The Block

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The Block

The first and final word in digital assets

Global crypto ETPs see $1.9 billion in weekly outflows, adding to third-worst run since 2018: CoinShares
The four-week negative streak now totals $4.9 billion — the third largest since 2018, Head of Research James Butterfill said....

Thailand’s Bitkub crypto exchange mulls Hong Kong IPO: Bloomberg
Bitkub's IPO could take place as early as next year, with the company aiming to raise $200 million, Bloomberg reported....

JPMorgan Chase closes Strike CEO Jack Mallers’ accounts, spurring crypto debanking concerns
Maller's news prompted scrutiny on whether the alleged Biden-era 'Operation Chokepoint 2.0' is still at large....

Spot bitcoin ETFs shed $1.2 billion in 4th consecutive outflow week
US spot bitcoin ETFs reported $1.22 billion in net outflows last week, bringing four-week cumulative outflows to $4.34 billion....

Bitcoin bounces back to $87,500 under ‘fragile’ market structure: analysts
Market structure remains fragile, and bitcoin is expected to consolidate within a tight range of $85,000 to $90,000, analysts said....

Offchain Labs challenges Vitalik’s RISC-V proposal, says WASM better for Ethereum L1
The researchers argue WASM, which has been battle-tested across billions of execution environments, is a better long-term bet than RISC-V. ...

Hoskinson involves FBI after developer’s ‘careless’ experiment splits Cardano blockchain
An IOG employee resigned after Hoskinson involved the FBI to investigate the incident, concerned that development mistakes could lead to legal consequences. ...

Wormhole Labs unveils ‘Sunrise’ gateway to bring MON and other assets to Solana
Sunrise is a liquidity gateway designed to be the "canonical route" for bringing external assets, like Monad's MON token, to Solana....

Crypto ATM operator considers $100 million sale, days after founder’s $10 million money laundering charge
The company had previously pivoted to software offerings in the face of "rising fraud exposure, regulatory pressure, and compliance demands."...

Monad token sale defies ‘fizzle’ fears, will end oversubscribed on Coinbase
Monad's co-founder had predicted that the sale's mechanics could lead to a last-minute surge in buys, which appears to have taken place. ...