The Block

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The Block

The first and final word in digital assets

Dogecoin’s Wall Street glow-up continues with launch of Grayscale Dogecoin ETF
Dogecoin's journey from a fun memecoin to gaining popularity from Elon Musk is cementing itself into the mainstream....

Revolut reaches $75 billion valuation following completion of latest share sale
The valuation follows a period of improved financial performance and continued international expansion for the firm....

Nasdaq-listed Enlivex plans $212 million fundraise for Rain token treasury, calling it first prediction-markets DAT
Matteo Renzi, former Prime Minister of Italy, will join the Enlivex board of directors following the closing of the fundraise, the company said....

South Korea’s Upbit eyes Nasdaq listing after merger with tech giant Naver: report
South Korean crypto exchange Upbit is reportedly preparing a Nasdaq IPO following its merger with Naver as Korean firms eye U.S. public markets....

Japan’s major asset managers mull crypto investment offerings ahead of major rule changes: report
Major Japanese wealth managers are preparing to launch crypto investment trusts ahead of regulatory changes that would offer tax relief and new rules....

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....