The Block

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The Block

The first and final word in digital assets

White House session ends in impasse as banks demand restrictive parameters on stablecoin rewards
Banks remain adamant about restricting stablecoin yield, demanding tighter controls than what was stated in the bill's last draft text....

Goldman Sachs cuts bitcoin ETF holdings by 40% in Q4
It held $1.06 billion in spot bitcoin ETFs and $1 billion in spot Ethereum ETFs as of the end of last year, according to its 13F filing....

Robinhood launches public testnet for blockchain built on Arbitrum
The testnet will support experimentation to identify issues and improve network stability ahead of a mainnet launch....

Robinhood shares fall after earnings as crypto revenue slides 38% in Q4
Bitstamp volumes helped soften the impact of weaker crypto trading on Robinhood as the company leans more on international activity....

Mansions and sports cars: former SafeMoon CEO sentenced to 8 years in prison for crypto scheme
Former CEO of SafeMoon US LLC, Braden John Karony, was sentenced to just over eight years in prison on Tuesday....

Citadel and Ark Invest back LayerZero as it launches blockchain, partners with Google Cloud and DTCC
Citadel Securities and Ark Invest have bought LayerZero's native ZRO token, which appears to be a first for Citadel....

Jailed FTX founder Sam Bankman-Fried files a motion seeking a new trial
Former FTX CEO Sam Bankman-Fried is seeking a new trial after being found guilty on multiple fraud charges....

Hyperliquid’s permissionless perps hit $5 billion daily volume as metals frenzy fuels record activity
Hyperliquid's HIP-3 permissionless perpetual markets recorded $5.2 billion in daily trading volume on February 5....

MoonPay wants to help 40,000 businesses in UK and EU pay workers in stablecoins
Powered by MoonPay subsidiary Iron's tech, Deel will be able to pay workers' salaries directly into employees' wallets....