The Block

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The Block

The first and final word in digital assets

The Daily: MicroStrategy buys record $5.4 billion in bitcoin, Sky Mavis cuts 21% of its workforce and more
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons....

Ripple announces tokenized money market fund launching on XRP Ledger
Archax will provide access to a money market fund from UK asset manager abrdn in tokenized form on the XRP Ledger....

Avalanche9000 launches on testnet, over $40 million offered in retroactive rewards
Also launching Monday is Retro9000, a grant program of $40 million to reward builders developing Layer 1 blockchains and other tools on the Avalanche9000 testnet....

US Customs halts Bitmain ASIC imports amid speculation over sanctions: report
Seven U.S.-based mining companies have not been provided a clear reason for the delays or a timeline for resolution, according to Blockspace....

WisdomTree registers XRP ETF entity in Delaware: report
Appearing to follow in the footsteps of Bitwise and Canary Capital, WisdomTree filed to register and XRP ETF entity....

Ether gains momentum as capital shifts from bitcoin and derivatives activity increases
Capital flows shift from bitcoin to ether, with the derivatives market signaling growing confidence in ETH near-term upside, analysts said....

Aptos Labs adds former Grayscale CEO Michael Sonnenshein and OpenAI exec Kevin Weil to advisory board
Michael Sonnenshein and Kevin Weil will help bolster Aptos's growth in artificial intelligence, institutional adoption and other endeavors....

Pump.fun live streams are going too far — even for the crypto community’s liking
The Solana memecoin launchpad has been criticized amid reports of users threatening violent acts unless their tokens reach certain prices....

MicroStrategy acquires another 55,500 bitcoin for $5.4 billion, taking holdings to 386,700 BTC
The latest acquisitions follow MicroStrategy’s completion of a $3 billion debt offering and $2.46 billion share sale....

Bitcoin ETFs lead $3.1 billion weekly inflow record into crypto investment products: CoinShares
The funds’ year-to-date net inflows have also reached a record $37 billion, while assets under management hit a new peak of $153 billion....