The Block

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The Block

The first and final word in digital assets

DeFi protocol Thala recovers $25 million following successful hacker negotiation
A SEAL 911 member who assisted in the recovery said the protocol was lucky that the hacker was immediately willing to accept a bounty. ...

Crypto ATM operator Bitcoin Depot reports Q3 revenue of $135.3 million
The firm noted $135.3 million in revenue for the quarter, down 25% from the $179.5 million generated in the prior year's quarter....

Syncracy Capital’s Ryan Watkins unpacks the bull case for Solana and what’s driving crypto markets
The co-founder of Syncracy Capital sheds light on Ethereum, Solana and finding the next "generational winners" in the crypto market....

DeFi Technologies’ AUM jumps 38% amid crypto market boom
The firm's crypto arbitrage trading desk, DeFi Alpha, generated revenue of C$20.6 million, down from the prior quarter's C$111.5 million....

Wintermute’s proposal to overhaul Ethena protocol revenue share approved by risk committee
A little more than a week after Wintermute submitted its proposal, Ethena Foundation said the risk committee had approved....

The Scoop: Anti-crypto bias may have cost Democrats the election
A growing base of single-issue crypto voters have become frustrated by Democrats’ general opposition to the industry....

US Attorney’s Office for the Southern District of New York to pare back crypto-related cases: Reuters
The U.S. Attorney's Office for the Southern District of New York plans to cut back on crypto cases, according to one of its top prosecutors....

Elon Musk shot down OpenAI’s proposed ICO in 2018: court filing
At the time, Musk said "it would simply result in a massive loss of credibility for OpenAI and everyone associated with the ICO."...

Dogecoin lawsuit against Elon Musk dropped amid market surge
The same week Musk was appointed head of Trump's "DOGE" team, a group of Dogecoin investors finally put an end to their lawsuit....