The Block

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The Block

The first and final word in digital assets

PayPal and Anchorage partner on PYUSD stablecoin rewards program
The program will pay out yield on PayPal USD tokens held by the crypto-native bank or in Anchorage’s institutional self-custody wallet Porto....

The Daily: Bitcoin spikes following Fed Chair comments, crypto groups warn of privacy concerns, Kraken denied SEC case dismissal and more
China also extradited the mastermind of a $14 billion crypto scam from Thailand and spot bitcoin ETFs saw $65 million in net inflows...

Presidential candidate Robert F. Kennedy Jr. drops out, backs fellow crypto-friendly candidate Donald Trump
Presidential candidate Robert F. Kennedy Jr. has suspended his campaign and is shifting support to fellow to Donald Trump. ...

DCG is debt-free, minus its $1.1 billion promissory note to Genesis, as of June
Digital Currency Group has fully repaid its short-term debts as of June, the company announced in a quarterly shareholder letter this week. ...

The Scoop: Crypto credit goes conservative
"Conservative" is the current mantra in the crypto credit space....

Crypto exchange Kraken’s motion to dismiss US SEC case denied
A district judge says the SEC has "plausibly argued" its case against crypto exchange Kraken....

Blockchain Association, DeFi Education Fund warn that SEC’s consolidated audit trail poses privacy concerns
Two digital asset-focused groups say the U.S. SEC's newly operational database poses privacy concerns for millions....

Bitcoin spikes up as Fed says ‘time for policy adjustment’ at Jackson Hole
The bitcoin price broke above the $61,000 mark after Fed Chair Jerome Powell's dovish announcement at the Jackson Hole symposium....

JPMorgan lowers bitcoin mining stock targets amid price drop and rising hashrate
A JPMorgan report has reduced its price targets for bitcoin miners due to declining bitcoin prices and a rising network hashrate....

Bitcoin on-chain and derivatives data suggests market optimism: analyst
Bitcoin supply on centralized exchanges has plummeted since the end of July, reaching a multi-year low in August....