The Block

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The Block

The first and final word in digital assets

The Daily: BlackRock, Nvidia, Microsoft and Musk’s xAI strike $40B data-center deal, Binance drama, SBF and more
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons....

Ethereum treasury firm ETHZilla to execute 1-for-10 reverse stock split to help boost price of ETHZ shares
The move aims to boost the price of the Nasdaq-listed stock to appeal to large mutual funds with “minimum stock price threshold limitations.”...

Polymarket launches up/down equity markets letting users bet on stock prices
Polymarket has launched up/down equity and index markets in a new Finance hub weeks after its U.S.-cleared earnings markets debuted....

Coinbase adds BNB to listing roadmap amid industry spat over listing fees
The move marks the first time Coinbase signaled support for Binance’s flagship BNB token, coming amid scrutiny over exchange listing practices....

‘Ship has sailed’: Ripple CEO Brad Garlinghouse says US won’t return to hostile crypto climate under Gensler
The crypto sector be thrown back into the throes of a hostile regulatory environment, Ripple CEO Brad Garlinghouse said Wednesday....

Binance fires back at ‘fudders’ for pouncing on claims of over $20 billion in weekly outflows
For the second time this week Binance has publicly defended itself after data showing it had seen over $20 billion in weekly outflows....

Ethereum Foundation deploys fresh 2,400 ETH using DeFi lender Morpho
Earlier this year, the non-profit pledged to update its treasury management practices and engage directly with the Ethereum DeFi ecosystem....

Tether-linked USDT0 and XAUT0 launch on Solana via LayerZero tech
USDT0 and XAUT0, cross-chain bridged versions of Tether's USDT stablecoin and its gold token, have launched on Solana....

OCC grants preliminary approval to Erebor Bank, a Peter Thiel-backed startup focusing on crypto an AI
A national bank regulator has granted "preliminary conditional approval" to the neo-bank, which will serve the crypto and AI sectors....

Kraken-incubated Ethereum L2 Ink rolls out Tydro, a white-label instance of Aave v3 that supports the INK token
Tydro will serve as “core infrastructure for DeFi on Ink" and could be integrated into Kraken's core exchange product....