Articles from www.theblock.co

Articles from www.theblock.co

Tether reports Q2 net profit of $4.9B, a quarterly record, and says it held nearly $9B in bitcoin at the end of the quarter (www.theblock.co)
16 hours ago Bitcoin

Stable, which is building a new Layer 1 blockchain for stablecoins, raised a $28M seed co-led by Bitfinex and Hack VC (www.theblock.co)
17 hours ago Blockchain

RD Technologies, which is developing a stablecoin backed by Hong Kong dollar, raised $40M ahead of HK's stablecoin licensing regime set to take effect on Aug. 1 (www.theblock.co)
1 day ago Hong Kong

eToro says it's launching tokenized US equities, ETF, and futures trading via ERC-20 tokens, citing regulatory clarity from the US' Genius Act and the EU's MiCA (www.theblock.co)
2 days ago ETF Equity

Tether says it has ~250K Tether Gold tokens in circulation as of Q2 2025, backed 1:1 by a troy ounce of physical gold; the stablecoin was launched in Jan. 2020 (www.theblock.co)
7 days ago

In Yuga Labs vs. Ryder Ripps, an appeals court rules that NFTs are “goods” that can get trademark protection but sends the case back to a lower court (www.theblock.co)
7 days ago

Poseidon, an AI-focused decentralized data layer built on the Story protocol, raised a $15M seed led by a16z (www.theblock.co)
9 days ago AI Decentralize

Decentralized messaging protocol XMTP developer Ephemera raised a $20M Series B at a $300M equity and $750M network valuation, following a $20M Series A in 2021 (www.theblock.co)
14 days ago Equity Decentralize

Coinbase rolls out the Base App, rebranding its Coinbase Wallet as an “everything app” that combines social networking, mini-apps, chat, payments, and trading (www.theblock.co)
15 days ago Coinbase

In response to a March FOIA request, the US Marshals Service said it held over 28,988 BTC, worth ~$3.4B at current prices, far fewer than previously believed (www.theblock.co)
15 days ago

SharpLink Gaming, a Nasdaq-listed online gambling marketing company, becomes the largest corporate ether holder with 280,706 ETH, surpassing Ethereum Foundation (www.theblock.co)
16 days ago Ethereum ETH

Crypto PAC Fairshake says it has raised $109M since the US elections in November 2024, and $52M in H1 2025, as it prepares for the 2026 US midterm elections (www.theblock.co)
16 days ago

Crypto asset manager Grayscale confidentially files draft IPO paperwork with the US SEC, offering few details; the DCG subsidiary manages $30B+ (www.theblock.co)
17 days ago IPO Asset

Pump.fun raised $500M via a sale of PUMP tokens, which sold out in 12 minutes; it offered 12.5% of its total token supply at a fully diluted valuation of $4B (www.theblock.co)
19 days ago

The US Senate confirms Jonathan Gould to lead the Office of the Comptroller of the Currency; Gould was previously the chief legal officer at Bitfury (www.theblock.co)
21 days ago Senate

DefiLlama: monthly DeFi fees have risen to $577M from an April low of $366M, with major protocols generating $275M through automated market-making services (www.theblock.co)
25 days ago

Distinct Possibility, a gaming studio launched by EverQuest co-creator to build a web3 shooter on Etherlink, a Layer 2 network built on Tezos, raised $30.5M (www.theblock.co)
27 days ago

Barclays will block crypto purchases made with credit cards starting June 27, citing volatility and lack of consumer protections, following other UK lenders (www.theblock.co)
2025-6-26 Credit Card

Chainlink and Mastercard announce a partnership to enable card users to buy crypto “directly onchain through a secure fiat-to-crypto conversion” (www.theblock.co)
2025-6-25

Yupp, which rewards users in crypto for comparing answers from multiple AI models and giving feedback, emerges from stealth with a $33M seed led by a16z crypto (www.theblock.co)
2025-6-14 AI

Polygon co-founder Sandeep Nailwal is named CEO of the Polygon Foundation after the departure of Mihailo Bjelic, and unveils changes to streamline the nonprofit (www.theblock.co)
2025-6-12

Eric Trump says the TRUMP memecoin team and Magic Eden have canceled the $TRUMP Wallet; Trump's World Liberty Financial reportedly sent them a cease-and-desist (www.theblock.co)
2025-6-7 Trump

Conduit, whose cross-border payments network integrates stablecoins and local currencies, raised a $36M Series A co-led by Dragonfly and Altos Ventures (www.theblock.co)
2025-5-29

Filing: GameStop acquires 4,710 bitcoin for its corporate treasury, but does not disclose the total purchase amount, after announcing a bitcoin plan in March (www.theblock.co)
2025-5-28 Bitcoin

Polygon cofounder Mihailo Bjelic steps down from the project's development studio, Polygon Labs, and from the foundation board, marking the third founder exit (www.theblock.co)
2025-5-24

An Alabama man is sentenced to 14 months in prison for hacking SEC's X account in 2024 and posting a false announcement that the SEC had approved bitcoin ETFs (www.theblock.co)
2025-5-17 Bitcoin ETF

Coinbase Derivatives, the company's CFTC-regulated derivatives arm, launches 24/7 Bitcoin and Ethereum futures trading for retail and institutional users (www.theblock.co)
2025-5-10 Bitcoin Retail Ethereum Coinbase CFTC

The US OCC says banks can buy and sell customers' crypto assets on their behalf and can outsource crypto custody and trade execution services to third parties (www.theblock.co)
2025-5-8 Asset

New Hampshire becomes the first US state to pass a “Strategic Bitcoin Reserve” bill, permitting public fund investment in BTC, either directly or through an ETF (www.theblock.co)
2025-5-7 Bitcoin ETF

DeFi company IntoTheBlock and financial services company Trident Digital announce they are merging to form Sentora and have raised a $25M Series A (www.theblock.co)
2025-5-7

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