Timmy Shen / The Block: Japanese fintech JPYC launches a yen-pegged stablecoin, the country's first, and its issuance platform JPYC EX, targeting $65.4B in circulation in three years — - JPYC Inc. said today it launched the country's first legally recognized yen-backed stablecoin.
RT Watson / The Block: Pave Bank, which lets businesses manage both fiat and digital assets in real time, raised a $39M Series A led by Accel, with Tether and others participating — - Pave Bank raised $39 million in a Series A funding round led by Accel, with participation from Tether Investments, Wintermute, and others.
Timmy Shen / The Block: Better Payment Network, a BNB Chain-based cross-border stablecoin payment company, raised a $50M seed led by YZi Labs, the VC formerly known as Binance Labs — - Better Payment Network, a stablecoin payment company, said it has secured a $50 million seed round led by YZi Labs, formerly known as Binance Labs.
Naga Avan-Nomayo / The Block: Polymarket CEO Shayne Coplan says the startup raised two undisclosed rounds: $55M at a $350M valuation in 2024 and $150M at a $1.2B valuation earlier in 2025 — - Polymarket CEO Shayne Coplan says the prediction platform raised $55 million in 2024 and $150 million earlier this year.
James Hunt / The Block: RedotPay, which offers stablecoin cards and multicurrency wallets, raised $47M from Coinbase Ventures, Galaxy Ventures, and others at a $1B valuation — - RedotPay announced the closure of its latest strategic investment round, with participation from Coinbase Ventures, Galaxy Ventures, and Vertex Ventures.
Adam James / The Block: Forward Industries raised $1.65B via a private investment in a public equity offering led by Galaxy, Jump, and Multicoin for a Solana asset treasury strategy — - Forward Industries, Inc. announced a $1.65 billion private investment in a PIPE offering led by Galaxy Digital, Jump Crypto …
Yogita Khatri / The Block: Utila, which is building an “operating system for stablecoins”, raised a $22M Series A extension led by Red Dot, taking its total funding to $51M+ — - Utila raised $22 million in a Series A extension round led by Red Dot Capital Partners, “nearly tripling” its valuation six months after its initial Series A.
Daniel Kuhn / The Block: The Ethereum Foundation pauses its grants program, which awarded $3M+ to 100+ projects since 2018, to rethink its spending strategy and reduce its burn rate — The Ethereum Foundation is pausing its open grants programs, initially launched in 2018. According to an announcement on Friday …
Danny Park / The Block: US Commerce Secretary Howard Lutnick says the US plans to publish GDP and economic data on the blockchain, but gave no details on the blockchain or timeline — Start trading crypto Get a crypto rewards card 1inch: Swap Sol ↔ EVM — U.S. will start issuing economic data on the blockchain …
Danny Park / The Block: Arkham Intelligence: SpaceX holds 8,285 bitcoin, worth ~$1.02B, down from 28K bitcoin worth $1.8B in April 2021, after cutting its holdings by ~70% in mid-2022 — Start trading crypto Get a crypto rewards card — SpaceX's bitcoin holdings surpassed $1 billion as the cryptocurrency surged to hit a new all-time high on Wednesday.
James Hunt / The Block: Circle reports Q2 revenue up 53% YoY to $658M, USDC circulation up 90% YoY to $61.3B, a $482M net loss, and unveils Arc, a stablecoin-focused Layer 1 blockchain — - Circle is planning to launch a stablecoin-focused EVM-compatible Layer 1 blockchain called Arc.
Zack Abrams / The Block: Arkham Intelligence claims to have uncovered a previously undisclosed heist of 127,426 BTC, now worth ~$14.5B, from Chinese mining pool LuBian in December 2020 — - Blockchain analytics platform Arkham Intelligence claims to have uncovered a heist of 127,426 BTC, now worth nearly $14.5 billion, from a Chinese mining pool in 2020.
Timmy Shen / The Block: 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 — - RD Technologies announced today that it has completed its $40 million series A2 funding round.
Daniel Kuhn / The Block: 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 — - Tether says it now has nearly 250,000 Tether Gold (XAU₮) tokens in circulation backed by the equivalent of more than 7.66 tons of gold in total, as of Q2 2025.
Naga Avan-Nomayo / The Block: Crypto asset manager Grayscale confidentially files draft IPO paperwork with the US SEC, offering few details; the DCG subsidiary manages $30B+ — - Grayscale's confidential filing signals the next major U.S. crypto IPO after Circle's debut and could gauge renewed investor demand.
The Block: DefiLlama: monthly DeFi fees have risen to $577M from an April low of $366M, with major protocols generating $275M through automated market-making services — - Major protocols like PancakeSwap have emerged as fee-generating leaders, accumulating $275 million in fees through …
RT Watson / The Block: 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 — - Bitkfraft Ventures and Brevan Howard Digital co-led a $30.5 million funding round in Distinct Possibility Studios, the new gaming firm from EverQuest co-creator John Smedley.
Jason Shubnell / The Block: 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 — - Earlier this week, Magic Eden and the $TRUMP token project announced a forthcoming “official” wallet and trading app.
Naga Avan-Nomayo / The Block: 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 — - The video game retailer announced a 4,710 bitcoin purchase on May 28. — GameStop previously announced plans to adopt Bitcoin …
Daniel Kuhn / The Block: Polygon cofounder Mihailo Bjelic steps down from the project's development studio, Polygon Labs, and from the foundation board, marking the third founder exit — - Mihailo Bjelic is stepping back from his active role developing Polygon and from the foundation's board, according to an announcement on Friday.
Danny Park / The Block: 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 — - The OCC clarified that national banks are permitted to execute cryptocurrency buy and sell orders on behalf of their customers.
Zack Abrams / The Block: Several pro-crypto Senate Democrats, key to passing a landmark stablecoin bill, withdraw support for the bill “as it currently stands”, citing “numerous issues” — - The future of the U.S. Senate's stablecoin bill has been thrown into jeopardy after nine pro-crypto Democrats …
Yogita Khatri / The Block: Symbiotic, which is building a “universal staking” platform after starting as a restaking protocol on Ethereum, raised a $29M Series A led by Pantera Capital — - Symbiotic has raised $29 million to expand from restaking into a broader “universal staking” platform.
The Block: Sources: BOA, principally lobbying through trade associations, is pushing US lawmakers for rules favoring banks over tech companies in stablecoin issuance — - Bank of America is lobbying for rules favoring banks over tech firms in stablecoin issuance. — Circle is positioning itself …
Yogita Khatri / The Block: Tether acquired 8,888 bitcoin worth $735M in Q1 2025, taking its total holdings to $7.8B and making it the sixth-largest bitcoin holder in a single wallet — - Tether acquired 8,888 BTC (worth about $735 million) in Q1 2025, following its reserve strategy.
Zack Abrams / The Block: PumpSwap, a new DEX launched by Pump.fun's creators, processed $2.43B in cumulative trading volume after just 10 days, shaking up the Solana DEX ecosystem — - PumpSwap, the DEX recently launched by memecoin platform Pump.fun, has processed $2.43 billion in cumulative trading volume after just 10 days …
Sarah Wynn / The Block: Crypto.com says the US SEC won't pursue enforcement action; Crypto.com sued the SEC in October after receiving a Wells notice signaling potential charges — - Crypto.com said that the SEC will not file an enforcement action against the company. — Crypto.com sued the SEC in October …
Danny Park / The Block: Binance suspends an employee for allegedly using insider information to sell tokens for significant profits; X users suggest the project was the memecoin UUU — - Binance Wallet announced that it has suspended an employee for allegedly using insider information to sell tokens for significant profits …
Zack Abrams / The Block: The daily amount of ether burned on Ethereum due to transaction fees hit an all-time low on March 22, amid dips in other network metrics like active addresses — - The daily amount of ETH burned on Ethereum as a result of transaction fees hit an all-time low on Saturday, indicating low demand for the network's blockspace.
MK Manoylov / The Block: Halliday, which helps developers delegate workflows to autonomous systems when creating smart contracts, raised a $20M Series A led by a16z Crypto — - The web3 workflow protocol developer Halliday raised $20 million in Series A funding led by a16z crypto.
Timmy Shen / The Block: Solana deleted a social media ad for its conference in May 2025 after the crypto community criticized it for insensitivity towards gender issues — - Solana posted a video ad on social media on Monday to promote its upcoming conference, but it was removed hours later.
Danny Park / The Block: A US bankruptcy court lets 3AC raise its claim against FTX from $120M to $1.53B, despite FTX's objection that it was too late; 3AC originally filed in June 2023 — - A U.S. bankruptcy court allowed 3AC to expand its claims against FTX from $120 million to $1.53 billion.
Yogita Khatri / The Block: French crypto trading company Flowdesk raised ~$92M in equity and $10.2M in debt led by HV Capital, after a $50M Series B at a $250M valuation in January 2024 — - Flowdesk has raised $52 million in new funding, with 80% as equity and around 20% as debt, co-founder and global CEO Guilhem Chaumont told The Block.
Zack Abrams / The Block: A trader used $6M to open a 50x leveraged long position on both BTC and ETH before Trump's crypto reserve announcement and closed their position for a $7M gain — - A trader who used $6 million to open a 50x leveraged long position on both BTC and ETH made $7 million in 24 hours …
Daniel Kuhn / The Block: MetaMask Head of Security Taylor Monahan says the Bybit hackers have moved at least 209,384 ETH, of ~400,000 stolen, onto Bitcoin, largely using THORChain swaps — - Bybit hackers have moved at least 209,384 ETH (~$480 million) onto Bitcoin, the majority of which was sent using ThorChain …
RT Watson / The Block: Nansen: 86% of traders lost $251M in total on the Solana memecoin Libra that Argentine President Milei promoted, while the remaining traders profited $180M — - Citing onchain data, Nansen Research said that through Tuesday, 86% of traders lost a total of $251 million on the LIBRA token …
James Hunt / The Block: Nikkei: Japan's financial regulator asks Apple and Google to remove apps from Bybit, MEXC Global, LBank Exchange, KuCoin, and Bitget; Apple has removed the apps — - Japan's Financial Services Agency has reportedly requested Apple and Google to block five unregistered overseas crypto exchange apps in the country.
MK Manoylov / The Block: Web3 domain infrastructure firm D3 Global raised a $25M Series A led by Paradigm, and plans to launch a decentralized network called Doma Protocol — - D3 Global is building tools for domain-based lending, fractional ownership, digital identity and other financial use cases.
Daniel Kuhn / The Block: Coinbase acquires Spindl, the on-chain advertising platform founded by Antonio Garcia-Martinez, an ex-Facebook staffer and the author of the book Chaos Monkeys — - Coinbase has acquired Spindl, the onchain advertising platform founded by famous tech commentator Antonio Garcia-Martinez.
Danny Park / The Block: A Texas District Court rules against Tornado Cash sanctions, ordering a previous decision to be reversed; the US sanctioned Tornado Cash in August 2022 — - A U.S. District Court has ordered the sanctions on Tornado Cash to be reversed. — The price of TORN jumped over 140% following the news.
The Block: The GMCI Meme index, which tracks leading memecoins by market cap, delivered 320% returns in 2024, outpacing AI at 91% and the top 30 cryptocurrencies at 88% — - The GMCI Meme index represents broader market trends rather than specific token performance. — The following is an excerpt …
Zack Abrams / The Block: Three industry groups sue the IRS, challenging a rule that would require some DeFi brokers to report users' personal information to the agency starting in 2027 — - The Blockchain Association and two other groups sued the IRS to challenge a recently-finalized rule that would require DeFi front-ends …
Zack Abrams / The Block: Memecoin MIRA, created to fund research into a brain tumor affecting tech CEO Siqi Chen's daughter, hit an $80M market cap before falling as Chen began selling — - After his young daughter, Mira, was diagnosed with a type of rare brain tumor, tech CEO Siqi Chen turned to X with a heartfelt plea …
The Block: Analysis: Coinbase International saw its total trading volume grow 124% week-over-week to $119B+ this past week, up from $2.5B per day average in November 2024 — - The weekly total is 124% higher than the previous week's total. — The following is an excerpt from The Block's Data and Insights newsletter.
MK Manoylov / The Block: Data shows open interest on Polymarket fell 64% from $510.95M on November 5 to $184.16M by November 8, highlighting the platform's reliance on political betting — - Open interest on Polymarket soared to $510.95 million by Nov. 5 and subsequently fell to $184.16 million by Nov. 8, The Block's data shows.
MK Manoylov / The Block: Filing: Microsoft puts an “assessment of investing in bitcoin” as a voting item for its December 10 shareholder meeting; its board recommends voting against it — - Microsoft placed an “assessment in investing in bitcoin” on the voting ballot ahead of its 2024 annual shareholder meeting in early December.
Vishal Chawla / The Block: DefiLlama: Coinbase's L2 Ethereum network Base stands at $2.08B in total value locked, up from $430M at the start of 2024, marking a 370% growth year-to-date — - Base has surpassed a total value locked of $2 billion for the first time — a 370% increase year-to-date.
Vishal Chawla / The Block: Singapore-based crypto exchange BingX suffered a security hack on its hot wallet, resulting in a “minor” loss; PeckShield: the loss was $43M in cryptocurrencies — - BingX suffered an apparent security exploit on its hot wallet. — Security analysts at PeckShield estimated …
Jason Shubnell / The Block: Trump launches World Liberty Financial, a DeFi lending project on Ethereum underpinned by the WLFI governance token; up to 63% of WLFI to be sold to the public — - Donald Trump helped unveil a few details of his highly anticipated cryptocurrency project, World Liberty Financial, on Monday night.
Zack Abrams / The Block: Dune Analytics: Pump.fun has generated over $100M in cumulative revenue from more than 1M memecoins created on the platform since its launch in January 2024 — - Popular memecoin launchpad Pump.fun has made $100 million in cumulative revenue from more than one million memecoins since it launched in January of this year.