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The Block

Latest news about Cryptocurrency, Blockchain, DeFi, NFTs & DEXs. Live price and charts for Bitcoin, Ethereum and other tokens.
Japan’s three major banks to test cross-border stablecoin transfer platform
Japan’s three major banks to test cross-border stablecoin transfer platform

Quick Take MUFG, SMBC and Mizuho banks will trial a stablecoins platform to facilitate cross-border transfers. The initiative, dubbed “Project Pax,” will be run by blockchain firms, including Progmat, Datachain and TOKI, with expected participation from more banks worldwide.

The Block·2024/09/05 16:00
Bernstein says crypto micropayments are key to avoiding AI financial economy bottleneck
Bernstein says crypto micropayments are key to avoiding AI financial economy bottleneck

Quick Take Bernstein analyst Gautam Chhugani argues that AI will require crypto micropayments to avoid the financial bottlenecks automated agents face in the traditional system. While the convergence between crypto and AI is already underway, stablecoins present the greatest opportunity, Chhugani said.

The Block·2024/09/05 16:00
Former SEC Chair Jay Clayton says the crypto industry is 'pushing US market infrastructure forward'
Former SEC Chair Jay Clayton says the crypto industry is 'pushing US market infrastructure forward'

Quick Take Former SEC Chair Jay Clayton explains how the crypto industry has evolved over the years since his time at the SEC.

The Block·2024/09/05 16:00
Justin Drake: Ethereum Foundation to release financial report, holds roughly $650 million in main wallet
Justin Drake: Ethereum Foundation to release financial report, holds roughly $650 million in main wallet

Quick Take The Ethereum Foundation plans to release a financial report soon, addressing community concerns about its spending. Justin Drake, an Ethereum researcher, indicated in an AMA that the foundation spends $100 million annually and has about $650 million in its main wallet. Depending on ether prices, the foundation’s financial runway is roughly ten years, Drake added.

The Block·2024/09/05 16:00
US spot bitcoin ETFs saw $211 million in outflows, extending streak of negative flows
US spot bitcoin ETFs saw $211 million in outflows, extending streak of negative flows

Quick Take Fidelity’s FBTC saw the largest amount of outflows on Thursday, with $149.49 million. Spot ether ETFs showed comparatively small net movements in funds.

The Block·2024/09/05 16:00
The Scoop: Bad macro, bad flows, bad price
The Scoop: Bad macro, bad flows, bad price

Macro trends took center stage today, driving the market up earlier in the session before pulling it back down.This column is adapted from The Scoop newsletter.

The Block·2024/09/05 22:12
US prosecutors argue FTX's Ryan Salame’s guilty plea didn’t stop investigation into partner
US prosecutors argue FTX's Ryan Salame’s guilty plea didn’t stop investigation into partner

Quick Take Prosecutors on Thursday said they repeatedly clarified with Ryan Salame’s lawyers that his guilty plea would not halt any ongoing investigation into his partner Michelle Bond. The filing also included some details about Salame’s alleged misconduct while at FTX, according to notes taken by prosecutors in April 2023.

The Block·2024/09/04 16:00
Telegram CEO Pavel Durov says he's prepared to 'leave markets that aren’t compatible' after France arrest
Telegram CEO Pavel Durov says he's prepared to 'leave markets that aren’t compatible' after France arrest

Quick Take Telegram CEO Pavel Durov posted a message to his popular messaging app after being arrested in France. He said Telegram is “prepared to leave markets that aren’t compatible” with the messaging app’s principles.

The Block·2024/09/04 16:00
Polymarket's open interest soars past $100 million as crypto enthusiasts bet big on presidential election
Polymarket's open interest soars past $100 million as crypto enthusiasts bet big on presidential election

Quick Take Polymarket’s growth trajectory speaks volumes about its increasing popularity and the public’s eagerness to put their money where their predictions are. The following is an excerpt from The Block’s Data and Insights newsletter.

The Block·2024/09/04 16:00
The Daily: Worldcoin eyes Facebook-like scale, EigenLayer plans new token distributions, Trump extends lead on Polymarket and more
The Daily: Worldcoin eyes Facebook-like scale, EigenLayer plans new token distributions, Trump extends lead on Polymarket and more

EigenLayer plans to distribute 86 EIGEN million tokens to stakeholders in its season 2 “stakedrop.”Worldcoin eyes Facebook-like scale for global reach, according to Tools for Humanity CEO Alex Blania.Robinhood agrees to pay a $3.9 million penalty to settle an investigation from the California DOJ over its past crypto withdrawal restrictions.The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.

The Block·2024/09/05 17:33