BlackRock’s IBIT saw over $332 million in net outflows on Thursday, marking its largest daily negative flow since launching a year ago. On Jan. 2, spot bitcoin ETFs in the U.S. saw total net outflows ...

Tether and Bitfinex General Counsel Stuart Hoegner has retired, leaving Michael Hilliard in charge of legal affairs for the stablecoin issuer and exchange. Hilliard takes the reins just as MiCA, which ...

James Hunt is a reporter at The Block and writer of The Daily newsletter, keeping you up to speed on the latest crypto news every weekday. Prior to joining The Block in 2022, James spent four years as ...

Securitize’s proposal to add BlackRock’s BUIDL token as a backing for Frax’s USD stablecoin has been approved. Frax is now launching the frxUSD stablecoin. Securitize's proposal to make BlackRock’s ...

Anon World is built on the Farcaster protocol, underpinning Kartik Patel’s previous project, Anoncast. The platform introduces a Reddit-like interface that supports ...

Solayer Foundation has launched to support the Solana restaking protocol Solayer. The LAYER governance token, which is meant to spur increased development of the restaking platform, is also being ...

Elon Musk’s reversion of his X profile from Kekius Maximus triggered a 75% price plunge for the Ethereum-based memecoin namesake in just over an hour on New Year’s Day. Spot Ethereum ETFs in the U.S.

Crypto VC funding increased 28% in 2024 to $13.7 billion but fell short of past peaks. Top crypto VCs predict 2025 funding will focus on startups demonstrating strong product-market fit. Crypto ...

Steven Zheng is a researcher for The Block. He joined The Block in August 2018. Steven graduated from St. John’s University with a degree in economics. Previously, he covered blockchain and crypto at ...

Danny Park is an East Asia reporter at The Block writing on topics including Web3 developments and crypto regulations in the region. He was formerly a reporter at Forkast.News, where he actively ...

Tether’s USDT market cap has seen its steepest weekly market cap drop since the FTX collapse in November 2022. USDT has fallen 1.2% to just over $137 billion in the week since the EU’s MiCA ...

In 2024, cryptocurrency hacks resulted in nearly $2.2 billion stolen — an increase of more than 22% from the $1.8 billion in 2023. Notable hacks targeted centralized exchanges such as DMM Bitcoin, ...