The Block headlines
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Solana treasury DeFi Development authorizes CHAD preferred stock buyback program
Solana treasury firm DeFi Development approved an open-ended program to repurchase CHAD preferred stock if it trades below its $10 par value.
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Brevan Howard to use Ripple Prime for multi-asset brokerage, clearing and financing
Ripple Prime will provide prime brokerage, clearing and financing to Brevan Howard, deepening a tie that began with its Ripple investment.
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Polymarket rolls out V2 upgrade with single ERC-1155 positions contract, pUSD collateral
Polymarket rolls out Protocol V2, replacing its legacy Gnosis-based setup with a single ERC-1155 positions contract and pUSD collateral.
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Fortitude expands Zcash mining push with up to $100 million equipment commitment
Fortitude secures priority access to BITMAIN’s next-generation Zcash miners as it expands capacity and increases financing from DCG.
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Rep. Don Davis introduces bill to stop federal candidates trading prediction market contracts tied to their own elections
Don Davis introduced legislation barring federal candidates and their families from trading prediction contracts tied to their own elections.
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Spiko raises $90 million to expand tokenized cash funds across markets
Spiko raised $90 million in Series B funding to scale its $2.7 billion tokenized cash fund business and expand into new markets.
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ZachXBT says he fronted $349,700 to infiltrate alleged Chinese launderers tied to Lazarus, Bybit hack
Posing as a client, ZachXBT said he gathered intelligence that helped freeze funds tied to the $1.5 billion Bybit hack.
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Ondo launches onchain private-company exposure, starting with AI
Ondo Finance launched a private-markets platform with tokenized notes tied initially to a pre-IPO artificial intelligence company.
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Treasury withdraws crypto mixing rule, citing concerns over ‘chilling effect on legitimate activity’
FinCEN is withdrawing a proposal that would've designated crypto mixing a "primary money laundering concern" under the PATRIOT Act.
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Umia raises $6.1 million at $18 million FDV to help crypto projects launch tokens
Umia raised $6.11 million through a seven-day auction of its UMIA token, with ten funds and nearly 700 individual bidders taking part.
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CFTC proposes new federal framework for leveraged retail crypto trading
The CFTC launched rulemaking on leveraged and margined retail crypto trading, proposing Regulation CTX and CAM and a new "crypto asset market" exchange.
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Strive adds 2,000 bitcoin in biggest buy since June, closes in on MARA
Strive’s bitcoin holdings near 30,000 BTC as the race among the largest public treasuries heats up.
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DeFi Development sees NAV per share more than doubling, holds 2.56 million SOL
DFDV says preliminary Q3 estimates show NAV per share more than doubled as its Solana treasury grew to 2.56 million SOL.
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Tom Lee says ether ‘dwarfing other macro assets’ as Bitmine adds 15,112 ETH
Bitmine added 15,112 ETH as Chairman Tom Lee said Ethereum outperformed the S&P 500 by 6,832 basis points in Q3.
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‘More orange than ever’: Michael Saylor’s Strategy buys 334 bitcoin for $28.7 million as total holdings top 848,000 BTC
Strategy's total holdings account for around 4% of the 21 million bitcoin supply cap — worth roughly $73 billion.
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Metaplanet sold 10,000 BTC in Q3 before buying back 11,000 BTC to ‘demonstrate liquidity’
Metaplanet added a net 1,000 BTC during the third quarter as its total bitcoin holdings reached 44,000 BTC.
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Visa, CoinShares find growing crypto appetite among consumers and affluent investors
Visa and CoinShares surveys show rising stablecoin interest in Asia Pacific alongside strong digital-asset ownership among affluent investors.
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Injective CEO Eric Chen expects US INJ ETFs to launch sooner than 2027
There are currently two ETF applications tied to INJ — the 21Shares Injective ETF and the Canary Staked INJ ETF.
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OKX, NYSE parent ICE joint venture seeks to launch tokenized US stock trading venue
OKXICE has notified the SEC that it intends to launch a tokenized securities trading venue under the innovation exemption.
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Drift opens exploit recovery claims with initial payouts of just over 1% of user losses
DFX holders can cash out now or wait for more funding, with no firm timeline for full repayment.
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Paradigm-backed Layer 2 Blast to wind down network as costs exceed revenue
Ethereum L2 Blast is winding down after costs outpaced revenue. Users have until Oct. 26 to withdraw via the app.
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Bitcoin nears highest level since January as $85,000 sell wall clears, US jobs data disappoints
Bitcoin climbed back toward $87,000 on Friday as sellers cleared out around $85,000, according to Glassnode.
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BitGo CEO says Clarity’s failure left capital markets exposed to risk potentially worse than Lehman
BitGo CEO Mike Belshe warned that Clarity's failure left systemic risks arising from one firm holding exchange, brokerage, and custody functions.
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ECB outlines three models for putting central bank money onchain
The ECB outlined three models for bringing central bank money onchain as financial institutions explore settlement infrastructure.
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Spot bitcoin ETFs log $2.7 billion in September inflows as institutional demand holds
US spot bitcoin ETFs recorded $2.65 billion in net inflows in September, their second-largest monthly inflow since October 2025.
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SEC’s innovation exemption poses constraint on bringing stock tokens to US, Robinhood crypto chief says
Robinhood's Johann Kerbrat told The Block that Robinhood is still working through the SEC's latest innovation exemption on tokenized stocks.
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Ethereum Foundation launches zkAPI to let users pay for AI models without revealing identity
Users deposit funds into an Ethereum vault and authorize spending with zero-knowledge proofs, so the API provider can't link requests to a payer.
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SEC proposes framework allowing investment advisers, funds to self-custody crypto
SEC proposed a crypto framework for investment advisers & funds, allowing self-custody in some cases & state trust companies as custodians.
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Hyperliquid Policy Center, Circle press EU on perps and stablecoin reserves in MiCA review
Hyperliquid's policy group wants perps under MiFID II, while Circle targets MiCA's bank deposit floor in filings to the European Commission's MiCA review.
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Ethereum staking reward burn proposal EIP-8363 pulled from Hegota upgrade
Co-author Jérôme de Tychey said industry participants and core contributors convinced him a scoping process was the wrong venue for an issuance change.