The Block headlines
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Evernorth shareholders approve $1 billion XRP treasury deal, clearing path to Nasdaq debut
Armada Acquisition Corp. II shareholders approved the Evernorth merger. The XRP treasury company expects to hold ~473M XRP.
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NEAR Intents halts services after $3.8 million exploit, promises full compensation
NEAR Intents patched the contract flaw, but deposits and withdrawals on 11 networks remain disrupted.
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Robinhood Wallet integrates Arcus RFQ system for stock token swaps
Robinhood Wallet adds Arcus as a routing provider for Stock Token swaps, giving eligible users access to more than 190 tokens.
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Bitcoin ETFs’ 9-day, $3 billion inflow streak comes to an end as $149 million exits the funds
Meanwhile, U.S. spot Ethereum ETFs saw $59.6 million in net outflows on Wednesday, led by $26.6 million exiting Fidelity's FETH fund.
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Lloyds, Visa settle $750,000 using USDC in live cross-border pilot
Lloyds used USDC to settle $750,000 of payment obligations with Visa during a seven-day live cross-border pilot.
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Clarity Act’s failure gave crypto ‘faster’ regulatory wins, Bitwise CIO says
Bitwise’s Matt Hougan says Clarity’s defeat left crypto with fewer restrictions and faster SEC action.
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CFTC secures over $30 million judgment against defendants in Fundsz fraud case
The CFTC secured a win in court after the agency said two defendants participated in a crypto scheme that they then tried to walk back.
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Base launches Cobalt upgrade with conditional transactions and new B20 asset functions
Base has launched Cobalt, adding conditional transactions and new functions for assets issued under its B20 standard.
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DogeOS launches testnet to bring EVM smart contracts to Dogecoin
DogeOS launched a public testnet for its zero-knowledge rollup bringing EVM smart contracts to Dogecoin, with DOGE used for gas fees.
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White House weighs new CFTC event contract rules in growing prediction market power struggle
The White House is weighing two proposed rules from the CFTC tied to prediction markets as the agency seeks to assert its jurisdiction.
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Bitcoin steadies as soft PCE cools October Fed rate hike bets
Core PCE rose just 0.2% in August, easing pressure for an October Fed hike. Bitcoin trades near $83,700 as rising Treasury yields cap gains.
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Hyperliquid Co-founder Jeff Yan says 24-hour clock is not onchain finance’s true differentiator
Hyperliquid (HYPE) Co-founder Jeff Yan said at Korea Blockchain Week that around-the-clock trading is not what sets onchain venues apart from traditional exchanges. Speaking in a fireside chat at Korea Blockchain Week 2026, Yan pointed out that crypto never needed conventional market hours because...
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FCA starts accepting crypto authorization applications ahead of 2027 regime
FCA opens crypto authorization window, setting a Feb. 28, 2027 deadline as UK firms face fresh vetting under new regime.
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Standard Chartered sees over 600% upside for ENA, expects USDe to hit $40 billion by 2028
Standard Chartered forecasts ENA will reach $2 by the end of 2028 as USDe scales eightfold and buybacks reshape the token's value.
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Crypto advocacy group Stand With Crypto rolls out its first round of Senate endorsements after failed Clarity vote
Weeks after the Clarity Act stalled in the Senate, crypto advocacy group Stand With Crypto rolled out its first round of Senate endorsements.
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Kalshi to end liquidity incentive program amid wash trading allegations
Its monthly volume reached $52.98 billion in September as of Sept. 29, marking an all-time high, even as September data remains incomplete.
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Robinhood to launch perps, weekend stock trading for US users
The trading platform also introduced Robinhood Agents, which allows users to build their own AI agents within the app.
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CryptoQuant says bitcoin correction could be near as traders’ unrealized profit hits 21-month high
Bitcoin could face a near-term correction as short-term traders' onchain unrealized profit margin has reached its highest level in 21 months, according to CryptoQuant.
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Comer presses Crypto.com, Hyperliquid and PredictIt on identity checks and suspicious trades
Comer’s expanded probe seeks records on government insiders, employee trades and suspicious activity referrals.
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Aztec relaunches zk.money privacy wallet on its Ethereum Layer 2
Aztec Labs has relaunched zk.money, a self-custodial privacy wallet, on Aztec Network after discontinuing the original product in 2023.
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Bitcoin tests long-term holder supply cluster as leverage clears, analysts say
Bitcoin traded near $84,000 on Tuesday, near Glassnode's largest long-term holder cost-basis cluster price range.
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Bitwise launches first US spot NEAR ETF with staking rewards
Bitwise's NRR is the first U.S. NEAR ETP, charging a 0.75% fee and staking its NEAR in-house, with rewards flowing to shareholders via NAV.
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Ondo Perps CEO sees ‘huge opportunity’ for perps in US market, under different model
The CEO's comment comes at a time when U.S. regulators and several firms are testing how perpetual futures could enter domestic markets.
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Coinbase receives DCO approval from CFTC, completing full derivatives stack
This completes Coinbase's derivatives infrastructure, allowing it to list, broker, and clear fully collateralized products in-house.
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Tether’s USDT at center of Iran’s shadow banking network, new Senate Report says
Tether and its stablecoin have become central in "Iran's shadow banking system," according to a new Senate investigation.
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Citi expands Coinbase partnership to power stablecoin payments for businesses
Coinbase is expanding partnership with Citi to provide businesses with infrastructure connecting traditional fiat payments and stablecoins.
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SEC Commissioner Hester Peirce reflects on her time at the agency, what she still wanted to get done: ‘There’s no good time to leave’
After nearly a decade at the Securities and Exchange Commission, Hester Peirce is wrapping up her last week at the agency.
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Strive pushes bitcoin holdings above 27,400 BTC with latest $94.5 million purchase
SATA supplied 85% of Strive’s latest capital as its bitcoin holdings climbed to 27,462 BTC.
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Bitget attacker tested risk controls with small transfers before $388 million theft, CEO says
Bitget's attacker ran two small test transfers half an hour before draining $388 million, CEO Gracy Chen says.
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Tom Lee’s Bitmine tops 6 million ETH after buying another 17,362 ether
Bitmine's total crypto, cash and other investments currently stand at $17.2B, and the company owns over 4.9% of ether's circulating supply.