The Block headlines
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‘Even more orange’: Strategy buys 1,665 bitcoin for $143 million as total holdings reach 847,666 BTC
Strategy's total holdings account for around 4% of the 21 million bitcoin supply cap — worth roughly $70 billion.
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California Gov. Gavin Newsom bans public officials from launching memecoins, takes aim at Trump
Newsom signed several other bills, including one intended to set clearer rules for restitution when investors lose money in crypto scams.
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Bitget starts phased withdrawal resumption following $388 million exploit
The exchange said it has patched the vulnerability, and losses from the incident will be fully covered by a user protection fund.
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Onchain analyst links $18.4 million in Robinhood Chain memecoin extractions to single rug-pull operation
The creators of 10 Pons V2 launches exempted a set of wallets from Pons' anti-sniping tax; those wallets went on to buy most of each token's supply, per onchain data.
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‘It’s really not just a blockchain anymore’: Vitalik Buterin maps Ethereum’s path to 2030
Ethereum co-founder Vitalik Buterin said Ethereum is "really not just a blockchain anymore" and laid out how its design will change by 2030 in a post.
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Bitcoin ETFs turn positive for 2026 with $2.4 billion weekly inflow, their largest since October
The inflows pushed bitcoin ETFs' year-to-date net flows back above zero, after the funds sat roughly $5.8 billion in the red just two months ago.
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Kalshi loses appeal over Ohio and Tennessee sports betting laws, widening circuit split
A federal appeals court ruled on Friday that Kalshi has not adequately shown its sports event contracts are swaps under the Commodity Exchange Act.
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SEC crypto FAQ addresses token buybacks, network upgrades and promises of profit
Promoting a network’s current uses generally would not create an expectation of profit, SEC staff said.
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Blockchain Association CEO Summer Mersinger to step down, Kristin Smith to return as interim CEO
The Blockchain Association is switching up its leadership with CEO Summer Mersinger set to step down next month.
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Man charged in $16 million crypto ‘massive pig butchering’ scam
A man was charged for his role in defrauding someone of millions of dollars' worth of crypto in a "massive pig butchering" scam.
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Magic Eden legacy approvals leave $5.7 million in NFTs exposed to exploit before rescue
Magic Eden legacy approvals exposed $5.7 million in NFTs to an exploit before whitehats rescued 23,155 tokens.
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Aave V4 on Base adds Coinbase tokenized stocks as collateral for USDC loans
Aave V4 added Apple, Nvidia, Tesla, and four more tokenized stocks as collateral for USDC loans for non-U.S. users.
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Strategy proposes daily dividends for STRC, STRD, STRF and STRK preferred stocks
Strategy is seeking shareholder approval to pay daily dividends across its four U.S.-listed preferred stocks.
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Ethena expands USDe backing strategy into bStocks and equity perpetuals on Binance
Ethena is adding Binance bStocks and equity perpetuals to the basis trade used for USDe's backing strategy.
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KelpDAO sues LayerZero, claims it endorsed setup used in $292 million rsETH exploit
KelpDAO sued LayerZero and Bryan Pellegrino over the April 18 rsETH exploit, alleging the bridge setup was endorsed in writing.
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More than $170 million in crypto moves from Bitget wallets to unidentified address
The receiving address has made several swaps, but the reason for the Bitget wallet transfers remains unclear.
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Fed proposes reserve limits, capital standards for stablecoin issuers under GENIUS Act
The Federal Reserve proposed new measures for stablecoin issuers, including reserve-asset limits and standardized capital requirements.
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Solana treasury firm SkyAI keeps board after shareholder protest, loses equity plan vote
SkyAI’s board survived a shareholder protest, but its proposed equity pay plan fell by a wide margin.
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ARK Invest brings $1.3 billion venture fund onchain through Securitize
ARK Invest is bringing its $1.3B ARK Venture Fund (ARKVX), which holds OpenAI, Anthropic and Stripe, onchain via Securitize on Ethereum.
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JPMorgan says bitcoin crossing $85,000 production cost could ease miner selling pressure
JPMorgan analysts said bitcoin's move above its estimated $85,000 production cost could ease miner selling if sustained.
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New York moves to block Polymarket from the state, alleging it’s running an illegal gambling operation
New York has sued Polymarket, accusing it of operating an illegal gambling operation and asking a court to block it from operating.
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Ondo launches onchain portfolio tokens based on BlackRock-developed strategies
Ondo has launched three onchain portfolio tokens based on model portfolio strategies developed by BlackRock.
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Solana Foundation taps Binance, Polygon vets to drive institutional adoption and payments
Solana Foundation appointed Rachel Conlan as chief strategy officer and former Polygon Labs exec Jamal Raees as GM of payments.
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HIFI raises $37 million Series A to expand tokenized capital markets infrastructure
HIFI raised $37 million in Series A funding led by Left Lane Capital to scale tokenized settlement infrastructure.
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IBM connects Digital Asset Haven to Swift blockchain ledger for tokenized deposit transactions
IBM Digital Asset Haven clients can now connect to Swift's shared ledger and instruct tokenized deposit transactions.
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Brooklyn man gets up to 12 years over $16 million Coinbase social engineering scheme
A court sentenced 23-year-old Ronald Spektor to four to 12 years in prison for a $15.9 million Coinbase phishing scheme.
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Hut 8 wins bidding for Poolin’s Texas data centers with $140 million offer
The proposed acquisition would add two Texas sites to Hut 8’s expanding AI infrastructure portfolio.
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‘Not behind closed doors’: Senate Banking Democrats call for prediction markets hearing as GOP meets privately with Kalshi
Every Democrat on the Senate Banking Committee is urging its chair, Sen. Tim Scott, to hold a congressional hearing on prediction markets.
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‘BTC still has room to catch up’: Bitcoin’s $80,000 breakout draws institutional demand as analysts weigh durability
K33, Nexo and 21shares weigh in on bitcoin's breakout as ETF inflows hit their highest since Nov. 2024. Key levels: $87K–88K resistance.
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Blockchain.com, NYSE plan access to tokenized US stocks and ETFs
Blockchain.com and NYSE have signed an agreement to explore tokenized stocks and ETFs, subject to regulatory approvals.