The Block headlines
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Visa Direct moves USDC prefunding into commercial production with Inyo Global
Visa Direct has brought USDC prefunding into commercial production with Inyo Global as its first commercial enabler.
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Google demonstrates quantum computing breakthrough as observers weigh Q-day implications
Google demonstrated "magic state cultivation," potentially helping address one of quantum computing's most significant bottlenecks.
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Capital B posts wider H1 net loss of $78 million on bitcoin impairment charge
The company attributed roughly €67.5 million ($75.9 million) of the loss to an additional bitcoin impairment charge.
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US federal judge denies joint Gemini-CFTC bid to undo $5 million settlement
The court noted that Gemini voluntarily settled three weeks before trial and that policy changes do not warrant reopening the judgment.
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MSCI finalizes index rules that put Strategy, crypto treasury firms at risk of exclusion
MSCI's new non-operating company rules could exclude Strategy, Metaplanet and SharpLink. The final list of affected firms is due Nov. 11.
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Farcaster acquired by Balaji’s Network School, with new ‘social smart contract’ for users
Balaji Srinivasan's Network School acquired Farcaster from Neynar. Users must sign a "social smart contract" or drop to read-only access.
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CleanSpark and BitFuFu see bitcoin production slip in September as Canaan remains flat
CleanSpark is ending monthly mining reports, while BitFuFu faces uncertainty over its Ethiopia deal.
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Multiliquid, a settlement platform for tokenized assets, raises $8 million
Multiliquid has raised $8 million across its pre-seed and seed rounds, with Polychain leading the seed round.
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DeFi Development boosts CHAD dividend to 14% amid push to grow Solana holdings
DeFi Development is raising the dividend rate on its CHAD preferred stock to 14% from 13% as it taps CHAD sales to grow its Solana treasury.
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Ripple Prime adds RWA swaps referencing perpetual futures listed on Hyperliquid
Ripple Prime has added RWA perpetual swaps tied to equities, ETFs, metals, energy and currencies, with 24/7 trading and settlement.
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Starknet opens seven-day vote on independent Layer 1 over quantum risks
Starknet opened a seven-day poll on Thursday asking STRK holders whether to research an independent post-quantum Layer 1.
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Bitwise CIO argues bitcoin will benefit whether AI booms or busts
Bitwise CIO Matt Hougan predicts an AI bubble collapse would prompt government bailouts and eventually fuel a bitcoin rally.
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Helius CEO Mert Mumtaz joins NEAR Foundation Council
Helius CEO Mert Mumtaz joined NEAR Foundation's Council, which oversees the foundation and its most significant decisions.
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Ledger unveils Atom Android device with Solana Mobile integration and new tamper protections amid investigation into modified wallets
Ledger unveiled Atom, an Android-based security device with Solana Mobile integration, AI-agent controls, and hardware-tampering protections.
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EBA designates Circle’s USDC as the EU’s first ‘significant’ e-money token
The EBA classified Circle’s USDC as the EU’s first "significant" e-money token, with new supervisory responsibilities beginning Nov. 12.
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Bitcoin drops below $81,000 as risk-off sentiment weighs on Asian equities
Asian equities tumbled on Thursday, with South Korea's Kospi losing 8% and Japan's Nikkei 225 declining 5% during morning trading.
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Patrick Witt exits White House crypto role as Clarity Act stalls
Leadership at the White House is shifting once again, as Patrick Witt’s tenure as the administration’s top crypto adviser comes to an end.
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Major shareholder presses SkyAI on Solana sales after treasury shrinks 70% in a month
SkyAI's SOL treasury fell 70% in under a month, with 400,000 SOL unexplained. Bastion Trading won't tender at $3 a share and wants $3.50.
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‘You’re committing crime in broad daylight’: Kalshi CEO defends prediction markets amid insider trading concerns
As insider trading concerns are accumulating, one of the biggest platforms said its markets make it easier to suss out bad actors.
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Bitcoin falls below $82,000 as hotter core CPI revives Fed hike concerns
Bitcoin dropped below $82,000 after September's core CPI beat forecasts as analysts weigh price targets and an October hike.
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Hex and PulseChain founder Richard Heart detained in Istanbul: reports
Turkish reports say $4 million and 64 watches were seized. Police have yet to confirm Heart’s detention.
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Standard Chartered pushes $2 trillion stablecoin market forecast to 2030 as supply growth stalls
Standard Chartered Bank has pushed its $2 trillion stablecoin market forecast to 2030 from 2028 because supply growth has stalled this year.
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StarkWare launches OffMarket to let Polymarket users trade more privately
StarkWare has opened OffMarket to the public, allowing Polymarket users to trade without publicly linking positions to their accounts.
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Strive buys $235 million in bitcoin as warrant exercises yield $369 million
Strive acquired 2,822 bitcoin for $235 million following $369.2 million in gross proceeds from traditional warrant exercises.
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BNY, Citadel Securities complete Treasury repo in first use of tokenized assets on major triparty platform
BNY and Citadel Securities completed the first tokenized U.S. Treasury repo workflow on a major triparty platform.
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Strategy’s preferred stock financing may cost it bitcoin, K33 argues
K33 argues Strategy could accumulate more bitcoin over time by relying on common stock issuance rather than preferred shares.
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DriveWealth to use Ripple’s RLUSD for stablecoin settlement, cross-border payments
DriveWealth will use Ripple's RLUSD on the XRP Ledger for stablecoin settlement, collateral funding and custody, starting in Europe.
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Polygon Labs completes Coinme acquisition, bringing regulated payments coverage across 48 US states
Polygon Labs completed its Coinme acquisition, bringing 37 state money transmitter licenses into its stablecoin payments infrastructure.
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Evernorth taps Ripple, Kraken, Coinbase and BitGo to put $648 million XRP treasury to work
Evernorth said it is planning a phased move into XRP lending and yield strategies following its Nasdaq debut.
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How Bitcoin Works
Bitcoin 201 examines Bitcoin as a secure monetary network. It follows the system from rule enforcement and monetary design through fees, privacy, scaling, security, governance, mining economics, energy use, Lightning, and long-term adoption.