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The Block

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19 current headlines from The Block.

Crypto longs lose $404 million in four hours as bitcoin briefly slips below $80,000

Spot bitcoin ETFs lost $773 million on Thursday and Friday after three days of net inflows, per SoSoValue data.

17h ago

Argentine judge clears Milei and 10 others in LIBRA case, finding no ‘criminally relevant deception’

The judge's 60-page ruling concluded Argentine President Javier Milei's post promoting the LIBRA token did not, by itself, establish fraud.

18h ago

Netanyahu seeking blockchain plan to prepare for possible sanctions

Netanyahu says blockchain could help Israel prepare for possible sanctions targeting its banking system.

1d ago

Sen. Blumenthal seeks answers from Tether over payments to firm founded by ex-White House crypto adviser

Sen. Blumenthal said he wants answers from Tether following reports that it paid millions to a firm started by a former WH crypto adviser.

1d ago

Initia halts network after security incident as attacker reportedly mints tokens

Onchain data shows a $2.7 million ether transfer as Initia investigates the scope of a security incident.

1d ago

Phantom rolls out Kalshi prediction markets to US users, says it’s ‘confident and comfortable’ amid state lawsuits

Phantom users will fund trades with CASH stablecoins, with market restrictions applied in Michigan, Nevada and Washington.

1d ago

Singapore, Malaysia and Thailand central banks expand cross-border stablecoin initiative involving Ripple, Visa and Mastercard

Malaysia and Thailand have joined Singapore's BLOOM initiative for cross-border stablecoin and tokenized deposit settlement.

1d ago

Bitcoin ETFs swing back to net outflows as $636 million in withdrawals erase previous day’s inflows

BlackRock's IBIT led Thursday's net outflows with $254.1 million, while four other funds also witnessed withdrawals.

1d ago

New York seeks over $1.3 billion from NovaTech founders after couple fled the US

New York wants $1.3 billion from NovaTech's founders, whose platform took in $1.16 billion and traded a fraction of it.

2d ago

South Korea to amend forex law to regulate stablecoins as payment instruments: report

South Korea is currently developing the Digital Asset Basic Act, which seeks to establish a comprehensive framework for crypto.

2d ago

HSBC rolls out its first HKD stablecoin RedCoin to retail users

PayMe users will be able to activate a stablecoin wallet in-app in the coming days for peer-to-peer and peer-to-merchant payments.

2d ago

Chainlink partners with LG CNS to drive Korean won stablecoin expansion

LG CNS is set to integrate Chainlink's cross-chain, data, and orchestration infrastructure into its digital asset platform.

2d ago

Bitcoin slides below $81,500 as tech stock sell-off spreads to Asian equities

The Wall Street sell-off extended to Asian equities on Friday morning, with South Korea's Kospi down 2.3% and Japan's Nikkei 225 down 1.6%.

2d ago

JPMorgan says crypto regulatory moves partly offset Clarity Act failure, but risks remain

JPMorgan said actions by U.S. regulators partly offset the Clarity Act setback, but longer-lasting rules are still needed.

2d ago

Blockchain Association pushes for crypto tax clarity as broader bill stalls

As progress stalls on a crypto bill, the Blockchain Association is urging Congress to pass legislation to resolve uncertainty around taxes.

2d ago

Coinbase Ireland fined $3.6 million over customer fund segregation, oversight failures

Coinbase Ireland fined $3.6 million for safeguarding breaches that left customer funds underfunded and mixed with group accounts.

2d ago

Uniswap’s aggregator hooks go live on Ethereum, Base and Robinhood Chain

Uniswap Labs has launched aggregator hooks, allowing Uniswap v4 to route trades through liquidity held on external platforms.

2d ago

Fireblocks denies report of $2.5 billion acquisition talks with Visa

Fireblocks denied an Axios report that Visa is in talks to acquire the crypto custody firm for around $2.5 billion.

2d ago

Dune launches onchain trading data feeds as tokenized markets expand

The new real-time market feeds will cover trade data from over 200 onchain venues across 12 blockchain networks.

2d ago