Aave Labs buys Avon team in fixed-rate lending push
Aave Labs acquired the team and technology of Avon, an onchain fixed-rate and floating-rate lending protocol.
Latest from The Block
Headlines from leading crypto publishers, updated every 15 minutes. Each item shows a short summary from the publisher's own feed and links to the full original story. Our own reporting is in Latest news.
TeraWulf’s bitcoin mining revenue falls 69% as HPC leasing surges amid Anthropic buildout
TeraWulf reported $63 million in artificial intelligence-related quarterly HPC lease revenue, up 774% year over year.
Crypto ETFs see over half a billion dollars in outflows amid post-midterm market slide
U.S. spot crypto ETFs slumped back to net outflows on Thursday, with more than $540 million in withdrawals across major products.
Nigeria’s central bank introduces stablecoin licensing rules, bans algorithmic versions
Nigeria's central bank issued new virtual asset regulations requiring stablecoin issuers and other service providers to obtain local licenses.
Zcash’s major network upgrade NU7 goes live on mainnet, cutting block time by threefold
NU7 also activates the Network Sustainability Mechanism, which removes 60% of each block's transaction fees from circulation.
IREN’s bitcoin mining revenue drops 58% as firm plans full exit by year-end
IREN has been shifting its focus to the AI infrastructure business, and its AI cloud revenue rose 182% in the past quarter to $200 million.
Ark Invest buys more Coinbase as shares plunge 10% in wider market rout
Cathie Wood's Ark Invest bought $2.44 million worth of Coinbase on Thursday as the stock plunged 9.69% amid a broader sell-off.
Hyperliquid Strategies files to become CFTC-registered FCM, posts $13.3 million in quaterly revenue
Hyperliquid Strategies posted $13.3M in revenue and $620.6M net income, and filed with the CFTC to become an FCM for U.S. HIP-3 perp markets.
Bitcoin erases post-election gains as Wall Street selloff triggers over $1 billion in crypto liquidations
Bitcoin fell 6% to $75,700 and ether 7% as a Nasdaq selloff hit crypto, triggering $1.03 billion in liquidations.
Canary’s Injective ETF debuts on Nasdaq with exposure to staking rewards
Canary Capital's Staked INJ ETF debuts on Nasdaq, giving investors exposure to Injective's INJ token plus staking rewards reflected in NAV.
Anchorage Digital seeks CFTC swap dealer registration for crypto options business
Anchorage Digital has applied for CFTC swap dealer registration and plans to offer European-style bitcoin and ether options if approved.
Payward-affiliated fund and clients buy AAVE token stake on secondary market
Payward disclosed neither the size nor price of the AAVE purchases and said it may acquire more tokens.
Samsung Wallet launches USDC accounts on Solana for US Galaxy users
Samsung Wallet's Stablecoin Account is now live for eligible U.S. Galaxy users, allowing them to use USDC on Solana.
Eric Trump’s American Bitcoin swings to $126 million profit in Q3 on digital asset gains
American Bitcoin reported Q3 net income of $126 million, swinging from a $57.2 million net loss in the previous quarter.
The Digital Chamber calls Sherrod Brown’s win ‘most consequential unfavorable result’ for crypto
Democrats are set to reorient the crypto policy debate toward stronger consumer protections and regulatory accountability, the group said.
Democratic sweep of Congress forces crypto industry to rethink Washington strategy
After two years of a pro-crypto, pro-innovation climate in Washington, the digital asset industry faces a sharp political jolt.
Bitcoin rebounds past $80,000 as markets shrug off midterms and Binance hack
Bitcoin rose 3.5% to $80,500 and ether jumped 6% after Democrats won Congress, while Bitwise says the Binance hack had limited market impact.
French Hill’s race still too close to call as House flips, changing the direction of crypto legislation
As of Wednesday afternoon, House Financial Services Committee Chair French Hill's race for reelection is too close to call.
Coinbase says 99% of customer assets sit in cold storage after Binance’s $6.3 billion breach
Coinbase says 99% of customer assets are in cold storage and it wasn't affected by the $6.3 billion Binance hack.
Schroders launches tokenized emerging markets debt fund on Solana with Centrifuge
The $1 trillion-plus asset manager brings its emerging markets bond strategy to Solana, expanding the range of onchain actively managed funds.
DeFi Explained
DeFi 201 explains decentralized finance as a connected protocol system. It follows how DEXs and AMMs, liquidity pools, lending markets, yield aggregators, oracles, derivatives and DAO governance fit together, and where composability creates systemic risk.
Morgan Stanley among first banks to tokenize US equities, Treasurys through DTCC’s service
Morgan Stanley said it converted US equities and Treasurys into tokenized form through DTCC's new tokenization service.
Former Sen. Sherrod Brown defeats Jon Husted, dealing a blow to crypto PAC Fairshake
Former Democratic Sen. Sherrod Brown is taking back his spot in the Senate, leaving crypto political action committee Fairshake with the bag.
South Korea’s ruling party formally proposes deferral of crypto income tax
The party leader stated that the country should first enact the Digital Asset Basic Act, a comprehensive legal framework for crypto.
SEC division views Canton Coin as digital commodity in no-action letter
SEC's Division of Corporation Finance won't recommend enforcement over Canton Coin's programmatic issuance, calling CC a digital commodity.
CZ calls for crypto security alliance as AI-driven attacks accelerate after Binance hack
In his first interview since the Binance hack, Changpeng Zhao says AI is accelerating cyberattacks and calls for industry security alliance.
CFTC approves individual stock perpetual futures trading in US for the first time
The CFTC approved the ability for exchanges in the U.S. to offer perpetual futures contracts tied to individual stocks.
Binance says hackers used fake job interview, internal AI tool in $6.3 billion breach
Binance's incident report said hackers used a fake job interview and an internal AI tool to gain access to systems involved in the theft.
Ethereum Layer 2 Aztec gets Tierra V6 upgrade to support faster private apps
Aztec Foundation has rolled out Tierra V6, saying it fixes earlier security issues and doubles the speed of private transaction proof generation.
Liquid Network restores full bitcoin backing following $320 million exploit
Liquid Network said its bitcoin reserves are back to full backing after September's exploit, with Blockstream providing the funds.