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The Block

The Block is a crypto news publisher. This page aggregates all articles ingested into COINOTAG. Visit the original source via the link below.

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· The Block Editorial

ECB warns EU finance ministers that easing euro stablecoin rules would weaken banks: Reuters

ECB President Christine Lagarde warned the changes would destabilize bank funding and weaken interest-rate transmission.

· The Block Editorial

FTX's former law firm, auditor agree to pay $66 million to settle customer claims over fraud

The law firm, Fenwick & West, denied wrongdoing and still faces a separate $525 million suit in Washington that is not covered by Friday's deal.

· The Block Editorial

Spot bitcoin ETFs shed $1.26 billion in worst week since late January as ether funds see 10-day outflow streak

BlackRock's IBIT now holds $61.1 billion in net assets against $64.8 billion in cumulative inflows, a difference of roughly $3.7 billion.

· The Block Editorial

New strategic bitcoin reserve bill drops 1 million BTC purchase target, adds 20-year lockup period

The bill would require quarterly public proof-of-reserve disclosures and third-party audits of government bitcoin holdings.

· The Block Editorial

SEC delays tokenized asset exemption amid concerns over third-party tokens: Bloomberg Law

The SEC has delayed its plan for an anticipated exemption that would clarify the agency's stance on tokenized assets, Bloomberg Law reported.

· The Block Editorial

Ripple, North Island Ventures back $6 million round for cross-chain platform Squid

Squid is preparing to launch a new consumer product aimed at making it easier to access and manage crypto assets, Fig told The Block.

· The Block Editorial

NEAR token jumps 30% amid AI hype, Arthur Hayes endorsement and scaling plans

The prominent crypto investor Arthur Hayes described NEAR, HYPE and ZEC as “the holy trinity” of altcoins.

· The Block Editorial

OKX, ICE partner on oil perps as NYSE-parent pressures US regulators to rein in Hyperliquid

OKX's oil perps contracts will track Intercontinental Exchange's Brent Crude and WTI Crude energy benchmarks.

· The Block Editorial

Binance disputes latest WSJ report on alleged Iran-linked transactions

WSJ reported Iranian financier Babak Zanjani allegedly moved $850 million through Binance, which CEO Richard Teng said was mischaracterized.

· The Block Editorial

House Oversight chair launches probe into insider trading on Kalshi and Polymarket

House Oversight Chairman Comer probes insider trading on Kalshi and Polymarket, sending letters to both CEOs with a June 5 document deadline.

· The Block Editorial

'No longer a distant place': F2Pool Co-founder Chun Wang joins SpaceX's 2-year mission to Mars

Wang will board Starship on a two-year mission that will explore outside the Earth-Moon system and conduct a fly-by of Mars.

· The Block Editorial

ZachXBT flags suspected exploit involving Polymarket's UMA adapter contract on Polygon

Onchain sleuth ZachXBT flagged a potential exploit of Polymarket's UMA CTF Adapter on Polygon, with $520K reportedly drained so far.

· The Block Editorial

Verus bridge exploiter returns 4,052 ETH, retains $2.8 million bounty: onchain analyst

An attacker transferred 4,052.4 ETH worth $8.5 million back to Verus on Friday after the team proposed a bounty framework.

· The Block Editorial

Polymarket eyes Japan market entry, appoints regional representative: Bloomberg

The prediction markets platform aims to secure regulatory authorization to operate in Japan by 2030, according to Bloomberg.

· The Block Editorial

South Korea to review scrapping crypto tax plan after national petition hits 50,000 signatures

The petitioner said taxing cryptocurrency gains while abolishing taxes on traditional investments is unfair.

· The Block Editorial

Ark Invest buys another $5 million in Bullish shares as stock slides 3%

Ark Invest bought a total of 139,117 shares of Bullish, worth about $5 million, across three of its ETFs on Thursday.

· The Block Editorial

Ethereum Layer 2 Zero Network to wind down, joining string of protocols shuttering operations

Resources will be redirected to focus on growing Zerion's API and wallet service, the team said in a Thursday statement.

· The Block Editorial

Galaxy's Novogratz and BitGo face off in court over $100 million claim: Bloomberg

In 2022, Galaxy said it was abandoning its acquisition plan due to BitGo's 'failure to deliver ... audited financial statements for 2021.'

· The Block Editorial

Coinbase introduces thematic perps tracking China, AI and US national security equity indexes

The contracts are based on MarketVector’s existing AI, defense and China indexes that track the 10 largest companies per sector.

· The Block Editorial

Former EF developer Dankrad Feist suggests $1 billion raise to form new Ethereum advocacy group

The Ethereum Foundation is a non-profit stewarding the development of the world's second-largest blockchain.

· The Block Editorial

CLEAR token tanks 48% as Everclear winds down protocol, foundation and labs unit

Everclear achieved $500 million in monthly volume, but "never developed the commercial depth," the team said on Thursday.

· The Block Editorial

JPMorgan says tokenized money market funds unlikely to grow beyond 15% of stablecoin market

Tokenized money market funds offer yield but still account for only around 5% of the stablecoin market, JPMorgan analysts said.

· The Block Editorial

Chainlink, Anchorage-backed PAC names first bipartisan endorsements in 2026 midterm cycle

A newly formed political action committee released its first batch of endorsements as midterm elections begin to take shape.

· The Block Editorial

HYPE token sets new record high above $60 amid rising Wall Street demand for Hyperliquid

Of note, Grayscale-linked wallets reportedly accumulated over $40 million worth of HYPE over the past week.