Latest

• Apr 14, 12:29 PM Avalon Labs

  Bybit integrates Avalon to expand Bitcoin yield opportunities through CeDeFi bridge

  Bybit has partnered with Avalon to incorporate a CeDeFi protocol into Bybit Earn, allowing users to generate yield on Bitcoin. Avalon utilizes a 1:1 Bitcoin-pegged token for fixed-rate borrowing, operational on the Mantle and Antalpha Prime platforms. The tokens are subsequently bridged onto Ethereum and other blockchains. This integration facilitates a bridge from CeFi to DeFi, leveraging assets in high-yield strategies managed by Ethena Labs' protocols.

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• Apr 14, 11:41 AM The Block

  JPMorgan expands blockchain payment services to include GBP

  JPMorgan's blockchain division, Kinexys, has launched British pound-denominated blockchain deposit accounts in the UK, expanding its real-time settlement service to include the pound alongside existing euro and dollar functionalities. This enhancement facilitates 24/7 cross-border transactions and foreign exchange with more flexible FX settlement times. Kinexys has grown significantly since its inception, processing over $1.5 trillion in transactions, with corporate clients like LSEG's SwapAgent and commodities firm Trafigura among the initial users of the new GBP service.

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• Apr 14, 10:25 AM The Block

  Crypto funds see $795 million in outflows amid Trump tariff turmoil, reports CoinShares

  Global crypto investment products saw net outflows of $795 million last week, driven by negative sentiment from tariff policies by President Trump, as reported by CoinShares. These outflows have cumulatively reached $7.2 billion since early February, nullifying most gains from the beginning of the year. Despite these challenges, a late-week surge in prices pushed the total crypto assets under management to $130 billion, an 8% increase. US investors led the outflows, particularly in bitcoin-focused and Ethereum-based products.

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• Apr 13, 6:53 PM Bitcoin Sistemi

  Mantra token price plunges 77% on Binance due to mass sell-off by key holders

  The Mantra (OM) token listed on Binance experienced a sudden price drop of 77%. This significant decline was attributed to a selling spree by a manipulative group that held a large share of the tokens.

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• Apr 13, 5:52 PM The Block

  CryptoPunk seller pleads guilty to tax evasion on $13M in NFT profits

  Waylon Wilcox of Dillsburg, Pennsylvania, has pleaded guilty to tax evasion charges for not reporting over $13 million earned from the sale of 97 CryptoPunk NFTs. The US Attorney's Office for the Middle District of Pennsylvania highlighted that Wilcox avoided nearly $3.3 million in taxes, marking a significant case in US law concerning NFT-related tax evasion. The IRS emphasizes the importance of reporting virtual currency transactions, with CryptoPunk sales now scrutinized in this light.

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• Apr 12, 1:01 PM Decrypt

  Lomond School in Scotland to accept Bitcoin payments and considers BTC reserve

  Lomond School in Helensburgh, Scotland, will become the first UK school to accept Bitcoin as payment, addressing requests from local and international parents. The school plans to incorporate Bitcoin in phases and convert it to pound sterling to manage risks, ensuring compliance with UK financial regulations. Additionally, Lomond School may establish a Bitcoin asset reserve if the cryptocurrency gains wider acceptance in the UK and globally.

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• Apr 11, 8:20 PM The Block

  SEC crypto task force roundtable signals regulatory shift as Uyeda backs innovation-first approach

  The US Securities and Exchange Commission (SEC), under Acting Chair Mark Uyeda, is exploring temporary regulatory measures to encourage blockchain innovation in the US. This approach marks a shift from the stricter oversight under former Chair Gary Gensler. The discussions occurred during a roundtable hosted by the SEC's crypto task force, which included major industry players like Uniswap Labs, FalconX, Coinbase, and representatives from traditional financial institutions. The SEC's evolving stance comes ahead of Paul Atkins taking over as Chair, indicating potential for a more crypto-friendly regulatory environment.

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• Apr 11, 5:37 PM The Block

  SEC allows McDonald's to dismiss Bitcoin treasury proposal by conservative shareholders

  McDonald's chose not to discuss a proposal from the National Center for Public Policy, a conservative think tank and McDonald's shareholder, to buy Bitcoin after the US Securities and Exchange Commission supported the company's right to exclude the topic from its annual shareholder meeting. This decision reflects McDonald's lack of interest in altering its investment strategy to include Bitcoin despite the trend among some companies to add crypto to their balance sheets.

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• Apr 11, 4:42 PM The Block

  Bitcoin rises 4% as US inflation data bolsters market optimism

  Recent US macroeconomic data revealing a decline in both the Producer Price Index (PPI) and Consumer Price Index (CPI) has spurred a 4% increase in Bitcoin prices to $82,500. Supplements from the Bureau of Labor Statistics indicated reductions in PPI by 0.4%, with core PPI dropping 0.1%, both lower than anticipated. This decrease in inflation rates has led to market optimism, promoting a broad recovery in crypto markets, with notable gains in major altcoins like Ether, Solana, and Cardano. Analysts, however, caution that cryptos' sensitiveness to geopolitical and economic headlines could affect this resurgence, as they keep an eye on US Treasury market conditions and ongoing US-China tariff tensions.

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• Apr 11, 10:04 AM The Block

  DOJ memo on crypto non-prosecution does not affect Do Kwon case, say US prosecutors

  US prosecutors confirmed that the recent memo from Deputy Attorney General Todd Blanche, which advocates against prosecuting crypto firms under certain conditions, will not influence the charges against Terraform Labs founder Do Kwon. Despite the DOJ's broader move to refrain from crypto-related prosecutions, Kwon's charges remain unchanged and his trial is set to proceed, with the next pre-trial conference scheduled for June 12, 2025. Kwon faces various charges, including commodities fraud and money laundering, with a potential maximum sentence of up to 130 years if convicted.

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• Apr 10, 9:21 PM The Block

  SEC dismisses claims against Nova Labs related to Helium Network

  The US Securities and Exchange Commission has dropped its claims against Nova Labs, stating that the firm's sale of hardware and distribution of tokens used for network growth does not constitute unregistered securities. This decision marks a significant development for the Helium community and the broader crypto industry, effectively clearing legal uncertainties for crypto projects involved in building real-world infrastructure through DePIN models.

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• Apr 10, 12:30 PM Bloomberg

  US inflation shows slowdown in March ahead of new tariff challenges

  US core inflation rose by only 0.1% from February to March 2025, marking the least increase in nine months, while the general consumer price index decreased by 0.1%, the first drop in nearly five years. Annually, core CPI experienced a 2.8% increase, the smallest rise in nearly four years. Notable contributors to the slowdown included reduced prices for energy, used cars, and airfares. This inflation relief occurs amidst new expansive tariffs imposed by the US, which could soon pressure consumer prices further.

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• Apr 10, 12:00 PM Nasdaq

  Nasdaq seeks to list VanEck's Avalanche ETF for AVAX exposure

  Nasdaq has submitted a filing to the US Securities and Exchange Commission to list and trade shares of VanEck's Avalanche ETF. This ETF aims to provide regulated access to Avalanche's native token, AVAX, through conventional brokerage accounts. VanEck's initiative is part of its ongoing effort to expand its suite of crypto investment products, despite the current regulatory uncertainty and market volatility surrounding altcoins like AVAX.

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• Apr 9, 8:29 PM The Block

  BlackRock, Grayscale, and Bitwise win SEC approval for Ethereum ETF options

  The US Securities and Exchange Commission has granted approval for options trading on spot Ethereum exchange-traded funds (ETFs). This includes options trading for iShares Ethereum Trust by Nasdaq, and options on the Bitwise Ethereum ETF, Grayscale Ethereum Trust, and Grayscale Ethereum Mini Trust by NYSE American. This regulatory advancement follows the launch and success of spot Ethereum ETFs and is seen as a precursor to further product development in the crypto ETF sector.

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• Apr 9, 2:17 PM The Block

  Ethereum Foundation's Virgil Griffith released from prison on parole

  Virgil Griffith, a former Ethereum Foundation developer known for his early contributions to the Ethereum Name Service, has been released from prison on parole. Previously, in 2021, Griffith pleaded guilty to US sanctions violations related to a presentation he gave in North Korea on using crypto and blockchain technology to evade sanctions. Originally sentenced to 63 months in 2022, his sentence was later reduced to 56 months by US District Judge Kevin Castel in July 2024.

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