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The Block

The first and final word in digital assets
Kraken buys token vesting platform Magna, which hit peak TVL of $60 billion in 2025
Kraken acquired the token management platform Magna, marking the exchange’s sixth acquisition over the past 12 months....
Toncoin-focused treasury company AlphaTON agrees to sell cancer treatment subsidiary
Immunova is exercising a call option to acquire iOx Therapeutics Limited, a wholly owned AlphaTON subsidiary that develops cancer treatments....
Activist investor Starboard says Riot AI pivot could be worth up to $21 billion as miner lags peers
Starboard argues Riot’s Texas power assets position the company to secure large AI data center tenants if management accelerates deal execution....
XRP Ledger activates ‘members-only’ DEX upgrade aimed at regulated institutions
XRP Ledger has rolled out a “Permissioned DEX” upgrade allowing regulated institutions to operate gated, members-only onchain trading venues....
Hyperliquid Foundation sets up DeFi policy advocacy group with $29 million HYPE token donation
The independent research and advocacy organization will be dedicated to ensuring that DeFi can flourish in the U.S., according to Hyperliquid....
First spot SUI ETFs debut as Canary Capital and Grayscale launch funds with staking
Two spot SUI exchange-traded funds hit the market on Wednesday, offering investors direct exposure to the token's price....
Brevan Howard crypto fund posts 30% loss in 2025, worst year since launch: FT
Brevan Howard’s BH Digital Asset fund fell 29.5% in 2025, its worst performance since the crypto-focused fund's 2021 launch....
Bitwise seeks SEC nod for 2028 election prediction market ETFs as Wall Street pushes to wrap bets
Bitwise filed for prediction market ETFs tied to the 2028 U.S. presidential election amid state regulatory scrutiny on the sector....
Bitcoin approaches ‘late bear market territory’ as regime signals echo 2022 bottom, K33 says
Defensive sentiment, falling leverage, and declining ETF exposure suggest the market may be near a bottom, K33 said....
DeFi lending protocol Moonwell hit with $1.8 million bad debt after oracle misconfiguration
Moonwell confirmed roughly $1.8 million in bad debt after a misconfigured oracle priced cbETH incorrectly and triggered liquidations....
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