The Block

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The Block

The first and final word in digital assets

Wallet provider Exodus reports $11 million in 2025 net loss despite record revenue
The loss was largely attributed to the general crypto market decline, alongside rising operational expenses....

Prosecutors move to block Sam Bankman-Fried’s request for retrial
US prosecutors said that Sam Bankman-Fried's motion failed to present any legitimate newly discovered evidence....

Bonk.fun’s official website hijacked, draining user funds upon interaction
A Bonk operator said hackers set up a faulty terms-of-service message, but noted that losses from the security breach were minimal....

Optimism’s OP Labs cuts 20% of staff to ‘do fewer things well’
OP Labs CEO and Optimism co-founder Jing Wang clarified that the layoffs were not driven by financial difficulties....

Trump’s crypto advisor says stablecoins will drive global deposits into US banking system
Patrick Witt, the White House crypto advisor, said GENIUS-compliant stablecoins will 'actually lead to deposit inflows.'...

Metaplanet launches VC and asset management subsidiaries, bets on Japanese stablecoin JPYC
The venture capital arm will deploy 4 billion yen ($25 million) over the next few years to local bitcoin infrastructure firms....

SEC and CFTC commit to work together on crypto policy and introduction of new products
The agencies have agreed to collaborate in a manner that fosters innovation, including crypto regulation and new digital asset products....

Ripple launches $750 million share buyback at $50 billion valuation
Ripple has launched a share buyback of up to $750 million at a $50 billion valuation, a source told The Block....

Binance.US hires new CEO as exchange pursues growth in ‘crypto capital of the world’
Binance and its founder and ex-CEO Zhao now maintain a rehabilitated relationship with the American government....