The Block

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The Block

The first and final word in digital assets

Brooklyn man indicted for allegedly stealing $16 million from Coinbase users through phishing scheme
The defendant reportedly told friends he lost $6 million gambling on crypto, and went by "@lolimfeelingevil" on Telegram. ...

Crypto trader loses $50 million in address poisoning attack, offers $1 million bounty for return
The victim of a similar $71 million address poisoning attack in 2024 managed to recover nearly all available funds, lending hope to the scam's latest victim. ...

CryptoQuant says bear market has started, sees bitcoin downside risk to $70,000
CryptoQuant sees bitcoin downside risk toward around $70,000, and said it could fall as low as $56,000 if the downtrend continues....

Crypto’s Capitol Hill champion Sen. Lummis says she won’t seek re-election
Sen. Cynthia Lummis — a leading force behind efforts to pass sweeping crypto legislation — said she will not seek reelection....

Coinbase says Trump’s Big Beautiful Bill could push gamblers into arms of prediction markets
The company has recently become more active in prediction markets space including a partnership with Kalshi....

SEC seeks multi-year officer, director bans for former Alameda CEO Ellison and former FTX execs Wang and Singh
The SEC looks to bar Caroline Ellison and former FTX executives Gary Wang and Nishad Singh from being directors for several years....

Fed seeks public input on ‘skinny master account’ for limited access to the central bank
The Federal Reserve is seeking public feedback on a proposed “payment account” — informally dubbed a “skinny master account."...

DraftKings launches standalone predictions app under CFTC oversight
DraftKings can offer event contracts in states that still prohibit online sports betting, expanding reach without changing state gaming laws....

Weekly Hyperliquid outflows top $430M as Lighter and Aster tighten perp DEX competition: Dune
Hyperliquid has posted more than $430 million in weekly outflows as competition from fast-growing rivals Lighter and Aster intensifies....