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The Block

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Crypto.com CEO Kris Marszalek bought AI.com for $70 million in crypto, plans Super Bowl debut
The sale is the largest reported domain name transaction in history, and the $70 million sum was paid entirely in crypto. ...

Jack Dorsey’s Block looking to cut up to 10% of workforce in latest efficiency push: Bloomberg
The cuts come less than a year after the company laid off 931 employees in March 2025, and ahead of its Q4 earnings report on Feb. 26. ...

CoinShares says only 10,200 BTC face real quantum risk, pushing back on ‘overblown’ estimates
CoinShares said quantum computers would have to become 100,000 times more powerful, which could take a decade of scientific progress, to break Bitcoin. ...

Teens face felony charges after 600-mile drive to allegedly attempt a $66 million crypto robbery: reports
The 16-year-old alleged perpetrator reportedly told police that he and his accomplice were coerced into committing the crime by unknown parties on Signal. ...

Bitcoin mining difficulty drops 11% in largest negative adjustment since China’s 2021 ban
The network's hashrate has dropped about 20% over the past month as bitcoin's price collapsed and Winter Storm Fern forced widespread miner shutdowns....

Kalshi says NBA star Giannis Antetokounmpo’s stake is below 1%; controversial deal was signed Thursday
A 1% stake in Kalshi is worth $110 million based on the company's latest $11 billion valuation, but Kalshi did not disclose the exact size of the deal. ...

ENS Labs scraps Namechain L2, shifts ENSv2 fully to Ethereum mainnet
ENS Labs is canceling the launch of the Namechain Layer 2, which began development in 2024 to support the forthcoming ENSv2 update....

Analysts see 400% upside for GEMI as Gemini’s overseas exit may speed profitability
Mizuho sees prediction markets and institutional custody as key businesses for Gemini to stabilize revenue beyond spot trading cycles....

MegaETH Foundation to use USDM stablecoin revenue to fund MEGA token buybacks
The MegaETH Foundation will use revenue earned from the protocol’s native stablecoin USDM to accumulate MEGA tokens....

The Daily: Strategy’s safe unless BTC falls to $8K, Charles Hoskinson’s down over $3B in crypto, Bithumb mistakenly sends bitcoin to users, and more
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons. ...