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The Daily: Wall Street shrugs off Coinbase news as stock snaps back, bitcoin corporate accumulation race expands to Brazil, and more
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Federal prosecutors charge 12 individuals in $263 million crypto scheme targeting early Genesis investor
The defendants allegedly spent $4 million at nightclubs and $9 million on exotic cars, among other luxury items, pros…
The Daily: Coinbase battles extortion attempt as data breach costs could hit $400 million, JPMorgan sees more upside for bitcoin than gold, and more
Never miss a beat with The Block's daily digest of the most influential events happening across the digital asset eco…
FTX to begin $5 billion in creditor payouts May 30 under bankruptcy plan
Bankrupt crypto exchange FTX will disburse more than $5 billion to creditors beginning May 30 via distribution partne…
France’s interior minister to meet with crypto leaders after wave of violent ‘wrench attacks’
There have been at least five attempted assaults on public and private crypto figures in France, out of 25 reported i…
Coinbase estimates $180M to $400M in costs tied to customer data breach: filing
Coinbase confirmed that cyber criminals bribed some of its offshore customer service representatives to obtain user d…
Coinbase offers $20 million bounty on data thieves who tried to extort exchange
Data thieves demanded $20 million from Coinbase to not publish stolen customer data. The company has now offered the …
Smart wallet adoption surges with over 11,000 EIP-7702 authorizations on Ethereum within a week of Pectra upgrade
Over 11,000 EIP-7702 authorizations occurred within a week of Pectra's launch, indicating healthy uptake by wallets a…
World’s largest illicit online marketplace Haowang shuts down after Telegram intervention
Blockchain analytics firm Elliptic said Haowang processed over $27 billion in USDT transactions that facilitated ille…
MetaMask co-founder Dan Finlay says token is still a ‘maybe’
“If we ever do it, it'll be advertised directly in the wallet. You'll be able to find a link directly in the wallet…
JPMorgan, Chainlink and Ondo Finance test cross-chain settlement of tokenized treasury fund
JPMorgan's blockchain unit Kinexys, Chainlink and Ondo Finance teamed up to test cross-chain settlement of a tokenize…
Ethereum Foundation launches ‘Trillion Dollar Security’ initiative to upgrade blockchain resilience
The Ethereum Foundation's “Trillion Dollar Security” program aims to bolster the network to securely support glob…
Paris police hunt armed suspects after attempted kidnapping of crypto entrepreneur’s daughter, grandchild
The news marks the fifth known "wrench attack" in France since the start of the year amid a rising trend of physical …
Curve Finance’s front-end targeted in DNS attack on website
DeFi DEX Curve Finance alerted users to a DNS exploit on its website, its second domain issue in three years.
Ledger restores control of Discord after hacker compromised moderator account
Some Ledger customers recently received physical scam letters requesting their seed phrase in another malicious attack.
Two Floridian 16-year-olds face 22 felony counts after $4 million crypto kidnapping, theft
One of the teens has retained a high-profile defense attorney, court records show, while another teen reportedly fled…
The Daily: Bitcoin retakes $100K, Coinbase drops $2.9B on Deribit, Trump fumes over XRP crypto reserve post, and more
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Skale launches BITE Protocol to eliminate malicious MEV attacks
BITE encrypts data to prevent MEV bots from front-running, sniping or excluding transactions for their personal gain.
Superstate unveils ‘Opening Bell’ to bring SEC-registered equities onchain, starting with Solana
Superstate was among several firms to propose an SEC-backed framework to bring Wall Street stocks to the blockchain.
‘Don’t do crime, crime is bad’ — Hack on ransomware gang LockBit exposes 59,975 Bitcoin addresses and thousands of victim negotiations: report
Ransomware gang LockBit, known for demanding cryptocurrency payments, has been hit by a data leak of its own followin…
G7 leaders weigh discussing North Korean crypto hacks in June summit: Bloomberg
North Korea was behind some of the largest crypto heists in history, including the $1.4 billion exploit on Bybit exch…
Nasdaq-listed Bitcoin miner Core Scientific nets $580 million in Q1 profit, largely driven by mark-to-market warrant adjustments
Core Scientific saw net income spike to $580.7 million in Q1 2025, more than doubling its $210.7 million profit durin…
Galaxy Digital taps Zodia Custody to expand staking services in Europe
Staking represents a growing business line for the crypto conglomerate, which now manages nearly $5 billion worth of …
Russia seen as largest Bitcoin mining beneficiary if Trump’s tariffs hit in full, industry expert says
While Bitcoin mining equipment manufacturers are beginning to increase U.S.-based production, it could take years to …
Benchmark calls Canaan a ‘potent long-term play’ in bitcoin mining, sets $3 price target
The thesis rests on Canaan’s vertically integrated model, combining high-performance ASIC development with the expa…
Tari, privacy-focused network from early Monero contributors, launches mainnet to open mining to all
The network, which is merge-mined with Monero, provides an easy way for users to earn XTM tokens using "consumer-grad…
Binance founder CZ says bitcoin could hit $500,000 to $1 million this cycle
Binance founder Changpeng Zhao also commented on memecoins, saying 99.99% of them will fail and that they distract fr…
Riot Platforms sells mined bitcoin for first time since January 2024, nets $38.8 million
Riot Platforms sold 475 BTC in April, its first major bitcoin sale since January 2024, generating approximately $38.8…
The Funding: Why Bittensor (TAO) is drawing in crypto investors
Bittensor's TAO token has gained about 60% in the past month. Why is crypto suddenly paying closer attention?
Pectra release on Gnosis Chain bodes well for major Ethereum hard fork next week, says Safe’s Meissner
Ethereum's next biggest hard fork was delayed multiple times after testing issues on the Sepolia and Holesky testnets.