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The Daily: Jefferies strategist drops 10% bitcoin allocation over quantum fears, Google Play bans overseas crypto exchanges in South Korea, and more
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Tom Lee's BitMine pushes Ethereum into $8 billion staking backlog
New validators now need to wait more than 44 days to start earning staking rewards, the biggest backlog since late Ju…
X users celebrate crackdown on ‘plague’ of AI-led reply spam as InfoFi platforms seek alternatives
X is revising its developer API policies to no longer allow apps that reward users for posting on the social media pl…
Jefferies’ Wood drops 10% bitcoin allocation over quantum computing fears
Wood removed bitcoin from his model portfolio, reallocating the 10% stake into gold and gold-mining stocks amid quant…
Jefferies strategist Christopher Wood swaps bitcoin for gold on quantum computing concern
Christopher Wood, Jefferies' global head of equity strategy, swapped a 10% bitcoin allocation with gold on concern qu…
Iran’s crypto ecosystem nears $8B as IRGC footprint grows and bitcoin withdrawals surge during protests: Chainalysis
Chainalysis said Iran’s crypto ecosystem topped $7.78 billion in 2025 as IRGC-linked activity grew and BTC withdraw…
Goldman Sachs CEO says firm is actively exploring tokenization and prediction markets amid evolving US regulation
Goldman Sachs CEO David Solomon said the firm is devoting significant resources to tokenization, stablecoins, and pre…
Utah man sentenced to three years for fraud, $5.4 million cash-to-crypto scheme
Brian Garry Sewell sentenced to three years for defrauding investors of $2.9 million and laundering $5.4 million.
More people are using Ethereum for the first time, data shows
The rise in new wallets suggests broader interest in Ethereum, driven by decentralized finance, stablecoin transfers,…
South Korea approves tokenized securities framework in key legislative hearing
The Boston Consulting Group forecasts that the South Korean token securities market will grow to be worth $250 billio…
Tokenization firms reject Coinbase's crypto bill equities claims
While Coinbase said that the crypto market structure bill would essentially ban tokenized securities, companies in th…
Cake wallet adds Zcash support as it expands beyond its Monero roots
Cake offers a suite of privacy tools, including Bitcoin PayJoin transactions, though it is often associated most with…
Interactive Brokers unlocks 24/7 funding with USDC, plans to rollout Ripple and PayPal stablecoins next week
The integration is powered by Zerohash, a B2B crypto and stablecoin infrastructure provider backed by Interactive Bro…
The Daily: Bank of America’s $6T stablecoin warning, BitMine’s $200M MrBeast investment, X’s InfoFi policy change hits Kaito token, and more
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Goldman is 'spending a lot of time' on crypto, prediction markets efforts, CEO Solomon says
The firm is exploring how these technologies can fit into its business and has met with prediction market platforms.
Coinbase fears tokenization rival Securitize, says Citron Research
Tokenization platform Securitize is going public — as soon as the first half of 2026 — through a SPAC deal with C…
Kaito token plummets after X revises API policies to ban ‘infofi’ crypto projects
Infofi has led to a "tremendous amount of AI slop & reply spam" on the X platform, the firm's product lead said.
Stablecoins and self-custody are driving the rise of crypto neobanks
For years, crypto’s most ambitious builders focused on blockchains’ plumbing. But a growing number of projects ar…
Fogo launches high-speed blockchain mainnet after $7 million Binance token sale
Fogo aims to achieve 40-millisecond block times, making it “up to 18x faster” than rival throughput-maxing networ…
Post-quantum crypto startup Project Eleven raises $20 million in funding round
The Series A round was led by Castle Island Ventures with participation from Coinbase Ventures.
Figure joins stock tokenization race with new trading platform backed by BitGo, Jump
The blockchain lender's new OPEN platform hosts equities registered natively onchain, bypassing DTCC and allowing DeF…
Critical tokenization infrastructure provider Alpaca raises $150 million Series D, pushing valuation to $1.15 billion
Alpaca says it powers 94% of all tokenized U.S. equities and ETFs, working with leading RWA projects Dinari, Ondo Fin…
Sui Layer 1 stalls for hours as developers rush to restore network
Sui core developers said the high-throughput Layer 1 is “currently experiencing a network stall,” in a post on X.
Figure unveils onchain equity network aimed at remaking stock trading and lending
Figure’s OPEN platform is designed to handle issuance, settlement, and stock lending onchain, instead of replicatin…
The Protocol: Vitalik Buterin flags stablecoin design flaws
Also: Zcash token falls after developer quits, Smart Cashtags and BTC quantum computing defense
Project Eleven raises $20 million Series A at $120 million valuation to prepare crypto networks for post-quantum threats
The startup is building tools to help secure crypto networks such as Bitcoin against emerging threats from quantum co…
Blockchain lender Figure named 2026 'top pick' by Wall Street analyst
The Wall Street broker said that the regulatory momentum and a volatile banking backdrop are amplifying demand for Fi…
Paradigm leads $7.1 million seed round for attention market Noise ahead of Base mainnet launch
Noise is building a prediction market for the relevancy of social media topics, similar to "a stock market for trends."
Algorand Foundation returns to U.S. amid friendlier crypto regulation under Trump
The blockchain nonprofit is moving its base of operations back to the United States and has appointed a new board to …
‘Surreal moment’: Polymarket CEO touts prediction platform’s ‘most mainstream integration’ at Golden Globes
The 2026 edition of the Golden Globes was broadcast Sunday night on CBS and featured several prediction markets from …