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Timmy Shen
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Timmy Shen
ICYMI: Here’s a quick news wrap from the weekend at The Block 💸 U.S. spot bitcoin ETFs shed $1.26 billion last week in their worst weekly outflows since late January, while spot ether funds extended their outflow streak to 10 straight days. ⚖️ FTX’s former law firm and auditor agreed to pay $66 million to settle customer claims over fraud. 🏦 The ECB reportedly warned EU finance ministers that loosening euro stablecoin rules could weaken traditional banks. 🚨 StablR’s EURR and USDR depegged after an attacker minted $13.5 million in unbacked tokens through a multisig exploit. 🛶 Vitalik Buterin said the Ethereum Foundation will become a “smaller ship” and sell less ETH amid an exodus of researchers. 🕵️ The New York Times reported that the CFTC purged staff who questioned crypto firms tied to President Donald Trump.
BTC
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Timmy Shen
05-22
ICYMI: Here’s a quick news wrap from our U.S. session at @TheBlockCo 💼 Foundation has raised $6.4 million to expand from bitcoin hardware wallets into AI agent authorization. 🔄 Cosmos co-founder's new multilateral clearing startup Cycles raised $6.4 million. 🏛️ Blockchain[dot]com confidentially filed for a U.S. IPO as crypto firms continued their push toward public markets. 🏦 Boerse Stuttgart added Societe Generale, SG-FORGE and flatexDEGIRO to its “pan-European” tokenized settlement network. 🏒 The NHL and CFTC signed a memorandum of understanding as sports-based prediction markets continued to balloon. 🤝 MoonPay announced its fourth acquisition of the year with Decent while launching MoonPay Trade. 🚀 HYPE surged to a new record high above $60 amid rising Wall Street demand for Hyperliquid. 🗳️ A Chainlink- and Anchorage-backed PAC announced its first bipartisan endorsements of the 2026 midterm cycle. 🏛️ JPMorgan said tokenized money market funds are unlikely to grow beyond 15% of the stablecoin market. 📉 CLEAR plunged 48% after Everclear announced plans to wind down its protocol, foundation and labs unit. 🦄 Former Ethereum Foundation developer Dankrad Feist suggested a $1 billion raise to form a new Ethereum advocacy group. 📊 Coinbase is introducing thematic perpetuals tracking China, AI and U.S. national security equity indexes. ⚖️ Galaxy’s Novogratz and BitGo faced off in court over a $100 million claim, Bloomberg reported.
XZK
2.4%
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Timmy Shen
05-21
ICYMI: Here’s a quick news wrap from our U.S. session at @TheBlockCo 🚀 Elon Musk’s SpaceX was revealed to hold $1.45 billion worth of bitcoin as the firm eyes a public listing. 🤖 AllUnity unveiled plans for a Swedish krona stablecoin and launched infrastructure for agentic payments. 🏦 Catena Labs raised $30 million in a Series A and filed for national trust bank charter to support agentic finance. 💸 MoneyGram was named the “anchor remittance validator” for Stripe-backed Tempo blockchain. 🛡️ Plume secured a Bermuda license for what it called the first regulated onchain vault manager. 📈 Hyperliquid ETFs pulled in $22.3 million in early inflows as analysts pointed to “good signs of organic interest.” 🐉 Arbitrum-based derivatives venue Variational raised a $50 million Series A led by Dragonfly. 📱 Kik founder's latest app Flipcash is launching USDF using Coinbase’s Custom Stablecoin platform to serve as a payment mechanism within the community currency app. 📊 Securitize posted record Q1 revenue and reported $3.4 billion in tokenized assets under management. 📉 David Bailey’s Nakamoto bitcoin treasury announced a 1-for-40 reverse split as shares hit fresh lows. 😨 CryptoQuant said bitcoin is mirroring 2022 bear market patterns as sentiment turned “extremely bearish.”
HYPE
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