MK Manoylov

United States

Reporter at The Block

Reporter @TheBlock__ | Might DM you, so feel free to verify me here: https://t.co/Fj5HncloRe |

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Articles

Coinbase unveils 24/7 futures trading one day after landmark Deribit deal

5 days ago | theblock.co | MK Manoylov

Companies • May 9, 2025, 11:40AM EDT Quick TakeCoinbase Derivatives, the firm’s CFTC-regulated derivatives arm, will provide round-the-clock futures contracts trading for retail and institutional users starting today. The cryptocurrency exchange Coinbase will offer 24/7 Bitcoin and Ethereum futures trading starting Friday, according to a company release.
Doodles launches its native token DOOD on Solana

5 days ago | theblock.co | MK Manoylov

Quick TakeAfter first announcing its token in February, the NFT project Doodles has officially launched its token DOOD on Solana. Exchanges that will support the token include Bybit, Binance Alpha, Gate, KuCoin, and MEXC, with more platforms to come. Launching alongside DOOD is DreamNet, a decentralized protocol for AI-powered storytelling, as well as an office survival game called “Lord of the Files.”The NFT project Doodles has launched its token DOOD on Solana.
Web3 consumer rewards platform T-Rex nets $17M in pre-seed funding

6 days ago | theblock.co | MK Manoylov

Companies • May 8, 2025, 10:00PM EDT UPDATED: May 8, 2025, 9:42PM EDT Quick TakeT-Rex, a web3 consumer entertainment platform, raised $17 million in pre-seed financing. The firm’s backers include Portal Ventures, North Island Ventures, Framework Ventures, and Arbitrum Gaming Ventures. T-Rex aims to reward individuals consuming content online, such as on X, TikTok, or YouTube, with cryptocurrency rewards.
Meta explores stablecoins to reduce payment costs years after selling off failed Diem project: report

6 days ago | theblock.co | MK Manoylov

Stablecoins • May 8, 2025, 4:56PM EDT Quick TakeMeta will use stablecoins to reduce the costs of payouts compared to fiat currency, Fortune reported on Thursday. The firm also reportedly contacted crypto infrastructure firms to tackle cross-regional payment costs. Meta’s rekindled interest in integrating stablecoins comes as U.S. financial regulators take a friendlier approach toward overseeing crypto.
DeFi Development Corp. approves 7-for-1 stock split amid broader SOL treasury push

1 week ago | theblock.co | MK Manoylov

Companies • May 7, 2025, 5:30PM EDT Quick TakeThe seven-to-one split increases the firm’s outstanding shares from about 2 million to 14 million, though its authorized share capital won’t be affected. Before the move, DeFi Development Corp.’s SOL-per-share sat at 0.199, or about $29. The board of directors for DeFi Development Corp.
Doodles explains 'New Blood' eligibility ahead of DOOD token generation event

1 week ago | theblock.co | MK Manoylov

Companies • May 7, 2025, 1:33PM EDT Quick TakeDoodles allocated 13% of its DOOD 10 billion token supply to its “New Blood Fund,” aimed at onboarding more members into the Doodles community. Doodles identified nine partner communities that will receive a New Blood allocation at airdrop, including certain BonkBot traders and Helius stakers, as well as ElizaOS contributors.
Revolut partners with Lightspark to streamline Bitcoin transactions

1 week ago | theblock.co | MK Manoylov

Companies • May 7, 2025, 12:14PM EDT Quick TakeRevolut partnered with Lightspark, a firm that builds on the Bitcoin-scaling Layer 2 protocol Lightning Network, to facilitate faster BTC transactions. Revolut now has access to the Bitcoin-based payment network in the UK and select European Economic Area countries, as well as Lightspark’s MoneyGrid.
Bitwise submits S-1 form for a NEAR ETF to the SEC

1 week ago | theblock.co | MK Manoylov

Companies • May 6, 2025, 3:47PM EDT Quick TakeThe digital asset management firm Bitwise submitted a registration statement for a spot NEAR exchange-traded fund with the Securities and Exchange Commission. The submission comes nearly two weeks after Bitwise filed to launch a Bitwise NEAR ETF in Delaware, which was seen as a preliminary step to launching an ETF.
DeFi Development Corp holds 400,091 SOL after buying $11.2 million SOL

1 week ago | theblock.co | MK Manoylov

Companies • May 6, 2025, 11:14AM EDT Quick TakeDeFi Development Corporation bought 82,404.50 SOL, valued at around $11.2 million. The firm’s total SOL holdings now sit at 400,091 SOL, worth about $58.5 million including staking rewards, as of May 6. The purchase comes five days after DeFi Development Corp. penned a $24 million private investment in public equity deal to buy more solana.
The Daily: Riot Platforms sells mined bitcoin, Indonesia suspends World, Strategy buys more BTC and more

1 week ago | theblock.co | MK Manoylov

Companies • May 5, 2025, 4:26PM EDT The following is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons. Happy Monday! April didn't just have Token2049 held in Dubai – it's also the month of record-high mentions of "cryptocurrency" and "stablecoins" in Securities and Exchange Commission filings. Maybe that's something to talk about at the next fireside chat?