Zack Abrams

New York

journalist, deepfake meme creator, cat dad, other stuff | Weekend Editor @TheBlock__, DMs open! | he/him 🏳️‍🌈| zackabrams.eth | blue check for work sorry!!

Featured in: Favicon

msn.com

nydailynews.com Favicon

newsweek.com Favicon

sfgate.com Favicon

chicagotribune.com Favicon

chron.com

baltimoresun.com Favicon

madison.com Favicon

sun-sentinel.com Favicon

stltoday.com + 104 more

Articles

Circle, BitGo to apply for bank charters; Coinbase, Paxos may follow suit: WSJ

3 days ago | theblock.co | Zack Abrams

Latest Crypto News Apr 21, 2025, 3:01PM EDT • Policy Apr 21, 2025, 2:39PM EDT • Stablecoins Apr 21, 2025, 9:37AM EDT • Companies See More Latest Crypto News Policy • April 21, 2025, 3:01PM EDT Quick TakeThe Wall Street Journal reported Monday that crypto firms Circle and BitGo plan to apply for U.S. bank charters or licenses, citing people familiar with the matter.
MANTRA founder will burn $82 million worth of his OM tokens to 'rebuild trust' following $5 billion crash

3 days ago | theblock.co | Zack Abrams

The founder and CEO of real-world asset-focused Layer 1 blockchain MANTRA, John Patrick Mullin, said he plans to burn his allocation of 150 million of the network's OM tokens in an effort to "rebuild trust" and demonstrate an "unwavering focus" to build the network. MANTRA also said it is in "ongoing conversations with key ecosystem partners" to increase the number of burned tokens to 300 million, about 16.5% of the network's supply of 1.8 billion.
Bitget will roll back trades, compensate users after 'abnormal' VOXEL trading activity

4 days ago | theblock.co | Zack Abrams

Exchanges • April 20, 2025, 6:13PM EDT Centralized cryptocurrency exchange Bitget will roll back trades and compensate users after "abnormal trading" activity in its perpetual futures market affected a little-known token, sending volume soaring to levels higher than that of bitcoin.
Crypto exchange volume falls to 6-month low as traders flee spot for futures

4 days ago | theblock.co | Zack Abrams

Despite an uptick in activity at the beginning of April, likely due to the market turmoil caused by President Trump's tariff announcements, volumes on major crypto exchanges have dropped to six-month lows in recent days, The Block's data shows. The seven-day moving average of volume across exchanges like Binance, Coinbase, Bitfinex, was just over $32 billion on Saturday, the lowest such value since mid-October, 2024.
Vitalik Buterin floats swapping Ethereum's EVM for RISC-V to boost scalability

4 days ago | theblock.co | Zack Abrams

Ethereum co-founder Vitalik Buterin, in a new blog post on the Ethereum Magicians forum, floated a "radical" long-term proposal for the blockchain network's execution layer: replacing the Ethereum Virtual Machine's (EVM) bytecode with the open-source RISC-V architecture. "The beam chain effort holds great promise for greatly simplifying the consensus layer of Ethereum," Buterin wrote.
Charles Schwab CEO says spot crypto trading will 'likely' launch within 12 months

5 days ago | theblock.co | Zack Abrams

Companies • April 19, 2025, 5:26PM EDT The U.S.'s next major crypto exchange may have a familiar name. Charles Schwab Corp. CEO Rick Wurster, who assumed the position in January, has pursued offering spot crypto trading support to the financial services firm's clients, predicting a change in the U.S. government's crypto regulatory environment. On a recent earnings call, Wurster laid out a more solid timeline for the company's crypto efforts.
BIS report calls for 'containment' of crypto risks as TradFi connections deepen, sparking criticism

5 days ago | theblock.co | Zack Abrams

Latest Crypto News Apr 19, 2025, 4:22PM EDT • Policy Apr 19, 2025, 11:36AM EDT • Markets Apr 18, 2025, 4:59PM EDT • Companies Apr 18, 2025, 4:57PM EDT • Policy See More Latest Crypto News Policy • April 19, 2025, 4:22PM EDT Quick TakeA report from the Bank for International Settlements urges stronger regulation and a “containment” approach to crypto risks as the crypto economy and traditional finance become more intertwined.
Aptos proposal would cut staking rewards by 3% in 3 months to spur development

6 days ago | theblock.co | Zack Abrams

Layer 1s • April 18, 2025, 4:53PM EDT A new governance proposal for the Layer 1 blockchain Aptos would reduce staking rewards from about 7% to 3.79% over three months, aiming to incentivize more active development on the network. The proposal, AIP-119, was co-authored by Sherry Xiao, head of production engineering at Aptos Labs — the team behind the blockchain — and developer Moon Shiesty, who is working on the Aptos- and Movement-based protocol Mirage.
Lead launderer in $190 million Brazilian crypto Ponzi scheme gets record 128-year sentence

6 days ago | theblock.co | Zack Abrams

Policy • April 18, 2025, 2:46PM EDT A Brazilian judge has handed down a record 128-year prison sentence to the man convicted of leading the money laundering operation behind the Braiscompany cryptocurrency Ponzi scheme, which operated from June 2018 until its collapse in early 2023. Joel Ferreira de Souza, the scheme’s financial mastermind, was found to have used shell companies and proxy accounts to launder proceeds from the Braiscompany fraud.
Layer 1 MANTRA's token falls 90% in sudden crash; community lead denies rug pull accusations

1 week ago | theblock.co | Zack Abrams

Latest Crypto News Apr 13, 2025, 4:09PM EDT • The Block Apr 13, 2025, 1:52PM EDT • The Block Apr 13, 2025, 11:11AM EDT • Layer 1s See More Latest Crypto News The Block • April 13, 2025, 4:09PM EDT UPDATED: April 13, 2025, 4:13PM EDT Quick TakeThe token of real-world asset focused Layer 1 blockchain MANTRA crashed 90% over a matter of hours on Sunday, raising concerns of a rug pull or major hack.