Zack Abrams

2 weeks ago | theblock.co | Zack Abrams

Quick TakeThe seven-day moving average number of transactions on the Bitcoin network hit a 19-month low recently, according to The Block’s data. A number of Bitcoin Core developers released a statement Friday saying that nodes should not refuse to relay low‑fee or non‑standard transactions if miners are willing to include them. Mononaut, founder of open-source explorer Mempool, noted that a transaction with a near-zero fee was recently mined into a block, signaling low demand from miners.

2 weeks ago | theblock.co | Zack Abrams

The Block • June 8, 2025, 2:06PM EDT Quick TakeCetus Protocol, a decentralized exchange on the Sui and Aptos blockchains, relaunched on Sunday just 17 days after suffering a $223 million exploit. The protocol recovered around $162 million worth of funds, and restarted with the help of a $30 million loan from the Sui foundation. Affected liquidity pools were restored to at least 85% of their initial value, pledging remaining compensation coming in the form of CETUS tokens.

2 weeks ago | theblock.co | Zack Abrams

Policy • June 7, 2025, 7:08PM EDT Quick TakeA formal ethics probe launched by Argentinian President Javier Milei to investigate his own promotion of a cryptocurrency called Libra has cleared Milei of violating public ethics rules. The probe concluded that Milei’s post, which came from his personal account, did not rise to the level of official government activity or endorsement. A separate federal criminal court has an ongoing investigation into the scandal, dubbed “Cryptogate” by local media.

2 weeks ago | theblock.co | Zack Abrams

Exchanges • June 7, 2025, 5:42PM EDT Quick TakeLawyers for BiT Global dropped a lawsuit against Coinbase related to the latter firm’s delisting of wrapped Bitcoin token wBTC just two months after launching a competing token, cbBTC. The lawsuit was dismissed with prejudice, meaning it can’t be brought again; both firms will pay their own legal fees, according to the agreement.

2 weeks ago | theblock.co | Zack Abrams

Funds • June 7, 2025, 3:32PM EDT Spot Ethereum ETFs in the U.S. market have reached their highest cumulative inflow level since the funds launched in July 2024 as ETH's nearly 40% price gain over the past month is met with increased demand from institutional and retail investors. The ETFs have recorded overall net positive inflows for the past 15 trading days, the longest such streak since late November to early December of 2024.