The Block

The Block

Blockchain technology, along with its currencies and markets, is set to form the backbone of the global economy in the future. We are launching a community called The Block, designed for fans of blockchain and cryptoassets. This platform will serve as a gateway to the realm of programmable money, distributed ledgers, and decentralized applications for millions of users. By using token-based rewards, The Block aims to simplify the complexities of blockchain and cryptoassets, making it easier to engage in discussions, access market data, consume media, and learn about this evolving field. We believe that everyone should have the chance to be part of the next major internet revolution powered by blockchains and cryptoassets. The Block is dedicated to providing this opportunity to the next billion participants.

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  • 1 day ago | theblock.co | James Hunt

    Companies • June 26, 2025, 7:29AM EDT Galaxy Asset Management, an affiliate of Galaxy Digital Holdings, closed a $175 million raise for Galaxy Ventures Fund I LP on Thursday, focused on investing in early-stage companies across blockchain protocols, software infrastructure, and financialized applications, according to a press release.

  • 1 day ago | theblock.co | James Hunt

    Funds • June 26, 2025, 6:19AM EDT U.S. spot Bitcoin exchange-traded funds' net inflow streak extended into a twelfth day on Wednesday, adding $547.7 million to a total of $3.9 billion for the period, according to data compiled by The Block. BlackRock's IBIT continues to dominate over the other Bitcoin funds, attracting $340.3 million in net inflows on June 25 alone, followed by Fidelity's FBTC with $115.2 million.

  • 2 days ago | theblock.co | James Hunt

    UPDATED: June 26, 2025, 5:07AM EDT Crypto exchange Coinbase has rolled out wrapped versions of Cardano and Litecoin on its Base Ethereum Layer 2 network. The ERC-20 tokens, cbADA and cbLTC, are each backed 1:1 by ADA and LTC held in custody by Coinbase, the crypto exchange said in a Wednesday announcement, providing proof of reserves for both assets. The rollout enables users to send their ADA and LTC from Coinbase to their onchain addresses on Base, with the funds automatically converted.

  • 2 days ago | theblock.co | James Hunt

    Markets • June 25, 2025, 11:07AM EDT Analysts at research and brokerage firm Bernstein have raised their price target for Coinbase (ticker COIN) stock to $510 from $310, based on a combination of higher earnings projections, new growth drivers, and a revised valuation framework. Coinbase is the only crypto-native firm in the S&P 500 index but remains the "most misunderstood" company in Bernstein's crypto coverage, analysts led by Gautam Chhugani said in a Wednesday note to clients.

  • 2 days ago | theblock.co | James Hunt

    Companies • June 25, 2025, 9:45AM EDT Of all the projects Tether has invested in over recent years, Blackrock Neurotech stands out as one of the favorites for CEO Paolo Ardoino. In the latest episode of The Block's Big Brain podcast, Ardoino said the brain-computer interface firm needed a name change soon to avoid confusion with the famous asset manager and Bitcoin ETF issuer, BlackRock.