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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Crypto equities surge amid third month of easing US inflation

1 day ago | theblock.co | Naga Avan-Nomayo

Markets • May 13, 2025, 11:07AM EDT April’s Consumer Price Index fell to 2.3%, slightly below economists' expectations of 2.4%, while the Core CPI remained steady at 2.8%, matching forecasts. The latest data — the first inflation figures reflecting the impact of "Liberation Day" — marked headline inflation at a four-year low and represented the third consecutive monthly decline.
Robinhood to acquire Canadian crypto trading platform WonderFi for around $179 million

1 day ago | theblock.co | Yogita Khatri

Robinhood Markets, a subsidiary of financial services giant Robinhood, has agreed to acquire WonderFi Technologies, a Canadian crypto trading platform, in an all-cash deal valued at C$250 million (around US$179 million). The acquisition marks a major step in Robinhood's crypto expansion into the Canadian market.
Dubai’s finance department signs MOU with Crypto.com to enable crypto payments for government services

1 day ago | theblock.co | Naga Avan-Nomayo

Exchanges • May 13, 2025, 8:05AM EDT The Department of Finance of Dubai city has signed a Memorandum of Understanding (MOU) with Crypto.com to introduce cryptocurrency as a payment method for government services. Signed during the Dubai FinTech Summit, the MOU supports the United Arab Emirates' cashless roadmap, which aims to shift 90% of public and private financial transactions to cashless methods by 2026.
Curve Finance's front-end targeted in DNS attack on website

1 day ago | theblock.co | Naga Avan-Nomayo

Security • May 13, 2025, 5:53AM EDT Curve Finance has flagged a Domain Name Service (DNS) attack on its website, days after unknown actors gained access to the protocol’s X account. Reported late on Monday, Curve said its “curve[.] fi” domain was compromised in an apparent DNS spoofing attack. In the meantime, users were advised against interacting with the website until further notice. Curve has also switched to its curve[.}finance site, per a tweet from the team.
Global Dollar Network, founded by Paxos, Robinhood and others, adds 19 new members to grow adoption of its Solana-based USDG stablecoin

2 days ago | theblock.co | Yogita Khatri

Stablecoins • May 12, 2025, 9:00AM EDT The Global Dollar Network (GDN), a stablecoin consortium co-founded by Paxos, Robinhood, Kraken, Anchorage Digital, Galaxy Digital, Bullish and Nuvei, has added 19 new members as it pushes to grow adoption of its U.S. dollar-backed stablecoin, USDG. The newest members include crypto exchange BitMart, crypto custodian Zodia Custody, wallet provider Arculus and stablecoin payments firms Beam, FOMO Pay, AlfredPay and Noah, GDN said Monday.
Trump-affiliated mining firm American Bitcoin to go public via merger with Gryphon Digital

2 days ago | theblock.co | Naga Avan-Nomayo

American Bitcoin, a subsidiary of Bitcoin miner Hut 8 Corp. and Trump-led data firm American Data Centers, intends to go public through a definitive merger agreement with Gryphon Digital Mining, Inc. The stock-for-stock transaction is expected to close as early as the third quarter of 2025, pending shareholder and regulatory approvals, according to a Monday press release.
Arthur Hayes declares 'buy everything' as US-China trade war cools and bitcoin crosses $104,000

2 days ago | theblock.co | Naga Avan-Nomayo

Markets • May 12, 2025, 6:33AM EDT Negotiations in Geneva last week proved fruitful as Beijing cut duties on U.S. goods from 125% to 10% and Washington decreased tolls on Chinese imports to 30% from 145%. Both reductions are valid for 90 days and come into effect from May 14, according to an official White House statement. In response, the cryptocurrency market capitalization notched a modest 1% rise, with Bitcoin over $104,100 and Ether at $2,500, per price data from The Block.
Spot crypto ETFs gain bipartisan support in South Korea's upcoming presidential election

2 days ago | theblock.co | Danny Park

Policy • May 12, 2025, 5:07AM EDT Kim Moon-soo, the presidential candidate from South Korea's main right-wing party, officially announced Monday that he would support the local adoption of spot cryptocurrency exchange-traded funds as part of his election pledges. According to South Korea's National Election Commission, Kim of the People Power Party vowed to allow spot crypto ETFs in the country's financial system, in an aim to foster wealth accumulation in the middle class.
Bitcoin trades near $104,000; analyst says new all-time high 'plausible'

2 days ago | theblock.co | Danny Park

Markets • May 11, 2025, 11:44PM EDT Bitcoin continued its upward momentum, trading around $104,000 as of late Sunday night after crossing the key $100,000 level for the first time in months. Analysts suggested that bitcoin may reach a new record high, though a short-term price correction also remains possible. According to The Block's bitcoin price page, the world's largest cryptocurrency remained relatively steady in the past 24 hours, down 0.12% at $103,926.
Vice President Vance to speak at Bitcoin 2025 in Las Vegas

5 days ago | theblock.co | Daniel Kuhn

Policy • May 9, 2025, 2:23PM EDT Vice President J.D. Vance is scheduled to speak at the upcoming Bitcoin 2025 conference in Las Vegas, NV, according to an announcement on Friday. This comes about a year after President Donald Trump spoke at BTC Inc.’s annual conference — billed as “the world’s largest Bitcoin gathering — held last year, in Nashville, TN, while on the campaign trail.