The Block

The Block

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  • Mike Novogratz’s Galaxy Asset Management raises $175 million for inaugural venture fund

    2 days 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.

  • Bitcoin ETFs' 12-day net inflow streak nears $4 billion as BTC gains amid dollar slump

    2 days 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.

  • Coinbase's wrapped ADA and LTC tokens go live on Base

    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.

  • Attacker drains over $9 million from Resupply stablecoin protocol after manipulating token price

    2 days ago | theblock.co | Danny Park |Vishal Chawla

    By Danny Park and Vishal Chawla UPDATED: June 26, 2025, 3:04AM EDT Quick TakeResupply, a stablecoin protocol tied to lending market liquidity, was exploited for around $9.5 million. Resupply acknowledged the incident and said the compromised contract has been identified and paused. Stablecoin protocol Resupply was exploited for around $9.5 million through a market manipulation of exchange rates, according to security analysts.

  • Nasdaq-listed Bit Digital to focus exclusively on Ethereum staking after moving away from Bitcoin mining

    2 days ago | theblock.co | Vishal Chawla

    The Block • June 26, 2025, 1:00AM EDT Quick TakeBit Digital is shifting to focus exclusively on Ethereum staking and treasury operations, moving away from Bitcoin mining. After winding down its bitcoin mining operations, Bit Digital plans to gradually convert its BTC holdings into ETH. Bit Digital, a Nasdaq-listed firm with a market cap of $488 million, is transitioning to focus exclusively on Ethereum staking and treasury operations, moving away from Bitcoin mining.

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