The Block
Coverage of The Block in the Nexus archive.
- Dev helps rescue $2 million locked in 2016 ICO contract for nine years with whitehat exploit
A developer successfully rescued $2 million locked in a 2016 ICO contract using a whitehat exploit, with two of 48 eligible investors already claiming 96.5 ETH worth nearly $200,000.
- Ripple, North Island Ventures back $6 million round for cross-chain platform Squid
Squid, a cross-chain platform, has secured $6 million in funding from Ripple and North Island Ventures. The company plans to launch a new consumer product designed to simplify access and management of cryptocurrency assets.
- Tokenized equities daily volume hits all-time high of $3.57 billion
Tokenized equities daily volume reached an all-time high of $3.57 billion on Monday, with onchain equities trading volume growing since the start of the year. This milestone indicates a significant increase in market activity. The growth in trading volume suggests a surge in investor interest.
- It’s a ‘new era’ for crypto users who ‘trade anything and everything’ as Jito goes consumer, CEO Bruder says
Jito founder Lucas Bruder discusses a new class of users who want to trade anything and everything, marking a new era for crypto users. This shift is driven by consumers, according to Bruder. The statement highlights a significant change in user behavior.
- The Block appoints veteran media operator Steve Chung as CEO
The Block has appointed Steve Chung as its new CEO, replacing Larry Cermak, who will continue as President focusing on research, data, and product. Chung brings experience as a veteran media operator to the role.
- Bitcoin ETF ‘flows turned positive for the year’: BNY’s global head of ETFs
BNY's Global Head of ETFs, Ben Slavin, reported that Bitcoin ETF flows have turned positive for the year, indicating growing investor interest in the asset class.
- Clarity Act’s stablecoin yield language pushed back; ban on idle balances still intact
The Clarity Act's proposed language regarding stablecoin yields has been delayed, but the provision banning rewards on idle stablecoin balances remains unchanged. A source from The Block confirmed that the latest version of the bill reflects prior language that prohibits such rewards.