The Block
@TheBlockCo
Industry-leading crypto news, research and data. Get The Daily: | AI news: @TheLatentCo
293 Following 594.1K Followers
THE BLOCK: None of the 15 major institutional investors interviewed by Bitwise reduced their crypto allocations during the roughly 50% market drawdown between October 2025 and April 2026.
Several bought more, while most reported crypto allocations of between 1% and 2% of investable assets, according to a new report.
Show more
EXCLUSIVE: Galaxy adds $100 million in Sky's sUSDS to treasury, buys SKY token as firms deepen lending ties
EXCLUSIVE: Coinbase adds fixed-rate bitcoin-backed loans through Morpho Midnight
THE BLOCK: 'I'm not trying to bet which model wins, I'm betting on Power' @kevinolearytv on The Starting Block with @gazza_jenks
ICYMI: 'We have stuck our neck out over the last couple of months and attempted to call the bottom at 58K at the end of June, right around June 30 is when we saw the low so far in Bitcoin.' – @LowBeta, Head of Research at Grayscale from The Avalanche Summit
Show more
ICYMI: @Securitize Head of Ecosystem Graham Ferguson unpacked how various approaches to tokenization impact protocols and builders at The Avalanche Summit
NEW: Polymarket is paying NBA star LeBron James $15 million a year under its recently announced endorsement deal, according to Front Office Sports.
The agreement focuses on promoting football, not basketball, with James reportedly set to earn more from Polymarket annually than from his current NBA contract.
Show more
THE BLOCK: Ondo Finance’s subsidiary Oasis Pro Markets has joined DTCC’s Fund/SERV platform, becoming the first tokenization company to participate in the fund industry’s primary transaction-processing and distribution network.
The connection could allow Ondo’s tokenized funds to reach traditional fund companies, wealth platforms and service providers through a standardized integration rather than bespoke connections.
Show more
NEW: A Dubai trader seeking Venezuelan oil for Poland's state-backed energy group Orlen allegedly handed brokers USB sticks giving access to tens of millions of USDT at meetings in Caracas, according to an FT investigation.
Almost none of the contracted oil was delivered, while Orlen is reportedly still seeking to recover $230 million it advanced for the oil deal.
Show more
THE BLOCK: Standard Chartered Bank has initiated coverage of Sky, calling it "DeFi's federal bank," and expects its ethereum:0x56072c95faa701256059aa122697b133aded9279 token to rise fivefold to $0.325 by the end of 2028.
StanChart expects growth in Sky's ethereum:0xdc035d45d973e3ec169d2276ddab16f1e407384f stablecoin and wider ecosystem to drive higher staking rewards and token buybacks for SKY holders. "The main risk to this view would be if yield-bearing stablecoin growth is slower than expected," the bank said.
Show more
THE BLOCK: says its mobile app is temporarily unavailable for new downloads from Apple's U.S. and India App Stores.
Existing iOS users are unaffected, while the app remains available on Google Play. said it expects iOS availability to return soon but did not say why.
Show more
NEW: Kalshi plans to seek regulatory approval to offer the first regulated perpetual futures tied to individual stocks in the U.S., including Tesla, Apple, and Nvidia, as part of around 60 planned stock and ETF contracts, the WSJ reports.
Show more
THE BLOCK: Robinhood's crypto trading volume jumped 61% month over month to $17.5 billion in August, including $10.1 billion on Bitstamp.
Crypto volume remained down 38% year over year, while event contracts traded rose 15x to 4.7 billion.
Show more
THE BLOCK: ESMA says Polymarket and Kalshi lack the authorization generally required to market and sell event contracts in the EU.
The regulator said the platforms restrict users in some, but not all, EU countries and questioned the effectiveness of their geographic and VPN restrictions.
Show more
THE BLOCK: Canada's financial regulator OSFI says institutions may offer tokenized deposits if they comply with existing laws and consult with the agency first.
It also said the underlying technology of a product does not determine the legal nature, meaning tokenized deposits are "not legally distinct" from traditional deposits.
Show more
THE BLOCK: Cross-chain liquidity protocol Symbiosis is currently being exploited on BSC, with around $336,000 in realized losses in Wrapped Bitcoin, according to Blockaid. ethereum:0x2260fac5e5542a773aa44fbcfedf7c193bc2c599
Show more
THE BLOCK: Spot bitcoin ETFs shed $282.6 million on Thursday, while bitcoin:native currently trades at lower levels of around $77,000. Spot ether ethereum:native ETFs also posted $29.8 million in net outflows.
Show more
THE BLOCK: Liquid Network’s audit dashboard shows just 3,626.8 BTC backing 4,229.33 LBTC in circulation, putting solvency at 85.75%.
The roughly 602.5 BTC shortfall mostly lines up with the amount retained by the attacker.
Show more
Coinbase rebrands Base App back to Coinbase Wallet after just over a year as social experiment falls short
