The initial tranche of $10.6 million in subscriptions is expected to close within 48 hours following its Wednesday announcement.
The funds will operate as a “regular C corporation” for U.S. federal income tax purposes, which treats staking distributions as dividend income.
ProCap Acquisition Corp, a blank-check firm, announced an upsized IPO of 22 million shares priced at $10 each.
Ark also bought $7.6 million of 3IQ's Solana staking ETF and sold shares in Jack Dorsey's Block as it rebalanced its fund weightings.
The $179 million offer by Robinhood Markets represents a 71% premium to WonderFi's 30-day average share price.
Jump Crypto declined to disclose the dollar value of the deal, which aims to accelerate institutional adoption of tokenization tech.
The suite of apps will allow users to spend, save and earn crypto.
The ETFs are expected to launch later this year, comprising various digital assets and securities with a "Made in America" focus.
Crypto lender Block Earner defeated claims that its Earner product broke securities laws, overturning a previous verdict in favor of the ASIC.
The collaboration aims to leverage Bleap's technology to enable other wallet providers to integrate with Mastercard's payments network.
Ripple CEO Brad Garlinghouse claims that the crypto industry is "at an inflection point for the next phase of digital asset adoption."
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
PayPal users in the United States and U.S. territories can buy Solana and Chainlink directly on the platform for the first time.
The neobank offered the perpetrator 20% of the stolen funds to return the money within 48 hours, threatening legal action otherwise.
The “buy now, pay later” company is backed by venture capital firm, Sequoia Capital, which has a 22% stake.
The venture firm is doubling down on the U.S. market as the Trump administration signals favorable regulations for digital asset firms.
Europe’s Digital Operational Resilience Act now applies to crypto businesses, expanding MiCA’s scope and requiring firms to enhance cybersecurity and risk management.
“With Gary Gensler confined to the waste bin of Washington, we have an excellent opportunity to ensure that the future of digital assets is guided by Americans,” said Emmer.
The Revolut Pay enhanced due diligence API will be rolled out to crypto customers from start of 2025.
Tony Paquette will reportedly assume the chief financial officer position as Alex Loffe transitions into a new role.
Jared Isaacman comes with deep fintech experience and a working relationship with Elon Musk and SpaceX.
The stablecoin market is heating up, but the future remains uncertain. Will one stablecoin dominate, or will multiple players coexist in a diverse ecosystem?
Cyberport’s rapid growth includes over 270 Web3 enterprises and initiatives for real-world blockchain applications in Hong Kong.
Tens of thousands of traders have been using the bank’s crypto exchange in the UK, a spokesperson said.
SafePal’s new Mini Wallet App will enable 950 million Telegram users to create individually owned and compliant crypto-friendly Swiss bank accounts, the firm said.
Sumit Gupta shares insights on India’s approach to CBDCs and private cryptocurrencies, emphasizing the need for balanced regulation.
Australian pension funds can expect a pitch soon for saving money on fees with a stablecoin.
The regulatory sandbox aims to strengthen the United Kingdom’s position as a global financial hub.
Hong Kong’s SFC finds deficiencies in some “deemed-to-be-licensed” crypto exchanges, risking their licensing status amid tightened regulations.
The blockchain-based solution builds on DBS Bank’s participation in Project Orchid, an effort by the Monetary Authority of Singapore to test the benefits of tokenization.