The onchain analytics startup, launched in early 2021, raised a $1.25 million seed round and a $4 million seed extension.
Starboard argues Riot’s Texas power assets position the company to secure large AI data center tenants if management accelerates deal execution.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
The update formalizes Figure’s role as the primary operator behind Provenance as it increases support for onchain equities and other RWAs.
Bakkt is continuing its strategic pivot to provide “B2B2C” turnkey operator services through a stablecoin infrastructure acquisition.
Yi He will lead the company alongside previous solo CEO Richard Teng, the exec announced during Binance Blockchain Week.
Ryan Navi, who previously served at ParaFi Capital as managing director and head of venture, will lead Forward's SOL treasury strategy.
Blockchain.com, one of the oldest surviving crypto companies, has appointed a new co-CEO to run its U.S. wing.
Singapore’s High Court has given the green light to a restructuring plan for crypto exchange WazirX, clearing a major obstacle in the company’s effort to repay users after last year’s large theft. Related Reading: ‘BNB Isn’t Crumbling’: CZ Slams Critics Stirring Fear And Doubt According to reports, the court’s approval on October 13 allows the exchange to move ahead with a court-supervised recovery process tied to the $234 million hack that hit the platform in July 2024. Creditor Vote And Numbers Based on reports from the company, the revised plan won broad backing from affected account holders. In an August revote, 95.7% of participating scheme creditors voted in favor, and those votes came from 143,190 participating creditors representing about $196 million in approved claims. The strong turnout and result were used by WazirX to press its case to the Singapore court. Thank you to everyone who supported this difficult phase of WazirX. The Singapore High Court has approved the scheme. Its your support and love that has made this possible ❤️ Now we set out on the next phase to work hard and create value for everyone. We’re here because of YOU… — Nischal (Shardeum) ???? (@NischalShetty) October 13, 2025 The hack itself exploited a Safe Multisig wallet in mid-July 2024 and drained a large pool of user funds. Investigations and media accounts linked the breach to advanced cyber operators, and the theft forced WazirX to freeze both crypto and rupee withdrawals while legal options were explored. What Users Will Receive According to several outlets, users may recover a substantial portion of lost funds under the approved plan. Reports have said recoveries could reach up to 55% of the losses, delivered as a mix of immediate liquid payments and so-called Recovery Tokens that represent remaining claims to be fulfilled over time. WazirX has said the first wave of payouts — in stablecoin or USDT equivalent — would follow once the scheme takes effect. That mix means some users will get cash-equivalent payments quickly while others will hold tokens that the company intends to redeem as it regains assets or generates revenue. The plan shifts part of the repayment responsibility to entities inside India to comply with local rules, a change that was highlighted during court rounds. The road to approval was not straight. The Singapore court had earlier rejected a first version of the scheme after judges raised questions over the plan’s structure and oversight. That decision forced WazirX and its advisers to rework the proposal and secure a fresh vote from creditors before returning to court. Related Reading: XRP Traders Face Fresh Selling Pressure As Large Holders Move Out Next Steps And Timeline If the scheme becomes effective under the court’s timetable, WazirX says distributions of available liquid assets will begin within 10 business days. That window is expected to trigger the initial USDT transfers while RTs are recorded for the remainder of approved claims. The exchange will still need to finish legal formalities and coordinate with payment processors and regulators. Featured image from Pixabay, chart from TradingView
LQR House has announced it intends to purchase bitcoin and invest in mining infrastructure, which Leshner has deemed “partially successful."
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Altcoin treasuries can serve as a provisional means of asset exposure as formal approvals for ETFs and staking have yet to arrive.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Ravindra Kumar was fired as CEO of Binance-listed Self Chain after reports linked him to a $50 million Telegram OTC scam, which he has denied involvement in.
Polygon co-founder Jordi Baylina announced Zisk as new foundation CEO Sandeep Nailwal pivots resources to Polygon PoS and Agglayer.
The Ethereum Foundation has restructured its Protocol Research & Development division, now simply called “Protocol.”
Polygon founder Mihailo Bjelic is stepping back from the project he helped create, according to an announcement on Friday.
Genesis Global filed two new lawsuits against DCG and its executives for 'recklessly operating' subsidiary Genesis towards bankruptcy.
Bankrupt crypto exchange FTX will disburse more than $5 billion to creditors beginning May 30 via distribution partners BitGo and Kraken.
Core Scientific saw net income spike to $580.7 million in Q1 2025, more than doubling its $210.7 million profit during the same period in 2024.
Participants in the private investment include Galaxy Digital, Amber International Holding Limited, Arrington Capital, and others.
The firm began buying and staking SOL after being acquired by former Kraken executives earlier this month.
The restructuring efforts align with the Bithumb's endeavors to launch its IPO in the second half of this year.
This integration strengthens interoperability between the EVM ecosystem and Cosmos, particularly through the IBC protocol.
In 2021, Iron Fish raised $28 million in a funding round led by Andreessen Horowitz to support its privacy-centric blockchain.
The stablecoin issuer said it is making a "firm commitment" to completing a full audit following the appointment.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
FTX Digital Market's liquidator PwC had stated that non-Convenience Class creditors expected to receive reimbursement in Q2 2025.
Gensler’s enforcement-heavy approach during his tenure at the agency was widely perceived as aggressive toward the crypto industry.
Jito's new Chief Legal Officer Rebecca Rettig will help the firm navigate the changing legal and regulatory landscape.