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The Block
The Block features breaking Crypto news about Bitcoin, Blockchain, Web3, and DeFi from the web's most reliable source.
02/06/2026 09:56 PM ENS Labs scraps Namechain L2, shifts ENSv2 fully to Ethereum mainnet
ENS Labs is canceling the launch of the Namechain Layer 2, which began development in 2024 to support the forthcoming ENSv2 update.
02/06/2026 09:16 PM Analysts see 400% upside for GEMI as Gemini’s overseas exit may speed profitability
Mizuho sees prediction markets and institutional custody as key businesses for Gemini to stabilize revenue beyond spot trading cycles.
02/06/2026 07:34 PM MegaETH Foundation to use USDM stablecoin revenue to fund MEGA token buybacks
The MegaETH Foundation will use revenue earned from the protocol’s native stablecoin USDM to accumulate MEGA tokens.
02/06/2026 07:03 PM The Daily: Strategy’s safe unless BTC falls to $8K, Charles Hoskinson’s down over $3B in crypto, Bithumb mistakenly sends bitcoin to users, and more
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
02/06/2026 06:36 PM Federal Reserve ‘skinny master account’ proposal draws comments and clashes from crypto, community banks
Nearly 30 letters were filed in response to the Fed's proposed "skinny master account" that would give certain institutions limited access.
02/06/2026 05:20 PM ‘Bad news is already priced in’: Bitwise CIO sees possible exhaustion as bitcoin logs steepest two-week drop since June 2022
Bitwise CIO Matt Hougan says the sell-off reflects cycle dynamics and macro risk-off forces — not a repeat of 2022’s systemic collapse.
02/06/2026 04:37 PM EF researcher explains Ethereum’s plan to tackle the quantum threat
Ethereum Foundation's quantum lead Thomas Coratger discusses ongoing efforts to develop quantum resistance for Ethereum.
02/06/2026 04:08 PM Bitfarms stock jumps 16% as firm finalizes shift from bitcoin mining to AI infrastructure
The company will move its parent entity to Delaware and seek a new Nasdaq and TSX ticker, aiming to access U.S. capital markets.
02/06/2026 03:54 PM China tightens stance on RWA tokenization and offshore yuan stablecoins, reiterates crypto ban
Beijing has broadened its crypto ban to include RWA tokenization and unapproved offshore yuan-linked stablecoin issuance.
02/06/2026 03:43 PM Bithumb mistakenly sends bitcoin to users, causing ‘temporarily fluctuation’ in BTC price on exchange
Some recipients reportedly sold the coins before the exchange's "internal control system and promptly restricted transactions."
02/06/2026 02:53 PM Bernstein says IREN selloff reflects missing AI deal, not earnings, with bitcoin no longer central to investment case
The analysts argued that bitcoin-related volatility is no longer central to the investment case as IREN accelerates its shift toward AI.
02/06/2026 01:59 PM Russia’s largest bank prepares to issue loans using crypto as collateral: report
Sberbank reportedly plans crypto-backed corporate loans after a pilot, while asset issuance on its platform has reached $5.3 billion.
02/06/2026 01:41 PM Strategy is ‘better positioned than ever’ to weather bitcoin crash and benefit from recovery, TD Cowen says
TD Cowen analysts said Strategy remains structurally positioned to endure a prolonged bitcoin downturn despite MSTR's pullback.
02/06/2026 01:01 PM Is crypto still cypherpunk? With Miden co-founder Azeem Khan
Miden's co-founder said crypto privacy should be essential infrastructure, but that compromises may be needed for regulatory acceptance.
02/06/2026 12:49 PM Polymarket parent firm files trademark applications for ‘POLY’ amid token launch plans
The filings come after Polymarket executives confirmed plans to launch a native POLY token, though no timeline has been announced.
02/06/2026 11:53 AM Polymarket odds for UK PM Keir Starmer’s 2026 exit rise amid Mandelson-Epstein scandal
Polymarket users have wagered over $2 million on whether UK Prime Minister Keir Starmer leaves office in 2026.
02/06/2026 10:44 AM Sen. Cynthia Lummis urges US banks to embrace stablecoins and digital assets amid crypto bill delays
Disagreements over stablecoin yield provisions between banks and the crypto industry have contributed to delays in the U.S. crypto market structure bill.
02/06/2026 10:16 AM Cathie Wood’s Ark Invest buys Bullish, trims Coinbase as crypto-related stocks slide
Cathie Wood's Ark Invest purchased $17.8 million worth of Bullish shares and sold $17.4 million worth of Coinbase stock.
02/06/2026 10:02 AM Cardano’s Charles Hoskinson says he’s ‘lost over $3 billion’ in crypto but declined to cash out
Charles Hoskinson said his personal crypto holdings are down over $3 billion in value, and that he declined to cash out during the downturn.
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