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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.
05/08/2026 03:17 AM Solv Protocol drops LayerZero in favor of Chainlink for $700 million tokenized bitcoin
It cited security as the core reason for the migration, in an apparent response to the recent exploit of LayerZero-powered Kelp DAO.
05/08/2026 01:19 AM Hyperliquid Strategies posts $165 million net loss for nine months ended March 31 as HYPE treasury grows
The firm has deployed $216 million to acquire approximately 7.3 million HYPE tokens since its inception in December 2025.
05/07/2026 10:22 PM Coinbase loses nearly $400 million in Q1 as CEO seeks to reduce dependence on spot crypto trading
The company is transforming from a "spot-focused crypto platform to a place" where users can trade many asset classes.
05/07/2026 10:16 PM Dorsey’s Block raises full-year guidance after ‘strong’ Q1, records $173 million bitcoin remeasurement loss
Cash App's bitcoin business was down 31% year-over-year, while Square reported a negligible gross profit impact from crypto.
05/07/2026 10:11 PM IREN stock surges as Nvidia backs AI expansion with warrants tied to 30 million shares
Alongside the AI infrastructure expansion, Nvidia took warrants that may eventually convert into a $2.1 billion stake in IREN.
05/07/2026 09:01 PM JPMorgan says bitcoin is gaining over gold as debasement trade after Iran conflict
Investors are increasingly choosing bitcoin over gold as a debasement trade since the Iran conflict began, JPMorgan analysts said.
05/07/2026 07:35 PM Benchmark calls Bitdeer ‘comparatively inexpensive’ as it reiterates $27 price target for BTDR shares
Bitdeer’s AI cloud ARR hit $43 million as of end-March, a 105% jump month-over-month, as its self-mining hashrate continues to grow.
05/07/2026 06:50 PM ZachXBT accuses projects like LAB of ‘highly questionable price action’, posts $10,000 bounty for info on alleged market manipulation
ZachXBT has called out several projects for alleged manipulation, most recently including the AI trading terminal project called LAB.
05/07/2026 06:21 PM Bitcoin bulls ‘approaching the ceiling’ near $85K resistance with $1.69B ETF inflow streak and macro tailwinds aligned: analysts
Bitcoin trades near $81,000 after clearing key on-chain thresholds, with Glassnode flagging $85,200 as the next ceiling.
05/07/2026 06:08 PM Treasury demands Binance comply with monitoring guidelines amid reports over $1 billion flowed to Iran-linked groups: report
Binance is required to comply with monitoring program as part of pleading guilty to charges in 2023 related to sanctions and money laundering.
05/07/2026 04:39 PM JPMorgan says Strategy’s bitcoin buying could reach $30 billion this year at current pace
Michael Saylor's Strategy has added 145,834 bitcoin worth around $11 billion so far this year, JPMorgan analysts noted.
05/07/2026 04:02 PM Crypto ETF boom continues with debut of first fund to track Canton
A new crypto exchange-traded fund has entered the chat — the 21shares Canton Network ETF made its debut on Nasdaq Thursday.
05/07/2026 03:56 PM AWS taps Coinbase and Stripe to power USDC payments for AI agents
In the growing agentic economy, stablecoins are emerging as a key payment rail because of their low cost and programmability.
05/07/2026 03:00 PM Kalshi hits $22 billion valuation after $1 billion raise led by Coatue
Kalshi reached a $22 billion valuation after a $1 billion Series F, as institutional volume surged 800% since November 2025.
05/07/2026 02:55 PM Bitwise to take over Superstate’s $267 million tokenized Crypto Carry Fund
USCC will be renamed the Bitwise Crypto Carry Fund while keeping the same ticker, smart contracts, and token address.
05/07/2026 02:26 PM Kraken parent Payward to acquire Hong Kong stablecoin firm Reap for $600 million
Kraken parent Payward agreed to buy Hong Kong stablecoin payments firm Reap Technologies for $600 million in another acquisition.
05/07/2026 02:07 PM Mysten Labs’ Abiodun says Sui processed over $1 trillion in stablecoin volume since August as it eyes free, private payments
Sui processed over $1 trillion in stablecoin volume since August as Mysten Labs' Abiodun eyes a zero-fee and private payments rollout.
05/07/2026 01:37 PM TD Cowen raises Strategy price target to $395 on shift toward STRC issuance and improved BTC Yield outlook
TD Cowen raised its MSTR price target to $395, citing an STRC preferred issuance shift and a revised BTC Yield forecast for fiscal 2026.
05/07/2026 01:21 PM Kraken co-CEO says tokenized equities won’t ‘open the floodgates’ for institutions overnight
Sethi noted that most current demand is coming from fintech firms and users in emerging markets rather than large U.S. financial institutions.
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