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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.
12/20/2025 08:12 PM Bipartisan House lawmakers unveil crypto tax framework with stablecoin safe harbor, staking deferral: Bloomberg
A Democrat and a Republican on the House Ways and Means Committee have unveiled a draft bill to bring clarity to crypto taxation in the United States.
12/20/2025 06:42 PM Brooklyn man indicted for allegedly stealing $16 million from Coinbase users through phishing scheme
The defendant reportedly told friends he lost $6 million gambling on crypto, and went by "@lolimfeelingevil" on Telegram.
12/20/2025 04:32 PM Crypto trader loses $50 million in address poisoning attack, offers $1 million bounty for return
The victim of a similar $71 million address poisoning attack in 2024 managed to recover nearly all available funds, lending hope to the scam's latest victim.
12/19/2025 10:08 PM CryptoQuant says bear market has started, sees bitcoin downside risk to $70,000
CryptoQuant sees bitcoin downside risk toward around $70,000, and said it could fall as low as $56,000 if the downtrend continues.
12/19/2025 09:20 PM Crypto’s Capitol Hill champion Sen. Lummis says she won’t seek re-election
Sen. Cynthia Lummis — a leading force behind efforts to pass sweeping crypto legislation — said she will not seek reelection.
12/19/2025 07:08 PM The Daily: Terraform Labs liquidator sues Jump Trading, US crypto czar David Sacks confirms Clarity Act markup for January, and more
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
12/19/2025 06:55 PM Coinbase says Trump’s Big Beautiful Bill could push gamblers into arms of prediction markets
The company has recently become more active in prediction markets space including a partnership with Kalshi.
12/19/2025 06:16 PM SEC seeks multi-year officer, director bans for former Alameda CEO Ellison and former FTX execs Wang and Singh
The SEC looks to bar Caroline Ellison and former FTX executives Gary Wang and Nishad Singh from being directors for several years.
12/19/2025 04:35 PM Fed seeks public input on ‘skinny master account’ for limited access to the central bank
The Federal Reserve is seeking public feedback on a proposed “payment account” — informally dubbed a “skinny master account."
12/19/2025 04:20 PM DraftKings launches standalone predictions app under CFTC oversight
DraftKings can offer event contracts in states that still prohibit online sports betting, expanding reach without changing state gaming laws.
12/19/2025 02:23 PM Weekly Hyperliquid outflows top $430M as Lighter and Aster tighten perp DEX competition: Dune
Hyperliquid has posted more than $430 million in weekly outflows as competition from fast-growing rivals Lighter and Aster intensifies.
12/19/2025 01:53 PM Bybit relaunches UK crypto platform after 2023 exit linked to FCA rules
The launch gives UK users access to spot trading across 100 pairs and peer-to-peer services supported by Bybit's global infrastructure.
12/19/2025 11:38 AM Cathie Wood’s Ark Invest scoops up more Coinbase shares following crypto exchange’s ‘System Update’ event
The investment firm also picked up another 575,644 shares in Solana treasury company Solmate amid its latest fund rebalancing.
12/19/2025 11:35 AM Ethereum developers name post-Glamsterdam upgrade ‘Hegota’ as 2026 roadmap takes shape
Glamsterdam and Hegota are expected to continue Ethereum's twice-a-year upgrade schedule in 2026 following Pectra and Fusaka.
12/19/2025 09:09 AM Crypto ponzi scheme IcomTech’s senior promoter sentenced to six years in prison
Magdaleno Mendoza, 56, was sentenced to 71 months in prison for his role in helping orchestrate a crypto Ponzi scheme in the U.S.
12/19/2025 06:50 AM Terraform Labs liquidator sues Jump Trading for $4 billion in damages
A spokesperson for Jump reportedly called the lawsuit a 'desperate attempt' to shift blame and responsibility away from Terraform and Kwon.
12/19/2025 05:28 AM Coinbase sues Michigan, Illinois and Connecticut over prediction market oversight
The lawsuits follow Coinbase's announcement a day earlier that it plans to enter prediction markets through a partnership with Kalshi.
12/19/2025 03:33 AM ‘We are closer than ever’: US crypto czar David Sacks says Clarity Act markup confirmed for January
Markup sessions review, amend, and vote on the bill in the committee before it advances to a full floor vote in the Senate.
12/19/2025 01:29 AM Senate confirms CFTC Chair pick Michael Selig as agency takes larger role regulating crypto
The U.S. Senate voted to advance President Trump’s nominee, Michael Selig, to lead the Commodity Futures Trading Commission.
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