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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.
05/05/2026 10:29 PM CFTC looks to cement non-custodial software developer protections following Phantom no-action letter
The CFTC is considering writing rules to further cement its stance on whether software developers should register as brokers with the agency.
05/05/2026 10:22 PM Kelp DAO ditches LayerZero for Chainlink’s cross-chain infrastructure following $292 million exploit
Many onlookers blame LayerZero's default infrastructure setup because the cross-chain bridge that was attacked used a 1-of-1 configuration.
05/05/2026 10:17 PM Strategy posts $12.5 billion Q1 loss as execs tout STRC ‘big success’
The premier bitcoin treasury company said strong demand for STRC helped it raise $5.58 billion out of a total $11.68 billion so far this year.
05/05/2026 10:00 PM Ledger integrates Hyperliquid perps trading in its hardware wallets via Yield.xyz
About 20% of Ledger users will be able to access Hyperliquid's onchain perps markets from their hardware wallets.
05/05/2026 09:39 PM CME Group to launch cash-settled bitcoin volatility futures
Traders use volatility products to speculate on or hedge against swings without having to take a directional bet on prices.
05/05/2026 09:34 PM ‘We do not see a middle ground’: TD Cowen says stablecoin yield fight could still delay crypto bill
The dispute could still delay the crypto bill and reduce the chances of it passing this year, despite a proposed compromise, the firm said.
05/05/2026 08:15 PM SoFi to launch its stablecoin on Solana, citing speed and cost
SoFiUSD is a fully reserved U.S. dollar stablecoin issued by SoFi Bank, a nationally chartered bank.
05/05/2026 06:27 PM State Street and Galaxy launch fund on Solana designed to ‘sweep’ stablecoins into productive vehicle
The State Street Galaxy Onchain Liquidity Sweep Fund lets investors push stablecoins into a yield-bearing tokenized fund.
05/05/2026 06:21 PM MoonPay acquires Solana execution layer firm DFlow used by Coinbase, Phantom
DFlow is used by both Coinbase and Phantom and has processed over $50 billion in cumulative trading volume.
05/05/2026 05:32 PM Ripple CEO Brad Garlinghouse warns next two weeks are critical for crypto legislation
The next two weeks will be pivotal in passing broader cryptocurrency legislation, says Ripple CEO Brad Garlinghouse.
05/05/2026 05:23 PM MoneyGram supports crypto-to-cash withdrawals for Kraken users
The firms plan to expand this partnership beyond cash withdrawals to support local bank deposits and cross-border remittance flows.
05/05/2026 05:16 PM Google Cloud, Solana Foundation roll out new pay-as-you-go system for AI agents
The Solana Foundation's Pay.sh provides a way for AI bots to discover, access, and pay for API usage on Google Cloud.
05/05/2026 04:43 PM IREN snaps up Mirantis in $625 million all-stock deal to round out its AI cloud platform
Analysts say that IREN's deal implies roughly four to five times revenue valuation for privately held Mirantis.
05/05/2026 03:46 PM Securitize taps Jump and Jupiter as it rolls out fully onchain, regulated onchain stocks
Jump will provide institutional liquidity via its PropAMM, while Solana DeFi aggregator Jupiter will support retail and institutional access.
05/05/2026 03:31 PM Wormhole bridges ‘canonical’ version of Bittensor’s TAO token to Solana
The activation is powered by Wormhole Labs’ Sunrise platform, which acts as a "day-one asset gateway" for bridging native assets.
05/05/2026 03:30 PM Coinbase doubles down on Centrifuge investment, taps platform as tokenization partner for Base
Centrifuge will be the go-to platform for launching tokenized assets on Base, the Ethereum blockchain incubated by Coinbase.
05/05/2026 03:28 PM Cipher Digital loses $114 million in Q1 as bitcoin miner accelerates AI data center pivot
The company has been pivoting from a pure-play mining model and toward leasing power and infrastructure to AI and cloud providers.
05/05/2026 03:24 PM Sequans sells 1,025 bitcoin to fund debt redemption and buybacks as revenue drops 24.8%
Sequans sold 1,025 bitcoin, cutting its treasury reserves to 1,114 BTC, as Q1 revenue fell 24.8% to $6.1 million.
05/05/2026 01:23 PM Global crypto ETP inflow streak extends to five weeks, masking sharp intraweek reversal: CoinShares
The inflows mark the fifth straight positive week, though the total masked strong outflows that were reversed by a single session on Friday.
05/05/2026 01:04 PM Coinbase cuts 14% of staff as it navigates downturn, shifts to AI-native operations
Coinbase CEO Brian Armstrong confirmed the layoffs on X, saying that the company's business remains "volatile" from quarter to quarter.
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