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☐ β˜† βœ‡ The Block

Spot bitcoin ETFs pull in $987 million last week as institutional demand recovers

By: Timmy Shen β€”
Spot bitcoin ETFs drew in $3.52 billion in net inflows in August, their largest monthly positive flows since September 2025.

☐ β˜† βœ‡ The Block

Michigan court orders Kalshi to keep blocking sports prediction markets

By: Timmy Shen β€”
The injunction converts a temporary restraining order issued in June, and violations would result in a fine of $500,000 per day.

☐ β˜† βœ‡ The Block

Kalshi and Polymarket’s combined volume falls 15% in August, first monthly decline in a year

By: Timmy Shen β€”
Kalshi recorded $37.17 billion in volume in August, while Polymarket and its US platform saw a combined $8.16 billion.

☐ β˜† βœ‡ The Block

DeFi Development Corp proposes $20 million preferred stock offering to buy more SOL

By: Timmy Shen β€”
The Nasdaq-listed company intends to use the proceeds to acquire more Solana and crypto-related investments.

☐ β˜† βœ‡ The Block

Russia’s largest bank forecasts $46 billion in first-year crypto exchange trading under new rules: report

By: Timmy Shen β€”
Sberbank's forecast comes as the country's new crypto regulations are set to take effect on Sept. 1, 2026.

☐ β˜† βœ‡ The Block

Connecticut sues Kalshi over sports event contracts in months-long legal feud

By: Timmy Shen β€”
Kalshi Head of Litigation Jovy Dedaj calls the move 'arbitrary and inconsistent enforcement,' as other platforms continue to operate there.

☐ β˜† βœ‡ The Block

Tornado Cash developer Roman Storm’s retrial pushed back to April 2027

By: Timmy Shen β€”
A jury convicted Storm on a count of money transmitting last year, but did not reach a verdict on other charges.

☐ β˜† βœ‡ The Block

RockawayX acquires Relayer Capital to expand crypto offerings in US

By: Timmy Shen β€”
Relayer will become the RockawayX Liquid Opportunities Fund, identifying 'undervalued liquid tokens and crypto-related equities.'

☐ β˜† βœ‡ The Block

Franklin Templeton partners with HashKey to offer tokenized money market fund in Asia

By: Timmy Shen β€”
HashKey said it has launched the Franklin OnChain US Government Liquidity Fund on the platform's Earn channel.

☐ β˜† βœ‡ The Block

Blockchain Association backs Treasury’s proposed GENIUS Act rules for stablecoin issuers

By: Timmy Shen β€”
It backs limiting client ID requirements to direct issuer-customer transactions in the primary market, while calling for clearer definitions.

☐ β˜† βœ‡ The Block

Anchorage CEO says AI agents need bank accounts for β€˜The Jetsons’-like future

By: Timmy Shen β€”
The firm has built an agentic banking platform with a 'know-your-agent' setup to facilitate AI-driven transactions.

☐ β˜† βœ‡ The Block

GSR’s Baehr says tokenized fixed income could play key role in institutional collateral

By: Timmy Shen β€”
The idea of mass tokenization of equities is "exciting," said Andy Baehr, managing director of asset management at GSR.

☐ β˜† βœ‡ The Block

Kalshi files to launch perpetual futures tied to US stock index, copper

By: Timmy Shen β€”
Kalshi has filed with the Commodity Futures Trading Commission to offer perps tied to the MerQube US Large Cap Index and copper.

☐ β˜† βœ‡ The Block

Blockchain Association backs SEC’s proposal to scrap outdated NMS rules, citing tokenization benefits

By: Timmy Shen β€”
The rules, established in 2005, have "failed to achieve their stated purposes," the Blockchain Association said.

☐ β˜† βœ‡ The Block

Ripple partners with South Korea’s Jeonbuk Bank for cross-border payments

By: Timmy Shen β€”
The Jeonbuk Bank collaboration marked Ripple's third Korean partnership this year, following those with Kyobo Life Insurance and Kbank.Β 

☐ β˜† βœ‡ The Block

Blockchain Association backs SEC’s proposal to scrap outdated NMS rules, citing tokenization benefits

By: Timmy Shen β€”
The rules, established in 2005, have "failed to achieve their stated purposes," the Blockchain Association said.

☐ β˜† βœ‡ The Block

Ripple partners with South Korea’s Jeonbuk Bank for cross-border payments

By: Timmy Shen β€”
The Jeonbuk Bank collaboration marked Ripple's third Korean partnership this year, following those with Kyobo Life Insurance and Kbank.Β 

☐ β˜† βœ‡ The Block

Blockchain Association backs Custodia’s Supreme Court bid over Fed master account access

By: Timmy Shen β€”
The industry group said the case is about ensuring 'lawful digital asset businesses can compete on equal footing.'
☐ β˜† βœ‡ The Block

FlightAware drops lawsuit against Kalshi one day after filing

By: Timmy Shen β€”
The flight tracker previously claimed that Kalshi improperly used its data and trademark to run prediction markets on flight cancellations.
☐ β˜† βœ‡ The Block

Bitwise cuts 14% of staff as crypto layoffs mount during market downturn

By: Timmy Shen β€”
Bitwise CEO Hunter Horsley told The Block that the crypto asset manager trimmed its global team to around 155 last week.
☐ β˜† βœ‡ The Block

FlightAware sues Kalshi over alleged unauthorized data use for flight cancellation markets

By: Timmy Shen β€”
FlightAware is also seeking a temporary restraining order to bar Kalshi from activities involving the flight-tracking site.
☐ β˜† βœ‡ The Block

β€˜Applesauce’: Michigan judge denies Coinbase bid to block state enforcement of sports event contracts

By: Timmy Shen β€”

"Coinbase's averments are, in a word, applesauce," U.S. District Judge Shalina Kumar wrote in Thursday's ruling.

☐ β˜† βœ‡ The Block

Senate delays Clarity Act vote until after August recess, Thune confirms

By: Timmy Shen and Sarah Wynn β€”

Senate Majority Leader John Thune confirmed with The Block, saying: 'We're getting that queued up first thing when we come back.'

☐ β˜† βœ‡ The Block

EU watchdogs warn scammers are posing as crypto firms and regulators after MiCA deadline: FT

By: Timmy Shen β€”

Crypto firms failing to secure MiCA authorization by July 1 must wind down or restrict services to EU clients.Β 

☐ β˜† βœ‡ The Block

Putin signs landmark crypto law allowing regulated retail trading in Russia

By: Timmy Shen β€”

The law continues to ban the use of crypto to pay for goods and services within Russia, while allowing use for cross-border settlements.

☐ β˜† βœ‡ The Block

Cipher slides 16% on wider Q2 losses as Bernstein sees upside from Texas power audit

By: Timmy Shen β€”

The bitcoin miner-turned-HPC developer posted a net loss of $267.5 million in Q2, more than five times the loss it registered a year ago.

☐ β˜† βœ‡ The Block

Crypto PAC Fairshake scores primary wins in Michigan and Washington

By: Timmy Shen β€”

Fairshake backed Michigan's Bill Huizenga and Washington's Suzan DelBene, Kim Schrier, Marilyn Strickland and Amanda McKinney.

☐ β˜† βœ‡ The Block

Mastercard completes BVNK acquisition to expand stablecoin payments infrastructure

By: Timmy Shen β€”

Mastercard said it will leverage BVNK's expertise to help enterprises scale use cases involving stablecoins and tokenized assets.

☐ β˜† βœ‡ The Block

Ripple invests in ZILO and Licuido to deepen tokenized capital markets push

By: Timmy Shen β€”

Ripple said the deals are set to bring regulated transfer agency, issuance, and collateral mobility to its infrastructure on the XRP Ledger.

☐ β˜† βœ‡ The Block

Hong Kong police flag $3.3 million romance scam involving fake crypto app

By: Timmy Shen β€”

Hong Kong police reported that an insurance agent lost more than $3.3 million after being lured into a fake crypto investment scheme.

☐ β˜† βœ‡ The Block

New York sues Kalshi over illegal gambling claims, seeks $36 billion in damages

By: Timmy Shen β€”

New York State is seeking at least $36 billion in compensatory damages from Kalshi, pending a full accounting.

☐ β˜† βœ‡ The Block

Ostium blames off-chain breach for $24 million exploit, rules out smart contract flaw

By: Timmy Shen β€”

The team said trader collateral was unaffected and that it will release a recovery plan for liquidity providers.

☐ β˜† βœ‡ The Block

Coalition of 44 state attorneys general says CFTC lacks authority over sports prediction markets

By: Timmy Shen β€”

The group of AGs sent a letter to the CFTC, urging the agency to draft new rules consistent with the Commodity Exchange Act.

☐ β˜† βœ‡ The Block

Ark Invest buys $12 million in SpaceX as it trims Block, Bullish and Robinhood holdings

By: Timmy Shen β€”

The firm sold $2.3 million worth of Block Inc. shares, $1.6 million worth of Bullish, and $4 million worth of Robinhood.

☐ β˜† βœ‡ The Block

Judge blocks Minnesota from enforcing prediction market ban in win for Kalshi, Polymarket

By: Timmy Shen β€”

A federal judge issued a preliminary injunction on Monday, blocking Minnesota from enforcing its new law banning prediction markets.

☐ β˜† βœ‡ The Block

South Korea’s KB Kookmin Bank to launch cross-border payment service on JPMorgan’s Kinexys: report

By: Timmy Shen β€”

The largest bank in South Korea plans to launch a blockchain-based cross-border corporate payments service next month, according to Yonhap.

☐ β˜† βœ‡ The Block

Circle partners with Kakao, Toss Bank to explore stablecoin payment rails in South Korea

By: Timmy Shen β€”

Circle plans to explore blockchain-based payment infrastructure in South Korea through partnerships with Kakao and Toss.

☐ β˜† βœ‡ The Block

South Korea’s Mirae Asset completes acquisition of Korbit crypto exchange

By: Timmy Shen β€”

Mirae Asset also plans to increase its stake from 92.06% to 97.15% through an additional deal later this week, local media reported.

☐ β˜† βœ‡ The Block

Arbitrum protocol AFX Trade hit by $24 million bridge exploit: Blockaid

By: Timmy Shen β€”

PeckShield flagged that the attacker bridged the stolen funds from Arbitrum to Ethereum and swapped them for 12,467 ETH.

☐ β˜† βœ‡ The Block

BIS warns USD stablecoins can evade capital controls, challenging traditional market regulations

By: Timmy Shen β€”

BIS says that FX restrictions and capital controls are less effective against stablecoins than against foreign currency bank deposits.

☐ β˜† βœ‡ The Block

HTX keeps rotating wallets to evade UK sanctions screening: TRM Labs

By: Timmy Shen β€”

UK authorities sanctioned the crypto exchange in May for its alleged role in facilitating Russian sanctions evasion.

☐ β˜† βœ‡ The Block

CoinShares launches UCITS platform targeting Europe’s institutional investors

By: Timmy Shen β€”

CoinShares is expanding into Europe's $30 trillion UCITS ecosystem with the launch of a new platform and a Bitcoin Mining ETF.

☐ β˜† βœ‡ The Block

Washington judge blocks Kalshi’s sports prediction markets over state gambling laws

By: Timmy Shen β€”

A Washington state court granted the state's motion for a preliminary injunction, saying Kalshi operates illegal gambling activities.

☐ β˜† βœ‡ The Block

Allbridge Core pauses protocol after $1.65 million flash loan exploit: onchain analysts

By: Timmy Shen β€”

Security firms PeckShield and CertiK flagged that the attacker has bridged the stolen funds from Solana to Ethereum.

☐ β˜† βœ‡ The Block

Taiwan sentences BitShine crypto exchange ringleader to 22 years in $39 million fraud case: reports

By: Timmy Shen β€”

The defendant reportedly led a criminal group that operated under the guise of BitShine, which was once registered with the FSC.

☐ β˜† βœ‡ The Block

UK gang jailed over $5.4 million crypto scam posing as police

By: Timmy Shen β€”

The gang impersonated police officers and used convincing fake police websites to steal more than Β£4M in cryptocurrency from eight victims.

☐ β˜† βœ‡ The Block

Bitcoin whale moves $383 million in BTC after 8 years of dormancy: onchain data

By: Timmy Shen β€”

A bitcoin OG wallet transferred 5,908 BTC to a new address on Wednesday, according to Lookonchain, citing Arkham data.

☐ β˜† βœ‡ The Block

California pair charged with laundering crypto proceeds from darknet fentanyl sales

By: Timmy Shen β€”

The pair allegedly shipped over 500 drug parcels over a seven-month period and laundered hundreds of thousands of dollars through crypto.

☐ β˜† βœ‡ The Block

TeraWulf falls 7% after New York orders one-year pause on new data center permits

By: Timmy Shen β€”

TeraWulf said that its data centers in New York remain operational and that its ongoing development plans are unaffected.

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