The Block 26
Crosschain protocol Across restores systems after domain hijack
Attackers gained control of Across's official domain through a social engineering attack on its domain registrar, Namecheap.
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New York federal judge denies Novig’s injunction bid, rules its sports event contracts are not swaps
A federal judge ruled New York can enforce gambling laws against Novig after finding its sports contracts are not swaps.
Bitmine reports $6.3 billion net loss in latest fiscal year, driven by 44% ether decline
According to its SEC filing, nearly $6.23 billion of the net losses came from unrealized fair value losses on digital asset holdings.
NEAR AI says SGLang vulnerability exposed user account details in security breach
NEAR AI explained that it found no indication that stored Private Chat conversations or uploaded files were accessed.
BitGo revenue falls 51% in Q3 as trading slows; net income rises on treasury gains
The revenue decline was driven by continued soft crypto trading environment and a higher mix of lower-margin stablecoin transactions.
Securitize shares surge 12% in after-hours trading on Q3 results and River One acquisition agreement
The acquisition is expected to add a new layer of financing to Securitize, enabling the platform to offer asset-backed lending.
Formation notifies SEC to operate first tokenized securities venue on Solana
Launch is expected in early 2027, with tokenized shares of Exodus Movement, Forward Industries, and Galaxy Digital among initial offerings.
Zcash’s major network upgrade NU7 goes live on mainnet, cutting block time by threefold
NU7 also activates the Network Sustainability Mechanism, which removes 60% of each block's transaction fees from circulation.
IREN’s bitcoin mining revenue drops 58% as firm plans full exit by year-end
IREN has been shifting its focus to the AI infrastructure business, and its AI cloud revenue rose 182% in the past quarter to $200 million.
The Digital Chamber calls Sherrod Brown’s win ‘most consequential unfavorable result’ for crypto
Democrats are set to reorient the crypto policy debate toward stronger consumer protections and regulatory accountability, the group said.
French bank Crédit Mutuel Arkéa exploited for over $133 million, ZachXBT says
ZachXBT said he has a 'high degree of confidence' that the attacker is not associated with North Korea's Lazarus Group.
South Korea’s ruling party formally proposes deferral of crypto income tax
The party leader stated that the country should first enact the Digital Asset Basic Act, a comprehensive legal framework for crypto.
NEAR governance approves proposal to cut token issuance ceiling to 1.6%
NEAR's House of Stake passed HSP-029, which lowers the network's maximum annual issuance rate from 2.5% to 1.6% over 24 months.
Moody’s assigns investment-grade ratings to Ripple’s RLUSD stablecoin
Moody's Ratings assigned the RLUSD A2 long-term and P-1 short-term ratings, citing credit quality and market value of its reserve assets.
Datavault AI stock plummets 50% after firm says it cannot withdraw bitcoin tied to $150 million deal
The issue centers on a deal with Scilex, under which Scilex agreed to buy shares of Datavault AI for $150 million, payable in bitcoin.
Ripple gains final OCC approval to launch national trust bank and bring RLUSD under federal oversight
Ripple's structure places reserve management and custody under federal supervision while leaving issuance with the New York-regulated entity.
BlackRock joins SBI and Startale to link tokenized MMFs with Japanese yen stablecoins
BlackRock, SBI Holdings, and Startale will explore connecting tokenized money market funds with SBI's Japanese yen-pegged stablecoin JPYSC.
South Korea weighs fourth delay of crypto gains tax, eyes 2029 start: report
The delay reportedly aims to align with the U.S. schedule of integrating CARF, the OECD's international tax framework for digital assets.
South Korea to amend forex law to regulate stablecoins as payment instruments: report
South Korea is currently developing the Digital Asset Basic Act, which seeks to establish a comprehensive framework for crypto.
Chainlink partners with LG CNS to drive Korean won stablecoin expansion
LG CNS is set to integrate Chainlink's cross-chain, data, and orchestration infrastructure into its digital asset platform.
BitGo launches innovation unit to design crypto’s next breakout application
BitGo Labs will initially focus on the intersection of AI and crypto, stating that the AI economy needs crypto financial infrastructure.
MoonPay, Upbit parent Dunamu explore collaboration on stablecoin payments, GIWA expansion
The companies also plan to explore ways to broaden global access to Dunamu's Ethereum Layer 2, GIWA chain.
Injective partners with BDACS to bring Korean won stablecoin to RWA ecosystem
The move comes amid South Korea's regulatory developments to establish a framework for Korean won-denominated stablecoins.
Stablecoins move over $400 million per hour on average as off-hours transfers dominate, Coinbase and The Block study finds
Stablecoins are on track to reach $1.5 trillion in quarterly adjusted transfer volume by the end of 2027 at current growth rates, according to the report.
BlackRock’s IBIT Bitcoin ETF draws $665 million inflow, highest since October 2025
Min Jung, associate researcher at Presto Research, said investors could be positioning for a potential 'catch-up trade' in bitcoin.
Google demonstrates quantum computing breakthrough as observers weigh Q-day implications
Google demonstrated "magic state cultivation," potentially helping address one of quantum computing's most significant bottlenecks.
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