The Block 7
Initia halts network after security incident as attacker reportedly mints tokens
Onchain data shows a $2.7 million ether transfer as Initia investigates the scope of a security incident.
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Phantom rolls out Kalshi prediction markets to US users, says it’s ‘confident and comfortable’ amid state lawsuits
Phantom users will fund trades with CASH stablecoins, with market restrictions applied in Michigan, Nevada and Washington.
Utah likens Kalshi to a ‘back-alley gambling den’ in lawsuit naming Susquehanna firms
Utah seeks to recover alleged gambling profits and block Kalshi bets across sports, politics and culture.
Ethereum staking hits record as yields fall and Solana activity grows: Bitwise
A record 43.8 million ETH, nearly 36% of supply, was staked in Q3 as yields fell to 2.63%. Solana staking hit a record 440.5 million SOL.
SkyAI sells off entire Solana treasury as it launches $201 million buyback
SkyAI holds $223.8 million in cash after selling all its SOL, with its $3 buyback running through Oct. 29.
Strive’s bitcoin buying spree earns 27% price target hike from TD Cowen
Strive plans fresh funding for bitcoin purchases as TD Cowen sees warrant-related stock pressure easing.
Coinbase to power stablecoin-backed cards for Marqeta customers
The expanded partnership builds on Marqeta’s work powering Coinbase’s U.S. debit card offering in 2020.
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