The Block

The Block

Benzinga Contributor

Uniswap Frontend is Feeling the Pressure Since Fee Hike
In mid-April, Uniswap Labs (CRYPTO: UNI) increased the fee to swap on its interface from 0.15% to 0.25%. The fee applies to most, but not all, swaps that are executed using the Uniswap web interface and wallet. Using the Uniswap Labs interface is not the only way to use Uniswap.
Eclipse CEO Steps Back Amid Harassment Allegations
Eclipse CEO Neel Somani said Thursday he is stepping back from the Layer 2 project shortly after a flurry of sexual harassment allegations against him resurfaced. Somani denied any misconduct in a post on X, adding that the role reduction is temporary. The announcement came roughly a day after allegations of the Layer 2 founder's sexual misconduct swirled on X.
White House Set to Nominate CFTC Commissioner Johnson to Treasury Role: Bloomberg
The White House is set to nominate Commodity Futures Trading Commission's Kristin Johnson to a top position at the U.S. Treasury Department, Bloomberg reported on Thursday.
SEC Chair Gary Gensler Says Investors Lack Needed Crypto Disclosures Following Multiple Wells Notices
Securities and Exchange Commission Chair Gary Gensler says investors are not getting vital crypto disclosures after the agency handed out notices to multiple crypto entities that it plans to bring enforcement actions against. Gensler was asked Tuesday morning on CNBC Squawk Box about the agency's recent move to file a Wells Notice against Robinhood (NASDAQ:
ZKM Raises $5 Million Ahead of Bitcoin-Based Layer 2 Launch
Ethereum (CRYPTO: ETH) scaling solution ZKM has raised $5 million in an early-stage funding round as it prepares to launch its Bitcoin-based (CRYPTO: BTC) Layer 2 network.
Solana DePIN Ambient Raises Funds Ahead of Token Launch, Acquires PlanetWatch
Ambient, a Solana-based (CRYPTO: SOL) decentralized physical infrastructure network (DePIN) focused on collecting environmental data, has raised $2 million in a seed funding round. Borderless Capital led the round, with Solana Ventures, Parami Investors, Sonic Boom Ventures, Primal Capital and others parti
Donald Trump to Spend Day Off From Trial with NFT Buyers: Report
Former United States President Donald Trump is planning to spend his day off from trial having dinner with his supporters who bought his "Mugshot Edition" NFTs, U.S. news outlet Axios reported Wednesday. Trump reportedly flew home to Palm Beach, Florida, on Tuesday to meet his supporters for dinner at Mar-a-Lago the next evening.
ZkSync 'Hyperchain' Sophon Raises $60 Million Via Node Sale
Sophon, a zkSync "hyperchain" or a Layer 2 network being built using Matter Labs' modular, open-source framework ZK Stack, has raised around $60 million via a node sale. The sale offered 200,000 nodes for purchase with a tiered pricing model, ranging from 0.0813 ETH to 2.0556 ETH (CRYPTO: ETH) per node.
Dutch Authorities Arrest ZKasino Team Member Amid Rug Pull Allegations
Dutch financial crime investigators arrested a 26-year-old man on Monday for charges of fraud, embezzlement, and money laundering related to an alleged rug pull scheme behind the Web3 gambling network ZKasino.
Logos Inscribes its Manifesto on Largest-Ever Bitcoin Block
Logos, a decentralized and privacy-focused technology stack, inscribed its manifesto document on what is the largest-ever Bitcoin (CRYPTO: BTC) block mined on record. The inscription was 3.99 MB in size and precedes the launch of an Ordinals collection.
SEC Postpones Decision on 7RCC Spot Bitcoin and Carbon Credit Futures ETF
The Securities and Exchange Commission said it will take more time to decide next steps on a proposed exchange-traded fund focused on carbon credit futures contracts and Bitcoin (CRYPTO: BTC). In a filing made on Thursday, the agency said it would decide to "approve or disapprove, or institute proceed
CFTC Commissioner Johnson Proposes AI Recommendations, Looping in DeFi
The Commodity Futures Trading Commission's Kristin Johnson proposed recommendations such as heightened penalties to address artificial intelligence in financial markets, including decentralized finance. In a speech delivered at the Sidley Austin and Rutgers Law School Fintech and Blockchain Symposium, Commissioner Johnson outlined her concerns about AI and how that applies to DeFi.
Victim Loses Over $71 Million Worth of WBTC in Purported 'Address Poisoning' Attack
Someone lost over $71 million worth of Wrapped Bitcoin (CRYPTO: WBTC) in what appears to be an address poisoning attack.
Stablecoin Volumes Stay Strong as FDUSD Hits Record High, While USDT Declines
Monthly USD-pegged stablecoin volumes in April fell just short of beating the previous month despite First Digital USD (CRYPTO: FDUSD) having its best month on record. FDUSD volumes surpassed $18 billion, according to The Block Dashboard, more than doubling March's activity. "First Digital USD has been getting a boost since it became the prominent stablecoin
VanEck Says About $175 Billion in Bitcoin Held by ETFs, Nations and Companies
VanEck said in a new report that a total of roughly $175 billion in Bitcoin (CRYPTO: BTC) is currently being held across the various ETFs, nations and public and private companies that have acquired the popular cryptocurrency. "Bitcoin interest among institutional investors has also increased.
MicroStrategy Plans to Launch Decentralized ID Solution: Report
MicroStrategy (NASDAQ: MSTR) plans to launch a bitcoin-based decentralized identity protocol. The solution, called MicroStrategy Orange, stores and calls users' personal information, using unspent transaction output (UTXO) on the Bitcoin (CRYPTO:
Read the Runes: Bitcoin's Market Cap to Transaction Fee Ratio Briefly Falls Below Ethereum's
Runes have been taking over the Bitcoin (CRYPTO: BTC) network.
Prospective Stablecoin Bill Unlikely to be Attached to Upcoming FAA Reauthorization: Democratic Aide
A prospective stablecoin bill will likely not be included in upcoming must-pass Federal Aviation Administration legislation as lawmakers try to get the bill across the finish line. House and Senate leadership have indicated the FAA will be "clean" of bills lawmakers have been looking to attach, so it is unlikely that a stablecoin bill will be included, according to a Democratic aide.
Uniswap Enables Crypto Purchases Via Robinhood Connect
Uniswap (CRYPTO: UNI) users can now use Robinhood Connect to buy cryptocurrencies using funds from Robinhood, a debit card or via bank transfer. Robinhood Connect became available this week to users on the Uniswap mobile app, the decentralized exchange (DEX) said Monday in a statement.
Coinbase Rolls Out Lightning Network Support in Collaboration with Lightspark
Coinbase (NASDAQ: COIN), the largest U.S.