Ethereum Launches Fusaka, Citadel Sparks DeFi Controversy, Police Arrest Two in Crypto-Related Murder Case, and More Highlights of the Day
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
New Insights from EigenPhi Show a Decline in Sandwich Attacks on Ethereum
Exclusive data shows that MEV attacks hit hundreds of traders on Ethereum each month and continue to result in millions in losses.
Bitcoin Faces Rejection at $93.5K Amid Strong Bear Case and Fed Rate-Cut Speculations
Bitcoin price action fell back toward $90,000 on strong US jobs data as BTC ignored Fed rate-cut optimism, failing to flip the yearly open to support.
CFTC Approves Spot Cryptocurrency Trading on U.S. Exchanges, Opening New Opportunities for Investors
Acting CFTC Chair Caroline Pham said the move was intended to drive trading activity to US exchanges, rather than offshore ones “that lack basic safeguards.”
Kraken and Deutsche Börse Forge Strategic Partnership to Integrate Traditional and Digital Financial Markets
Kraken and Deutsche Börse Group announced a collaboration to create a two-way bridge between traditional market infrastructure and crypto-native platforms.
Meta Considers Major Cuts to Metaverse Division as Cryptocurrency Market Faces Significant Downturn, According to Report
Metaverse-linked crypto assets have collapsed from early-2025 peaks, a sign that the virtual-world narrative has largely lost steam.
Solana Treasury Solmate Shares Surge 11% Following RockawayX Merger Announcement
Solmate previously announced plans for an aggressive M&A strategy to bolster its treasury and staking operations.
Grayscale Launches Chainlink ETF with Strong $41 Million Debut Despite Hopes for Blockbuster Success
Analysts called the Chainlink ETF’s debut a “solid” launch, but the development has yet to attract enough liquidity to reverse the LINK token’s 39% decline over the past year.
CZ's YZi Expands Prediction Market Involvement Amidst Opinion's Rise to 40% Market Share
The YZi Labs-backed “Opinion” prediction market logged $1.5 billion in weekly volume just weeks after launch, outpacing Kalshi and Polymarket as prediction markets boom.
CoinDCX Report Reveals Indian Investors Diversifying into Wider Cryptocurrency Portfolios by 2025
CoinDCX’s Sumit Gupta said crypto is becoming a natural extension of traditional investing as Indian traders mature.
Bitwise CIO Affirms Strategy to Hold Bitcoin for Long-Term Growth
Bitwise CIO Matt Hougan said there is no mechanism that would force Strategy to sell its bitcoin, despite market concerns.
Two Ukrainian Men Arrested in Vienna Murder Case Connected to Cryptocurrency Wallet Theft
A 21-year-old Ukrainian man was reportedly found dead in the back of a burned out Mercedes after being forced to surrender his crypto wallets.