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Block Inc. Stock Jumps 8% on Q1 Earnings Beat Despite Bitcoin Revenue Dip

Markets

Block Inc. Stock Jumps 8% on Q1 Earnings Beat Despite Bitcoin Revenue Dip

Block Inc. surprised analysts with a strong Q1 earnings report, sending its stock up 8%, even as its Bitcoin revenue saw a 26% decline due to strategic shifts in Cash App's transaction fees and trading dynamics.

Marcus Lee·2mo ago
Crypto Polo Cup Returns to Palm Beach, Signaling Maturation of Digital Asset Networking

Markets

Crypto Polo Cup Returns to Palm Beach, Signaling Maturation of Digital Asset Networking

The fourth annual Crypto Polo Cup is set to convene institutional leaders, founders, and investors in Palm Beach, Florida, during Consensus Miami week. Hosted by Luna PR, the invite-only event underscores the growing convergence of traditional finance and digital assets, offering a unique high-caliber networking platfo

Isabel Duarte·2mo ago
Aave Liquidates Kelp DAO Hacker's rsETH, Nears Full Bad Debt Recovery on Ethereum and Arbitrum

DeFi

Aave Liquidates Kelp DAO Hacker's rsETH, Nears Full Bad Debt Recovery on Ethereum and Arbitrum

Aave has successfully liquidated a substantial portion of the Kelp DAO hacker's rsETH positions across Ethereum and Arbitrum, bringing the lending protocol close to fully recovering from the bad debt incurred during the exploit. This move underscores Aave's robust risk management and the resilience of its liquidation m

Jonah Fields·2mo ago
Bitcoin's Dominance Climbs Past 61%: Is an Altcoin Revival on the Horizon?

Markets

Bitcoin's Dominance Climbs Past 61%: Is an Altcoin Revival on the Horizon?

Bitcoin's market dominance has surged above 61%, signaling a potential shift in crypto market dynamics. While BTC leads, the question remains whether altcoins, despite recent volume shares, can follow suit or if a prolonged 'Bitcoin season' is underway.

Priya Sethi·2mo ago
Samsung SDS Tapped to Build South Korea's Blockchain Securities System

Regulation

Samsung SDS Tapped to Build South Korea's Blockchain Securities System

Samsung SDS has secured the pivotal contract to develop South Korea's blockchain-based securities system for the Korea Securities Depository, marking a significant step towards the nation's security token framework set for 2027.

Elias Turner·2mo ago
Kelp DAO Shifts rsETH to Chainlink CCIP Amidst LayerZero Blame Game Post-$292M Exploit

Markets

Kelp DAO Shifts rsETH to Chainlink CCIP Amidst LayerZero Blame Game Post-$292M Exploit

Following a significant $292 million exploit, Kelp DAO is migrating its rsETH token to Chainlink's CCIP, while a heated dispute continues with LayerZero over responsibility for the security breach.

Sofia Malik·2mo ago
Ripple CEO Garlinghouse Warns: Stablecoin Compromise Doesn't Guarantee US Crypto Bill Passage

Regulation

Ripple CEO Garlinghouse Warns: Stablecoin Compromise Doesn't Guarantee US Crypto Bill Passage

Despite a reported breakthrough on stablecoin yield, Ripple CEO Brad Garlinghouse cautions that a comprehensive US crypto market structure bill is far from a certainty, highlighting ongoing legislative hurdles.

Luca Bennett·2mo ago
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