The Block
The Block: News or research resource for crypto markets, projects, and industry analysis.
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Related News & Analysis
RedotPay Delays US IPO Plans
...or this year to next year or later, according to Bloomberg. The company declined to comment on the delay but informed The Block that it obtained a US money transmission license this week and is preparing to launch produc...
US Plans to Deploy USS Washington to Replace USS Lincoln in the Middle East
According to The Wall Street Journal, the United States is preparing to send the USS Washington aircraft carrier to the Middle East to replace the USS Lincoln as part of a previously planned rotation. The USS Lincoln has...
OpenMed Claims Open Source Cutting-Edge AI Surpasses Closed Source Models This Week, Local Deployment is the Bottom Line for Medical Data Sovereignty
The open-source medical AI project OpenMed posted that this week, the performance of open-source cutting-edge AI has not disappointed, and has actually surpassed closed-source models, which is very beneficial for heal...
MUFG Launches Blockchain Settlement Proof of Concept for Japanese Government Bonds
...n Japanese government bond repurchase transactions based on the Canton network. The project aims to achieve on-chain synchronized delivery and settlement of government bonds and digital currencies, while exploring the on...
Canva's Valuation Adjusted to $34.9 Billion, AI Costs Exceed Expectations Impacting High Growth Valuation
...n, previously $38.9 billion. This adjustment comes as the company faces challenges in the AI era, recently lowering revenue growth expectations due to high costs of cutting-edge models and delaying some product lau...
Federal Reserve Suspends Treasury Purchases for Reserve Management
The New York Fed announced that from August 14 to September 14, it will not conduct U.S. Treasury purchases for reserve management purposes, planning only about $17 billion in reinvestment purchases. This move i...
Blockchain Association Submits Amicus Brief Supporting Wyoming Charter Bank Custodia's Supreme Court Petition
The Blockchain Association has submitted an amicus brief to the U.S. Supreme Court in support of Wyoming charter bank Custodia Bank's petition for a writ of certiorari, seeking to review whether the regional Federal Rese...
Raoul Pal: Billions of AI Agents Will Trade on the Blockchain, Existing Financial Systems Cannot Support It
Raoul Pal stated that smart contract networks are the only track for the economy to go on-chain, with billions of AI agents set to launch and continuously engage in high-frequency trading. AI agents will pay for...