Block Lore - BLOCKLORE (Page 6)

BLOCKLORE

Sign in Subscribe

Block Lore

Utila Raises $18 Million in Series A to Power Stablecoin Shift in Crypto Payments

Utila Raises $18 Million in Series A to Power Stablecoin Shift in Crypto Payments

Utila, a platform providing institutional-grade cryptocurrency wallets, has secured $18 million in a Series A funding round as businesses increasingly turn to stablecoins for payments and treasury management. Announced on March 19, 2025, the investment highlights a growing trend in the crypto world toward practical, real-world applications. The round was

Web3 Developer Halliday Secures $20 Million in Series A Funding Led by a16z Crypto

Web3 Developer Halliday Secures $20 Million in Series A Funding Led by a16z Crypto

Halliday, a rising star in the web3 space, has raised $20 million in a Series A funding round led by a16z crypto, the cryptocurrency arm of venture capital giant Andreessen Horowitz. The investment, announced on March 18, 2025, brings the workflow protocol developer’s total funding to $26 million, signaling

Gemini Appoints New CFO Amid IPO Speculation and Regulatory Shift

Gemini Appoints New CFO Amid IPO Speculation and Regulatory Shift

Crypto exchange Gemini has named Dan Chen as its new Chief Financial Officer (CFO), signaling a potential strategic shift as the company reportedly considers an initial public offering (IPO). Chen, formerly Vice President of Capital Markets at Affirm, announced his new role on Monday via X, expressing enthusiasm for the

Robinhood Partners with Kalshi to Launch Prediction Markets Hub

Robinhood Partners with Kalshi to Launch Prediction Markets Hub

Robinhood is expanding into prediction markets, introducing a new hub for betting on politics, economics, and sports through its subsidiary, Robinhood Derivatives. The initiative, launched in partnership with U.S.-based prediction market firm Kalshi, marks Robinhood's deeper push into event-based trading. We're excited to power

Trump-Backed World Liberty Financial Raises $550 Million in Public Token Sale

Trump-Backed World Liberty Financial Raises $550 Million in Public Token Sale

World Liberty Financial (WLFI), a decentralized finance (DeFi) project backed by former U.S. President Donald Trump, has successfully completed its latest public token sale, raising $550 million. This brings the project's total funding to $590 million, including private investment rounds, according to data from ICO Drops. The

Russia Turns to Cryptocurrency for Oil Trade with China and India Amid Western Sanctions

Russia Turns to Cryptocurrency for Oil Trade with China and India Amid Western Sanctions

Russia is increasingly using cryptocurrencies like bitcoin and ether to conduct a small but growing portion of its oil trade with China and India, helping it navigate around Western sanctions, Reuters reported Friday. Four sources with direct knowledge of the transactions, speaking anonymously due to the sensitive nature of the

Crypto Trading Volumes Plunge 20% in February Amid Trump Tariff Fears

Crypto Trading Volumes Plunge 20% in February Amid Trump Tariff Fears

Crypto traders hit the pause button last month, spooked by President Donald Trump’s tariff threats against big players like Mexico, Canada, and China. The worry that these trade walls could choke global commerce sent investors scurrying from risky bets like cryptocurrencies, and the numbers took a dive. According to

Ripple Secures UAE License to Tap $40 Billion Payments Market

Ripple Secures UAE License to Tap $40 Billion Payments Market

Ripple, a trailblazer in blockchain-based payments, made waves on Thursday with news that it’s secured regulatory approval to roll out crypto payment services in the Dubai International Finance Center (DIFC). This isn’t just a win for Ripple—it’s a first. The company now holds the distinction of

DeFi Education Fund Appoints Tuminelli as Executive Director Amid Washington’s Crypto Push

DeFi Education Fund Appoints Tuminelli as Executive Director Amid Washington’s Crypto Push

Big changes are afoot at the DeFi Education Fund, and it’s got a human touch. On Thursday, the group announced that Amanda Tuminelli, its Chief Legal Officer, will step up as the new executive director. This isn’t just a routine handover—it’s happening right as Washington lawmakers

US Inflation Dips to 2.8% in February 2025 as Tariffs Loom Large

US Inflation Dips to 2.8% in February 2025 as Tariffs Loom Large

Inflation in the United States slowed to 2.8% in February, offering a bit of relief to consumers and businesses, though looming tariffs could soon nudge prices higher. The Labor Department reported Wednesday that consumer prices rose 2.8% compared to a year ago, down from January’s 3% increase

Strobe Ventures Breaks Free from BlockTower, Targets $100M Fund II

Strobe Ventures Breaks Free from BlockTower, Targets $100M Fund II

Strobe Ventures has officially taken flight as an independent firm, spinning out from BlockTower Capital’s venture unit with $235 million in assets under management (AUM). The newly minted company, led by former BlockTower execs, is already plotting its next move: a $100 million second fund to fuel innovative startups.

Hyperliquid Token HYPE Drops 8.5% After $4 Million Vault Loss in Whale Liquidation

Hyperliquid Token HYPE Drops 8.5% After $4 Million Vault Loss in Whale Liquidation

The price of Hyperliquid’s native token, HYPE, slid 8.5% on Wednesday morning, dipping from $14.04 to $12.84, after a major trader’s liquidation rocked its community-owned vault. The event left the Hyperliquid HLP vault—a key feature of the decentralized futures exchange—with a $4 million

Rumble Boosts Bitcoin Holdings with $17.1 Million Investment

Rumble Boosts Bitcoin Holdings with $17.1 Million Investment

Rumble, a fast-growing video-sharing and cloud services platform (NASDAQ: RUM), has taken a bold step into the cryptocurrency world by purchasing approximately 188 Bitcoin for $17.1 million. The move aligns with the company’s earlier pledge to invest up to $20 million in Bitcoin as part of its treasury

Ark Invest Snaps Up $11.5 Million in Coinbase Shares Amid Crypto Market Dip

Ark Invest Snaps Up $11.5 Million in Coinbase Shares Amid Crypto Market Dip

Cathie Wood’s Ark Invest didn’t blink on Monday, diving in to buy $11.5 million worth of Coinbase shares as the crypto exchange’s stock took a 17.6% nosedive in a wild market session. The haul? A tidy 52,753 shares ($9.4 million) for the Ark

Ethereum’s Holesky Testnet Regains Finality After Pectra Delay

Ethereum’s Holesky Testnet Regains Finality After Pectra Delay

Ethereum’s Holesky testnet hit a milestone on Monday, achieving finality—a state where transactions are permanently locked into the blockchain—nearly two weeks after the rollout of the Pectra upgrade. The breakthrough came at around 19:00 UTC during epoch 119,090, a timeframe when a set number of

Solana’s SOL Dips Below Key $134 Mark for First Time in Three Years Amid Market Slide

Solana’s SOL Dips Below Key $134 Mark for First Time in Three Years Amid Market Slide

Solana’s native cryptocurrency, SOL, took a significant hit this week, dropping as much as 8% to $124 during a widespread decline across the crypto market on Monday. This marks the first time since May 2022 that SOL has fallen below its realized price of $134—a critical benchmark reflecting

SEC Acting Chair Seeks to Roll Back Crypto Trading Platform Proposal

SEC Acting Chair Seeks to Roll Back Crypto Trading Platform Proposal

Mark Uyeda, the Acting Chairman of the U.S. Securities and Exchange Commission (SEC), has signaled plans to reverse a widely criticized rule that sought to broaden the agency's oversight to include cryptocurrency trading platforms. The rule, initially proposed under former chairman Gary Gensler, aimed to expand the

XRP Price Faces Critical Support After Significant Weekly Decline

XRP Price Faces Critical Support After Significant Weekly Decline

XRP took a serious beating last week, plunging more than 27% in the seven days ending March 9. That's not just any decline – it's the cryptocurrency's biggest weekly percentage drop since way back in November 2022, according to the latest data from TradingView and

Strategy Aims to Raise $21 Billion Through Preferred Stock to Expand Bitcoin Holdings

Strategy Aims to Raise $21 Billion Through Preferred Stock to Expand Bitcoin Holdings

In a bold financial maneuver that has caught the attention of both cryptocurrency enthusiasts and traditional investors alike, Strategy – the company that rebranded from MicroStrategy – has unveiled plans to raise up to $21 billion by selling its 8% Series A perpetual preferred stock. According to documents filed with the Securities

US Authorities Shut Down Russian Crypto Exchange Garantex After $100 Billion in Transactions

US Authorities Shut Down Russian Crypto Exchange Garantex After $100 Billion in Transactions

US and European law enforcement agencies have successfully dismantled Garantex, a Moscow-based cryptocurrency exchange that authorities claim processed nearly $100 billion in transactions, with a substantial portion linked to criminal organizations and terrorist groups. The exchange, which had become a crucial financial channel for Russians following Western sanctions on the

Canary Capital Reportedly Registers Sui ETF Entity in Delaware

Canary Capital Reportedly Registers Sui ETF Entity in Delaware

A new filing in Delaware's official registration portal suggests that investment firm Canary Capital may be preparing to launch another cryptocurrency exchange-traded fund (ETF), this time focused on the Sui blockchain token. According to records, an entity named "Canary Sui ETF" was registered on March 6,

Warren Demands Financial Transparency from Trump's Crypto Czar Ahead of White House Summit

Warren Demands Financial Transparency from Trump's Crypto Czar Ahead of White House Summit

Senator Elizabeth Warren has formally requested that David Sacks, President Trump's recently appointed cryptocurrency advisor, publicly disclose his financial interests amid concerns about potential conflicts of interest in the administration's new crypto initiatives. In a letter sent Thursday, Warren (D-Mass.) called for Sacks to release details

Euro Heads for Best Weekly Performance in 16 Years as Dollar Weakens Before US Jobs Report

Euro Heads for Best Weekly Performance in 16 Years as Dollar Weakens Before US Jobs Report

The euro is on track for its strongest weekly gain against the dollar in 16 years this Friday, bolstered by Germany's significant fiscal reform plans. Meanwhile, the US dollar hovers near a four-month low as markets await the latest American employment figures. Currency markets experienced considerable volatility this

Bitwise Partners with Maple Finance to Launch Bitcoin-Backed Lending in DeFi

Bitwise Partners with Maple Finance to Launch Bitcoin-Backed Lending in DeFi

Bitwise, a prominent crypto asset manager and ETF provider, has stepped into the world of decentralized finance (DeFi) through a new partnership with Maple Finance, a specialist in on-chain credit. Announced Thursday, this collaboration introduces Bitwise’s first allocation into DeFi, offering a bitcoin-backed lending product to accredited U.S.

Solana Faces Critical Decision on Reducing SOL Token Inflation Rate

Solana Faces Critical Decision on Reducing SOL Token Inflation Rate

Solana’s leadership is weighing a bold economic shift that could make its cryptocurrency, SOL, more attractive to investors by slashing its inflation rate. However, the proposal has sparked concerns that it might push out smaller validators—key players in keeping the network decentralized. At the heart of the discussion