The Block

Spiko raises $90 million Series B to expand tokenized cash funds

The Block reports that Spiko raised $90 million in Series B funding to scale its $2.7 billion tokenized cash fund business and expand into new markets.

Ondo launches tokenized private-market notes with pre-IPO AI exposure

Ondo Finance launched a private-markets platform offering tokenized notes, with the first tied to a pre-IPO artificial intelligence company, according to The Block, The Defiant and Cointelegraph.

ZachXBT says he fronted $349,700 to infiltrate Lazarus-linked launderers

ZachXBT claims he posed as a client and fronted $349,700 to infiltrate an alleged Chinese laundering network tied to the Lazarus Group and the Bybit hack, gathering intelligence that helped freeze funds.

Umia raises $6.1 million at $18 million FDV via UMIA token auction

The Block reports that Umia raised $6.11 million through a seven-day auction of its UMIA token, with ten funds and nearly 700 individual bidders participating.

CFTC proposes federal framework for leveraged retail crypto trading

The CFTC launched rulemaking on leveraged and margined retail crypto trading, proposing Regulation CTX and CAM and a new crypto asset market exchange, and is seeking public comment on a framework creating a new federal license for crypto exchanges.

FinCEN withdraws crypto mixer and unhosted wallet proposals

FinCEN withdrew a proposal to designate crypto mixing as a primary money laundering concern and a 2020 proposal on unhosted wallet reporting, according to multiple news reports. The agency cited concerns over a chilling effect on legitimate activity and said it will keep monitoring mixers.

Strive buys 2,000 bitcoin, holdings near 30,000 BTC

The Block and Decrypt report that Strive purchased 2,000 bitcoin, its largest buy since June, bringing its holdings close to 30,000 BTC. Decrypt states the company paid roughly $169 million and now holds 29,462 BTC.

• BTC −0.44%1h 1.3σ
• moved before the news

DeFi Development reports Solana holdings of about 2.56 million SOL

DeFi Development Corp reported preliminary Q3 estimates showing NAV per share more than doubled as its Solana treasury grew to 2.56 million SOL, per The Block. Decrypt reported the latest SEC filing shows the Solana stash grew 1% to about 2.56 million SOL and equivalents, slower than prior weeks.

• SOL −1.0%1h 1.8σ

Bitmine adds 15,112 ETH as Tom Lee says ether outperforms macro assets

Bitmine added 15,112 ETH, bringing its holdings past 6 million ETH, or 4.9% of supply and 99% of its "Alchemy of 5%" target, according to Decrypt. Chairman Tom Lee said Ethereum is "dwarfing" other macro assets and outperformed the S&P 500 by 6,832 basis points in Q3.

• ETH +0.40%1h 0.9σ

Strategy reports $21B Q3 digital asset gain, buys 334 BTC, holds 848,000 BTC

Strategy reported a $21 billion gain on digital assets in Q3 2026 and said it acquired 334 BTC and repurchased $176M of STRC, holding 848,000 BTC as of 10/4/26. Newswires reported the BTC purchase at $28.7 million and the STRC repurchase at about $176.3 million.

• BTC −0.34%1h 1.0σ

Visa and CoinShares surveys show rising crypto and stablecoin interest

Visa and CoinShares surveys indicate rising stablecoin interest in Asia Pacific and strong digital-asset ownership among affluent investors, according to The Block.

Metaplanet sold 10,000 BTC and bought 11,000 BTC in Q3, netting 1,000 BTC

Metaplanet sold 10,000 BTC and then bought back 11,000 BTC during the third quarter, ending with 44,000 BTC in total holdings, according to multiple news reports citing the company and its CEO.

• BTC +0.16%1h 0.5σ

Injective CEO expects US INJ ETFs before 2027

Injective CEO Eric Chen expects US INJ ETFs to launch sooner than 2027, according to The Block. The report notes two ETF applications tied to INJ: the 21Shares Injective ETF and the Canary Staked INJ ETF.

Bitcoin falls below $84,000 as oil jumps and liquidations rise

Multiple posts report bitcoin dropping below $84,000 on October 7, 2026, amid an oil rally tied to Iranian tanker attacks and rising long liquidations. Earlier posts describe repeated rejections near $87,000 and ETF outflows.

• BTC −0.65%1h 1.9σ

OKX-ICE venture files with SEC for tokenized US stock trading

OKXICE, a joint venture of OKX and NYSE parent ICE, has notified the SEC of plans to launch a tokenized US stock trading venue under the SEC's innovation exemption. Posts describe more than 60 tokenized stocks, permissioned Uniswap v4 pools on X Layer, and an objection from Cerebras.

Blast to shut down Ethereum layer-2 network as costs exceed revenue

Multiple news outlets report that Ethereum layer-2 Blast is winding down because operating costs exceed revenue, with users asked to withdraw by Oct. 26. Posts cite declining assets and remaining bridge funds.

• ETH −1.3%1h 2.6σ

BitGo CEO says Clarity's failure exposed capital markets to systemic risk

BitGo CEO Mike Belshe warned that Clarity's failure left systemic risks arising from one firm holding exchange, brokerage, and custody functions, and said the risk could be worse than Lehman.

ECB outlines three models for putting central bank money onchain

The Block reports that the ECB outlined three models for bringing central bank money onchain as financial institutions explore settlement infrastructure.

Robinhood crypto chief says SEC innovation exemption constrains US stock tokens

Robinhood's Johann Kerbrat told The Block that the SEC's latest innovation exemption on tokenized stocks poses a constraint on bringing stock tokens to the US, and that Robinhood is still working through it.

Hyperliquid and Circle press EU on perps and stablecoin reserves in MiCA review

Hyperliquid's policy group is asking for perpetuals to fall under MiFID II, and Circle is targeting MiCA's bank deposit floor, both in filings to the European Commission's MiCA review.

SEC proposes crypto custody framework for investment advisers and funds

The U.S. Securities and Exchange Commission proposed new rules and amendments to create a tailored framework for the custody of crypto assets by registered investment advisers and regulated funds. The proposal would allow self-custody in some cases and permit state trust companies to serve as custodians.

Drift opens DFX recovery claims covering about 1% of user losses

The Block and The Defiant report that Drift has opened DFX recovery claims, with an initial recovery pool covering roughly 1% of user losses and no firm timeline for full repayment.

Evernorth shareholders approve SPAC merger ahead of Nasdaq debut

Shareholders of Armada Acquisition Corp. II approved the merger with Evernorth, an XRP treasury company backed by Ripple, according to The Block, Decrypt and Cointelegraph. The posts state Evernorth expects to hold roughly 473 million XRP and to begin trading on Nasdaq.

• XRP +0.32%1h 0.4σ

NEAR Intents halts services after $3.8 million exploit, pledges compensation

Multiple news outlets report that NEAR Intents suffered a $3.8 million exploit and halted services, with the platform promising to compensate affected users. Deposits and withdrawals on 11 networks remain disrupted while repairs continue.

Robinhood Wallet adds Arcus as routing provider for Stock Token swaps

The Block reports that Robinhood Wallet has integrated Arcus as a routing provider for Stock Token swaps, giving eligible users access to more than 190 tokens.

Ethereum staking reward burn proposal EIP-8363 pulled from Hegota upgrade

The authors of an Ethereum staking reward burn proposal withdrew it from the Hegota upgrade, with co-author Jérôme de Tychey saying a scoping process was the wrong venue for an issuance change. The authors plan a separate issuance-policy process, with Lido among those offering to help after objections over validator economics.

• ETH +0.12%1h 0.3σ

Ethereum Foundation introduces zkAPI for private API payments

The Ethereum Foundation introduced zkAPI, a system letting users pay for metered APIs using zero-knowledge proofs so providers cannot link requests to payers. Coverage reports it is live on mainnet and supports prepaid access, with one outlet noting prompts are not concealed from AI providers.

• ETH −0.03%1h 0.1σ

Bitwise CIO says Clarity Act failure sped up crypto regulatory wins

Bitwise CIO Matt Hougan claims the Clarity Act's defeat left crypto with fewer restrictions and faster SEC action.

CFTC wins over $30 million judgment in Fundsz crypto fraud case

The CFTC secured a court judgment of over $30 million against defendants in the Fundsz fraud case, according to The Block. The agency said two defendants participated in a crypto scheme they then tried to walk back.

Base launches Cobalt upgrade with conditional transactions

Base has launched its Cobalt upgrade, which adds conditional transactions and new functions for assets issued under its B20 standard, according to The Block, The Defiant and Cointelegraph.