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NEWS · enThe Block RSS

Coinbase adds Ripple’s RLUSD stablecoin across retail, exchange and Prime platforms

RLUSD is live on Coinbase with 1:1 USD conversion on XRP Ledger, Ethereum and Base, capping a big week of news for Ripple.

NEWS · enThe Block RSS

Avail launches ShieldTX privacy tool targeting copy-trading bots on Hyperliquid

Avail launched ShieldTX, a Hyperliquid privacy tool that creates a separate wallet for each perpetual futures position.

NEWS · enThe Block RSS

Crypto braces for potential shift in congressional oversight after midterms

Post-Clarity Act, the crypto sector could find itself navigating a very different political landscape under a new Congress.

NEWS · enThe Block RSS

Ripple expects $900 million annualized product revenue run rate as institutional business expands

Ripple expects a $900M annualized product revenue run rate by end of 2026, as RLUSD reaches $2.5B and payments near $150B in lifetime volume.

NEWS · enThe Block RSS

Moody’s assigns investment-grade ratings to Ripple’s RLUSD stablecoin

Moody's Ratings assigned the RLUSD A2 long-term and P-1 short-term ratings, citing credit quality and market value of its reserve assets.

NEWS · enThe Block RSS

Datavault AI stock plummets 50% after firm says it cannot withdraw bitcoin tied to $150 million deal

The issue centers on a deal with Scilex, under which Scilex agreed to buy shares of Datavault AI for $150 million, payable in bitcoin.

NEWS · enThe Block RSS

Robinhood Chain brings in $26 million as crypto revenue rises 20% in Q3

Robinhood’s blockchain boosted crypto revenue, while prediction markets brought in $173 million in the third quarter.

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CFTC sues Utah as battle over prediction market regulation intensifies

The CFTC is escalating its legal fight with states, suing Utah after the state filed a lawsuit against prediction market platform Kalshi.

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Crypto.com and OG.com launch US crypto perps with up to 5x leverage

The contracts have no expiration date and allow traders to bet on crypto prices rising or falling.

NEWS · enThe Block RSS

Canton-based trading platform Cancore raises $7.2 million at $60 million token valuation

Cancore, a Canton-based trading platform connecting assets on the network with liquidity on public blockchains, has raised $7.2 million in seed funding. Paper Ventures, dao5, ArkStream Capital, X Ventures, MH Ventures and Proof of Talk backed the round. There was no formal lead investor, though Paper Ventures and dao5 took the largest allocations, Cancore co-founder […]

NEWS · enThe Block RSS

SoFi discloses 503,000 crypto products as gross crypto revenue hits $162 million

SoFi broke out crypto products for the first time. Gross crypto revenue rose 20%, while total net revenue hit a record $1.39 billion.

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Ripple, BNY explore using the XRP Ledger to finance approved invoices

BNY adds XRP and RLUSD to its custody platform, as Ripple and C2FO test settling invoice payments on the XRP Ledger.