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.
The Block
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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.
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.
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.
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…
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.
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.
Galaxy Digital swings to $323 million quarterly profit, announces new $200 million share buyback
Galaxy returned to profitability in the third quarter as trading volumes and lending increased, with a new $200 million buyback authorized.
Bitcoin mining infrastructure firm Luxor raises $16 million to expand AI business
The company plans to expand its AI business and hire about 12 people by year-end, COO Ethan Vera told The Block.
Crypto Market Structure Explained
Crypto market structure is the architecture behind digital asset markets. It explains who participates, where trades happen, how liquidity forms, how prices are discovered, how derivatives and funding rates work, and how market design affects execution, fairness, risk, and resilience.
Zcash co-founder proposes ending grants subsidy, citing $125 million treasury
Zcash co-founder Sean Bowe proposed ending automatic grants funding, citing a treasury valuation of more than $125 million.
Ark Invest buys $5.2 million of Circle shares, sells $15.9 million of its own Bitcoin ETF as BTC grinds lower
Ark Invest rebalanced its fund weightings, adding Circle shares and trimming its Bitcoin ETF holdings as BTC fell below $80,000.