The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Happy Friday! As we wrap up the first month of 2025, it's been another action-packed week in the crypto world. So grab a brew, take five and catch up on all the latest.
In today's newsletter, Elon Musk's father hopes to raise $200 million from the "Musk It" memecoin that has soared in value since his endorsement, a UK crypto gang is jailed for a combined 76 years, Purpose Investments files for an XRP ETF and more.
Meanwhile, MicroStrategy sees strong demand for its preferred stock plan, raising $563.4 million to fuel further bitcoin purchases.
Let's get started.
In the wake of President Donald Trump and First Lady Melania Trump's recent official token launches, Elon Musk's father, Errol Musk, is the latest to jump on the memecoin bandwagon.
A UK gang of seven has been jailed after kidnapping, torturing and extorting a vulnerable man for £100,000 ($125,000) in cryptocurrency over several months before a police rescue, according to local media.
Purpose Investments has filed a preliminary prospectus with Canadian securities regulators to launch what it hopes will become the world's first spot XRP exchange-traded fund.
Crypto asset manager Grayscale has launched its Dogecoin Trust, allowing accredited investors to gain exposure to DOGE in a share-based format.
Uniswap V4 is now live, allowing liquidity provision immediately, with swap functionality rolling out gradually across Ethereum, Arbitrum, OP Mainnet and Base over the next few days.
Never miss a beat with The Block's daily digest of the most influential events happening across the digital asset ecosystem.
Disclaimer: The Block is an independent media outlet that delivers news, research, and data. As of November 2023, Foresight Ventures is a majority investor of The Block. Foresight Ventures invests in other companies in the crypto space. Crypto exchange Bitget is an anchor LP for Foresight Ventures. The Block continues to operate independently to deliver objective, impactful, and timely information about the crypto industry. Here are our current financial disclosures.
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