The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Happy Thursday! Anticipation is building ahead of tomorrow's inaugural White House Crypto Summit, with speculation swirling over exactly which industry heavyweights will be in attendance. But will the event deliver something tangible — or just more hot air?
In today's newsletter, Mt. Gox bitcoin funds are on the move again, crypto czar David Sacks criticizes the U.S. government's past bitcoin sales, Trump-backed World Liberty Financial buys more WBTC, ETH and MOVE, plus more.
Meanwhile, blockchain oracle RedStone launches its RED token, enabling staking and paving the way for multi-asset rewards.
Let's get started.
Mt. Gox transferred 11,834 BTC, worth $1.1 billion, to an unlabeled address in its first large transaction since January ahead of potential payouts.
Trump's crypto czar, David Sacks, criticized the U.S. government's past handling of the country's seized bitcoin, noting that selling 195,000 BTC for $366 million instead of holding it cost billions in potential value.
Trump family-backed World Liberty Financial acquired over $25 million in WBTC, ETH and MOVE ahead of the White House Crypto Summit, according to onchain data.
JPMorgan analysts see less than a 50% chance of a U.S. strategic crypto reserve gaining approval, citing congressional hurdles and skepticism from policymakers.
Argentine federal prosecutor Eduardo Taiano is seeking to freeze over $110 million in proceeds tied to the Libra memecoin scandal, which sparked a political firestorm in the country due to its alleged connection with President Javier Milei, local media reported.
Never miss a beat with The Block's daily digest of the most influential events happening across the digital asset ecosystem.
Disclaimer: This article was produced with the assistance of OpenAI’s ChatGPT 3.5/4 and reviewed and edited by our editorial team.
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.
© 2025 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
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