The following is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
It's Wednesday. The crypto markets have rebounded somewhat thanks to mostly favorable tariff news (except for China) from the Trump administration. Other people are hearing good news today as well — especially Virgil Griffith, the former Ethereum developer who got out of prison.
In today's newsletter, bitcoin reaches $81,000 after Trump issues a 90-day pause on all tariffs except for China, United States lawmakers hope to speed up crypto legislation, Solana-based NFT platform Magic Eden buys the crypto trading app Slingshot Finance and more.
Meanwhile, the crypto asset manager Grayscale Investments appoints former BlockTower exec Diana Zhang as its new chief operating officer.
Let's get started.
Bitcoin jumped over 5% to exceed $81,000 after President Donald Trump raised tariffs on China to 125% in response to Beijing's trade moves.
U.S. lawmakers are intensifying efforts to create comprehensive crypto regulations after the Department of Justice (DOJ) announced that it will close its crypto enforcement unit.
NFT marketplace Magic Eden has made its first major acquisition by purchasing Slingshot Finance in a bid to rival centralized exchanges.
The crypto exchange Binance is introducing LDUSDT, a new reward-bearing margin asset that allows users to trade crypto futures while still earning passive rewards from locked USDT.
Former Ethereum Foundation developer Virgil Griffith has been released on parole after serving part of a reduced 56-month sentence for violating U.S. sanctions.
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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