Crypto Infrastructure Shift, Regulatory Momentum (2026-05-19)

Former Ripple CTO Talks About Meme Coins as Investment

Ripple Chief Technology Officer Emeritus David Schwartz said treating a meme coin as an investment feels distasteful. The Ripple veteran brushed aside XRP holders who urged him to endorse the FUZZY token on the XRP Ledger. Schwartz, known on X as JoelKatz, made the remark during a weekend exchange about FUZZY. The meme coin references a wallet Ripple activated when the XRP Ledger launched in 2013.

The conversation started after Schwartz opened a technical trust line for FUZZY. Some community members read the move as a quiet signal of approval. The token’s name nods to the historic Fuzzybear wallet, which placed a famous trade of 1 XRP for 1 BTC in the early days of the ledger.

Schwartz rejected that interpretation. He told followers that opening a trust line is a routine network step and not a vote of confidence in any specific project. He added that he has no direct involvement with FUZZY and knows no more about it than any other observer. The Ripple veteran also explained why he avoids public endorsements, noting that the risk of unintentionally promoting bad actors keeps him cautious, though he stressed he has no reason to think poorly of FUZZY itself.

His comments arrive as the meme coin scene on the XRP Ledger continues to draw retail attention. Tokens such as ARMY, PHNIX, and RIPPY have posted sharp gains over the past few months, driving heavier trading on platforms like First Ledger and Magnetic.

Other users argued that meme coins lack intrinsic value and trade purely on the hope of a higher bidder. Schwartz agreed, stating that attempts to build a serious portfolio around such tokens look ridiculous, though he added that meme coins still have a place in internet culture.

The skepticism aligns with how Schwartz has framed his wealth and Ripple’s broader posture. He has drawn a line between community tokens built for fun and assets that warrant serious position sizing. The post drew sharp reactions from XRP supporters, with some arguing that meme coin liquidity supports the wider ecosystem, while others backed his caution and asked influencers to stop pressuring developers into public endorsements.

The three major U.S. stock indices showed mixed performance, and crypto-related stocks also showed mixed performance.

May 19 news: According to Bybit market data, the three major U.S. stock indices showed mixed performance—the Dow Jones Industrial Average rose by 0.57%, the Nasdaq Composite fell by 0.24%, and the S&P 500 Index gained 0.09%.

Crypto-related stocks also performed unevenly: COIN (Coinbase) declined 2.82% intraday, while HOOD (Robinhood) rose 0.11% intraday.

[PANews]

Zerohash Obtains European EMI License to Expand Compliance Capabilities for Stablecoin and Brokerage Services

Crypto infrastructure service provider Zerohash Europe has obtained an Electronic Money Institution (EMI) license issued by the Dutch Central Bank, becoming the first company to hold both an EU MiCA crypto license and full EMI qualification.

Zerohash previously obtained a MiCA license issued by the Dutch Financial Markets Authority in October 2025, allowing it to provide crypto asset services within the EU. After obtaining the EMI license, the company will be able to handle both crypto asset services and traditional electronic money circulation, especially for stablecoin-related payment and settlement scenarios.

The European Banking Authority has previously clarified that some stablecoin fund flows may be regarded as electronic money business, so relevant institutions need to obtain an additional EMI license. Zerohash said that the dual-license structure will enable it to provide compliant infrastructure for banks, brokers, fintech companies, payment service providers and enterprise platforms in the European market.

[Odaily]

Galaxy Obtains New York BitLicense, Will Provide Digital Asset Services Locally

Galaxy Digital announced that it has obtained the BitLicense and money transmitter license approved by the New York State Department of Financial Services, enabling it to provide digital asset services in New York State.

This license applies to its subsidiary GalaxyOne Prime NY, which will offer trading and custody services to residents, institutions, and businesses in New York.

Galaxy stated that New York boasts the deepest pool of institutional capital in the U.S., and digital assets are gradually entering mainstream portfolios. Following this approval, the company will be able to serve institutional clients in New York more directly.

[Odaily]

HIVE soars over 35% on plans for $2.55b Toronto AI ‘super factory’

HIVE Digital is pivoting from Bitcoin mining to a CAD 3.5b, 320 MW Toronto AI “super factory” hosting 100,000+ GPUs, sending its stock up over 35% on the news. HIVE Digital Technologies, long known as a Bitcoin (BTC) mining company, has unveiled plans for a 320 MW AI infrastructure park in the Greater Toronto Area, a move that sent its shares up more than 35% at the open after the news broke on Monday.

The company described the project as an AI “super factory” and said it aims to create one of Canada’s largest sovereign AI campuses at a time when demand for data center power and GPUs is exploding. HIVE said the buildout will be led by its high‑performance computing subsidiary BUZZ, with total capital expenditure expected to reach roughly CAD 3.5 billion, or about $2.55 billion at current exchange rates.

Once fully completed, the site is expected to support more than 100,000 GPUs across multiple large‑scale data halls dedicated to training and running AI models, putting the project in the same power class as some US hyperscale campuses. The company is targeting the second half of 2027 for initial operations at the Toronto‑area AI park, suggesting a multi‑year construction and power‑procurement timeline that aligns with typical hyperscale data center projects.

Management framed the site as “sovereign” AI infrastructure, signaling that HIVE wants to position the campus as a Canadian‑controlled alternative to US cloud and chip majors for governments, enterprises, and local AI startups. HIVE did not disclose detailed financing plans in the initial announcement but indicated the CAD 3.5 billion budget includes land, power infrastructure, cooling, data center construction, and GPU hardware. Given the scale, the company is likely to lean on a mix of equity, debt, and potential partnerships with hardware vendors or cloud customers to lock in anchor tenants ahead of the 2027 launch.

The Toronto project marks the most aggressive step yet in HIVE’s ongoing shift away from pure Bitcoin mining toward AI and high‑performance computing infrastructure. In recent years, the firm has expanded GPU clusters and AI‑oriented data center operations in Paraguay and Sweden, effectively using its expertise in energy‑intensive mining to bootstrap a different kind of compute business. That strategic pivot has taken place against a backdrop of rising competition and margin compression in Bitcoin mining, while GPU‑rich AI infrastructure has become one of the hottest capital‑markets stories of the cycle.

By tying its future to a 320 MW “super factory” capable of hosting over 100,000 GPUs on Canadian soil, HIVE is betting that investors will reward it more as an AI data center operator than as a cyclical crypto miner — a bet Monday’s 35%+ share price pop suggests the market is, at least initially, willing to entertain.

[The Block]

Echo Protocol was attacked; the attacker minted 1,000 eBTC and then withdrew them via Curvance.

According to Onchain Lens monitoring, Echo Protocol on Monad has been attacked. The attacker minted 1,000 eBTC, valued at $76.7 million, and extracted funds via Curvance using a previously tested attack path.

As of now, the attacker has deposited 45 eBTC as collateral into Curvance and borrowed approximately 11.29 WBTC, valued at $867,700. Subsequently, this WBTC was bridged to Ethereum, exchanged for ETH, and 385 ETH (worth approximately $818,000) was transferred to Tornado Cash. The attacker currently appears to still control a large amount of the minted eBTC.

[Odaily Planet Daily News]

NYDIG warns US crypto market-structure bill could ‘fail’ if August window is missed

NYDIG says a rare bipartisan window to pass a comprehensive US crypto market‑structure bill could slam shut if Congress fails to move it before the August recess. Digital asset investment firm NYDIG has warned that the leading US crypto market-structure bill may effectively “fail” if it does not make substantial progress in Congress before lawmakers leave Washington for the August recess.

The firm argues that the fragile bipartisan consensus around a broad crypto regulatory framework amounts to a “brief window” that could slam shut once Congress returns to a calendar dominated by midterm elections, budget fights and partisan priorities. NYDIG’s assessment is blunt: if the bill does not advance “in the coming months,” the probability of passage “may significantly decrease” as legislative attention fragments and the political cost of tackling crypto grows.

In that scenario, the US risks replaying the past several years of gridlock, with high-profile enforcement actions filling the vacuum left by the absence of a clear statutory market-structure regime. At stake is one of the most ambitious attempts yet to build a comprehensive federal framework for digital assets in the US.

The draft bill is designed to clarify how tokens are classified, draw a bright line between securities overseen by the SEC and commodities under the CFTC, and create unified operational standards for exchanges, brokers and other crypto businesses. The proposed market-structure legislation would, for the first time, codify which digital assets fall under securities law and which are treated as commodities, addressing a long-running turf war between the SEC and CFTC. It would also establish common rules for trading venues and service providers, aiming to replace today’s patchwork of guidance, enforcement actions and state-by-state licensing with a single, more predictable regime.

But NYDIG notes that key issues remain unresolved, including stablecoin oversight, how to regulate DeFi protocols, the contours of consumer protection and how to handle conflicts of political interest. Those disagreements have slowed negotiations and raised doubts about whether lawmakers can lock in compromises before the August deadline.

The firm’s warning comes as global competition intensifies. NYDIG points out that extended US uncertainty is already driving capital, talent and innovation toward jurisdictions with clearer rules, citing the UAE, Singapore and the EU’s MiCA framework as examples of regions that are actively benefiting from America’s drift.

If Congress misses this legislative window, industry participants fear the US could again default to rulemaking by enforcement, with no durable settlement on market structure for years. That would leave exchanges, issuers and developers operating under legal ambiguity just as other financial centers lock in their own digital-asset regimes and pitch themselves as safer homes for long-term investment.

[FinanceFeeds]

Two researchers from the Ethereum Foundation announced their resignations.

Ethereum Foundation researchers Carl Beek and Julian Ma announced their resignations on Monday. Carl Beek chose to leave after seven years of service, with his last day of work being May 29. Julian Ma announced his departure after serving for about four years.

Previously, several executives and researchers have left the foundation, including co-executive director Tomasz K. Stańczak, who left in February this year, Josh Stark, who left in March, and Barnabé Monnot, head of the Protocol team, Tim Beiko, and Alex Stokes, who announced their departure earlier this month.

The Ethereum Foundation underwent a major reorganization in 2025 to address community criticism, and has recently sparked controversy due to incidents such as requiring employees to sign loyalty oaths.

[Odaily]

CFTC Appoints Crypto Expert DJ Hennes to Future-Proof US Derivatives Rules

The Commodity Futures Trading Commission (CFTC) has appointed DJ Hennes as director of its Market Participants Division. Chairman Michael S. Selig announced the hire on Monday, citing Hennes’ work on crypto assets and prediction markets. The Market Participants Division supervises brokers, swap dealers, fund operators, and other CFTC-registered intermediaries.

Hennes will lead compliance examinations, registration, and coordination with self-regulatory organizations such as the National Futures Association. Mike Selig framed the appointment as central to the agency’s push to modernize derivatives oversight. The Trump-appointed chairman has championed clearer rules for digital assets and federally regulated prediction markets since taking office in December 2025.

The hire arrives as the CFTC pursues new rulemaking around event contracts. The agency has also pushed back against state-level restrictions on licensed prediction-market platforms.

Hennes joins the CFTC from KPMG, where he advised banks and brokers on digital-asset derivatives compliance. Before that, he spent 15 years at Promontory Financial Group, eventually heading its Americas capital markets unit. He holds a degree in history and economics from Vanderbilt University.

Hennes has spoken publicly on prediction-market regulation, including in a KPMG webcast. His appointment places a compliance veteran atop one of the agency’s core oversight arms during active crypto rulemaking.

Coinbase Blockchain Forensics Help UK Convict 5 in Crypto Kidnapping Case

Coinbase used blockchain forensics to help UK law enforcement secure five criminal convictions tied to a violent kidnapping. Its Global Intelligence team traced stolen funds onchain in real time as the attack unfolded.

The case began last July, when a 36-year-old Hertfordshire man met four strangers at a Shoreditch bar in east London. They later forced him home and coerced him into opening several accounts, including Coinbase.

When the attackers tried to move funds off the platform, Coinbase’s internal systems reportedly flagged the customer as under duress. The exchange contacted UK police while the crime was still in progress, then mapped the flow of stolen assets. Investigators traced £1,900 ($2,500) in crypto plus additional fiat across multiple wallets. They linked one address to a suspect who held a Coinbase account.

Data and expert testimony were presented to St Albans Crown Court. Four defendants were convicted of conspiracy to rob, kidnapping, and false imprisonment. A fifth was convicted of money laundering. The Hertfordshire Major Crime Unit led the local investigation.

The verdict lands as physical crypto kidnappings and wrench attacks continue to rise. CertiK documented 34 verified physical attacks on token holders between January and April 2026. London has emerged as a hotspot for muggings targeting wallet apps.

The convictions add to a growing record of blockchain forensics work, tying public ledgers to criminal prosecutions. Exchanges are leaning on this defense as crypto-related violence climbs.

Kevin Walsh will be sworn in at the White House on Friday, with the ceremony presided over by Trump.

Kevin Warsh will be sworn in at the White House on Friday in a ceremony presided over by Trump.

[Odaily Planet Daily]

Iran’s Supreme Leader Reaffirms Consideration of Opening New Fronts

On the 18th, the social media account of Mojtaba Khamenei, the Supreme Leader of Iran, once again excerpted his first statement after taking office, reiterating that he would consider opening new fronts in areas where the enemy is not good at.

The statement said that the relevant research on the issue of opening other fronts has been completed, and “the enemy has very little experience and is extremely vulnerable in these areas.” The statement stated that if the “state of war” continues, Iran will open these new fronts.

[Golden Ten Data]

Crypto-Minenbetreiber unterstützen Leopold Aschenbrenners 13,6 Milliarden Dollar schwere KI-Wette

Ex-OpenAI researcher Leopold Aschenbrenner’s Situational Awareness fund has doubled to $13.67b, with Bitcoin miners as its top long positions. Aschenbrenner, who was fired from OpenAI in 2024 over an alleged information leak, filed the fund’s Q1 2026 13F with the SEC on May 15, with the regulator accepting it on May 18. The document shows disclosed equity exposure more than doubling from $5.52 billion at end-2025 to $13.67 billion as of March 31.

The largest long positions span Bitcoin miners IREN, Core Scientific, Riot Platforms, CleanSpark, Bitfarms, Bitdeer, and Hive Digital, alongside energy and compute plays Bloom Energy, SanDisk, and CoreWeave. As Fortune noted in its March profile, the thesis holds that “the most valuable assets in the AI era may not be algorithms, but electricity and computing power.”

Aschenbrenner’s investment logic holds that AI buildout will be bottlenecked by power and land, not chips. Bitcoin miners already hold high-density power sites and grid access that AI companies cannot replicate quickly. His 165-page “Situational Awareness: The Decade Ahead” paper argued that compute infrastructure, not model development, would determine the pace of AGI progress.

The trend is reshaping reported earnings across the sector. As crypto.news reported, TeraWulf’s AI and HPC hosting revenue of $21 million outpaced Bitcoin mining revenue for the first time in Q1 2026. Core Scientific, among Aschenbrenner’s disclosed holdings, has announced plans to repurpose its Pecos site into a 1.5GW AI data center campus, repurposing 300MW of existing mining capacity.

Alongside the miner longs, the fund opened $7.46 billion in put options against the chip sector. The largest positions were $2.04 billion against the VanEck Semiconductor ETF, $1.57 billion against Nvidia, $1.07 billion against Oracle, and $1.01 billion against Broadcom, the filing shows. The pairing makes the thesis internally consistent: if AI value accrues to power sites rather than chip makers, semiconductor valuations face compression even as infrastructure operators gain.

Crypto.news documented this broader miner pivot in an earlier analysis of firms leaping into HPC, noting that companies from Bitdeer to Riot are accelerating the conversion of mining facilities into AI data centers. Full Q1 holdings data is available at the Situational Awareness LP 13F tracker on 13f.info.

Commodities trader Trafigura Group is in discussions with Tether to pilot USDT payments at gas stations.

On May 19, news emerged that Trafigura Group, a multinational commodities trading firm, is in discussions with Tether regarding a pilot project to enable USDT stablecoin payments at fuel stations in El Salvador.

The pilot will focus on gas stations operated by Puma Energy—the fuel distribution division of Trafigura—where Salvadoran consumers can pay for fuel or snacks using USDT. An intermediary will convert the USDT into U.S. dollars before transferring the funds to Trafigura. The discussions are still in their early stages and require regulatory approval. A Puma Energy spokesperson stated that these discussions remain at an exploratory, technical stage.

This marks the first known collaboration between Tether and a major commodities trading firm involving stablecoin usage. Tether previously announced it had funded an oil transaction but did not disclose specific details.

[PANews]

Galaxy scores New York BitLicense to offer digital asset services in the state

Galaxy Digital said Monday that the New York State Department of Financial Services granted the firm a BitLicense and Money Transmission License, allowing it to offer digital asset services across the Empire State.

The approval specifically applies to GalaxyOne Prime NY, the Galaxy subsidiary that will provide trading and custody services to New York residents, institutions, and businesses.

“New York is home to the deepest pool of institutional capital in the country, and digital assets are no longer sitting at the edge of those allocations,” Galaxy founder and CEO Mike Novogratz said in a statement. “Galaxy was built to meet that demand, and now we can better serve New York’s institutions directly.”

Galaxy said the approval adds to its regulatory footprint of more than 50 licenses globally. It currently manages roughly $9 billion in client assets across its digital asset business.

The BitLicense was first introduced by NYDFS in 2015. It is considered one of the most rigorous state-level crypto frameworks in the U.S., requiring firms to meet strict standards in anti-money laundering, cybersecurity, and capital reserves.

Galaxy (GLXY) is the second company this year to receive a BitLicense after Strike, the bitcoin payments firm founded by Jack Mallers, secured approval in March. In 2025, only two firms, MoonPay and the Peter Thiel-backed Bullish, were awarded a BitLicense.

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.

© 2026 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.

[The Block]

Revolut launches first physical crypto card

Revolut launched its first physical crypto card on May 18, a Dogecoin-themed LED card for the UK and EEA. The company announced that the debit card features an LED display that illuminates at the point of payment and works anywhere Visa and Mastercard are accepted.

The card offers zero exchange fees, though transactions are subject to real-time exchange rates and may create tax obligations depending on local rules. Revolut converts users’ crypto to fiat automatically at checkout, allowing merchants to receive standard settlement currency. The card includes spending limits of £100,000 per transaction and a maximum of 100 exchanges within any 24-hour period.

This launch is part of a broader expansion for the firm, which recently secured FCA permissions for leveraged investment products and advisory services. The company also received a full UK banking licence in March 2026 and has a US banking charter application pending.

With over 70 million users globally, Revolut’s distribution scale provides a potential mass adoption vehicle for crypto-linked debit products. While the card is currently limited to the UK and EEA—excluding Hungary, Switzerland, and Portugal—the company’s US banking efforts suggest a future expansion into larger consumer markets.

Despite these developments, tax treatment remains a practical barrier for users, as crypto payments are considered taxable sale events in most jurisdictions, requiring robust record-keeping for cost basis and gains.

The judge dismissed Elon Musk’s lawsuit against OpenAI and its CEO Altman.

May 19th news, according to Jinshi reports, OpenAI and its CEO Altman have been ruled by a US jury that they do not need to be liable to Elon Musk because Musk filed the lawsuit too late. The jury believes that the allegation that OpenAI deviated from its “charitable mission” has expired in terms of legal effect and therefore does not constitute an accountable matter.

Previously, Elon Musk accused OpenAI of betraying its mission to benefit the public under Altman’s leadership and transforming into a for-profit enterprise.

[PANews]

Ethereum’s onchain conviction grows as staked ETH rises, even as price underperforms

The percentage of staked Ethereum has climbed to approximately 31% of total supply, up from 29% at the start of the year, a steady accumulation that has continued largely independent of price.

ETH is down roughly 26% year-to-date, a notable divergence from the growing body of onchain fundamentals building around the network, including its dominant position in the RWA market. The gap between network utility and price performance raises a question of whether the market is discounting a buildout that is still in early innings.

The continued rise in staked ETH suggests long-term holders are maintaining conviction despite price weakness and onchain risk, gradually reducing the liquid circulating supply.

A contracting float against any meaningful demand recovery has historically been a constructive setup for price. Liquid staking protocols such as Lido have meaningfully lowered the barrier to participation, allowing holders to stake without sacrificing liquidity. This has broadened the staking base beyond technically sophisticated validators to a wider retail and institutional audience.

Institutional dynamics are also worth monitoring. As spot ETH ETF products mature and tokenization activity on Ethereum scales, institutional demand for staked ETH exposure could introduce a new layer of structural inflows into the staking ecosystem.

The broader narrative around Ethereum, anchored in RWA settlement, DeFi infrastructure, and Layer 2 activity, continues to position the network as core plumbing for onchain finance. Whether that translates into price appreciation may depend on the pace at which institutional capital moves from narrative to active deployment.

[The Block]

Standard Chartered sees $4T tokenized push

Standard Chartered projects that $4 trillion in tokenized assets will sit onchain by the end of 2028, evenly split between stablecoins and real-world assets. The forecast positions established DeFi protocols as the main winners.

Geoffrey Kendrick, the bank’s global head of digital assets research, said DeFi’s composability allows the same asset to generate yield, serve as collateral, and trade for liquidity without traditional intermediaries. Kendrick cited BlackRock’s BUIDL fund as proof of concept. The $2.85 billion tokenized Treasury fund earns Treasury yield, converts to sBUIDL for DeFi compatibility, and serves as core reserve collateral for Ethena’s USDtb and Ondo’s OUSG.

Aave, the largest DeFi lending protocol, processed daily stablecoin lending volumes between $1.5 billion and $2 billion at its peak. Coinbase’s lending product with Morpho has reached $1.75 billion in loans.

Kendrick views passage of the CLARITY Act as the most significant near-term catalyst for accelerating the shift from traditional rails to DeFi. The bill cleared Senate Banking 15-9 on May 14 and now heads to a full floor vote.

The projection consolidates two forecasts Kendrick has maintained separately: a $2 trillion stablecoin target and a $2 trillion RWA market, both by end-2028. The bank reaffirmed the RWA call in April despite recent DeFi exploits. There are currently roughly 1,000 times more assets offchain than onchain, according to the note.

Kendrick believes tokenizing institutional-grade assets is the most likely source of growth, with protocols that scale safely positioned to benefit most. “TradFi operators moving assets onchain will favor established players with strong risk metrics,” Kendrick wrote. Aave, Compound, and Morpho are positioned to lead, with Ethereum remaining the dominant settlement layer.

Zerohash secures first EMI license under MiCA for stablecoin and brokerage services in Europe

Crypto infrastructure provider Zerohash Europe has secured an Electronic Money Institution (EMI) license from De Nederlandsche Bank (DNB), the Dutch central bank. This makes it the first firm licensed under Europe’s flagship crypto regulation, MiCAR, to also hold full EMI status, according to an announcement on Monday.

Zerohash obtained its MiCAR license in October 2025 from the Dutch Authority for the Financial Markets (AFM). The Markets in Crypto-Assets Regulation, which will go into full effect in July, is a series of EU-wide guidelines covering most crypto activities, like token custody, issuance and trading.

Although MiCAR registration acts like a sort of passport for crypto-asset service providers (CASPs) to operate across the trading block, the European Banking Authority has argued that “certain E-Money Token flows,” namely stablecoins, are effectively “e-money” under an existing directive and require additional oversight.

The bank published a No Action Letter in June 2025 and made further clarifications in February requiring firms looking to support “stablecoin-powered financial flows” to get licensed under EMI, in an attempt to better integrate stablecoins into the traditional financial system.

With the dual MiCAR and EMI licenses, zerohash can now legally handle both crypto-asset services and traditional electronic money flows across the European Economic Area. The firm noted in particular that it could work directly with “banks, brokerages, fintechs, payment providers, and enterprise platforms operating across the European market.”

“Europe has a massive market for stablecoin applications,” Zerohash Europe Managing Director Roeland Goldberg said. “The announcement comes on the heels of accelerating momentum for zerohash across Europe. In recent months, the company has expanded its EU presence in Amsterdam and is now powering partners including Interactive Brokers Europe in the region.”

Zerohash has also applied to the U.S. Office of the Comptroller of the Currency for a national trust bank charter.

Founded in 2017, zerohash employs about 200 people globally, with offices in New York, Chicago, North Carolina, and Amsterdam. Last September, the company raised a $104 million Series D-2 round led by Interactive Brokers at a $1 billion valuation.

The firm, which was a Mastercard acquisition target, is reportedly in talks to raise another $250 million at a $1.5 billion valuation now that those acquisition talks fell through.

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.

© 2026 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.

[The Block]