Institutional Convergence Accelerates (2026-05-28)

3 Massive Things That Could Happen After SpaceX Goes Public in June 2026

SpaceX’s June 12 listing is triggering a parallel pricing race in crypto. Synthetic perpetuals on Hyperliquid already imply a $2 trillion valuation for the rocket and satellite-internet group. Three forward-looking calls now define the trade. The IPO targets $1.75 trillion and a $75 billion raise, the largest float ever attempted.

1. Perp Convergence Within Six Hours

Hyperliquid’s SPCX-USDC contract, launched May 18 at a $150 reference, spiked to $216 before settling near $203. Funding rates have run steeply positive since launch. Arbitrageurs are expected to short the perp and buy real shares the moment SPCX opens on Nasdaq. That trade should pull the synthetic back toward the listed price.

Arbitrageurs are traders who make money by spotting tiny price differences for the same thing in different places. They buy low in one market and sell high in another at the same time, locking in risk-free profit as prices snap together. In the CBRS example, they shorted expensive pretend shares on crypto, bought real shares on Nasdaq, and profited when prices converged. A 100 to 250 basis-point gap is the most plausible convergence window. The bulk of that move should land in the first six trading hours of June 12. Prior grey-market resets on Reddit and ServiceTitan closed in four to six hours. The crypto pricing race gives arbs a clean entry at the open.

1. Smaller Venues Face 90-Day Delisting Risk

Synthetic pre-IPO products from Binance, OKX, Bitget, BingX, and Hyperliquid have no precedent in US securities law. The rationale for the synthetics fades the moment SPCX trades publicly. Regulators have not opened a formal inquiry yet. If the SEC or CFTC starts asking questions, the smallest venues are the most exposed. BingX and OKX run lighter compliance benches than Binance, while Hyperliquid’s on-chain architecture limits its surface area. BTCC’s SpaceX futures and other mid-tier venues do not have that cushion if a subpoena lands during the post-IPO window. At least one venue restricting or delisting SPCX within 90 days is the base case. That risk weighs heaviest on platforms that followed Bitget’s pre-IPO product onto the trade.

1. Bitcoin Treasury Becomes the Next IPO Playbook

SpaceX’s S-1 disclosed 18,712 Bitcoin (BTC) at a $661 million cost basis. That position is worth roughly $1.42 billion at the current BTC spot price of $75,690. The 18,712 figure puts the company ahead of Tesla, which holds about 11,509 BTC. The disclosure landed alongside Starlink revenue in the prospectus, signaling a marketing pitch to BTC-correlated allocators rather than a Musk-only quirk.

OpenAI and Anthropic are the most likely candidates to copy the SpaceX template before year-end. Anthropic’s pre-IPO valuation already crossed $1 trillion on private markets. The OpenAI IPO filing is reportedly being drafted at an $852 billion post-money mark. Either company could disclose a BTC position to secure a 5 to 8% premium from crypto-correlated allocators on the book.

What to Watch Next

SpaceX’s roadshow opens June 4, with pricing on June 11 and first Nasdaq trading on June 12. The first hour of SPCX activity will decide the trade. A clean convergence inside six hours validates crypto’s pre-IPO experiment. A wider gap, or any regulatory action against a venue, would say the opposite.

Are central banks ready to move tokenization from simulation to real money?

A Bank for International Settlements-led trial has shown that tokenized central bank money and bank deposits can complete cross-border payments in a single atomic step across currencies. Project Agorá has tested how tokenized central bank reserves and commercial bank deposits can settle transactions on an “all-or-nothing” basis, so neither side is left exposed if the other leg fails.

Under today’s system, the BIS said a cross-border transfer can pass through multiple intermediary banks before reaching the recipient, which can stretch settlement to days and add operational risk during reconciliation. In the Project Agorá design, the BIS and participants used tokenization and blockchain-style rails to reduce handoffs and complete settlement simultaneously across jurisdictions.

Project Agorá is a joint effort between the BIS, seven central banks, and more than 40 private financial institutions. The BIS said participating central banks include the Federal Reserve Bank of New York, the Bank of England, the Bank of Japan, and the Swiss National Bank, as well as major commercial banks and financial firms.

Project Agorá launched in April 2024 and spent about a year and a half in a design phase before moving into a prototype stage in 2025, the BIS said. Active testing began in January 2026, which the BIS described as the point where the initiative moved past concept work and into something closer to an operating system. Participants now plan to move beyond simulations toward tests that involve real-value transactions using selected currencies and institutions, the BIS said. During the same week, the BIS said the Bank of Canada joined the initiative.

Outside the Agorá workstream, the BIS noted that financial market infrastructure providers and exchanges are building tokenized settlement systems for traditional securities. The BIS pointed to DTCC’s plan to roll out tokenized settlement infrastructure for stocks, ETFs, and U.S. Treasuries, while Nasdaq and Intercontinental Exchange are also developing blockchain-based systems for tokenized equities. Project Agorá also sits alongside the G20’s cross-border payments roadmap set in 2020. The BIS framed Agorá as an attempt to show that unified ledgers and tokenization can deliver greater improvements than small changes to legacy payment plumbing.

Even as it promotes research on tokenization, the BIS has maintained a cautious tone toward privately issued crypto instruments. The BIS has warned that stablecoins could create risks for the financial system and has urged faster progress on stablecoin regulation. In addition, as previously reported by crypto.news last month, the BIS said crypto exchanges have operated as lightly regulated “shadow banks,” using customer deposits in ways that can increase leverage and contribute to large losses, including a $19 billion wipeout in 2025. In that assessment, BIS noted that “earn” and savings-style products sold by exchanges function more like unsecured loans because platforms rehypothecate user assets into margin lending, proprietary trading, and market making.

[Bank for International Settlements]

Google engineer accused of using internal search data for insider trading on Polymarket

On May 28, U.S. federal officials announced that Google security engineer Michele Spagnuolo was arrested on suspicion of using Google’s internal search data to place bets on Polymarket.

Since last autumn, Polymarket has offered a prediction market titled “Person with the Highest Google Search Volume in 2025.” Spagnuolo allegedly used Google’s internal tools to obtain non-public information about which individuals were experiencing the highest search volumes, then placed early bets via an account named “AlphaRaccoon,” involving approximately $3.80 million.

For example, before rapper D4vd became a news focal point due to alleged murder charges, Spagnuolo had already detected a surge in his search volume using internal tools and bet on him topping the list—ultimately earning over $1.20 million.

[PANews]

In two trading days, it exceeded the weekly record. The funds raised by Strive’s SATA this week can buy 798 Bitcoins.

SATA under Strive has raised enough funds today to purchase 396 Bitcoins, surpassing the previous weekly record in just two trading days.

The cumulative fundraising scale this week can purchase 798 Bitcoins and is still increasing.

[Odaily]

Trump: Saving the U.S. Bitcoin industry from the “anti-crypto coalition”

Bitcoin News posted on X, stating that Trump claimed he saved the U.S. Bitcoin industry from the “anti-crypto army.”

[Odaily]

Bitcoin mining companies’ shift to AI fuels stock surge, Cipher and Hut 8 hit all-time highs

PANews, May 28: Bitcoin mining companies pivoting to AI and hyperscale computing continue to see their stock prices rise.

IREN surged over 13% on Wednesday, nearing its all-time high, after previously announcing a $3.0 billion convertible bond financing, a partnership with NVIDIA to build a 5-gigawatt AI data center, and the $625 million acquisition of Mirantis; on Tuesday, it also struck a $1.6 billion agreement with Dell to supply Blackwell AI systems.

Both Cipher and Hut 8 hit new all-time highs—Cipher rose approximately 9.5% to $25, while Hut 8 climbed nearly 5% to $118; over the past year, HUT has surged nearly 600%.

TeraWulf rose over 6% on Wednesday, with its year-to-date gain totaling approximately 800%; its HPC business generated quarterly revenue exceeding its Bitcoin mining business for the first time.

[The Block]

Aztec Labs absorbs ZKPassport, code stays open

Aztec Labs has acquired ZKPassport but will keep the privacy-focused passport-scanning app fully open source. The deal preserves the iOS NFC scanner and Noir circuits. The Ethereum layer-2 privacy network confirmed the acquisition on Wednesday.

ZKPassport, built on Aztec’s Noir programming language, lets users prove identity attributes from government-issued IDs without revealing the underlying personal data. ZKPassport works by scanning the NFC chip embedded in a passport or national ID, generating a zero-knowledge proof on the user’s phone, and disclosing only the specific attribute a service needs. “This is just the beginning. We’re excited to join forces with Aztec and their world-class team as we continue building toward a more private and cypherpunk future. Thank you to everyone who supported us on our journey so far. Much more to come https://t.co/8ptCayjZT2”

The app first gained traction on Aztec’s testnet, where it solved a Sybil-attack problem that was choking the validator set. Within weeks of integration, the network lifted its daily quota of new sequencers. By keeping the codebase open source, Aztec Labs retains the public-good framing that grew the project. Michael Elliot’s ZKPassport had positioned itself as a non-profit identity solution before the deal.

“In the future, all crypto will be private,” Aztec Labs CEO Zac Williamson told crypto.news in a prior interview, framing ZKPassport-style verification as one path to compliant, privacy-preserving on-chain identity. ZKPassport’s iOS app already plugs into Ethereum, Base, Aztec, and other EVM chains through on-chain verifiers. The acquisition consolidates those rails under one product team while keeping integration permissionless for outside developers.

Aztec’s broader push has centred on programmable privacy. Its Ignition Chain went live in November 2025 as the first decentralised L2 on Ethereum, and the network entered alpha with a full execution environment for private smart contracts shortly after. ZKPassport’s Noir circuits also underpinned Aztec’s recent $AZTEC token sale, where they ran compliant sanctions checks during the December 2025 continuous-clearing auction without leaking participant data. That use case proved the tech in production.

The acquisition formalises a relationship that had already passed multiple live audits, with Consensys Diligence and TU Vienna both contributing security reviews. The market for privacy-preserving identity has tightened in 2026. World, Self Protocol, Holonym, Rarimo, and zkEmail all run variations of the same playbook: client-side proofs, document scans, selective disclosure.

ZKPassport’s distinguishing feature was always its document-native approach, leaning on the cryptographic signature already baked into ePassports and government IDs. By absorbing ZKPassport while keeping it open, Aztec Labs effectively claims that infrastructure tier without forcing competitors off the technology. The bet is that programmable privacy wins through composability rather than enclosure. Aztec’s testnet attracted more than 24,000 validators through 2025, with ZKPassport-gated humanity checks playing a central role in the decentralisation push across rival privacy networks. The acquisition aligns the two roadmaps for the network’s full mainnet phase.

Ondo’s tokenized stock TVL exceeds $1.17B, hitting a new high with a monthly increase of over 42%.

The total value locked (TVL) of its tokenized stocks has risen to approximately $1.17 billion, setting a new all-time high; its TVL has grown by about 42.3% month-on-month and around 11% week-on-week, indicating sustained recent momentum in the tokenized stock market.

Analysis suggests that as the real-world assets (RWA) narrative continues to expand, on-chain stocks, bonds, and fund products are attracting increasing attention from both institutional and crypto capital. The rapid growth of tokenized stocks reflects rising market demand for “24/7 trading,” “on-chain settlement,” and global asset access—making this sector a potential key battleground for the next phase of RWA competition.

[Odaily]

Falcon Finance has commissioned Anchorage to issue a new payment stablecoin, fUSD, compliant with the GENIUS standard.

On May 28, Falcon Finance announced that it has engaged Anchorage Digital to issue a new payment stablecoin, fUSD, compliant with the GENIUS Act and backed by short-term U.S. Treasury securities, cash, and Treasury repurchase agreements. Anchorage Digital Bank’s federal regulatory infrastructure will manage the token’s collateral and uphold AML/KYC standards.

Falcon stated that fUSD is the regulated version of its existing synthetic stablecoin, USDf. USDf is the 11th-largest stablecoin and employs an over-collateralization mechanism, placing it outside the scope of the GENIUS Act.

fUSD will be deployed as collateral on Ceffu’s MirrorRSV solution—a institutional-grade crypto custody platform affiliated with Binance.

[PANews]

USDC supply jumps $2B as Circle expands, while USDT quietly shrinks

Nium and Circle Technology Services have announced a partnership to link USDC-based settlement with local-currency payouts for institutions moving money across borders. Nium said the deal brings it into the Circle Payments Network (CPN) as a global payout partner, giving financial institutions on CPN access to Nium’s payout infrastructure in more than 190 countries and 100 currencies.

Under the partnership, Nium said that institutions using CPN can route payments via Circle’s network into Nium’s payout system with a single integration. The company said the setup includes FX optimization and smart routing, which reduces the need for firms to manage several local payout providers across different markets. Circle said its network provides regulated USDC-powered settlement with compliance controls for institutional users, while Nium handles last-mile delivery in local currencies through bank accounts, wallets, and cards.

The companies said the partnership is designed to solve a long-running problem in cross-border payments, where fast settlement does not always lead to reliable local delivery. Through CPN, Nium said that institutions can avoid maintaining funds in multiple prefunded accounts across multiple payment corridors. Prajit Nanu, founder and CEO of Nium, said the partnership combines Circle’s regulated settlement instrument with Nium’s payout reach, noting that traditional and on-chain payment rails are converging.

Circle chief commercial officer Kash Razzaghi said financial institutions are looking to stablecoins to address payment problems that have remained costly and slow for years. “Through our partnership with Nium and their integration into Circle Payments Network, we are extending USDC from a settlement instrument into a complete payments flow,” Razzaghi said.

The partnership comes as Circle continues to expand its institutional stablecoin services. As previously covered by crypto.news, Circle rolled out stablecoin settlement services for institutions after securing regulatory approval in Luxembourg on April 15 as a Crypto Asset Service Provider. The approval allows regulated conversion between fiat currencies and stablecoins for institutional clients, with support currently including Circle’s USDC, Paxos-issued USDG, and Banking Circle’s euro-pegged EURI token.

Banking Circle first introduced EURI in August 2024 before adding more stablecoin settlement options. The company’s infrastructure serves more than 750 payment firms, financial institutions, and marketplaces, processing more than €1.5 trillion, or about $1.7 trillion, in annual transaction volume. Kirit Bhatia, Banking Circle’s chief digital asset officer, said stablecoins are “a natural extension” of the bank’s existing systems that can help lower costs and improve settlement efficiency.

JPMorgan Chase is Hiring a Global Crypto Research Analyst

Frank Chaparro, Head of Content at GSR, disclosed on X that JPMorgan is hiring a “Global Research Crypto Analyst,” a position within its FX Strategy research team.

Reportedly, this role will focus on researching crypto market structure, spot and derivatives markets, and integrating digital assets into a broader cross-asset strategy framework to support the bank’s overall research and investment decisions.

[Odaily]

Trump stated that the U.S. economy is performing strongly, with the stock market having hit a record high 68 times since he took office.

At today’s cabinet meeting, Trump stated that the U.S. economy has continued to improve during his administration and emphasized that ordinary households, pension accounts, and capital markets have all benefited.

Trump said the tax refunds received by average U.S. households this year amount to “nearly $5,000,” and noted that U.S. stock markets have hit 68 all-time highs since he took office.

Additionally, he stated that Americans’ 401(k) retirement accounts have increased by nearly $30,000 on average and remarked, “The Americans are benefiting.”

Market observers believe the Trump administration is recently intensifying its narrative around “economic and market performance,” aiming to highlight the positive impacts of rising capital markets, growing household wealth, and tax policy.

[Fox News]

Michael Saylor: Strategy’s STRC reaches a $24.00B annualized run rate and will buy 2 to 3 times the Bitcoin produced by miners.

BitcoinTreasuries.NET posted on the X platform that Strategy’s Michael Saylor said that STRC’s annualized run rate is $24.00 billion, buying 2 to 3 times the Bitcoin produced by miners alone.

Strategy has bought $11.00 billion in BTC so far this year, and the purchase speed has reached 2 times the miner production speed.

[Odaily Planet Daily]

Senator Lummis: If the Clarity Act is not passed in this Congress, American software developers will face prosecution again for publishing code.

Senator Lummis stated that if the Clarity Act is not passed in this Congress, US software developers will soon be targeted for lawsuits again simply for publishing code, which is what’s at stake.

[Odaily]

Google security engineer arrested and charged with insider trading on Polymarket

Prosecution documents released by the U.S. Attorney’s Office for the Southern District of New York show that Google security engineer Michele Spagnuolo has been arrested and charged with allegedly using material nonpublic information to place bets on Google user search-result-related markets on Polymarket.

According to the prosecution documents, Spagnuolo used Google internal tools to track the list of the most-searched people in 2025 and transferred approximately 3.8 million USDC to a Polymarket address; his associated account, AlphaRaccoon, placed a bet—hours after accessing the internal tools—that D4vd would be among the most-searched people in late November.

The prosecution documents also state that AlphaRaccoon withdrew 5 million USDC from its Polymarket account into a wallet and subsequently moved the funds via exchange services and privacy tools, with some funds ultimately ending up in an account held by an Italian payment processing firm. Spagnuolo is alleged to have profited over $1.2 million from these transactions and currently faces charges of commodities fraud, wire fraud, and money laundering.

[Odaily]

The White House initiates a review of the U.S. Commodity Futures Trading Commission’s (CFTC) rulemaking process for prediction markets.

May 28th news, according to The Block, the Office of Information and Regulatory Affairs (OIRA) under the US White House Office of Management and Budget stated on its website on Tuesday that it has received the proposed rules for prediction markets submitted by the Commodity Futures Trading Commission (CFTC) and is currently reviewing them. A CFTC spokesperson said that more information will be released after the OIRA review is completed.

CFTC Chairman Michael Selig has consistently argued that prediction markets fall under his agency’s “exclusive jurisdiction” and has filed lawsuits against five states, including Wisconsin, Illinois, Arizona, Connecticut, and New York. Trump publicly supported Selig on Tuesday, saying that the CFTC’s exclusive jurisdiction over prediction markets is “critical.”

[PANews]

US Government Moves $1.9 Million of Seized Alameda Altcoins

The US government moved roughly $1.9 million in altcoins seized from Alameda Research to Coinbase Prime on Wednesday. On-chain tracker Arkham Intelligence flagged the transfer. The batch covered five tokens from wallets the Department of Justice seized in 2023. The source accounts sit at Binance, and the move has revived familiar speculation about an eventual government sale.

A wallet labeled by Arkham as the US Government sent about $1.89 million in tokens to a Coinbase Prime deposit address. The batch covered Render (RNDR), Uniswap (UNI), The Sandbox (SAND), Mask Network (MASK), and Axie Infinity (AXS). Most of the dollar value sat in RNDR and UNI. Both tokens trade with market caps near $1.14 billion and $2.08 billion, respectively, according to BeInCrypto data. SAND, MASK, and AXS are smaller positions worth a few hundred thousand dollars apiece.

Coinbase Prime is the exchange’s institutional arm. Hedge funds, asset managers, and government agencies use it for custody and structured sales. Past USG transfers there have preceded both custody changes and outright liquidations, including an earlier Bitfinex bitcoin Coinbase transfer.

The seized stash traces back to January 2023. The Department of Justice filed civil forfeiture actions against three Alameda accounts on Binance and Binance.US. Those accounts held over $300 million at the time. The action sat inside the wider FTX collapse case. That case has since produced more than $11 billion in court-ordered forfeitures.

The transfer fits a pattern from the same wallet. In late 2024, the federal addresses converted seized Aragon (ANT) tokens into ether. That swap ended two years of dormancy, an Alameda earlier ANT move Arkham flagged at the time. It also recalls an earlier FTX wallet shuffle of about $33 million in ETH, BUSD, and smaller tokens.

Most early reactions on X treated the transfer as routine asset management rather than an imminent sell signal. At $1.9 million, the batch is a sliver of the agency’s overall crypto position. Arkham’s public US Government entity page lists 610 wallet addresses holding a combined $27 billion as of early May 2026. Of that, 328,361 BTC, worth roughly $26.6 billion, dominates the portfolio, with ether, stablecoins, and wrapped tokens trailing far behind.

The DOJ’s Asset Forfeiture Program tends to liquidate non-core altcoins ahead of bitcoin. The agency treats BTC as a longer-hold reserve and moves it in larger, structured batches. A Coinbase Prime altcoin policy shift last year also reshaped which tokens institutional desks can custody. That leaves Arkham’s question unanswered.

Garrett Jin has increased his BTC long position to 1268 BTC, worth $94.00 million.

May 28th news, according to Onchain Lens monitoring, Garrett Jin, the agent of “1011 insider whale”, has increased his 5x BTC long position to 1268 BTC, worth $94.00 million.

He still holds a 3x ZEC short position, with an overall floating profit of over $2.57 million.

[PANews]

Polymarket is Blocking VPN Access With KYC: Should You Worry?

Polymarket is encouraging more traders to verify their identities and tightening enforcement against VPN use, marking a clear shift from its long-standing permissionless trading model. The world’s largest prediction market faces growing sanctions, legal, and regulatory pressure on its operations. House Oversight Committee investigators have requested KYC and geographic enforcement records by June 5.

According to a report from The Information, the company is pushing traders toward voluntary identity checks while clamping down on suspicious accounts. Basic wallet-connect trading still works for most international users, who can deposit USD Coin (USDC) on Polygon without uploading personal documents. That permissionless access is no longer guaranteed across the board.

Polymarket now strictly polices VPN use, and accounts that bypass IP-based geoblocks risk suspension or permanent bans. Traders running seven-figure positions, or rapid five-figure deposit-trade-withdraw cycles, have been documented triggering verification under internal anti-money laundering thresholds. Users who complete a voluntary KYC or KYB form gain perks. These include direct co-location on Polymarket’s primary servers, which lowers latency for active traders.

The international platform remains separate from Polymarket US. The US arm requires full KYC since Polymarket acquired a CFTC-licensed exchange in 2025. The shift followed a $1.4 million CFTC settlement in 2022 over unregistered binary options. More than 33 countries now face full restrictions or technical blocks. These range from OFAC-sanctioned states to jurisdictions with strict gambling rules.

Stronger compliance reduces the threat of shutdowns, blocked withdrawals, and follow-on regulatory action. Privacy-focused traders, however, lose some of what made the platform distinctive. Therefore, the message to international users is simple. Trade through a wallet in permitted countries, avoid VPN workarounds, and expect identity requests if activity stands out. The trend points toward tighter controls, even where the front door stays open.

Falcon Finance taps Anchorage to issue new GENIUS-compliant payments stablecoin fUSD

Falcon Finance has tapped Anchorage Digital to launch a new payments stablecoin, fUSD, according to an announcement on Wednesday. The launch represents Falcon’s first step into more traditional stablecoin issuance, after securing a foothold with its crypto-native synthetic dollar token.

The new token will be backed by short-dated U.S. Treasuries, cash, and Treasury-backed repos, aligning with GENIUS Act requirements, according to the statement. Anchorage Digital Bank’s federally regulated infrastructure will manage the token’s collateral and maintain its AML/KYC standards.

Falcon said fUSD is meant to act as a “regulated counterpart” to its existing USDf token, the 11th-largest stablecoin by market capitalization. USDf operates as an overcollateralized synthetic stablecoin, a style of stablecoin not covered by GENIUS.

“With fUSD now live, institutions have access to a regulated dollar asset designed for how they actually operate, across trading venues, collateral workflows, and treasury desks,” Falcon founding partner Andrei Grachev said. “Partnering with Anchorage Digital gives fUSD the issuance foundation institutional users increasingly require.”

The announcement notes that fUSD is being deployed as collateral on the Binance-linked institutional-grade crypto custody provider Ceffu’s MirrorRSV solution. MirrorRSV is an off-exchange settlement solution that lets users keep assets in Ceffu cold storage while using a mirrored version as collateral on Binance for margin, futures, or other trading.

Anchorage says its stablecoin issuance platform — which has also been tapped by the likes of Tether and Western Union — is the first federally regulated platform of its kind. The company was the first to be named a federally chartered crypto bank in the U.S., which assists its stablecoin issuance operations under the GENIUS Act, the federal law passed last summer.

Regulators are working on how to implement the GENIUS Act’s standards through rulemaking, with major agencies like the OCC and FDIC working with the Federal Reserve and U.S. Treasury on specifics. However, the broad strokes of the law are clear, with so-called “payments stablecoins” required to maintain full cash backing and be issued by licensed Permitted Payment Stablecoin Issuers, among other redemption requirements and limitations.

Synthetic stablecoins, like Falcon’s USDf, by definition fall outside the GENIUS Act framework, because they often use crypto-based collateral and staking mechanisms to maintain their fiat pegs.

Anchorage has been gearing up its stablecoin operations, including a recent tie-up with Grupo Salinas, the Mexican conglomerate controlled by billionaire Ricardo Salinas Pliego, for cross-border payments.

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]