The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
It's Friday! According to a Dune Analytics dashboard, Polymarket apparently predicts events with up to 94% accuracy. However, with some of its users evidently being flat-earthers, I wouldn't place too much emphasis around the decentralized platform's prophecies.
In today's newsletter, OFAC removes Tornado Cash from its sanctions list, Metaplanet appoints Eric Trump to its advisory board, USAID could follow Elon Musk's DOGE in considering blockchain technology and more.
Meanwhile, the total stablecoin market cap surpasses $230 billion amid institutional interest and President Trump's policies.
Let's get started.
The U.S. Treasury Department has lifted sanctions on crypto mixer Tornado Cash after an appeals court ruled that its Office of Foreign Assets Control (OFAC) exceeded its authority in November 2024.
Japanese investment firm Metaplanet has appointed the U.S. President's second son, Eric Trump, to its Strategic Board of Advisors.
Trump administration officials have crafted a proposal to rebrand USAID and leverage blockchain technology as part of a more transparent procurement process, according to a document purportedly circulating the State Department obtained by Politico.
Strategy has announced the pricing of its STRF perpetual preferred stock offering on Friday, upsizing the deal from $500 million to $722.5 million to buy yet more bitcoin.
After three years, global electronics giant LG is set to shut down its NFT platform, LG Art Lab, by June to "explore new opportunities" amid a wave of similar closures in the struggling crypto niche
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.
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