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The Daily: Analysts say ‘Santa rally’ looks unlikely, Rushi Manche unveils new venture, Tom Lee calls ETH bottom, and more
The Block Dec 11, 2025

The Daily: Analysts say ‘Santa rally’ looks unlikely, Rushi Manche unveils new venture, Tom Lee calls ETH bottom, and more

The following article is adapted from The Block’s newsletter, The Daily, which comes ...

Multicoin joins as lead investor in LI.FI’s $29 million Series A extension round
The Block Dec 11, 2025

Multicoin joins as lead investor in LI.FI’s $29 million Series A extension round

Launched in 2021, the universal liquidity layer and protocol intermediary has surpassed...

Binance elevates Trump-backed World Liberty’s stablecoin by adding USD1 trading pairs
The Block Dec 11, 2025

Binance elevates Trump-backed World Liberty’s stablecoin by adding USD1 trading pairs

The Abu Dhabi investment firm MGX chose USD1 when making a $2 billion investment into B...

Coinbase taps Chainlink CCIP to expand wrapped assets like cbBTC and cbXRP to new chains
The Block Dec 11, 2025

Coinbase taps Chainlink CCIP to expand wrapped assets like cbBTC and cbXRP to new chains

The U.S. crypto exchange chose Chainlink’s cross-chain interoperability standard as t...

Anchorage snags another stablecoin issuance as it trumpets regulated status as market advantage
The Block Dec 11, 2025

Anchorage snags another stablecoin issuance as it trumpets regulated status as market advantage

The move follows Tether, in September, selecting Anchorage for issuing USAT, a stableco...

New XRP ETF hits the market with launch of 21Shares’ TOXR
The Block Dec 11, 2025

New XRP ETF hits the market with launch of 21Shares’ TOXR

A new XRP exchange-traded fund is on the block — 21Shares debuted its fund on the CB...

Nexo acquires Buenbit to anchor regulated push into Latin America’s growing crypto market
The Block Dec 11, 2025

Nexo acquires Buenbit to anchor regulated push into Latin America’s growing crypto market

Nexo’s acquisition of Buenbit marks a significant regional bet for the firm, which cl...

Binance API update hints at stock perpetual contracts as exchanges eye TradFi markets
The Block Dec 11, 2025

Binance API update hints at stock perpetual contracts as exchanges eye TradFi markets

Binance added a new API endpoint for signing a “TradFi-Perps agreement contract,” s...

Klarna furthers Stripe links, tapping Privy to explore potential crypto wallet after Tempo-based stablecoin foray
The Block Dec 11, 2025

Klarna furthers Stripe links, tapping Privy to explore potential crypto wallet after Tempo-based stablecoin foray

The initiative remains exploratory, with any product launch dependent on securing requi...

Binance launches private IOI feature for large spot and loan orders via OTC desk
The Block Dec 11, 2025

Binance launches private IOI feature for large spot and loan orders via OTC desk

Binance has launched a private indication of interest feature for large spot and loan o...

Spot trading rollout opens dYdX to US-based traders for first time, starting with Solana
The Block Dec 11, 2025

Spot trading rollout opens dYdX to US-based traders for first time, starting with Solana

While its perpetual contracts remain unavailable to U.S. traders, dYdX Labs said it wil...

After Movement Labs exit, Rushi Manche unveils Nyx Group venture with $100 million plan to back token projects
The Block Dec 11, 2025

After Movement Labs exit, Rushi Manche unveils Nyx Group venture with $100 million plan to back token projects

Manche said the team has already begun investing, and he expects the capital to be depl...

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