Danny Park
74 articles
Paxos Secures SEC Registration as Clearing Agency
Paxos announces its registration as a clearing agency under the SEC, marking it as the first blockchain-native firm to achieve this distinction. The news was reported by The Block.
last month·The Block·Reported by Danny Park
OKX Invests $53 Million for 20% Stake in Coinone Exchange
On October 10, 2023, OKX announced a $53 million investment to acquire a 20% stake in South Korean crypto exchange Coinone, as reported by The Block. This acquisition represents a strategic effort by a major player in the crypto space to expand its presence in South Korea, following Binance's recent acquisition of Gopax.
last month·The Block·Reported by Danny Park
Scott Bessent Affirms No CBDC Stance at Press Briefing
Scott Bessent, the Treasury Secretary under the Trump administration, reiterated a firm stance against a Central Bank Digital Currency (CBDC) during a recent press briefing, according to The Block. He also called on Congress to advance the Clarity Act, which aims to provide regulatory certainty for digital assets.
last month·The Block·Reported by Danny Park
Samsung to Acquire $408 Million Stake in Upbit Operator Dunamu
Samsung is set to acquire a $408 million stake in Dunamu, the operator of South Korea's major crypto exchange, Upbit. This move reflects a broader trend among South Korean institutions to invest in digital assets ahead of upcoming regulatory changes, according to The Block.
last month·The Block·Reported by Danny Park
CFTC Joins Gemini's Motion to Vacate Prior Judgment in Consent Order
The Commodity Futures Trading Commission (CFTC) has joined Gemini in seeking relief from a consent order issued in 2025. This action arises from the agency's earlier enforcement proceeding against the cryptocurrency exchange, according to The Block.
last month·The Block·Reported by Danny Park
Trump Proposes ‘Future-Proof’ Digital Asset Market Structure
Former President Donald Trump pledges to establish a regulatory framework for digital assets known as the Clarity Act, following its advancement through the Senate Banking Committee, according to The Block. Analysts note the legislation encounters significant challenges as it moves forward.
last month·The Block·Reported by Danny Park
Bitcoin ETFs Experience $334 Million Outflows Driven by IBIT Trade
Bitcoin exchange-traded funds (ETFs) recorded $334 million in net outflows on a recent Tuesday, according to The Block. The decline was largely influenced by a withdrawal of $192 million from BlackRock's IBIT fund, indicating ongoing investor sentiment challenges in the sector.
last month·The Block·Reported by Danny Park
South Korea Arrests Individuals Behind CatFi Memecoin Rugpull
Authorities in South Korea have arrested suspects linked to the Solana memecoin CatFi, marking the first known rugpull case under the country's new cryptocurrency regulation laws, according to The Block. These suspects allegedly deceived investors through fake social media channels before abandoning the project completely.
last month·The Block·Reported by Danny Park
OpenZeppelin Founder Warns All DeFi Markets Are Unsafe
OpenZeppelin founder Manuel Aráoz has advised friends and family to exit all decentralized finance (DeFi) positions, expressing serious concerns about the safety of the sector. This remark highlights growing apprehension as security incidents continue to plague various DeFi projects, as reported by The Block.
last month·The Block·Reported by Danny Park
Pro-Crypto Candidate Menefee Wins Texas Democratic Primary Runoff
On March 4, 2026, pro-crypto candidate S. Menefee defeated incumbent Al Green in a Texas Democratic primary runoff. The victory followed substantial spending by crypto super PACs that supported Menefee and opposed Green, known for his criticism of the crypto industry, according to The Block.
last month·The Block·Reported by Danny Park
OKX Introduces Exchange OS for Custom Crypto Markets
OKX has launched a new protocol called Exchange OS, enabling users to create customized crypto markets. The Block reports that this development shifts essential exchange functions to the protocol layer, enhancing flexibility for traders and developers.
last month·The Block·Reported by Danny Park
Ondo Finance CEO Nathan Allman Passes Away, Ian De Bode Takes Over
Nathan Allman, founder and CEO of Ondo Finance, has died unexpectedly, according to a statement from the company reported by The Block. Ian De Bode, Ondo's president, will step into the CEO role following Allman's passing.
last month·The Block·Reported by Danny Park
F2Pool Co-founder Chun Wang Joins SpaceX Mars Mission
Chun Wang, co-founder of F2Pool, is set to join a two-year SpaceX mission to Mars, as reported by The Block. The mission aims to explore beyond the Earth-Moon system and includes a fly-by of Mars.
2 months ago·The Block·Reported by Danny Park
South Korea Reviews Crypto Tax Plan After 50,000 Signature Petition
South Korea's government plans to revisit its proposed cryptocurrency tax framework following a petition that gained 50,000 signatures, as reported by The Block. Petitioners argue that taxing crypto investments while exempting traditional assets is inequitable.
2 months ago·The Block·Reported by Danny Park
Zero Network to Shut Down, Redirects Focus to Zerion's API and Wallet Services
The Block reports that Ethereum Layer 2 protocol Zero Network will wind down its operations to concentrate on developing Zerion's API and wallet services. The decision comes amid a trend of various protocols ceasing operations recently.
2 months ago·The Block·Reported by Danny Park
Fantasy Top to Shut Down Over Misalignment with Crypto Model
The Block reports that Fantasy Top, a crypto trading card game, will cease operations as its founder states the financialized model was never intended for the gaming community.
2 months ago·The Block·Reported by Danny Park
Syndicate Labs Announces Wind Down After Five Years of Operations
Syndicate Labs is shutting down operations after five years, attributing the decision to a downturn in the rollup market. The company clarified that a recent $330,000 exploit is not related to this decision, as reported by The Block.
2 months ago·The Block·Reported by Danny Park
SEC Reviews Delayed Prediction Market ETFs at Chair Atkins' Request
The Block reports that SEC Chair Paul Atkins has directed the agency's staff to gather public input regarding the implications of delayed prediction market exchange-traded funds (ETFs). This initiative indicates a growing interest in how such financial instruments may operate within the regulated environment.
2 months ago·The Block·Reported by Danny Park
