Kyle Baird
Kyle is a reporter and editor at The Block, where he covers markets, exchange-traded funds, and crypto-related equities. He previously worked at DL News, BeInCrypto, and Bitcoinist, reporting on digital assets through multiple bear and bull cycles. Kyle first began learning about and investing in crypto in 2017 while living in Vietnam, where he spent a decade before returning to the US. He holds a degree in Sports Medicine from East Stroudsburg University in Pennsylvania.
47 articles
Texas Forms Strategic Bitcoin Reserve Committee with CleanSpark Executive
Texas appoints CleanSpark executive and bitcoin miner CEO to the Strategic Bitcoin Reserve committee, as reported by The Block. The state seeks to transition reserve assets from BlackRock's IBIT into direct bitcoin holdings, aiming to strengthen its investment strategy.
last month·The Block·Reported by Kyle Baird
Sequans Completes Bitcoin Treasury Unwind, Focuses on IoT Semiconductors
Sequans has announced that its remaining 658 Bitcoin are fully unrestricted following the redemption of convertible debt. The company pivots its focus towards Internet of Things (IoT) semiconductors, signaling a strategic shift in its operations, according to The Block.
last month·The Block·Reported by Kyle Baird
Bitcoin Miner AI Boom Drives Stocks Higher for Cipher and Hut 8
A report from The Block highlights the surge in stock prices for Bitcoin miners Cipher Mining and Hut 8 as they reach new highs amid an expansion into AI infrastructure linked to Dell. Cipher Mining's shares approached all-time highs, boosted by its latest initiatives in the artificial intelligence sector.
last month·The Block·Reported by Kyle Baird
Kraken Expands Earn Suite with Bitcoin Vault for BTC Yield
Kraken has introduced the Bitcoin Vault, which allows users to earn yield on their Bitcoin holdings by routing deposits into decentralized finance (DeFi) lending protocols like Aave and Morpho, according to The Block.
last month·The Block·Reported by Kyle Baird
Bitdeer Appoints Michael Potter as CFO Following Jianchun Liu's Resignation
Bitdeer announces the appointment of Michael Potter, a former executive at Corsair Gaming and in the semiconductor industry, as its new Chief Financial Officer. The company retains Jianchun Liu as a principal advisor after his resignation, attributed to personal reasons, as reported by The Block.
last month·The Block·Reported by Kyle Baird
Ethereum and Solana Treasury Firms Sharplink and Forward Join Russell Indexes
According to The Block, Sharplink and Forward, firms related to Ethereum and Solana, have gained inclusion in the Russell U.S. indexes, which manage about $12.2 trillion in investor assets. This move highlights the growing mainstream recognition of crypto firms in financial markets.
last month·The Block·Reported by Kyle Baird
Strive Becomes Seventh-Largest Public Corporate Bitcoin Holder with $85.4 Million Purchase
Strive, founded by Vivek Ramaswamy, has acquired $85.4 million in Bitcoin, positioning the firm as the seventh-largest public corporate holder of the cryptocurrency, as reported by The Block. This acquisition surpasses other notable players such as Coinbase and Riot Blockchain.
last month·The Block·Reported by Kyle Baird
New Bitcoin Reserve Bill Introduces 20-Year Lockup and Disclosure Requirements
A new strategic bill proposes a 20-year lockup period for Bitcoin purchases by the government, reducing the purchase target from 1 million BTC. The legislation mandates quarterly public disclosures and third-party audits of government-held Bitcoin, according to The Block.
last month·The Block·Reported by Kyle Baird
Kalshi and Polymarket Denied Requests to Halt Gambling Cases in Nevada and Washington
Kalshi and Polymarket failed to suspend state-level gambling enforcement actions in Nevada and Washington, according to The Block. The Ninth Circuit ruled that federal derivatives regulations do not protect prediction market companies from state gaming authorities.
last month·The Block·Reported by Kyle Baird
HYPE Token Surges to Record High of $60 as Wall Street Demand Grows
HYPE token reaches a new all-time high exceeding $60 due to increasing interest from Wall Street investors, as reported by The Block. Notably, wallets linked to Grayscale have accumulated over $40 million worth of HYPE in just one week.
2 months ago·The Block·Reported by Kyle Baird
Nakamoto Bitcoin Treasury Announces 1-for-40 Reverse Split Amid Price Drop
Nakamoto Bitcoin Treasury reveals a 1-for-40 reverse stock split as its shares plummet in value, reducing outstanding shares from about 696 million to 17.4 million. This decision follows a dramatic price drop of 99.5%, according to The Block.
2 months ago·The Block·Reported by Kyle Baird
Securitize Reports Record Q1 Revenue with $3.4 Billion in Managed Assets
Securitize announced record revenue for the first quarter, attributed to approximately $3.4 billion in tokenized assets under management, according to The Block. The firm services about 650 active funds and processed $1.9 billion in transaction volume during the quarter.
2 months ago·The Block·Reported by Kyle Baird
Hyperliquid ETFs Achieve $22.3 Million in Early Inflows
Hyperliquid ETFs have drawn $22.3 million in early inflows, exceeding those of Bitcoin and Ether funds, according to The Block. Analysts suggest this trend reflects a positive indicator of organic interest in these funds.
2 months ago·The Block·Reported by Kyle Baird
CFTC Sues Minnesota Over Ban on Prediction Markets
The Commodity Futures Trading Commission (CFTC) initiates legal action against Minnesota for its recent law explicitly banning prediction markets, as reported by The Block. This law raises concerns over potential criminal liability for various stakeholders in the prediction market ecosystem.
2 months ago·The Block·Reported by Kyle Baird
Polymarket Launches Prediction Markets for Private Company IPOs
Polymarket has unveiled new prediction markets aimed at tracking initial public offerings and valuations for private companies, as reported by The Block. The initial offerings feature high-profile firms like OpenAI, Anthropic, Stripe, and Kraken, primarily within the AI, fintech, and cryptocurrency sectors.
2 months ago·The Block·Reported by Kyle Baird
Galaxy Digital Secures New York BitLicense for Digital Asset Services
Galaxy Digital, led by Mike Novogratz, has received approval for a BitLicense from New York regulators, allowing it to offer digital asset services in the state. This development broadens Galaxy's regulatory footprint to over 50 licenses globally, according to The Block.
2 months ago·The Block·Reported by Kyle Baird
Bitwise Adds HYPE to Balance Sheet from Hyperliquid ETF Fees
Bitwise announces that it will add HYPE tokens to its balance sheet, leveraging fees from its Hyperliquid ETF, which has recently surpassed both Ethereum and Solana in weekly blockchain fee generation, according to The Block.
2 months ago·The Block·Reported by Kyle Baird
HIVE Stock Rallies 35% on Plans for 320MW AI Gigafactory in Toronto
HIVE Digital's stock surged 35% following the announcement of a 320MW artificial intelligence gigafactory in Toronto, according to The Block. The facility is projected to support over 100,000 graphics processing units (GPUs).
2 months ago·The Block·Reported by Kyle Baird
