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VCI Global buys $100 million in OOB token; Tether becomes largest shareholder

Bitcoin (BTC) rises in tandem with other crypto majors and is trading above $104,000 at the time of writing on Wednesday. BTC's recovery follows a short-lived sell-off below $102,500 the day prior, driven by risk-off sentiment amidst macroeconomic uncertainty and potential profit-taking. Altcoins, including Ethereum (ETH) and Ripple (XRP), are also edging higher, hovering above $3,400 and $2.40, respectively. Data spotlight: Bitcoin price increases, supported by ETF inflowsInstitutional deman...

Bitcoin BTC -1.37% , Ethereum and major cryptocurrencies fell Wednesday morning as investor profit-taking accelerated amid growing uncertainty over a potential December rate cut. According to The Block's bitcoin price page, the world's largest cryptocurrency fell 3% in the past 24 hours to trade at $103,222. Ether dropped 4.7% to $3,434, XRP slid 5.3% to $2.4, and Solana declined 8.85% to $154.76. Bitcoin had fallen below the $103,000 mark to around $102,600 earlier on Tuesday. This decline c...

In August 2025, Covalent, a blockchain data provider, continued its token buyback and burn program, signaling its commitment to a deflationary token model. The company repurchased 900,000 CXT tokens during the month, bringing the total number of repurchased tokens to 7.7 million over the past 12 months—equivalent to 0.77% of the total supply. According to Covalent's developers, the tokens were bought on-chain and will be permanently removed from circulation through planned burns, ensuring the...

Bitwise’s proposed spot Chainlink exchange-traded fund (ETF) has appeared on the Depository Trust and Clearing Corporation (DTCC) registry, a development often seen as a strong signal that a product is nearing launch. Key Takeaways: Bitwise’s spot Chainlink ETF has appeared on the DTCC registry under ticker CLNK, signaling it may be nearing launch. The ETF, listed under the ticker CLNK, was added on Tuesday to the DTCC’s “active” and “pre-launch” categories. While the move doesn’t guarantee a...

JPMorgan officially rolls out 'JPM Coin' deposit token on BaseJPMorgan announced Wednesday that it has completed the proof-of-concept for its JPM Coin deposit token, which is now available to institutional clients on Base. Major financial players including B2C2, Coinbase, and Mastercard have already completed test transactions using JPMD JPMorgan has officially rolled out its USD-denominated deposit token JPM Coin (JPMD) to institutional clients on Base Layer 2, following months of testing. A...

ZCash's shielded pool has reached 23% of total supply, up from 18% in October, marking a steady progression in network privacy adoption. The shielded pool functions by obscuring transaction details, making the entire network more difficult to trace as more ZEC -9.49% enters this private state. As covered in previous issues of The Block's Data and Insights newsletter, shielding requires direct interaction with the chain, making it a useful indicator of genuine network usage rather than pure sp...

China’s cybersecurity agency has accused the U.S. government of orchestrating a $13 billion bitcoin theft, according to a Bloomberg report published Tuesday. The agency accused the U.S. of pilfering more than 120,000 bitcoin from the Chinese-based LuBian mining pool in December 2020 — the same incident Arkham Intelligence identified in August as one of the largest crypto heists on record. The Chinese National Computer Virus Emergency Response Center described the incident as a “state-level ha...