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Block Street Raises $11.5M to Build ‘Execution Layer for On-Chain Stocks’

Block Street, a new crypto infrastructure startup, has secured $11.5 million in funding to develop an execution layer for on-chain stocks. The investment round was led by Hack VC, alongside support from Generative Venture, DWF Labs, and notable executives from firms like Jane Street and Point72. Block Street aims to create a trading environment for tokenized stocks that rivals the speed and reliability of traditional markets. Its system, Aqua, utilizes a request-for-quote (RFQ) model, allowing market makers to offer competitive prices, which are cryptographically verified on-chain to minimize manipulation and delays. Additionally, the Everst component provides lending and liquidation tools tailored for tokenized equities, enabling functions like borrowing and hedging. Co-founder Hedy Wang emphasized that their goal is to build robust infrastructure rather than just an app. The platform is set to launch on Monad later this year, with plans for future integrations with Ethereum, BNB Chain, and Base. The team, which includes veterans from Citadel, Point72, and Google, will also release dashboards to show their execution efficiency compared to automated market-makers.

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BTC Erases Wednesday's Spike, JPM Warns of Stock Crash

Bitcoin and the broader crypto market fell back into the red after a brief rebound on Wednesday, with Bitcoin trading at approximately $121,875.74, reflecting a 0.84% decline. This drop followed the release of Fed minutes that suggested a bias toward more rate cuts. Market analysts attribute the

Crypto Investors Shift From Market Cap to Stock-Picking Strategy, Says Bitwise CEO

Hunter Horsley, CEO of Bitwise Investments, revealed that institutional investors are moving away from focusing solely on market capitalization when investing in cryptocurrencies. Instead, they are adopting more sophisticated strategies akin to stock-picking, analyzing individual projects based on their unique fundamentals and value propositions. This shift reflects a maturation in

Dorsey and Lummis Advocate for Bitcoin Tax Relief

Block founder Jack Dorsey has called for a federal tax exemption on everyday Bitcoin transactions, urging the revival of a legislative effort that previously failed due to time constraints in Congress. Senator Cynthia Lummis responded positively, encouraging individuals to contact their representatives about the proposed exemption. The initiative aims to

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