The Block - 2026-05-23 ​
3 items collected.
1. ECB warns EU finance ministers that easing euro stablecoin rules would weaken banks: Reuters ​
Author: Zack Abrams
Published: 5/23/2026, 8:21:18 PM
Categories: International Policymaking, Policy, Regulation, christine-lagarde
ECB President Christine Lagarde warned the changes would destabilize bank funding and weaken interest-rate transmission.
2. FTX’s former law firm, auditor agree to pay $66 million to settle customer claims over fraud ​
Author: Zack Abrams
Published: 5/23/2026, 5:50:21 PM
Categories: Companies, Exchanges, Legal, Policy, fenwick-and-west, FTX
The law firm, Fenwick & West, denied wrongdoing and still faces a separate $525 million suit in Washington that is not covered by Friday's deal.
3. Spot bitcoin ETFs shed $1.26 billion in worst week since late January as ether funds see 10-day outflow streak ​
Author: Zack Abrams
Published: 5/23/2026, 3:19:31 PM
Categories: Funds, Markets, Bitcoin ETF, Ethereum ETF
BlackRock's IBIT now holds $61.1 billion in net assets against $64.8 billion in cumulative inflows, a difference of roughly $3.7 billion.