The Block - 2026-06-22
7 items collected.
1. Solana treasury firm Solmate’s largest stakeholder sues board for self-dealing, fiduciary breaches
Author: Daniel Kuhn
Published: 6/22/2026, 8:17:43 PM
Categories: Companies, Crypto Ecosystems, Layer 1s, Markets, The Block, Token Projects, Solana
Board members Ron Sade and Keren Maimon personally bought about 2.298 million SLMT shares at $4.97, diluting shareholders ~20%.
2. Bitmine, SharpLink and Joe Lubin back Ethlabs nonprofit to advance Ethereum’s ‘next phase’ of growth
Author: RT Watson
Published: 6/22/2026, 7:39:22 PM
Categories: Crypto Ecosystems, The Block
Ethlabs, backed by Joe Lubin and the two largest ETH DATs, Bitmine and SharpLink, will focus on institutional adoption.
3. MoonPay expands into back-office financial operations with AI accounting startup Entendre acquisition
Author: Daniel Kuhn
Published: 6/22/2026, 7:21:18 PM
Categories: Crypto Ecosystems, Deals, The Block, Web3, AI
MoonPay has made at least four other acquisitions this year as it works to expand via MoonPay Trade and MoonPay Institutional.
4. Securitize asks court to reject tZERO’s ‘meritless’ tokenization patent allegations
Author: Kyle Baird
Published: 6/22/2026, 6:21:42 PM
Categories: Companies, Crypto Ecosystems, Policy, Regulation, The Block, Web3, Tokenization
Securitize alleged that tZERO's actions are "nothing more than the culmination" of shareholder pressure to capitalize on the patents.
5. Gate CrossEx: An Exchange-Native Answer to the Institutional Capital Fragmentation Problem
Author: Bryan Samsoedin
Published: 6/22/2026, 5:26:56 PM
Categories: Companies, Exchanges, Markets, The Block, gate-io
For sophisticated crypto desks, the bottleneck has rarely been finding liquidity, but rather moving capital fast enough to use it. A fund running active books across the largest CEXs operates multiple separate balance sheets that don’t talk to each other. Every account must be funded to meet worst-c...
6. HIVE stock surges 25% as Ivy League researchers train neural networks on Paraguay GPUs
Author: Kyle Baird
Published: 6/22/2026, 4:32:59 PM
Categories: Crypto Ecosystems, Markets, The Block, Web3, AI
The research was submitted to NeurIPS, one of AI's leading academic conferences, to be held later this year.
7. Intercontinental Exchange, OKX expand access to tokenized equities via joint venture co-chaired by former Gov. Cuomo
Author: Daniel Kuhn
Published: 6/22/2026, 3:59:21 PM
Categories: Companies, Deals, Exchanges, The Block, OKX
The new joint venture will enable OKX customers in the U.S. and internationally to access ICE futures and NYSE tokenized equities markets.