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The Block

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Location United States
Website theblock.co/
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Business Description

The Block, founded in New York in 2018 by Mike Dudas, operates as a digital asset information services company delivering breaking crypto news, proprietary research reports, and on-chain data through theblock.co.

The Block organizes its output around three pillars (news, research, and data), delivered through a free editorial feed and The Block Pro, a premium subscription suite of seven products. Pro Research draws on a 25-analyst team producing institutional-grade reports spanning Layer 1 and Layer 2 protocols, DeFi, spot and derivatives markets, policy, NFTs, and Web3. Pro Data delivers vetted on-chain datasets covering Bitcoin miner revenue, exchange web traffic, staking yields, and token metrics. The Block Pro News provides sector-specific deep-dives beyond the public feed. The Block also runs multiple newsletters, two podcasts ("The Crypto Beat" and "The Big Brain"), and Campus, an education platform aimed at institutional and retail newcomers.

The Block runs a team distributed across seven time zones for around-the-clock cryptocurrency coverage. PitchBook lists staff at approximately 134; The Block has reported a presence across five continents. Seed capital of $4 million came from Greycroft, Pantera Capital, BlockTower Capital, and Bloomberg Beta at founding. In January 2026, theblock.co drew 1.43 million visits, a 52.76% month-over-month gain, with average sessions of five minutes and 31 seconds. Top audience markets are the United States, India, and the United Kingdom.

Ownership shifted structurally in November 2023 when Singapore-based Foresight Ventures acquired an 80% stake at a $70 million valuation, paying roughly $60 million and clearing shares connected to Alameda Research loans taken by prior management during the FTX collapse. In the year following that deal, The Block reported 40% pageview growth, a 33% rise in unique users, and a 24% increase in monthly article output. The inaugural Emergence Conference, held in Prague in December 2024, drew more than 1,100 attendees and generated 564,000 social media impressions, with Czech political figures among participants.

In February 2024, The Block and market-maker Wintermute co-launched GMCI, a digital asset indices provider. GMCI's flagship product, the GMCI 30 index, tracks the top 30 cryptocurrency assets with a 25% cap per constituent, targeting both crypto-native and TradFi portfolio managers. In April 2026, The Block appointed media and technology executive Steve Chung as CEO. Larry Cermak, who had served as CEO since March 2023 and guided The Block through the Foresight acquisition, moved to President with responsibility for research, data, and product.

The Block is pursuing further growth in institutional data subscriptions and index licensing as GMCI expands its sector-specific products to include Layer 1, Layer 2, and DeFi benchmarks.

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