THE BLOCK VALUED AT $70M IN FORESIGHT VENTURES DEAL

Summary from the TLDR Crypto newsletter

The Block announced that it has sold a stake in the company for around $60 million to Singapore's Foresight Ventures for ~80% ownership. The majority of this capital was used to buy out former CEO Mike McCaffrey's stake following a scandal involving FTX loans. Foresight plans to help The Block expand its Asian customer base amidst struggles in the crypto media industry.