New updates have been reported about The Block.
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The Block has appointed veteran media and technology executive Steve Chung as Chief Executive Officer, signaling a renewed push to scale its institutional news, research, and data franchise at the intersection of crypto, traditional finance, and AI. Former CEO Larry Cermak will remain President, concentrating on research, data, and product, while Chung is tasked with turning The Block’s crypto-native information platform into a global institution of record for investors, market participants, and policymakers.
Backed by Foresight Ventures, which acquired The Block in 2023 and has now committed an additional $10 million in growth capital, the company has strengthened its balance sheet and is prioritizing expansion of its institutional research, data, and enterprise offerings. Chung, whose background spans Goldman Sachs, Fox Corporation, CJ ENM America, and NFT firm Azuki, plans to leverage AI to increase the speed, depth, and utility of The Block’s insights, with a focus on trusted, proprietary data and direct relationships with institutional audiences as crypto markets integrate further with mainstream financial infrastructure.