The Block names Steve Chung CEO, lands $10M from Foresight Ventures

Steve Chung has been appointed CEO of The Block, stepping into a role previously held by Larry Cermak, who moves to President with oversight of research and product. Chung brings a cross-industry background spanning Goldman Sachs, Fox, and NFT project Azuki — a profile that signals The Block is positioning itself as much for institutional audiences as for native crypto readers.

The leadership change arrives alongside a fresh $10 million investment from Foresight Ventures, earmarked for expanding institutional research, data products, and global reach. For a crypto media outlet, the pairing of a capital raise with an executive hire from traditional finance and media suggests a deliberate push up-market rather than a pivot in editorial direction.

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Wu Blockchain ✓ @WuBlockchain · 14d ago

The Block Appoints Steve Chung as CEO, Secures $10M Investment Crypto media outlet The Block has appointed veteran media and tech executive Steve Chung as CEO, succeeding Larry Cermak, who will remain President overseeing research and product. Chung previously held senior roles at Goldman Sachs, Fox, and NFT project Azuki. The move comes alongside an additional $10 million investment from Foresight Ventures, aimed at expanding The Block’s institutional research, data offerings, and global presence.

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