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.
Frequently asked questions
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What specific changes can we expect in The Block's offerings under Steve Chung's leadership?
Under Steve Chung's leadership, The Block aims to expand its institutional research, data products, and global reach, reflecting a strategic focus on institutional audiences.
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How does the $10 million investment from Foresight Ventures impact The Block's future?
The $10 million investment from Foresight Ventures is intended to support The Block's initiatives in expanding its institutional research and data products, indicating a growth strategy.
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