Today in crypto, BlockFills filed for bankruptcy in the US, Vitalik Buterin pushed for an update simplifying Ethereum’s node software and Galaxy Digital’s Alex Thorn says the US CLARITY Act has little chance of passing this year if it doesn’t advance within the next seven weeks.
BlockFills files for bankruptcy in the US
Crypto lending platform BlockFills filed for bankruptcy in the US on Sunday after the company halted customer deposits and withdrawals last month.
BlockFills’ operating company, Reliz LTD, and three other related companies filed for Chapter 11 bankruptcy in a Delaware bankruptcy court, reporting the company had estimated assets between $50 million and $100 million and estimated liabilities between $100 million and $500 million.
BlockFills said in a statement that the bankruptcy would “preserve the value of the business and maximize recoveries for stakeholders,” adding the Chapter 11 restructuring would “provide the necessary time and structure to stabilize the business, pursue additional sources of liquidity and recovery, and explore potential strategic transactions.”
The bankruptcy came after BlockFills suspended customer deposits withdrawals last month, citing a need to restore liquidity to the platform amid a crypto market downturn.
Earlier in March, a US court temporarily froze 70.6 Bitcoin (BTC) tied to the company after one of its clients, Dominion Capital, accused BlockFills in a lawsuit of misappropriating customer assets and commingling funds.
Vitalik Buterin promotes update simplifying Ethereum node software
Ethereum co-founder Vitalik Buterin posted a proposal, or a pull request, on Saturday that would merge the backend programs used by nodes to interact with Ethereum’s Beacon Chain, which handles consensus and staking, and the protocol’s execution layer into one unified code structure to simplify node setup.
Ethereum node runners, also called validators, currently have to run two separate programs, which each require setup and synchronization to coordinate and communicate the data produced by Ethereum’s consensus and execution layers.
This raises the technical complexity of running a node or providing validation services for the Ethereum network, preventing ordinary users from running their own infrastructure and forcing reliance on third-party service providers.
The Ethereum network and other smart contract blockchains have faced criticism for the technical complexity and hardware requirements to run a node, which has also raised centralization concerns about those networks.
CLARITY Act 2026 odds 'extremely low' if not passed before April: Exec
The US CLARITY Act, which aims to bring greater regulatory clarity to the crypto industry, may have little chance of passing this year if it doesn’t move forward within the next seven weeks, according to a crypto executive.
“If CLARITY doesn't pass committee by the end of April, odds of passage in 2026 become extremely low,” Galaxy Digital head of firmwide research Alex Thorn said in an X post on Saturday.
“This needs to hit the Senate floor by early May... floor time is running out, and odds diminish every day that passes,” Thorn said. It comes after US Senate Majority Leader John Thune said he doesn’t expect the chamber to act on the digital asset market structure legislation before April, as it will prioritize the SAVE America Act, which would require voters to provide proof of US citizenship in person to register.
