Ross Ulbricht announced that he will make his first public appearance at the Bitcoin conference in Las Vegas, marking his first appearance since being released from prison. Block, Inc. reached a $40 million settlement with New York regulators due to significant deficiencies in its anti-money laundering program for its Cash App platform. Node Capital launched its first liquidity fund, investing in listed tokens, believing that the bear market conditions provide an attractive entry point for crypto assets ahead of an ETF. Despite a strong market rebound, the U.S. spot Bitcoin ETF saw a net outflow of $127 million on Wednesday, marking five consecutive days of losses. Meanwhile, Bitcoin Life Insurance raised $40 million in its Series A funding, totaling $60.75 million, to expand its BTC-denominated life insurance products.

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The following is adapted from The Block’s newsletter,The Daily, which comes out on weekday afternoons.Happy Thursday! You've probably seen Silk Road founder Ross Ulbricht's name in the headlines — first with his initial arrest, then with his bid for a presidential pardon and, most recently, his release from prison. Now, you might actually get to see him in person at an upcoming Bitcoin conference in May.In today's newsletter, Ross Ulbricht announces his first post-prison public appearance, Jack Dorsey's financial services firm Block settles for $40 million over anti-money laundering violations, Node Capital launches a liquid token fund and more.Meanwhile, the Bitcoin staking protocol Babylon launched its Genesis mainnet.Let's get started.Ross Ulbricht announced he will make his first public appearance since his release from prison at the upcoming Bitcoin conference in Las Vegas.Block, Inc. agreed to pay $40 million to settle with New York regulators after an investigation revealed major shortcomings in its anti-money laundering (AML) program related to its Cash App platform.Node Capital released its first liquid fund to invest in listed tokens, believing bearish market conditions offer attractive entry points for pre-ETF crypto assets.Despite a strong market rally, United States spot bitcoin ETFs saw $127 million in net outflows on Wednesday, extending their losing streak to five consecutive days.Bitcoin-based life insurance firm Meanwhile raised $40 million in Series A funding, bringing its total to $60.75 million as it expands its BTC-denominated life insurance offerings.Never miss a beat withThe Block's daily digestof the most influential events happening across the digital asset ecosystem.

Ross Ulbricht made his first public appearance after being released from prison, Block Inc. reached a $40 million settlement, and Node Capital launched a liquidity token fund.