ME News reports that on April 27 (UTC+8), crypto media platform The Block appointed Steve Chung as Chief Executive Officer. Steve Chung will succeed Larry Cermak, who will continue as President, overseeing research, data, and product operations. During Steve Chung’s tenure as CEO, The Block aims to scale its institutional research and data services, expand enterprise offerings, and deepen its role as a key information and data provider within the crypto ecosystem. Previously, Steve Chung served as the first Chief Growth Officer at Fox Corporation, Chief Digital Officer of Fox Television Group, CEO of CJ ENM America, and Chief Operating Officer of NFT company Azuki. Since being acquired by Foresight Ventures in 2023, The Block has significantly expanded its institutional business. Foresight Ventures recently invested an additional $10 million in growth capital to support the company’s next phase of expansion. (Source: Foresight News)
The Block Appoints Azuki's Former COO Steve Chung as CEO
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Summary
The Block has appointed Steve Chung as CEO, succeeding Larry Cermak, who will remain as president. Chung, former COO of Azuki and ex-CEO of CJ ENM America, will lead growth in institutional adoption and enterprise services. The company, backed by Foresight Ventures, recently secured $10 million in growth capital to expand its research and data offerings, including real-time inflation data tracking for institutional clients.
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