NEWS
Once a $2.3 Billion Network, Ethereum Layer-2 Blast Is Shutting Down
In brief Blast, the Paradigm-backed Ethereum layer-2, is shutting down, saying it costs more to run than it earns and has no credible path to…
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Wall Street giant BNY discusses infrastructure tie-up with Kraken parent Payward
Nasdaq Ventures agreed last month to invest $100 million in Payward at a $21 billion valuation while expanding the companies’ collaboration on tokenized equities. Under…
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Nvidia Hits Record High as Market Value Reaches $5.7 Trillion
In brief Nvidia shares reached a record $237.88 in Friday trading, lifting the chipmaker’s market value to roughly $5.7 trillion, the largest of any company.…
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Ethereum-based Blast chain shuts down as operating ‘no longer makes sense’
The chain’s economics deteriorated quickly as speculative capital moved elsewhere and activity faded. Total value locked peaked over $2 billion in June 2024, according to…
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Trump’s possible next AI czar, Jay Clayton, helped pioneer the SEC’s crypto crackdown
Clayton, who did not respond to a message from CoinDesk, previously served as the U.S. attorney for the Southern District of New York before being…
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Bitcoin Heads Higher on Macro Moves: Where Does BTC Go Next?
In brief The U.S. added only 29,000 jobs in September versus 84,000 expected, and odds of an October Fed hike plunged to roughly 14% from…
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UK Finance Leaders Expect Tokenization to Reshape Markets
Nearly three-quarters of major UK financial institutions expect tokenization to reshape financial services, as banks and asset managers increasingly explore blockchain-based infrastructure for payments, settlement…
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Kalshi, Blockchain.com and Crypto Treasury Valuations
Crypto companies are raising billions again, but investors are no longer handing out premiums indiscriminately. Kalshi is reportedly seeking $1 billion at a $40 billion…
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Bitcoin Gains ‘Cleanest Catalyst’ as Bond Yields Drop on Weak US Jobs Data
Bitcoin (BTC) spiked past $87,000 on Friday as US jobs data missed expectations. Key points: Bitcoin tapped $87,200 but failed to make new multi-month highs…
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EU Issuers Explain Why Europe Needs US Dollar Stablecoins
European stablecoin issuers are making the case for regulated US dollar tokens, arguing that Europe’s push to strengthen the euro does not eliminate businesses’ need…
