Kraken, a U.S.-based cryptocurrency exchange, has reportedly closed a $500 million funding round, reaching a valuation of $50 billion. The raise, which had participation of Arjun Sethi, co-CEO of Kraken, and Tribe Capital, a venture capital firm founded by Sethi himself, has fueled speculation about Kraken going public soon. Kraken Closes $500M Funding Round Successfully, …
Continue reading “Kraken Raises $500M at $15B Valuation, Fuels IPO Speculation”
Instead of visiting brick-and-mortar branches or waiting days for a check to clear, many consumers now receive their salary via direct deposit and turn to online lenders when they need short-term financing. These innovations can provide speed and convenience, but they also require careful consideration. What Are Direct Deposit ShortTerm Loans? Traditional payday or title …
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Moody’s warns “cryptoization” is undermining monetary policy and bank deposits in emerging markets amid uneven regulatory oversight.
TLDR Taiko launched the Hoodi testnet on September 25, replacing the Hekla testnet. Hoodi introduces preconfirmations to speed up transaction processing for Ethereum developers. Developers can now test faster transaction flows and simulate mainnet conditions on Hoodi. Hekla will sunset on September 30 due to the Ethereum Foundation’s decision to deprecate the Holesky testnet. Taiko’s …
Continue reading “Ethereum Layer 2: Taiko Introduces Hoodi Testnet, Replaces Hekla”
Key factors, such as Bitcoin dominance, liquidity shifts, market cycles and investor sentiment, drive altcoin season. Altcoin season, often called “altseason,” occurs when a significant portion of altcoins, cryptocurrencies other than Bitcoin, experience rapid price increases that outpace Bitcoin’s performance. This period is characterized by a shift of investor capital from Bitcoin (BTC) into assets …
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HSBC says quantum computing just clocked a real trading win, reporting empirical gains in algorithmic bond pricing with IBM’s hardware and know-how. IBM Heron Takes Flight: HSBC Flags Quantum Gains in Algorithmic Bond Trading Announced Sept. 25, the joint trial touts the world’s first-known real-world evidence that today’s quantum machines can add value in live …
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Bitcoin’s brute computational engine is flexing harder than ever, as the network packed on a staggering 111 exahash per second (EH/s) in just eight days—catapulting the hashrate to a jaw-dropping 1,107 EH/s. Whatever’s powering this beast, it’s pushing the network into uncharted territory. Behind the Hashrate Curtain: New Rigs Hint at a Mining Revolution Bitcoin’s …
Continue reading “Record Difficulty, Leaner Rewards—So What’s Fueling Bitcoin’s Hashrate Stampede?”
Reports indicate that Hypervault, a project part of the Hyperliquid ecosystem, has disappeared overnight with over $3.6 million in user funds. Peckshield highlighted that most of these funds were bridged to Ethereum, and then 752 ETH was sent to Tornado Cash. Hypervault Rugpulls, Leaves Users Facing Losses for Over $3.6 Million Hypervault, a Hyperliquid-based decentralized …
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Bitcoin ETFs swung back into the red with $258 million in outflows, while ether ETFs marked a fourth consecutive day of withdrawals with another $251 million. Heavy exits from Fidelity and Bitwise dominated the carnage. ETF Pain Deepens: Bitcoin Funds See $258 Million Outflow, Ether Loses $251 Million The crypto exchange-traded fund (ETF) markets are …
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While local reports said the company was leaving Uruguay, Tether denied those claims, saying it remains in talks to continue its mining operations. The company said it is evaluating its path forward in Uruguay and across Latin America. Tether Is Not Leaving Uruguay, Continues Negotiations With State-Owned Power Company Tether, the company behind the issuance …
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TLDR: ESK is the first U.S.-listed ETF under the 1940 Act that combines spot Ethereum exposure with staking rewards for investors. The ETF distributes all staking rewards monthly, with REX and Osprey taking no share of the earnings. ETH price fell more than 6% in the last 24 hours, with technicals pointing to near-term bearish …
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The crypto bull market is no longer brewing – it’s here. And the top exchanges are riding the wave with record-breaking volumes, rapid product rollouts, and global expansion. As Q3 wraps up, we break down which platforms are dominating the market – and why they’re best positioned heading into the final quarter of 2025. The …
Two brothers have been federally charged after allegedly kidnapping a Washington County family and stealing $8 million in cryptocurrency during a nine-hour ordeal. Crypto Kidnapping Charges The U.S. has charged two brothers accused of orchestrating a violent nine-hour home invasion in Washington County, during which they allegedly stole $8 million in cryptocurrency. According to the …
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Cloudflare stated that Net Dollar is being built from the ground up to power AI agents on the internet, enabling a range of use cases centered on those agents. Cloudflare expects demand for these tools to increase as people increasingly delegate tasks to agents. Cloudflare Launched Net Dollar, a Stablecoin for AI Agents Cloudflare, one …
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