Kraken parent Payward’s Q3 earnings fall 67% as crypto trading slows
Kraken parent Payward has reported a 67% annual drop in third-quarter adjusted earnings as weaker cryptocurrency trading activity weighed on its financial performance, despite a recovery from the previous quarter. According to a shareholder letter reviewed by Bloomberg News on…...
Read More
Bitcoin climbs above $70K and gold rises after cooler PPI report
The slight cooling in producer inflation may temper aggressive Fed rate hikes, impacting investment strategies and market sentiment. The post Bitcoin climbs above $70K and gold rises after cooler PPI report appeared first on Crypto Briefing....
Read More
Reuters finds more than $3 billion in Chinese AI projects built on restricted Nvidia chips
The persistence of Chinese AI projects using restricted Nvidia chips highlights the challenges of enforcing export controls and may prompt stricter regulations. The post Reuters finds more than $3 billion in Chinese AI projects built on restricted Nvidia chips appeared first on Crypto Briefing....
Read More
Bessent criticizes Commerce for not blacklisting Megaspeed over Nvidia chip diversion
The unresolved interagency dispute over Megaspeed’s blacklisting could undermine confidence in Commerce leadership, affecting market stability. The post Bessent criticizes Commerce for not blacklisting Megaspeed over Nvidia chip diversion appeared first on Crypto Briefing....
Read More
Arthur Hayes says he is flattered as Coinbase defends US stock perpetual futures in court
The court’s decision could redefine regulatory boundaries, influencing the future of derivatives in both crypto and traditional markets. The post Arthur Hayes says he is flattered as Coinbase defends US stock perpetual futures in court appeared first on Crypto Briefing....
Read More
Nvidia CEO scandal puts Southeast Asia’s chip industry under the microscope
The scandal may lead to stricter regulations and increased scrutiny on Southeast Asia’s chip industry, impacting global tech supply chains. The post Nvidia CEO scandal puts Southeast Asia’s chip industry under the microscope appeared first on Crypto Briefing....
Read More
USDC Treasury mints 250M USDC on Solana, boosting network liquidity
The increased USDC supply on Solana may alter liquidity dynamics, potentially affecting asset prices and market sentiment on the network. The post USDC Treasury mints 250M USDC on Solana, boosting network liquidity appeared first on Crypto Briefing....
Read More
Data center boom fuels inflation concerns, complicates Fed policy decisions
The data center expansion exacerbates inflation, challenging the Fed’s policy maneuvers and potentially leading to tighter monetary measures. The post Data center boom fuels inflation concerns, complicates Fed policy decisions appeared first on Crypto Briefing....
Read More
Crypto industry aligns with CFTC as legislative hopes fade
The crypto industry’s alignment with the CFTC may enhance regulatory clarity, potentially boosting market confidence and influencing Bitcoin prices. The post Crypto industry aligns with CFTC as legislative hopes fade appeared first on Crypto Briefing....
Read More
Fed’s Goolsbee warns inflation worsening, pressures policy tightening
Persistent inflation pressures may compel the Federal Reserve to further tighten monetary policy, impacting economic growth and market stability. The post Fed’s Goolsbee warns inflation worsening, pressures policy tightening appeared first on Crypto Briefing....
Read More