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The pulse of crypto, DeFi, and Web3 — curated and refreshed throughout the day.
ICYMI: Bitget says it has restored its Protection Fund back above $300M following the ~$388M hack.
Can NEAR crypto rebound? THESE metrics could decide what’s next
Private Markets Play a Growing Role in Long-Term Wealth
Treasury Issues GENIUS Act Rules for State Stablecoin Certification
INSIGHT: Fidelity is exploring broader access to its Ethereum-based tokenized money market fund, currently limited to professional and institutional investors. At CV Summit, Fidelity also outlined potential upgrades, including daily or intraday yield.
Bitcoin, Ethereum, XRP Pare Earlier Gains as Sentiment Turns Negative
Once a $2.3 Billion Network, Ethereum Layer-2 Blast Is Shutting Down
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 sustainability.
INSIGHT: Over 3,700 agents are in queue to enter Midnight City, with 903 currently online. Active agents are steadily growing, with 33 more added in 4 days.
UPDATE: #Cardano $ADA's performance and tracing team is "testing its benchmarking automation with the Leios prototype ahead of the release candidate. The team turned its transaction validation benchmark into a standalone executable that SPOs can run on their own hardware."
BNY in talks with Kraken parent Payward over infrastructure partnership
BNY is in talks with Kraken parent Payward over a broad financial-infrastructure partnership, sources said.
Bitpanda (@bitpanda_global) CEO Christian Trummer says MiCA kicking out lots of crypto companies has made retail investors have more faith in regulated players in the market. #CHAINREACTION
UPDATE: #Cardano $ADA's ledger team "added Peras protocol parameters as groundwork," advancing fast finality closer to mainnet, according to IOG.
Pi Network (PI) in October: 3 AIs Speculate What Will Happen With the Price
September was highly beneficial for numerous cryptocurrencies, yet Pi Network’s PI did not follow the overall green wave and posted a 4% monthly decline.
NEW: Tokenised credit is becoming productive onchain capital. Dune finds $1.5B, 19.1% of observed credit holdings already sits in lending protocols. With @StellarOrg becoming a major home for tokenised money-market funds, $XLM is positioning itself right where RWAs meet
Evernorth's $1 Billion XRP Treasury Clears Its Final Hurdle to Nasdaq
Amazon Looking to Offload $8Bn Nvidia Chips
Nvidia Hits Record High as Market Value Reaches $5.7 Trillion
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.
NEW: President Trump is expected to name Director of National Intelligence Jay Clayton as his new AI czar, Per CNN. Clayton is expected to remain DNI while taking on the new role.
Paradigm-backed Layer 2 Blast to wind down network as costs exceed revenue
Mastercard integrates Open USD stablecoin into BVNK platform
Lido EarnUSD fees drop to 0.2% as performance cut rises to 15%
Once a $2 billion Ethereum layer-2, Blast is shutting down after assets plunge 98%
Blast said it will shut down after concluding that its Ethereum layer-2 network no longer makes economic sense to operate.
Trump’s potential AI czar, Jay Clayton, helped pioneer the SEC’s crypto crackdown
Former SEC Chairman Jay Clayton is reportedly about to be named the U.S. AI czar.