CEO Tim Grant will lead AI venture TensorX, while CIO Stuart Connolly stays to oversee the firm’s formal unwind in January.
Coindesk
Ripple is earning fees financing leveraged stock bets, a business long run by banks
The crypto company’s $1.25 billion acquisition of Hidden Road has opened a corner of Wall Street where funds pay to amplify daily moves in stocks such as Nvidia and Sandisk.
Bitcoin loans are paying for tuition and working capital, not just trades, lenders say
Bitcoin-backed lending is evolving into a mainstream source of credit, with borrowers using BTC to access liquidity without selling.
Ethereum’s Glamsterdam test runs near 200 million gas per block after upgrade
The Sepolia rehearsal has raised its processing budget more than threefold, but sampled blocks used less than half that allowance.
Bitcoin breaks below $83,000 as oil jumps on Iran strike-plan report
Bitcoin has slipped under a level FxPro says opens a “quick path to $80,000.” Brent crude climbed above $102 and pushed Treasury yields back toward their highest since 2002.
Crypto news site Cointelegraph seeks buyer after web traffic plunges
The amount of money the crypto media firm has been shopping itself for was not revealed.
Wells Fargo in talks with Kraken parent Payward for crypto trading liquidity
The discussions would see Payward supply liquidity for crypto trading as major banks deepen their involvement in digital assets.
Polygon taps TRON’s $94 billion stablecoin supply for seamless cross-border transfers
Polygon said businesses can also move the world’s largest stablecoin USDT between TRON and EVM networks without connecting to a wallet provider, bridge or fiat-ramp operator.
Gate bets all-in-one money app is crypto’s biggest consumer trend this year and next
Gate rebrands around Gate Money, which combines accounts, asset conversion, savings and card payments as the exchange broadens beyond its trading base.
Crypto Long & Short: Zcash and the case for privacy in the age of AI
AI has made it cheap to link wallet addresses to the people behind them, and the permanence of the blockchain means records don’t age out. Michael Zhao of Grayscale Research explains how Zcash’s shielded transactions address this problem, and why close to 29% of all ZEC ever mined now sits in the shielded pool.