Zero Network assured users that all funds remain safe and bridgeable before the Ethereum Layer 2 permanently ceases block production on July 31. After operating for around 1.5 years, the Ethereum Layer 2 project Zero Network announced that it is shutting down its standalone chain and pivoting toward expanding the Zerion API and wallet…
SpaceX has launched the upgraded third version of its Starship rocket for the first time, though the test launch did not go perfectly for Elon Musk’s spaceflight company. The 407-foot rocket — the most powerful ever built — lifted off from SpaceX’s company town Starbase, Texas, at 5:30 p.m. local time. Just a few minutes…
Key Takeaways FDIC staff said depositors associated with the digital asset sector and active escrow depositors were more likely to run. Uninsured exposure intensified pressure, with more than 99.5% of Signature active escrow balances uninsured. Wire activity showed how quickly mobile funds left stressed banks during the 2023 runs. Digital Asset Depositors Moved Faster During…
Ripple joined a $6M funding round for cross-chain infrastructure platform Squid. Summary North Island Ventures led the $6M strategic round, with Ripple, Dialectic, and Borderless also participating. Squid has routed over $6 billion in volume through more than 4 million transactions since its January 2023 launch. The new funding brings Squid’s total raised to $13.5…
Anthropic reportedly expects its first profitable quarter as enterprise AI revenue surges, but rising compute costs could test that momentum. The post Anthropic Reportedly Reaches Profitability as Claude Wins Over Businesses appeared first on TechRepublic. Source link
When it comes to hookup sites and apps, reputation is everything. A company can buy all the advertising it wants, but if it doesn’t deliver the goods, then word of mouth alone can spell the end for it. In the dating app world, lots of contenders have come and gone. Just a handful have stood…
Key Takeaways Bitcoin fell 2.8% Friday as Coinglass logged $577.9M in crypto liquidations. Sosovalue data showed $36.29M leaving spot bitcoin ETFs during Friday trading. Donald Trump warnings and Fed fears kept BTC below the $76K resistance zone. Bitcoin Loses Ground The $80,000 range once again appears increasingly distant, with bitcoin now trading below the $76,000…
A Bitcoin reserve bill to codify Trump’s executive order gained a Nashville champion. Summary Rep. Matt Van Epps framed the American Reserve Modernization Act as an extension of Nashville’s growing Bitcoin ecosystem. ARMA would lock federally held Bitcoin for a minimum of 20 years and authorize Treasury to acquire up to 1 million BTC over…
On Friday, the ultrafast-fashion giant Shein finalized its acquisition of Everlane, a US clothing retailer that made its name by promising “radical transparency” into how its clothes were made. Neither company disclosed the price of the deal, but Puck reported last weekend that it clocked in at $100 million. Founded in 2010, Everlane became synonymous…
From a definitive “changing of the guard” for Ethereum’s most iconic media powerhouse to major billionaires reassessing their portfolios, here are the crypto stories you might have missed this week. 🏛️ Macro & Sovereign Reserves CZ: Asian Countries Will Build Bitcoin Reserves “Under the Radar” In his latest commentary, Binance founder Changpeng “CZ” Zhao stated…
