While tensions surrounding the Clarity Act continue in Bitcoin and altcoins, the Fed yesterday raised its policy interest rate by 25 basis …
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In brief Bitcoin Suisse plans to relocate up to half its Zug headquarters jobs abroad—as many as 60 positions, mostly back-office and …
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Markets
Bitcoin Suisse plans to cut up to half its Swiss jobs as it shifts work abroad
by shayaanby shayaanThe company is closing its Copenhagen IT site while maintaining Bratislava and opening a new hub in Vietnam to reduce costs. www.coindesk.com
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Lido, a leading liquid staking protocol, has announced a revision to the fee structure of its EarnETH vault. The updated model will …
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India’s crypto tax debate has returned after the Bharatiya Janata Party announced new national office-bearers on August 17. The organizational reshuffle has …
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Mining
Public Bitcoin miners cut hashrate 13.4% as AI infrastructure revenue grows
by shayaanby shayaanPublicly traded Bitcoin miners are cutting mining capacity faster than the Bitcoin network overall, suggesting that more operators are redirecting electricity and …
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Markets
New Ethereum proposal would cut issuance to zero if staked ETH reaches $112 billion
by shayaanby shayaanThe EIP-8361 draft proposal calls for burning a rising share of validator rewards as the staking ratio climbs. www.coindesk.com
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The bank said tokenized money market funds, Open USD and slower USDC growth could weigh on the stablecoin issuer’s earnings. www.coindesk.com
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This restructuring is part of a strategy to build a full-stack payments platform following the company’s acquisitions of Monavate and Baanx. www.coindesk.com
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Markets
Polymarket traders cut Clarity Act passage odds to record low as Senate delay drags on
by shayaanby shayaanPolymarket bettors have cut the odds of the CLARITY Act passing this year to a record low as Senate negotiations over ethics …