The 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 …
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The American labor market is losing steam faster than economists predicted, and that shift is already recalibrating rate expectations across the crypto …
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Markets
Institutions Cut Bitcoin And Ethereum ETF Exposure But Keep Buying XRP And HYPE
by shayaanby shayaanFor more details, visit the official Cryptoslate platform. TL;DR Institutional products tied to Bitcoin and Ethereum reportedly saw net outflows. XRP and …
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Markets
Vitalik Buterin says Ethereum Foundation will cut budget 40% in major reset
by shayaanby shayaanThe reduction comes on the same day the EF confirmed a 20% reduction in headcount and follows the resignation of co-Executive Director …
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Finance
Sanae Takaichi’s Government Passes Bill To Cut Taxes On Bitcoin, Ethereum Taxes In Japan From 55% To 20%
by shayaanby shayaanJapan’s lower house passed a bill on Thursday that puts cryptocurrency in the same legal category as stocks and other financial instruments. …
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Artificial Intelligence (AI) drove 38,579 US job cuts in May, the highest monthly total since tracking began in 2023, and the third …
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Regulation
European cloud providers back EU push to cut reliance on US tech giants
by shayaanby shayaanA coalition of thirteen European cloud providers and industry groups published a joint statement endorsing the European Commission’s push to wean the …