In brief The U.S. Treasury’s FinCEN issued an order cutting MEXC Global, a top-20 crypto exchange, off from the U.S. financial system, …
Cuts
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Finance
Fed interest rates can move crypto before a decision, and cuts may not lift Bitcoin
by shayaanby shayaanWhat the Federal Open Market Committee changes The Federal Open Market Committee, or FOMC, sets the target range for the federal funds …
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For existing borrowers, the immediate restriction remains the freeze. Aave said its contracts were unaffected and users could still withdraw and repay. …
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Markets
OpenAI reportedly cuts fundraising and valuation targets amid AI jitters
by shayaanby shayaanAnxiety about the AI boom has sent the Nasdaq 100 slumping by about 10% in just three weeks since hitting a record …
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Finance
IREN Stock Falls Nearly 4% as Morningstar Cuts Fair Value Estimate to $37 on Financing Risks
by shayaanby shayaanThe valuation revision came amid a steep decline in IREN shares. On Thursday, the stock touched a new 52-week low of $26.60 …
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DeFi
OKX Europe’s LYUSDC token, backed by vault migration, cuts USDC Earn redemption wait to hours
by shayaanby shayaanToken issuance and representation Each unit of LYUSDC stands for one unit of staked $USDC and can be redeemed back to $USDC …
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Anchorage Digital, a federally chartered US digital asset bank valued at $4.2 billion earlier this year, has reportedly cut 17% of its …
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Mining
Ethiopia cuts Bitcoin miners’ power by 77% amid hydropower shortage: Report
by shayaanby shayaanEthiopia has reportedly reduced electricity delivered to Bitcoin miners to 23% of contracted levels as lower water inflows strain the country’s hydroelectric …
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Markets
Metaplanet cuts executive reward pool by 41%, extinguishes $220 million in value
by shayaanby shayaanThe bitcoin treasury firm cut the potential Series 10 share pool to 188.2 million. www.coindesk.com
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The CLARITY Act has faced a new timing obstacle after House Republican leaders canceled eight voting days and scheduled the chamber to …