The crypto market remains under pressure ahead of the pivotal U.S. inflation data, which is expected to show the cost of living rose to a three-year high of over 4% in May. Tokens such as privacy-focused zcash (ZEC) and decentralized exchange Hyperliquid’s HYPE have each… Read More
A South Korean funeral services company has reported an unrealized loss of about 45 billion won ($33 million) tied to investments in leveraged ether (ETH) exchange-traded funds (ETFs). The Seoul-based Bumo Sarang, Korean for Parental Love, invested in the T-REX 2X Long BMNR Daily Target… Read More
A long-running dispute between OKX founder Star Xu and Binance founder Changpeng “CZ” Zhao resurfaced Thursday, with Xu calling CZ a “habitual liar” in a series of posts on X that revisit allegations dating back more than a decade. The clash traces back to Zhao’s… Read More
Kwasi Kwarteng, the UK’s former Chancellor of the Exchequer who served just weeks in September 2022, is re-emerging with a new focus on bitcoin, monetary history, and long-term economic thinking. Reflecting on the infamous mini-budget in an interview with CoinDesk, he was candid about the… Read More
The Algorand Foundation on Wednesday joined the ranks of crypto firms slashing headcount, losing 25% of its fewer than 200 employees and citing “the uncertain global macro environment” and a broader crypto downturn. The cuts arrived as a wave of layoffs proliferates across the industry.… Read More
Traders on prediction market Polymarket have doubled the implied odds of the Second Coming of Jesus Christ occurring by year-end, turning one of the platform’s stranger contracts into a better performer than bitcoin. The market, titled “Will Jesus return in 2026,” traded around 4 cents… Read More
