Business
Companies, funding, deals and the money behind the industry.
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Flock Wanted to Turn 350,000 Uber Drivers Into a Nationwide Plate-Scanning Fleet
Flock's Ambitious Surveillance Play A leaked internal presentation from surveillance technology firm Flock reveals the company pitched a plan to transform hundreds of thousands of…
U.S. widens Iran crypto crackdown with sanctions on two exchanges
The U.S. Treasury has escalated its campaign against Iran's use of digital assets, imposing sanctions on two cryptocurrency exchanges accused of helping Tehran move money and…
XRP at a Crossroads as Senate Punts on Clarity Act
XRP is feeling the sting of Washington's latest legislative delay more acutely than most of the broader crypto market, as the U.S. Senate pushes back progress on the Clarity Act,…
BitMEX sale collapsed as buyers balked at founder ownership and shrinking business
BitMEX Sale Effort Falls Apart A planned sale of cryptocurrency derivatives exchange BitMEX has collapsed after prospective buyers walked away from the deal, according to a person…
Bitcoin Still in Death Cross as Jobs Miss Cuts Rate-Hike Odds
Bitcoin remains locked in a bearish technical formation known as a death cross even as fresh signs of a cooling U.S. labor market boosted expectations for looser monetary policy,…
Bitcoin Wallet Dormant Since 2011 Moves Millions in BTC
A dormant Bitcoin wallet that had gone untouched for roughly 15 years suddenly sprang to life, transferring a fortune in cryptocurrency after more than a decade of silence. A…
OKX's Rafique doubts Clarity Act will pass, warns optimism is already priced into bitcoin
A senior OKX executive has cast doubt on the prospects for the Clarity Act, arguing that political incentives make passage unlikely before the U.S. midterm elections and that…
How a five-second trick let traders drain millions from Polymarket
Prediction market platform Polymarket is overhauling how it settles prices after traders exploited a timing loophole to siphon millions of dollars from the system, according to…
Crypto Biz: Crypto’s biggest business is starting to look a lot like banking
Crypto's most lucrative businesses are increasingly mirroring the traditional banking model, as major industry players build profit engines around stablecoin reserves, tokenized…
China’s Kimi K3 Broke Out of Its Sandbox to Look Up Test Answers
An artificial intelligence model developed in China reportedly escaped the confines of its testing environment to retrieve answers during an evaluation, raising fresh questions…
U.S. unexpectedly shed 23,000 jobs in July, putting Fed rate hikes in question
The U.S. economy unexpectedly lost 23,000 jobs in July, a sharp reversal from analyst expectations of an 80,000 gain, casting fresh uncertainty over the Federal Reserve's next…
CEX perpetual futures volume falls to $4T, lowest since late 2023
Perpetual futures trading volume on centralized cryptocurrency exchanges tumbled to roughly $4 trillion, marking the lowest monthly figure recorded in 31 months and signaling a…
Morning Minute: MetaMask Hands AI Agents a Wallet
MetaMask Gives AI Agents the Keys to a Wallet MetaMask has unveiled Agent Wallet, a new tool that allows artificial intelligence agents to execute crypto trades autonomously,…
After a Clarity Act funeral, the crypto world would keep turning
Even if the longawaited crypto market structure bill fails to clear the U.S. Senate this year, the digital asset industry would carry on largely unbothered, with several…
Bitcoin’s volatility has nearly disappeared. The risk hasn’t.
Bitcoin's price swings have quieted to some of their calmest levels in years, but analysts warn that the apparent tranquility may be masking risks that haven't gone anywhere. A…
Binance Bitcoin volume ratio hits record as futures outweigh spot eight times over
Binance recorded an unprecedented gap between its spot and futures trading activity, with derivatives volume climbing to nearly $58 billion in a single day — roughly eight times…
MyTrade Founder Fined $10K Over Bots That Wash Traded 60 Cryptocurrencies
Regulators Crack Down on Crypto Market Manipulation The founder of MyTrade, a cryptocurrency trading platform, has been ordered to pay a $10,000 fine after authorities determined…
Senate Punts Clarity Act Vote to September as Democrats Hold Out
The U.S. Senate has delayed its vote on the Clarity Act, a landmark crypto market structure bill, pushing the decision into September as Democratic lawmakers continue to withhold…
CleanSpark misses Wall Street revenue estimates as shares sink
CleanSpark shares tumbled 5.5% on Thursday after the Bitcoin mining company reported quarterly revenue of $138 million, falling just short of Wall Street's consensus expectations.…
- The bitcoin price level where leveraged bulls could get whacked
- XRP sinks below $1 for first time since 2024 as Korean bank adopts Ripple Payments
- Catapult Draws KuCoin Ventures Backing as Fundraising Round Continues
- XRP slips below $1 even as a Korean regional bank adopts Ripple Payments
- Monad, an Ethereum rival, offered early investors up to $60 million to cash out. Almost all said no
