Business – Page 243 – PK Press Club

Jito Foundation Acquires and Relaunches SolanaFloor After Shutdown for $27 Million Feat

The Jito Foundation announced its acquisition of SolanaFloor, a data platform and news site focused on the Solana blockchain, and plans to relaunch the publication after its recent closure. SolanaFloor ceased operations last month after a $27 million exploit involving its parent organization, Step Finance. The team considered external financing and an acquisition, but was […]

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Solana ETFs find institutional support while XRP funds rely more on retail

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US exchange-traded funds linked to Solana (SOL) and XRP (XRP) are attracting investors despite falling crypto prices, although the two products attract very different types of buyers. Solana ETFs are seeing higher participation from institutional crypto investors, while XRP funds appear to rely more on retail demand, according to a new report from Bloomberg Intelligence

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Vitalik Buterin pushes “DVT-Lite” to make validator setup easier

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The Ethereum Foundation is testing a method of managing validators that could make it much easier for institutions holding large amounts of ether to set up staking infrastructure, expanding the pool of participants and creating a more decentralized network. In an article on The experiment aims to make running validators on multiple machines less complicated.

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Bitcoin hits $71,500, CRCL, BTGO and FIGR recover as oil shock fears fade

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Cryptocurrencies extended gains on Tuesday as easing concerns over a potential oil supply shock improved risk sentiment in global markets. This change in sentiment came after the International Energy Agency (IEA) announced it would convene an extraordinary meeting of its member countries to consider releasing emergency oil reserves. Bitcoin BTC$69,896.46 surged above $71,500 for the

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Crypto Shouldn’t ‘Die on the Hill’ of Stable Coin Yield, Says Rick Edelman

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Latest developments: Edelman told CoinDesk’s Jennifer Sanasie on Markets Outlook that the dispute over whether stablecoins can provide yield threatens progress on market structure legislation. Banking groups say allowing stablecoin issuers to offer yield would siphon deposits from traditional banks. Edelman said banks oppose the provision largely because stablecoins pose a competitive threat to their

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DeFi lending platform Aave sees $27M in liquidations after wstETH price glitch

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Around $27 million was liquidated on decentralized lending platform Aave in the last 24 hours, which some market participants believe may have been caused by a temporary pricing glitch involving the wstETH token. Blockchain data reported by risk management firm Chaos Labs shows an increase in liquidations over the past 24 hours. Some observers believe

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Circle (CRCL) Could Rally Another 60% Thanks to Stablecoin Adoption and AI Agentic Finance: Bernstein

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Shares of Circle (CRCL), the crypto firm behind the stablecoin USDC (USDC), could be contributing to their recent remarkable rise, according to analysts at brokerage Bernstein. The team, led by Gautam Chhugani, rates the stock Outperform with a price target of $190, suggesting an upside of around 60% from the current level of $120. This

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$300 billion digital dollar boom could eat into traditional banks’ profits, Jefferies analysts warn

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There is an ongoing war between crypto companies and traditional banks over stablecoins, and analysts at Jefferies said they could become a constant drag on banks’ profits as use of the digital dollar spreads. Even though stablecoins do not pose an immediate existential threat to banks and are unlikely to trigger a sudden run on

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Senators attempt to unblock stalled Crypto Clarity Act with stablecoin yield compromise

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The US banking industry has been pushing to end the crypto industry’s market structure bill, the Digital Asset Market Clarity Act, due to a dispute over the appropriate role of stablecoin rewards. But lawmakers continue to negotiate a compromise to move this legislation forward. One of the lawmakers at the center of those talks, Sen.

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Investment firm Multicoin is betting that ‘internet job markets’ will drive the next wave of crypto adoption

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For much of crypto history, the primary use case has been simple: buy tokens and trade them. Now, some investors and builders believe the industry could be moving toward a completely different model: earning crypto instead of buying it. One version of this idea is what venture capital firm Multicoin Capital calls Internet Labor Markets

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