Business

Meta plans 30% cut to Metaverse budget in 2026 as reality bites: Bloomberg

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Meta (META) may be retreating even further from the metaverse it once staked its future on. Executives are discussing budget cuts of up to 30% in the company’s metaverse division by 2026, according to a Bloomberg report citing people familiar with the talks. The device includes Horizon Worlds, Meta’s social virtual reality (VR) platform, and […]

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Ex-Signature Bank Execs Launch Blockchain Powered N3XT Bank Backed by Paradigm, Winklevoss

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A group of former executives of Signature Bank, the crypto-friendly bank that closed in March 2023, announced on Thursday the launch of a new blockchain-powered, full-reserve bank that aims to offer programmable payments in US dollars. Dubbed N3XT, the bank operates under a Wyoming Special Purpose Depository Institution (SPDI) charter, settles payments instantly using a

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XRP, HBAR, ZEC Lead Thursday’s decline, but alts could be ready to rally

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Bitcoin BTC$92,253.06 reversed its overnight gain to $94,000, falling back to $92,000 during US hours on Thursday, continuing choppy rangebound action after the wild first moves lower than higher earlier in the week. Ethereum’s Ether ETH$3,194.78 held up relatively well, down just 0.7% on the day and changing hands above $3,100 in the afternoon hours.

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Wall Street Heavyweights Back Builder of Canton, a Network Supporting $6T Onchain Assets

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Digital Asset, the blockchain firm behind Canton Network (CC), said Thursday it has secured strategic investments from four major traditional financial players as Wall Street’s crypto embrace continues. The investors in this round were BNY, a financial services firm that oversees $57 trillion in client assets, exchange operator Nasdaq, financial intelligence firm S&P Global and

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Christopher Harborne donates $12 million to Nigel Farage-led Reform Party

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A cryptocurrency investor has made a 9 million pound ($12 million) donation to the British political party Reform, according to a filing with the Electoral Commission on Thursday. The donation by Christopher Harborne, a Thailand-based entrepreneur who has invested in stablecoin issuer Tether and crypto exchange Bitfinex, has been described by various outlets as the

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Coinbase, Chainlink Introduce Base-Solana Bridge to Connect Ecosystems

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A new bridge connecting Base, the layer 2 incubated by Coinbase, and the Solana blockchain is now live on the mainnet, giving users and developers a way to move assets directly between the two ecosystems. Secured by Chainlink’s Cross-Chain Interoperability Protocol (CCIP) and Coinbase, the Base-Solana bridge enables the trading and use of Solana-based tokens,

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BTC’s negative correlation with the Nasdaq continues and history suggests a bottom may be forming

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Bitcoin BTC$92,485.99 is again behaving differently from the traditional risk asset complex, and the recent divergence may send an important signal.Negative correlation between bitcoin and the Nasdaq 100 has often been in line with market bottoms for bitcoin, and the current setup is similar to several previous turning points. This is now the fourth time

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BNB nears $910 as volume jumps 68%, signals rising interest near resistance zone

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BNB rose to $908 over the last 24-hour period, up 1.44% for the period, as an increase in trading volume suggests that large investors may be accumulating the token in a consolidation phase. Volume surged 68% above average, peaking at 86,436 tokens in a single hour as BNB tested a key resistance cluster between $920

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Bitcoin (BTC) ‘Basis Trade’ Liquidation Led to Recent $4B ETF Outflows

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The US-listed spot bitcoin BTC$93,047.95 exchange-traded funds (ETFs) saw billions in outflows in recent weeks amid a 35% price drop from $125,000 to the low $80,000s, sparking talk of institutional capitulation. Still, data analysis from Amberdata presents a far more nuanced picture: concentrated redemptions from “basis trading” or arbitrage bet closings, not broad panic across

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