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CRWV Shares Fall 9% on Weak Outlook and Data Center Lags, CORZ Fallout

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CoreWeaves’ ( CRWV ) downtrend has worsened after the company warned that data center delays would affect its fourth-quarter results. The cloud computing provider, which specializes in AI infrastructure, saw its shares fall 9% in premarket trading to $96, falling below $100 for the first time since September. According to Pakinomist, the company reported third-quarter […]

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SoFi Launches Crypto Trading, Citing “Bank-Level Confidence” as Key Edge

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SoFi has become the first nationally chartered consumer bank in the US to launch in-app cryptocurrency trading, adding bitcoin, ethereum and solana access to its growing suite of financial services. The company announced the launch of SoFi Crypto on Tuesday, marking a significant expansion of its all-in-one financial platform. Customers will now be able to

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Bitcoin ETFs pull in $300 million as traders rush to buy the dip

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Good morning, Asia. Here’s what’s making news in the markets: Welcome to the Asia Morning Briefing, a daily overview of top stories in US hours and an overview of market movements and analysis. For a detailed overview of US markets, see CoinDesk’s Crypto Daybook Americas. Bitcoin ETFs snapped a two-week streak of redemptions by the

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The Tokenized Loan Platform aims to modernize small bank lending

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Financial technology provider FIS and structured finance platform Intain are rolling out a blockchain-based marketplace built on AVAX$17.12 that enables regional and local banks to securitize and sell loan portfolios directly to institutional investors, the firms told CoinDesk. The Digital Liquidity Gateway, as it’s called, tokenizes loans as non-fungible tokens (NFTs), automates settlement, including with

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Bullish (BLSH) Upgraded to Buy ClearStreet as Exchange Gains Market Share, Expands to US

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ClearStreet analyst Owen Lau upgraded shares of crypto platform Bullish ( BLSH ) to Buy from Hold on Tuesday, pointing to the company’s growing market share and product expansion, although he trimmed his price target from $60 to $57. Lau said Bullish’s share of global crypto spot trading rose from 2.1% in the third quarter

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Only the leanest Bitcoin miners will survive, MARA CEO warns

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Bitcoin BTC$103,056.26 mining industry is entering a difficult period characterized by increasing competition, increasing energy demand and declining profits, according to Fred Thiel, CEO of MARA Holdings (MARA). “Bitcoin mining is a zero-sum game,” Thiel said in an interview with CoinDesk. “As more people add capacity, it becomes harder for everyone else. Margins are compressed

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Brazil’s Central Bank Sets Crypto Rules, Sets Up $7m capital available for companies

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Brazil’s central bank issued its most sweeping crypto regulations to date, creating a formal licensing scheme for service providers and classifying a wide range of crypto activities as subject to foreign exchange and capital market rules. The framework introduces three resolutions that define how crypto companies must operate in South America’s largest economy, how much

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Ethereum (ETH) Is the ‘Infrastructure’ of Wall Street, Says Ex-BlackRock Exec

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For Joseph Chalom, Ethereum ETH$3,419.81 is not just another blockchain. It’s the infrastructure he believes Wall Street will ultimately build upon. Chalom, co-CEO of Sharplink and former head of digital assets at BlackRock, says the qualities that financial institutions care about most — trust, security and liquidity — are all present in Ethereum. That’s why

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Injective Launches Native EVM, Promises Faster, Cheaper DeFi

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Layer-1 blockchain Injective has rolled out what it calls its most significant upgrade yet: a native Ethereum Virtual Machine (EVM) layer. The upgrade aims to make Injective a go-to platform for developers and institutions by combining Ethereum compatibility with Injective’s existing high-speed infrastructure. The news comes nearly two weeks after Injective started its community buyback

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