$4.2B crypto bank Anchorage Digital cuts 17% of workforce: Report
The reported cuts come as Anchorage expands its institutional footprint, including stablecoin issuance and a $100 million investment from Tether.…
Blast to wind down Ethereum L2 after costs outpace revenue
Once among Ethereum’s largest layer2 networks by total value locked, Blast is urging users to move their assets to mainnet ahead of the shutdown.…
How much higher can bond yields rise — and what does it mean for stocks?
Also in Weekend Reads: Adjustablerate mortgage loans, Gen Z entrepreneurs and advice from the Moneyist. Source：MarketWatch
Why bond investors quickly lost their enthusiasm for weak jobs figures
A weak U.S. labor report did what bad news hadn’t done in a while: It made U.S. debt look like a safe haven again — albeit briefly. Source：MarketWatch
BNY in talks with Kraken parent Payward over infrastructure partnership
The potential agreement could span digital assets, custody, trading, payments and other financialmarket infrastructure. Source：CoinDesk
Once a $2 billion Ethereum layer-2, Blast is shutting down after assets plunge 98%
Once home to more than $2 billion in crypto assets, Blast is shutting down as activity fades, costs rise, and bigger platforms like Coinbase and Robinhood…
Trump’s potential AI czar, Jay Clayton, helped pioneer the SEC’s crypto crackdown
The former SEC chairman who may be tapped to oversee the Trump administration's AI work has a potentially divisive history as a watchdog of tech innovation.…
71% of UK finance leaders expect tokenization to reshape financial services: Lloyds
A Lloyds survey found that faster payments and settlement are the most significant perceived benefits of tokenization, as the UK builds infrastructure for…
Europe’s leaders rush to release diesel from stockpiles as fuel-shock hangs over U.S. midterms
Europe leaders agreed Friday to release some of diesel stockpiles, pulling prices of oil down by more than 4%. Source：MarketWatch
Crypto’s billions are back, but the premiums aren’t
Kalshi seeks a $40 billion valuation, while Blockchain.com targets an IPO and crypto treasury companies struggle to maintain their oncehigh valuations.…
Bitcoin briefly hits $87K as weak US jobs data sends bond yields lower
Bitcoin climbed after weakerthanexpected payrolls pushed Treasury yields lower, but orderbook resistance kept BTC from reaching new macro highs.…
Federal Reserve Board issues enforcement action with Ontario Bancorporation, Inc.
Federal Reserve Board issues enforcement action with Ontario Bancorporation, Inc. Source：Federal Reserve