AI chipmaker Cerebras down 11% after first public earnings report
In its first earnings report since its May IPO, Cerebras Systems (CBRS) is lower by 11% in after-hours trading after guiding to lower profit margins next quarter.
What's On
Meta halts worker tracking for AI training due to privacy fears
Meta has paused a new company-wide program of tracking its employees' computer usage which has been plagued by internal frustration.
Tech stocks tumble on concerns over AI spending
Financial markets received a sharp wake-up call on Tuesday following a sudden wave of selling in major technology shares, triggering widespread doubt over the sustainability of the AI boom.
Meta is developing a prediction market app called ‘Arena’ as sector booms: NYT
Meta (META), the parent company of Facebook, is developing a new app called “Arena” that mirrors a prediction market platform, according to people familiar with the matter who spoke with the New York Times.
Campaigners consider appeal after Gatwick bids fail
Campaigners opposing Gatwick Airport expansion have lost two High Court challenges against the government but have said they will consider an appeal.
Meta halts worker tracking for AI training due to privacy fears
Meta has paused a new company-wide program of tracking its employees' computer usage which has been plagued by internal frustration.
Tech stocks tumble on concerns over AI spending
Financial markets received a sharp wake-up call on Tuesday following a sudden wave of selling in major technology shares, triggering widespread doubt over the sustainability of the AI boom.
BNY sees 'FOMO' driving asset managers into tokenized funds
As tokenization moves from industry experiment to commercial product, asset managers are rushing to establish a foothold in the market.
Chainlink teams up with 47 South Korean, European banks to speed up international money transfers
Blockchain infrastructure company Chainlink said it is joining a group of banks that collectively represent over $10 trillion in assets under management to unlock real-time, stablecoin-based cross-border payments for fo…
Bitcoin's recent drop below $60,000 signals Fed, ETF and AI pressures: Deutsche Bank
The investment bank said bitcoin's renewed sell-off was driven by a hawkish shift in Federal Reserve expectations, sustained outflows from U.S. spot bitcoin exchange-traded funds (ETFs), a confidence shock following Str…
The SEC delayed tokenizing stocks, and here’s why that’s a relief
After two decades building systems that evolved from reactive to cognitive – first at VMware with mobile device security, now in compliance infrastructure for digital asset markets – I've seen that following the rules i…
Stop pretending EU's new border system is working, says airports chief
The head of Europe's airports trade body says concerns over the region's new digital border control system are keeping him and other industry bosses awake at night.
In Clarity Act's final weeks, its path through U.S. Senate not getting much clearer
The weeks are growing short for the Digital Asset Market Clarity Act to thread the needle of the U.S. Senate, but talks continue in several distinct negotiations as lawmakers seek to patch the remaining rifts in the cry…
The digital euro takes a massive step forward after winning a crucial European Parliament vote
The European Central Bank (ECB) scored a major victory after the European Parliament’s influential Economic and Monetary Affairs (ECON) committee voted to approve the legal framework for a digital euro on Tuesday.
Franklin Templeton closes 250 Digital acquisition deal and sets up new Franklin Crypto division
The $1.7 trillion asset manager Franklin Templeton is establishing a new dedicated active crypto investment management arm through acquisition of 250 Digital.
Vitalik Buterin says Ethereum Foundation will cut budget 40% in major reset
The Ethereum Foundation (EF) will slash its budget by roughly 40% this year as part of a shift toward a leaner, endowment-style operating model, Ethereum co-founder Vitalik Buterin said in a blog post published Tuesday.
Former Robinhood Crypto COO Tanya Denisova joins stablecoin issuer Agora as head of operations
Tanya Denisova, the former chief operating officer of Robinhood Crypto, has joined stablecoin issuer Agora as head of operations, according to a Tuesday blog post by Agora's CEO and co-founder Nick van Eck.
Bitcoin volatility looks cheap as $10 billion options settlement nears
This is an excerpt from CoinDesk newsletter 'Daybook.' Sign up here, if you haven't already.
Bitcoin may need to plunge 15% or more to mark bottom, according to this long-time indicator
As bitcoin trades near its 200-week moving average, a long-term support indicator currently sitting around $62,400, investors are closely watching whether the level can hold. If the 200WMA breaks, attention is likely to…
Can you keep your kids off school or refuse to work during a heatwave?
The Met Office has issued a rare red warning for extreme heat covering parts of England and Wales later this week.
Ripple targets EU, wins preliminary MiCA approval from Luxembourg financial regulator
Ripple, the blockchain company behind the XRP Ledger, is on its way to regulatory approval in the European Union (EU) via licensing in Luxembourg.
Ethereum Foundation cuts 20% of staff amid leadership exodus
The Ethereum Foundation is cutting roughly 20% of its workforce, eliminating 54 positions as part of a broad restructuring that comes amid sustained senior leadership turnover and growing fragmentation across the wider …
Stop pretending EU's new border system is working, says airports chief
The head of Europe's airports lobby group says concerns over the region's new digital border control system are keeping him and other industry bosses awake at night.
Strategy's STRC slump prompts Terra comparisons that don't hold up, says analyst
Strategy's preferred stock STRC slid to record lows over the past week, and the fall has revived a comparison to Terra's UST, the stablecoin whose collapse erased about $40 billion in 2022.