Michael Novogratz’s Galaxy Looks to AI Computing as Bitcoin Mining Revenue Falls
The firm signed a non-binding deal with a hyperscaler firm to potentially allocate all of its 800 megawatts power to hosting high-performance computers.
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Former FTX CTO Gary Wang Asks Court for No Jail Time
Gary Wang, the former chief technology officer at FTX and a one-time member of former CEO and convicted fraudster Sam Bankman-Fried’s inner circle, has requested that he serve no prison time for his role in the crypto exchange’s 2022 implosion.
Trump Family-Backed Crypto Project Makes $1M Gain in ETH Following Tame Token Sale
World Liberty Financial, the decentralized finance (DeFi) project backed by the family of U.S. presidential elect Donald Trump, has made $1 million in unrealized gains following a muted token sale last month.
UK Lords Echo Support for Digital Assets Property Bill
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Ether, Touted as Internet Bond, May Top $3K on Fed Rate Cut, Outperform Bitcoin: Omkar Godbole
Elevated interest rates in the U.S. have dented ether’s appeal as the internet equivalent of a bond, offering a fixed-income-like return on staking.
VC Darling Eclipse Finally Debuts Its Solana-Ethereum Blockchain Hybrid
Eclipse raised more than $50 million from investors but has been marred by controversy over the past year.
Dune Launches Dashboard Tracking $2.5B Lost to Crypto Hacks and Phishing Scams
The new dashboard by Dune reveals funds lost in over 5,500 blockchain-based scams, exploits, and attacks.
Protocol Village: Liquid Restaking Platform Puffer Launches Testnet for Ethereum Rollup ‘UniFi’
Protocol Village is CoinDesk’s living column chronicling blockchain tech project updates (CoinDesk)
First Mover Americas: Bitcoin Holds Below $75K Before Expected U.S. Rate Cut
The latest price moves in bitcoin (BTC) and crypto markets in context for Nov. 7, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
SEC Seeks to Dismiss Three of Kraken’s Key Defenses in U.S. Lawsuit
A motion filed earlier this week rejected several of Kraken’s defenses and complained that the exchange was “trying to re-litigate the same issues repeatedly.”