CoreWeave shares jump 8% after unveiling serverless AI tools for faster, cheaper model training. New service automates GPU scaling, cutting costs by 40% without impacting model quality. Strong AI demand fuels CoreWeave deals with OpenAI, Meta, and plans to acquire Core Scientific. Shares of CoreWeave surged as much as 8% on Wednesday following the announcement
Key Takeaways Sorare, a fantasy sports platform, is migrating its ecosystem to the Solana blockchain. The move aims to enhance transaction speed, composability, and interoperability for Sorare’s users. Sorare, a fantasy sports platform, today announced its migration to the Solana blockchain to enhance transaction speed and composability across its gaming ecosystem. The move positions Sorare
The UK Government has announced the creation of a new role, the Digital Markets Champion, to accelerate the digitalisation of wholesale financial markets. According to Bloomberg, this position will coordinate the private sector’s efforts in the field of tokenization and drive the digital finance transformation in the country. Speaking at the Digital Assets Week conference
TransCrypts, a blockchain startup building tools for people to own and share verified credentials, has raised a $15 million seed round led by Pantera Capital. The round included Lightspeed Faction, Alpha Edison, Motley Fool Ventures, and a mix of returning investors such as Mark Cuban and Protocol Labs. The funding follows a strong summer for
In an interview with CNBC, International Monetary Fund (IMF) Managing Director Kristalina Georgieva highlighted the uncertainty surrounding the global economy, stating that markets should accept this situation as a “new normal.” Georgieva also said the Fed may need to cut interest rates further as part of its balance between fighting inflation and supporting growth. Assessing
Shayne Coplan, the founder and CEO of premier prediction market Polymarket, is the youngest self-made billionaire at 27-years-old, according to Bloomberg. Coplan’s ascent comes after Polymarket was valued at $9 billion following a $2 billion investment from the NYSE owner, Intercontinental Exchange, also referred to as ICE. Coplan joins a prestigious list of crypto billionaires,
The minutes of the meeting containing details about the FED’s 25 basis point interest rate cut decision taken last month have been published. Here are all the details you need to know from the minutes: Few officials felt it was advisable not to cut interest rates in September. One participant supported a half-point rate cut
Minutes from the Fed’s September meeting may indicate that officials are beginning to consider ending the balance sheet reduction plan. The Fed cut interest rates by 25 basis points at its last meeting. The minutes of that meeting will be released today at 10:00 PM (UTC+3). The Fed, which reversed the expansionary policies implemented during
Welcome to The Protocol, CoinDesk’s weekly wrap of the most important stories in cryptocurrency tech development. I’m Margaux Nijkerk, a reporter at CoinDesk. In this issue: BTCFi’s Big Problem: 77% of Bitcoin Holders Haven’t Even Tried It, Says Survey Ethereum’s Fusaka Upgrade Passes Holesky Test, Moves Closer To Mainnet DoubleZero Mainnet Goes Live With 22%
YZi Labs, the venture office of Binance co-founder Changpeng Zhao and formerly known as Binance Labs, is creating a $1 billion fund to support long-term builders in the BNB ecosystem, the firm announced on Wednesday. The fund will focus particularly on builders developing on BNB Chain in areas like trading, real-world assets, artificial intelligence, and