Amazon is cutting approximately 16,000 jobs across the company, marking its second major round of layoffs in three months as the tech giant works to streamline operations and focus resources on artificial intelligence initiatives. Beth Galetti, who leads People Experience and Technology at Amazon, told employees the reductions were the result of organizational changes that
Strive, backed by Vivek Ramaswamy, has added about 334 Bitcoin to its portfolio, bringing total holdings to 13,132 BTC, worth around $1.2 billion, the company announced Wednesday. The purchase pushes Strive ahead of CleanSpark to become the 10th-largest holder of Bitcoin, according to BitcoinTreasuries.NET. The acquisition came after Strive closed an upsized follow-on offering, which
Citrea, a Bitcoin-focused application platform backed by Peter Thiel’s Founders Fund and Galaxy Ventures, has unveiled its mainnet, opening the door for bitcoin to be used more directly across lending, trading and U.S. dollar settlement, according to an announcement on Tuesday. The debut also includes ctUSD, a native stablecoin fully backed by short-term U.S. Treasury
Bitcoin treasury company Strive (ASST) now has less debt and more bitcoin on its books after raising $225 million via an offering of its SATA preferred stock. With more than $600 million in orders, according to a press release, the offering was upsized from an initially targeted $150 million. The proceeds and exchanges enabled Strive
Kalshi, the prediction site known for turning headlines into tradable bets, is now being taken seriously by economists. A new study shows that Kalshi’s forecasts on Fed interest rates and economic numbers are just as accurate as the ones coming from Wall Street. The paper tracked data from 2022 through June 2024 and was written
A lack of visibility and the counting of old addresses were to blame for a popular Liquid Network dashboard displaying just 82.4% assets backing the $350 million market capitalization of Liquid Bitcoin (LBTC) this week. This is according to Adam Back, CEO of Blockstream, a founding member of the Liquid network and one of its
India’s blockchain and crypto ecosystem is moving into a decisive phase. As the Union Budget 2026–27 approaches, the conversation has shifted from whether crypto should exist to how India plans to keep innovation, capital, and jobs within its borders. For years, blockchain adoption in India remained limited to pilot projects. That phase is now fading.
Today, market focus is on the FOMC meeting as the latest rate decision will be announced. The Federal Reserve announces policy at 2:00 p.m. ET, followed by Chair Jerome Powell at 2:30 p.m. ET. Markets expect no rate change, with pricing showing near certainty, despite active debate among policymakers.
Banks warn stablecoins — especially those paying yield — could pull deposits out of the banking system, but policy and finance experts say there’s little evidence of that so far. Major US bank Standard Chartered recently estimated in a research note that stablecoin growth could drain bank deposits. The report estimates “that US bank deposits
CoinDesk Indices presents its daily market update, highlighting the performance of leaders and laggards in the CoinDesk 20 Index. The CoinDesk 20 is currently trading at 2763.65, up 0.9% (+23.37) since 4 p.m. ET on Tuesday. Thirteen of 20 assets are trading higher. Leaders: AAVE (+2.9%) and AVAX (+1.6%). Laggards: ICP (-2.5%) and SUI (-1.2%).