Author: Coindesk

But, even with these advancements, Ethereum is still improving at a slow place with the network stuck in the middle of the scaling roadmap, a less exciting time where Merkle Trees, zkSTARKS, account abstraction, and technologies that unify desperate L2s are coming to fruition. Read the full article here

A defiant Salame, who had taken to social media to criticize his prosecution, was originally supposed to start serving more than seven years in prison on August 29 but told the court he’d been injured by a large German shepherd, leading to his reporting date being postponed to Oct. 11. He requested another extension earlier this week, ostensibly to continue treating the same dog bite. Read the full article here

Prices tend to rise with fewer new bitcoin in the open market as long as demand remains constant or increases. BTC jumped above $73,000 to new lifetime highs ahead of the April 14 halving – with some targeting a continued rally to as high as $160,000 by the end of this year. However, prices have largely fluctuated in the $59,000 to $65,000 range since then, nearing a 300-day sideways action record from 2016. Read the full article here

In documents filed with the U.S. District Court Southern District Of New York, Alexander Nikolas Gierczyk says he agreed to sell a $1.59 million FTX bankruptcy claim at a 42% discount to Olympus Peak Trade Claims Opportunities Fund with an “excess claim provision.” Read the full article here

During his time in prison Gambaryan has developed malaria, pneumonia and tonsillitis and suffers from complications tied to a herniated disc in his back, which left him in need of a wheelchair – though in a video from his last court appearance, Gambaryan did not have a wheelchair, and instead had to struggle on a single crutch. Read the full article here

Elsewhere in China, the PBoC has begun to roll out a $70.6 billion fund called the Securities, Funds, and Insurance Companies Swap Facility, Caixin reported, which will allow financial institutions to pledge bonds, ETFs, and specific stock holdings to the PBoC in exchange for liquid assets like government bonds, which they can use to secure additional financing for stock purchases as a form of market stabilization. Read the full article here

Today’s inflation numbers are likely to reinforce the idea that the Fed may pause any rate cuts in November, but offsetting the disappointing CPI might be some weak employment data. Initial jobless claims – which had pretty much flatlined at very low levels for many weeks – shot higher to 258,000 last week from 225,000 previously and versus forecasts for 230,000. It’s unclear, though, how much the aftermath of Hurricane Helene might have affected the data. Read the full article here

XRPL’s native token, XRP, rose as much as 3.75% Thursday, its biggest intraday gain since Sept. 29, Coindesk Indices data show. The token subsequently pulled back, but remains over 1.8% higher since midnight UTC, comfortably outperforming the wider crypto market, which has gained just 0.2%, as measured by the CoinDesk 20 Index (CD20). Read the full article here

The decision comes after Ethena laid out plans in July to invest its Reserve Fund in RWA-backed products. Some 25 issuers applied for allocation, and the final selection was made by the Ethena Risk Committee, consisting of five voting members of DeFi risk and advisory firms: Gauntlet, Block Analitica, Steakhouse, Llama Risk and Blockworks Advisory, with the Ethena Foundation as a non-voting member. Read the full article here

In addition to requesting jail time for Morgan, prosecutors have asked the court to order her to “return the cryptocurrencies seized by the government directly from the Bitfinex Hack Wallet – including approximately 94,643.29837084 BTC, 117,376.52651940 Bitcoin Cash (BCH), 117,376.58178024 Bitcoin Satoshi Vision (BSV), and 118,102.03258447 in Bitcoin Gold (BTG) valued at more than $6 billion at current prices – as in-kind restitution to Bitfinex.” Read the full article here