Crypto

Ether accounted for nearly 60% of the forced closures across the two largest cryptocurrencies, falling roughly twice as much as bitcoin. Nearly $483 million in bitcoin and ether futures positions were closed over the past 24 hours as cryptocurrency prices fell Thursday, with ether traders taking the largest hit. Crypto losses worsened on Thursday morning as uncertainty over the Federal Reserve’s next interest-rate decision weighed on markets. Bitcoin traded around.

Crypto

Computing power directed at Binance Pool has fallen from 26 EH/s in December to about 9 EH/s. Its remaining miners must choose another provider before a Nov. 10 cutoff. Crypto exchange Binance is shutting the bitcoin mining pool it launched in April 2020, with the computing power directed at the service down nearly two-thirds from the end of last year. Binance Pool had an estimated 26 exahashes per second, or.

Crypto

Bets on an October Fed rate hike briefly spiked to nearly 50% after Wednesday’s inflation report, but have since cooled. Bitcoin BTC$81,499.86 is under pressure as Wednesday’s U.S. inflation data revived concerns that the Federal Reserve could raise interest rates this month. The largest cryptocurrency by market value was trading just below $81,000 early Thursday, down nearly 1% since midnight UTC. Prices came close to $80,000 on Wednesday before a.

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CEO Tarek Mansour said he feels "pretty good" about the pending outcome of the current legal fight over who has the right to regulate prediction markets. ARLINGTON, Va. — The CEO of Kalshi, the company at the center of a high-profile legal battle over the future of prediction markets in the U.S., said the clash won't ultimately decide whether the rapidly growing industry is overseen by states or a federal.

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U.S.-linked wallets account for just over 88% of tracked AI model payments, dwarfing China’s 0.1% share, according to new Chainalysis research. Artificial intelligence (AI) agents are no longer just talking to each other. They are paying for services, buying data and even purchasing access to tokens the AI models, with more than 138 million transactions recorded through the x402 protocol on Coinbase’s Base blockchain, according to a Chainalysis’ Inside North.

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You're reading Crypto Long & Short, our weekly newsletter featuring insights, news and analysis for the professional investor. Sign up here to get it in your inbox every Wednesday. Note: The views expressed in this column are those of the author and do not necessarily reflect those of CoinDesk, Inc., CoinDesk Indices or its owners and affiliates. …and if you’re looking for bitcoin meets Broadway: Crypto is taking the stage.