Crypto

Blur will close its website on Nov. 12 after monthly trading fell from about $1.43 billion at its 2023 peak to under $7 million, ten days after sister project Blast announced its own shutdown. Blur, once the largest marketplace for trading Ethereum NFTs, is shutting down its website next month after trading activity collapsed more than 99% from its peak, marking the second major retreat in ten days for projects.

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The Palantir UK chief said the U.S. is racing ahead on enterprise AI while Europe hesitates, and explained why he thinks the company faces intense political attacks. Palantir (PLTR) head of U.K. and Europe Louis Mosley warned that the region is making the same mistake with artificial intelligence (AI) that it made with the internet. Where the U.S. "got the internet right," built a score of businesses and became the.

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The Bitmine chairman said he expects younger investors to drive demand for digital assets as his ether treasury company inches closer to owning 5% of the total supply. Tom Lee, chairman of ether ETH$2,528.01 treasury firm Bitmine BMNR$24.03, said he sees a wave of inherited wealth flowing to younger investors as a potential driver of the next crypto bull market. Lee, a Wall Street veteran who also co-founded financial research.

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A planned Bermuda issuance would put legal ownership onchain and seek capital for disaster risks that remain costly to insure. Natural disasters caused $220 billion in economic losses last year. Insurance covered only $107 billion of that bill, according to Swiss Re, leaving households, businesses and governments to absorb the rest. Capital has continued to flow into catastrophe bonds. Catastrophe bonds, or cat bonds, let insurers pass the financial risk.

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Ripple previously gave LMAX $150 million in financing to integrate RLUSD into its institutional infrastructure. Global bank giant Standard Chartered now offers institutional custody of Ripple’s USD-pegged stablecoin RLUSD on the XRP Ledger through its Dubai branch, giving eligible clients a regulated bank to hold the dollar-pegged stablecoin. The bank, with nearly $450 billion in assets under management, also plans to work with Ripple and LMAX Group, an institutional trading.

Crypto

Ledger said every confirmed case involves devices sold by the Southeast Asian reseller, but critics say the hardware-wallet maker must answer for an authorized sales channel. As much as $93.2 million in crypto was siphoned from wallets linked to the Ledger devices sold by the reseller CryptoBilis, according to several blockchain analytical and intelligence firms. Tether has frozen $10 million in USDT tied to the theft, while Ledger said Sunday.