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Shopping giant eBay has rejected an ambitious $56 billion takeover bid from video game retailer GameStop, leaving it to decide whether to give up, raise its bid or go to war with shareholders directly. eBay’s board of directors on Tuesday called the half-cash, half-stock takeover offer “neither credible nor attractive,” citing concerns about financing and…
The deputy governor of the Bank of France on Tuesday called for “the mobilization of all relevant European actors, public and private” to develop tokenized currencies. Beau’s comments contrast with recent remarks from European Central Bank (ECB) President Christine Lagarde, in which she said “the case for promoting euro-denominated stablecoins is much weaker than it…
The XRP exchange-traded fund (ETF) has seen its largest inflows since January, thanks to a series of developments at related company Ripple and favorable price action for the world’s fourth-largest token by market capitalization. Five U.S.-listed spot XRP exchange-traded funds reported net inflows totaling $25.8 million on Monday, the largest single-day inflows since January 5,…
Core consumer prices, excluding the well-known surge in energy costs, rose 0.4% in April, double March’s 0.2% gain and above economists’ expectations of 0.3%. Compared with the same period last year, core CPI rose 2.8%, compared with 2.6% in March and 2.7% expected. Overall CPI (excluding energy costs) rose by 3.8% in April, compared with…
Rachel Conlan, chief marketing officer (CMO) of Binance, the world’s largest cryptocurrency exchange, said she will leave the company next month after three years of helping build the brand. A Binance spokesperson said via email that former Trust Wallet CEO Eowyn Chen will serve as interim chief marketing officer. “Serving as Binance’s chief marketing officer…
Rachel Conlan, chief marketing officer (CMO) of Binance, the world’s largest cryptocurrency exchange, said she will leave the company next month after three years of helping build the brand. A Binance spokesperson said via email that former Trust Wallet CEO Eowyn Chen will serve as interim chief marketing officer. “Serving as Binance’s chief marketing officer…
Cryptoquant’s Bitcoin Bull-Bear Cycle indicator turned green for the first time since 2023, which could indicate that “market structures are starting to recover,” the firm’s on-chain market analyst Julio Moreno said on Wednesday. “Historically, this is an important signal of regime change,” Moreno wrote. “When the indicator moves out of bear market territory and into…
U.S. Commodity Futures Trading Commission (CFTC) Chairman Mike Selig said the agency is in talks with all major U.S. professional sports leagues as federal regulators deepen their oversight of sports-related prediction markets. Selig told FINRA’s annual conference in Washington, D.C., on Tuesday that the regulator is seeking broader cooperation with the league to monitor insider…
Bitwise CIO Matt Hougan said that Arc, Canton and Tempo, three blockchains focused on stablecoins and tokenization, have raised more than $1 billion in funding, highlighting the growing demand for privacy-focused crypto infrastructure from institutions. Stablecoin issuer Circle (CRCL) recently raised $222 million for Arc at a $3 billion valuation, while Digital Asset is reportedly…
Osero, a stablecoin yield infrastructure project incubated by Stablewatch and Soter Labs, raised $13.5 million in a funding round led by Sky Ecosystem and co-led by Plasma. According to the announcement, this round of financing includes angel investors such as USDT0, Maple, Accountable, Four Pillars, RedStone, The Rollup and Kairos Research. According to DeFiLlama, stablecoins…