Intel Shares Soar After Plan to Establish AI-focused Foundry
Intel shares go up by 6% following plans to revitalize the company by establishing an independent subsidiary for its AI-focused foundry business. Intel’s stock price has declined by nearly 45%, and the company has reported multibillion-dollar losses in the past year. In a memo to employees on September 16, Intel CEO Patrick Gelsinger announced that […]
Analysts Predict Bitcoin Volatility Ahead of US Interest Rate Decision
The Fed is poised to announce its first interest rate cut since the pandemic, potentially causing further volatility before the next Bitcoin leg up. Bitcoin’s price faces potential downside pressure ahead of tomorrow’s interest rate decision, following the loss of key support at $60,000. Bitcoin volatility may lead to unpredictable price movements before the Federal Reserve’s […]
Circle to Launch USDC Stablecoin on Sui Network
The co-founder and CEO of Circle have announced that USD Coin (USDC), the second-largest stablecoin by market capitalization, will be transitioning to the layer-1 blockchain Sui network. Jeremy Allaire, the CEO of Circle, has announced the forthcoming launch of USDC on the Sui network, which will extend the stablecoin’s support beyond 15 blockchain networks. Stravia.sui111.sui, […]
Euler Finance Announces Launch of New Stablecoin Maxi
Euler Finance, a decentralized finance lending platform, has launched a hybrid token called Maxi. The development was revealed on September 16 by Euler Labs, the group responsible for the Ethereum decentralized finance lending protocol. According to a post on X by the platform, Maxi is a customized financing solution that aims to provide its clients […]
The Graph Upgrades Tooling to Accelerate dApp Deployment
The Graph has released significant updates aiming to improve the decentralized apps ecosystem on Solana. According to a press release that The Graph provided on September 16, it has improved its tooling on the Solana network to give the developers new methods to access and utilize the blockchain. Thanks to enhancements, developers now have additional […]