DeFi Report: Ethereum reclaims 42% Solana outflows
DeFi Report founder Michael Nadeau outlined that most Ethereum value moved to layer 2s, which would drive value to the layer-1 blockchain. While Solana has received inflows from other blockchains, a significant portion of that value has flowed back to Ethereum, according to Michael Nadeau, founder of The DeFi Report. In an X post , […]
AI Drives Meta & Microsoft Q3 Earnings, But Stock Prices Dip
Meta and Microsoft’s AI businesses announced better-than-expected quarterly earnings, but muted outlooks saw their shares down after hours. Shares in Meta Platforms and Microsoft declined in after-hours trading on Oct. 30 despite both companies posting strong Q3 earnings, as executives gave lower earnings forecasts and outlined increased spending plans for artificial intelligence (AI). Meta reported a […]
Canary Capital Files Solana ETF Application with US SEC
The crypto asset manager has filed for a spot Solana ETF, following earlier filings for XRP and Litecoin ETFs in October. Crypto asset manager Canary Capital has filed with the U.S. Securities and Exchange Commission for a spot Solana exchange-traded fund (ETF), following similar applications by VanEck and 21Shares. The proposed spot Solana ETF would track […]
Kazakhstan CBDC Pilot Cuts VAT Refund Wait Times
The National Bank’s latest initiative demonstrates the benefits of programmable central bank digital currency. Kazakhstan has introduced a new pilot project for its central bank digital currency (CBDC) to demonstrate its programmability potential. Collaborating with the Ministry of Finance, the National Bank of Kazakhstan (NBK) showcased how the digital tenge can streamline value-added tax (VAT) […]
Robinhood Sees 165% Surge in Q3 Crypto Revenue
Robinhood had a profitable third quarter in its crypto section as it disclosed its revenue surged by 165% amid US SEC strain. Despite regulatory pressure from the U.S. SEC, Robinhood Markets Inc., a commission-free crypto brokerage firm, has posted strong results in its third-quarter performance report, highlighting a robust crypto segment. In a competitive market, […]