Anchorage Digital has reportedly cut 17% of its workforce, putting cost pressure at the federally chartered crypto bank in contrast with a year of expansion across stablecoin issuance, institutional custody and settlement infrastructure. CEO Nathan McCauley informed employees of the reductions during the past week, according to people familiar with the matter. Anchorage has not
Ethereum layer-2 network Blast is shutting down after concluding that the cost of operating the chain exceeds the revenue it generates, ending a project that once held more than $2 billion in decentralized finance deposits and was built around the promise of native yield for Ether and stablecoins. Blast said users should move assets to
The Independent Community Bankers of America has sued the Office of the Comptroller of the Currency, arguing that the regulator exceeded its authority by allowing cryptocurrency companies to obtain national trust bank charters while conducting substantial activities outside traditional fiduciary services. The complaint, filed Oct. 2 in the U.S. District Court for the District of
Moving funds stolen in Bitget’s $387.5 million September breach generated at least $761,725 in identifiable fees for crypto protocols and services, while a separate analysis of THORChain affiliate payments found about $259,718 went to seven recipients with additional transaction links to wallets involved in the laundering routes. The figures come from independent on-chain researcher Andrey
W Group expands hashbank as a bridge between traditional banking and Web3, connecting regulated fiat services with external blockchain wallets. W Group has announced the next stage in the development of hashbank’s digital banking model, connecting regulated fiat banking services with external blockchain wallets and crypto platforms. The fully licensed bank enables customers to receive
Core Lightning has issued an urgent warning to Bitcoin Lightning Network node operators after receiving reports that attackers are targeting systems running version 26.06.7 or earlier, escalating a security process that has already produced two vulnerability-focused releases since late August. Operators have been told to upgrade immediately to version 26.06.8, released on September 22. Core
NEAR Intents says it has identified the person behind a security breach that caused approximately $3.8 million in losses, giving the individual 48 hours to return the funds before what the protocol’s general manager described as a “responsible disclosure” window closes. Alex Shevchenko, general manager of NEAR Intents, published three return addresses for Bitcoin, BNB
Micron reported a record $14.1 billion of NAND revenue after Wednesday’s close, and the figure that matters for SanDisk stock is the slope underneath it. NAND rose 42% sequentially in Micron’s fiscal fourth quarter, against 99% the quarter before, with prices up about 30% after a mid-80s percentage jump in Q3. Everything SanDisk sells is
A U.S. federal court has ordered two Fundsz promoters to pay more than $31 million in restitution and civil penalties after finding they helped mislead investors about a purported cryptocurrency and precious-metals trading program that claimed to generate returns of more than 3% per week.The Commodity Futures Trading Commission said the U.S. District Court for
Shareholders of Armada Acquisition Corp. II are scheduled to vote September 30 on its proposed business combination with Evernorth Holdings, potentially clearing one of the final major hurdles before an XRP-focused treasury company reaches Nasdaq under the ticker XRPN. The vote follows the U.S. Securities and Exchange Commission declaring Evernorth’s Form S-4 registration statement effective