Cipher Mining signed a 10-year AI hosting agreement with Fluidstack, backed by a guarantee from Google, who will receive a 5.4% equity stake.
The round included new backing from Coinbase Ventures, with increased commitments from Galaxy Ventures and Vertex Ventures.
Also: Plasma to Launch Mainnet This Week, New Liquid Staking Token for XRP Holders, and ICP Bets Big on AI Tech Stack.
IREN's AI cloud buildout could deliver $500 million in annual revenue by early 2026, according to analysts at Bernstein.
Cloudflare and Coinbase are launching the x402 Foundation to promote adoption of the x402 protocol, a framework for agentic payments.
“This milestone reinforces the firm’s role as a leader in modernizing how capital is raised, traded, and owned,” the firm said.
The introduction highlights a push to tie the XRP ledger into cross-chain liquidity flows, with returns projected at 6%–8% dependent on strategy performance.
This could be the beginning of a new tech stack — one in which AI, not humans, becomes the primary developer of applications, says Dfinity founder Dominic Williams.
Other experts in the crypto community, such as Adam Back and Peter Todd, are less convinced of the near-term threat.
X discovered a "bribery network" of users who have allegedly been "involved in crypto scams" and paid middlemen to attempt to bribe employees.
The team claims that the network will debut with more than $2 billion in stablecoin liquidity.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Also: DeFi’s Future on Ethereum, EF Creates dAI team, and Amex Blockchain-Based Travel Stamps.
The backlog pushed exit wait times to more than 46 days on Monday, the longest in Ethereum’s short staking history, dashboards show. The last peak, in August, put the exit queue at 18 days.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Prior to Ava Labs, Arielle Pennington was the head of communications at the Solana Foundation since April 2023.
Google debuts an open agent-to-agent payments protocol with stablecoin support, developed with Coinbase and over 60 other firms.
Ethereum is in the midst of a paradox. Even as ether hit record highs in late August, decentralized finance (DeFi) activity on Ethereum’s layer-1 (L1) looks muted compared to its peak in late 2021. Meanwhile, layer-2 (L2) networks like Arbitrum and Base are booming, with billions in total value locked (TVL).
Currently sitting at 260th in the U.S. App Store rankings, Coinbase's position suggests retail participation remains relatively muted.
mUSD is the first stablecoin launched by a self-custodial crypto wallet and is meant to be the default digital dollar across its ecosystem.
Research scientist Davide Crapis announced a new EF unit focused on AI payments, coordination and standards like ERC-8004 to ensure decentralized, verifiable infrastructure.
The digital passport stamps form part of Amex’s new travel app, designed to record and commemorate the travel experience.
The milestone builds on the network’s incentivized testnet, which went live in July and stress-tested Boundless’ architecture under real-world conditions.
The project, co-founded by an early Hyperliquid backer, has raised eyebrows amid rising competition among suitors.
Also: Ledger CTO Warns of NPM Exploit, Backpack EU opens, and Polygon PoS Chain Reports Finality Lag
The validators were tied to the SSV Network, a distributed validator technology protocol that decentralizes staking infrastructure.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Kiln described the ETH validator exits as a precautionary step to safeguard client assets in the wake of the SwissBorg event.
Developers aim to rebuild confidence after a hidden rebase flaw in v1, promising a simple, auditable token structure.
Binance, the world’s largest crypto exchange, is integrating Ethena Labs’ USDe synthetic dollar across its platform.