News
Stay up to date on the latest crypto trends with our expert, in-depth coverage.
CoreWeave’s attempt to acquire Core Scientific is met with resistance from Two Seas Capital, Core Scientific's largest shareholder, who believes the deal undervalues the company. The dispute is causing a rally in AI tokens and shining a light on the scarcity of centralized AI infrastructure, driving more interest in decentralized AI solutions.
Share link:In this post: Pinterest’s revenue beat expectations, but profit missed, and U.S./Canada user growth stayed flat, causing shares to drop 14%. The company is growing through AI, visual search, and shopping features, and expects up to $1.05 billion in Q3 revenue. Men now comprise over one-third of the firm’s users, with rising interest in wellness, fashion, tech, and finance.
Share link:In this post: Block Inc. raises 2025 profit forecast to $10.17b from $9.96b after a strong Q2. Shares surge 8% in after-hours trading following the upbeat outlook. Cash App gross profit jumps 16% to $1.50b, beating estimates, driven by Borrow, card spending, and BNPL.
Share link:In this post: Pete Bannon left Tesla after nearly a decade; he was the VP of hardware design engineering and led Dojo development. Elon Musk’s order shut down the Dojo team; engineers reassigned or left to form an AI startup called DensityAI. Tesla’s AI strategy pivots to external partners like Nvidia, AMD, and Samsung for compute and chip manufacturing.
- 18:19Ethereum's net supply increased by 17,940 in the past 7 daysAccording to Jinse Finance, on August 25, data from Ultrasound.money shows that Ethereum's net supply increased by 17,940.12 ETH over the past seven days. During this period, the total supply grew by approximately 18,655 ETH, while 1,757 ETH were burned through the destruction mechanism. The current annual supply growth rate stands at 0.774%.
- 17:13Total ETH Staked on Lido Surpasses 8.75 Million, with Over 990,000 ETH in Staking Rewards Paid OutAccording to official data reported by Jinse Finance, the total amount of ETH staked on the liquid staking platform Lido has reached 8,762,831 ETH, equivalent to approximately $42,209,731,080. In addition, as of now, Lido has paid out staking rewards totaling 991,635 ETH, which is about $4,776,613,319.
- 16:55Aave Founder: Proposal Created by WLFI Team Has Been Voted on and Approved by Aave DAOForesight News reports that Aave founder Stani.eth responded in the comments section of a tweet regarding the claim that "the WLFI team stated Aave would receive 7% of the total token supply," saying this information is inaccurate. He attached a link to the relevant proposal and stated: "The proposal created by the WLFI team has already been voted on and approved by the Aave DAO."