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Kiln exits all of its Ethereum (ETH) validators: DetailsSwissborg loses $41 million after third-party API attackAs part of “additional precautionary measures to safeguard client assets,” Kiln, a large-scale staking platform, is exiting Ethereum (ETH) validators. This might significantly increase the exit queue of the second-largest blockchain.Kiln exits all of its Ethereum (ETH) validators: DetailsAccording to the official statement shared by its team, Kiln, a multi-blockchain staking protocol, is exiting all of its Ethereum (ETH) validators. The withdrawal is organized as part of security measures following the Sept. 8, 2025, attack on its partner.1/10 🧵 Following our announcement yesterday regarding the…

Nio’s stock heads for worst day in nearly two years after a large stock offering was priced at a deep discount.

September 10, 2025 | Asset Listings We’re thrilled to announce that UXLINK is available for trading on Kraken! Funding and trading UXLINK trading is live as of September 10, 2025. To add an asset to your Kraken account, navigate to Funding, select the asset you’re after, and hit ‘Deposit’.  Make sure to deposit your tokens into networks supported by Kraken. Deposits made using other networks will be lost. Here’s some more information about this asset: UXLINK (UXLINK) UXLINK is a Web3 social platform building decentralized social infrastructure with a dual-token model: UXLINK for governance and UXUY for reward. The platform…

The S&P 500 and the Nasdaq rose on Wednesday while the Dow Jones slipped after softer-than-expected wholesale inflation data.Oracle shares rallied on Wednesday after the tech giant forecast massive revenue growth.At 09:41 AM ET, the Dow Jones Industrial Average fell 85.24 points, or 0.19%, to 45,626.10, the S&P 500 rose 31.47 points, or 0.48%, to 6,543.78, and the Nasdaq Composite added 74.71 points, or 0.33%, to 21,952.25.The US Producer Prices Index (PPI) dropped in August on a decline in the cost of services.The latest PPI inflation report kept hopes high for the US Federal Reserve to cut interest rates later…

XRP traded at around $3.016 to $3.02 on Sept. 10, 2025, at 10:30 a.m. Eastern, with a 24-hour market cap reaching $179 billion and trading volume standing at $4.65 billion. The digital asset’s intraday price range spanned from $2.94 to $3.034, reflecting a stable yet potentially pivotal moment for near-term price action. XRP The one-hour […]

It’s not a debate anymore: US companies and consumers are paying for US tariffs! Recently, Piper Sandler shared an excellent piece of research that shed light on a key macro question: who is paying for US tariffs so far? The US has been collecting tariffs at an increased pace over the last few weeks, with the annualized pace looking like $400bn+ in duties collected. That’s a big number, which is helping to optically reduce deficits, but the real question is: who is paying for tariffs? The simple equation to think about this problem is: Tariffs = US import prices +…

Service Sector Weakness Bolsters Dovish Case A key driver of the weaker PPI was a 0.2% decline in services prices, with trade services down 1.7%. Notably, margins for machinery and vehicle wholesaling fell 3.9%. These sectors are closely monitored by the Fed for insights into broader pricing pressures and monetary policy impacts. Goods prices inched up just 0.1%, held down by a 0.4% decline in energy costs. Food prices were marginally higher, rising 0.1%, while core goods excluding food and energy saw a 0.3% increase. Even with these modest gains, overall price pressures appeared subdued. Tariffs and Labor Concerns Enter…

Novo Nordisk, the Danish pharmaceutical titan behind Ozempic, revealed today a sweeping global restructuring plan to cut roughly 11% of its total workforce, as rival weight-loss drugs flood the market. Novo Nordisk faces increasing competition from Eli Lilly, the U.S. firm behind Mounjaro, and a new wave of cheaper, compounded alternatives. By cutting around 9,000 positions — more than half of which are based in Denmark — the company anticipates annualized savings of roughly $1.25 billion by the end of 2026, with the funds earmarked for reinvestment in its diabetes and obesity therapy areas. “Our markets are evolving, particularly in…

Indian regulators are reportedly holding back from introducing comprehensive crypto rules over concerns that regulation could legitimize digital assets and create systemic risks.According to a Wednesday Reuters report citing documents the outlet’s reporters viewed, the Reserve Bank of India (RBI) maintains the view that containing the risks posed by cryptocurrencies through regulation would be challenging.The document reportedly states that regulating cryptocurrencies would legitimize them and “cause the sector to become systemic.” An outright ban on cryptocurrencies, the document continued, would address the alarming risks of speculative crypto assets but could not tackle peer-to-peer transfers or trades on decentralised exchanges.Currently, India…

Renaissance Investment Management, an investment management company, released its Q2 2025 “Large Cap Growth Strategy” investor letter. A copy of the letter can be downloaded here. The stock market experienced significant volatility in the second quarter, and yet, the S&P 500 posted an all-time high by the end of June. The liberation day tariff announcement set off havoc in the market, causing stock prices to drop 7% from April 2 to April 7. However, the market rebounded and gained more than 22% from the April 7 low through the end of June. The Russell 1000 Growth returned 17.8% and the…