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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.

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 +…

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…

Sonic price drops 4.4% to $0.303 as market downturn wipes out recent gains despite ecosystem momentum. Curve Finance crowns Sonic No.1 in stablecoin yields, outpacing Ethereum and Solana in yield rankings. GENIUS Act reshapes stablecoin landscape, setting clear rules for stablecoins and potentially accelerating Sonic’s adoption. Sonic price has dropped 4.4% in the last 24 hours to trade at $0.303 as of 7:13 a.m. EST on a 1.1% surge in trading volume to $96.1 million. S price saw positive momentum from ecosystem updates and partnerships, reaching a weekly high on September 9. However, a general market downturn erased these gains.…

A surprisingly weak August jobs report has locked in expectations for a Federal Reserve rate cut next week, shifting all market focus to this Thursday’s key inflation (CPI) report Consumer behavior is again in focus this week, with Kraft-Heinz announcing a major spinoff due to shifting preferences Key earnings from Kroger and Restoration Hardware set to reveal the strength of spending on both essentials and larger ticket items Labor Market Falters, Pushing Fed Rate Cut Probability to 100%Last week’s employment update seems likely to prompt a shift in the monetary policy. The August jobs report revealed a significant slowdown, with…