00:22 2025-04-02
Circle spends $210 million to acquire Coinbase's stake in Centre ConsortiumIn its initial public offering (IPO) prospectus filed on Tuesday, Circle said it acquired the remaining 50 per cent of Centre Consortium, the joint venture responsible for issuing the USDC stablecoin in which Coinbase and Circle were partners, for $210 million worth of shares in 2023.
Circle wrote in the "Significant Transactions" section of its IPO prospectus: "In August 2023, at the same time as we signed our partnership agreement, we acquired Centre Consortiu from Coinbase.
00:01 2025-04-02
GoMining Launches $100 million Bitcoin Mining Fund for Institutional InvestorsCrypto miner GoMining recently announced the launch of a $100 million bitcoin mining fund "Alpha Blocks Fund" for institutional investors. The fund, which is managed by digital asset custodian giant BitGo, will provide investors with mining income distribution through a compound computing power strategy and focus on the appreciation model of bitcoin reward reinvestment.
A GoMining spokesperson said: "Unlike passive equity investments, the Alpha Blocks fund uses fully managed, compound hash...
23:51 2025-04-01
The weekly blob fee of Ethereum reached 3.18 ETH, the lowest weekly level since 2025"Blob fees", the network's main source of revenue from the Layer2 extension chain, have fallen to their lowest weekly level this year. Etherscan pointed out in a post on the X platform that in the week ended March 30, Ethereum earned only 3.18 ETH (about $6,000 at April 1 prices) through blob fees. This figure is down 73% from the previous week, and has plummeted more than 95% from the peak of 84 ETH in the week of March 16.
23:18 2025-04-01
SEC and Winklevoss Gemini Trust to Discuss Litigation "Solutions"On April 2, the Securities Exchange Commission (SEC) told a New York federal court that it wants to "explore potential solutions" to settle its lawsuit against Gemini Trust, a crypto exchange owned by the Winklevoss twins. The SEC and Gemini Trust jointly requested a 60-day extension of the civil lawsuit on Tuesday. Gemini had agreed to pay $5 million to settle with the US Commodity Futures Trading Commission (CFTC) before Trump took office in January.
The SEC sued Gemini in 2023, accusing the e...
22:27 2025-04-01
US retail groups are urging Trump to drop tariffsBefore Trump announced the tariffs, the National Retail Leaders Association asked the administration to change its focus. The group said it strongly urged Trump to double down on the policies of his first term, such as the Tax Cuts and Jobs Act and the United States-Mexico-Canada Agreement (USMCA), which will reduce costs while delivering growth, while urging Trump to abandon policies that create uncertainty for American businesses and households. Michael Hanson, who leads the group's public aff...
22:05 2025-04-01
The probability that the Federal Reserve will keep interest rates unchanged in May is 91.8%.According to the CME "Fed Watch", the probability that the Fed will keep interest rates unchanged in May is 91.8%, and the probability of a 25 basis point cut is 8.2%. The probability that the Fed will keep interest rates unchanged in June is 21.2%, the probability of a cumulative 25 basis point cut is 72.5%, and the probability of a cumulative 50 basis point cut is 6.3%.