A person familiar with the matter said that cryptocurrency options exchange Deribit is still in talks with Kraken about a potential acquisition, contrary to previous reports that the U.S. exchange has dropped a potential deal to acquire Deribit. Recent reports also confirmed that the crypto options platform is working with FT Partners to evaluate a takeover offer, but Deribit CEO Luuk Strijers ruled out a takeover. According to Bloomberg, the company could be valued at $4 billion to $5 billion o...
The IRS will cut about 6,700 jobs on Thursday, a person familiar with the matter said, in a restructuring that could strain the agency during the critical tax season. The cuts are all probation period employees who typically work at the agency for a year or two and enjoy fewer job protections than permanent employees. The IRS has about 17,000 probation period employees.
According to a person familiar with the matter, the Biden administration plans to add Bitmain-linked artificial intelligence company Sophgo to the U.S. Commerce Department's restricted trade list because the company's TSMC-made chips were illegally incorporated into Huawei's artificial intelligence processors.
According to Onchain Lens, in the past two days, a giant whale named "chartrapist.eth" has spent 6.20 million USDC to buy 13.95 million DOGE through two different wallets. Currently, the value of these tokens is $4.43 million, and the giant whale faces a loss of $1.76 million.
Blockchain data firm Arkham Intelligence Inc. plans to launch a crypto derivatives exchange next month, backed by investors such as OpenAl founder Sam Altman, according to a person familiar with the matter. The startup is moving its operations from London and New York to Punta Cana in the Dominican Republic, where the new exchange is expected to be located, the person said, speaking on condition of anonymity.
CZ posted on the X platform that it will participate in Binance Blockchain Week in Dubai on October 30-31 as an individual, which is reported to be one of the largest Web3 events of the year.