News

Goldman’s Solomon Sees Case for Half-Point Fed Rate Cut as Jobs Soften

(Bloomberg) -- Goldman Sachs Group Inc. Chief Executive Officer David Solomon said there’s still a chance that the Federal Reserve could opt for a bigger rate cut than expected because of emerging signs of weakness in the employment market.Most Read from BloombergHow Americans Voted Their Way Into a Housing CrisisAfter a Record Hot Summer, Pressure Grows for A/C MandatesFor Tenants, AI-Powered Screening Can Be a New Barrier to HousingChicago Halts Hiring as Deficit Tops $1 Billion Through 2025UC

Coinbase Wrapped Bitcoin Sparks Pushback from Justin Sun

Coinbase's launch of its wrapped Bitcoin product, cbBTC, has ignited a fierce debate within the industry, with Tron (TRON) founder Justin Sun lambasting the new offering, calling it a "dark day for BTC" and warning of significant risks to decentralized finance.  Speaking with Decrypt, however, a Coinbase spokesperson stood firm on the product's security and reliability. The cbBTC token is available on Ethereum and Coinbase's Base network and can be used in various DeFi platforms.  "cbBTC lacks P...

‘Hamster Kombat’ Will Give Out Billions of Tokens via Binance in Telegram Game Airdrop

Popular Telegram tap-to-earn game Hamster Kombat is set to launch its HMSTR token on The Open Network (TON) later this month alongside an airdrop to its many millions of players. On Thursday, the developers announced plans to drop billions of tokens to Binance customers, as well, through a Launchpool rewards campaign. The HMSTR token will have a total supply of 100 billion tokens, the anonymous Hamster Kombat team revealed Thursday as part of the announcement—and 3 billion of those tokens have b...