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NewsDesk
The wire: crypto and markets news from other outlets, newest first.
AI summaryStories from the outlets we follow, summarised by AI and linked to the original. A story whose AI summary is not ready is held for an editor; older items may still show the outlet’s own summary, quoted and labelled. Bullish, Bearish and Neutral are an AI reading of a story’s tone, not investment advice.6 publishers843 storiesWhere AI is used
Binance finance chief Kaiser Ng to leave after five years, Yi He says
Binance's chief financial officer, Kaiser Ng, is leaving the exchange after more than five years, co-CEO Yi He said. Justin Yek, formerly of Airwallex, will replace him.
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On the Wire
Stories from our sources, newest first, each credited to the publisher and linked to the original.
BitMine buys 17,362 ETH, reaching 4.9% of Ethereum supply
Tom Lee's BitMine Immersion Technologies added about $47m of Ethereum last week, taking its treasury to 6,001,302 ETH and closing in on its 5% supply target.
Ripple's RLUSD closes to within $248m of PayPal's PYUSD
RLUSD hit a record $2.49bn after adding $82.1m in a day, while PYUSD has shrunk 22% this year, narrowing the gap between the two stablecoins to about $248m.
Apollo's Torsten Slok warns AI agents could drain cheap bank deposits
Apollo chief economist Torsten Slok says AI assistants that sweep household cash into higher-yield accounts could slowly drain the cheap deposits banks rely on to fund loans.
Crypto market falls 1.5% as Bitcoin drops to $83,586
The total crypto market lost 1.5% in 24 hours to $2.87tn, with Bitcoin down 1.5% at $83,586 while the Nasdaq rose 0.5%, pointing to a crypto-specific driver.
Chainlink launches CCIP 2.0 with custom bridge security checks
Chainlink has released CCIP 2.0, letting firms add their own verifiers to cross-chain transfers. The upgrade comes five months after a $292m hack at a rival bridge that relied on a single verifier.
Shiba Inu exchange inflows hit 1.1 billion as price retests 200-day average
On-chain data shows average exchange inflows of about 1.10 billion SHIB in a day, arriving as the token slips back to its 200-day moving average after a rejection near $0.0000062.