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Bitwise cuts 14% of staff while still expecting growth

Crypto companies from including Coinbase, BitGo, Robinhood, Polygon and Pump.fun have announced workforce reductions this year, citing a variety of reasons, including shifting to AI and market forces.

Wintermute plans $1 billion AI push beyond crypto: Bloomberg

Crypto market maker Wintermute plans to invest about $1 billion in high-frequency trading and artificial intelligence data-center infrastructure over five years as it expands into stocks, commodities and foreign exchang…

U.S. CPI Comes In at 3.4%, Matching Forecast

U.S. inflation eased in July, with consumer prices rising 3.4% year over year, matching the 3.4% forecast and slowing from 3.5% previously. Consumer prices rose 0.1% month over month, also in line with expectations. Cor…