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Jan 28

Bitcoin L2’s Inheritance War: Origins, Turning Points, and CKB’s Slow-Paced Choice

Bitcoin L2 solutions are locked in an 'inheritance war' over who will extend Bitcoin's programmability while preserving its security. CKB's contrarian choice emphasizes slowness and security over speed, using PoW...

TREE NEWS Desk · Jan 28, 2024

Aug 25

GameFi’s 2022 Reckoning: On-Chain Data Reveals User Exodus, Token Collapse, and a Market Hunting for Sustainability

A 2022 GameFi industry report using on-chain data, financing trends, and token prices shows a sector in steep decline: play-to-earn user bases shrank sharply, game tokens collapsed, and public chains...

TREE NEWS Desk · Aug 25, 2022

Aug 5

Crypto-Friendly Banks Remain Scarce as Compliance Costs and Reputation Risks Deter Lenders

The number of banks serving cryptocurrency companies remains limited, with large institutions staying away due to high compliance costs and reputational risks. This scarcity creates challenges for crypto firms and...

TREE NEWS Desk · Aug 5, 2020

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Today

10:21

Estonia to close all border crossings with Russia from Dec 1

TREE NEWS update: Estonian Foreign Minister Margus Tsahkna announced on social media on Dec 1 that Estonia will close all of its border crossings with Russia starting Dec 1. The closure covers every crossing point between the two countries, he said. Tsahkna made the announcement in a post on social media on the 15th.

Macro

10:19

US Treasury Secretary Bessent: We are squeezing Iran’s economy, and it’s working

TREE NEWS update: US Treasury Secretary Scott Bessent said the United States is squeezing Iran’s economy and that the approach is working. Iran will face a difficult winter due to natural gas shortages, he said. No further details or figures were provided.

Macro

10:18

Bessent: Trump and I Believe Fed Chair Warsh Will Fulfill Dual Mandate

TREE NEWS update: US Treasury Secretary Scott Bessent said he and President Donald Trump both believe Federal Reserve Chair Kevin Warsh will fulfill the central bank’s dual mandate of achieving maximum employment and maintaining price stability. The statement affirms the administration’s confidence in the Fed leadership’s commitment to its statutory goals.

Macro

10:16

Bessent: US inflation expected to fall sharply next month

TREE NEWS update: US Treasury Secretary Scott Bessent said inflation is expected to drop sharply next month. The remark points to the Treasury chief’s expectation of a marked cooling in price pressures in the near term. No further details or specific data were provided in the statement.

Macro

10:07

Bessent: Nvidia should look outside for new CEO

TREE NEWS update: U.S. Treasury Secretary Scott Bessent said Nvidia should seek an outsider to serve as its new chief executive, calling for a “thorough overhaul” of the company’s leadership. The remark, made to Fox News, targets the chipmaker’s top management without naming a successor or specifying a timeline. Nvidia has not responded publicly to the comment.

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