Meta Profits Slump 23% as Metaverse Bet Continues to Cost the Company Billions
The tech giant saw a bump in advertising revenue from a year earlier, but its metaverse division continues to burn cash.
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
Why this matters
This cryptocurrency story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
Original source
Read on DecryptRelated market context
XRP News: RLUSD Settlement Comes to Cross River Fintechs
Big news for XRP as Cross River is integrating Ripple’s U.S.-dollar-backed RLUSD stablecoin on the XRP Ledger into its proprietary...
Strategy, Metaplanet Face Exit From MSCI Indexes as the Index Provider Adopts New Test
MSCI will stop handling crypto treasury companies under a separate set of rules. The index provider announced on Oct. 15 that it i...
Ripple Prime Opens 24/7 Swaps on Stocks, Metals and Currencies, With Virtu Already Trading
Ripple Prime, Ripple’s institutional prime brokerage, now lets clients hold positions on stocks, indices, commodities and currenci...
Vitalik Buterin breaks down Bitcoin mining costs versus AI inference
The analysis highlights the strategic shift in resource allocation, emphasizing efficiency and cost management as key factors for...
Bitcoin’s inflation hedge has a hidden cost, and leverage makes it worse
Borrowing costs, missed interest income, and futures fees can all eat into returns even when Bitcoin holds its value. That's a big...
OpenAI models hacked crypto wallet, breached websites: Ars Technica
OpenAI's security breach raises concerns over its protocols, impacting market confidence and potentially affecting future partners...