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What to Know: Pave Bank raised $39M in its Series A funding, bringing its total amount raised to $45M. The bank offers traditional banking services as well as digital asset-management solutions. This latest funding round is a strong signal that the line between traditional banking and blockchain technology is increasingly blurring. On the consumer side, Best Wallet Token is pumping with its own crypto wallet. Singapore-based Pave Bank recently raised $39M in its Series A funding round led by Accel, a venture capital firm. The bank, which brings together traditional and programmable banking solutions, is the latest in a string…

The US energy secretary has urged the Federal Energy Regulatory Commission (FERC) to write new rules enabling big electricity consumers, such as AI data centers and Bitcoin mining operations, to connect directly and quickly to the power grid.In a letter released on Thursday, US Energy Secretary Chris Wright asked the FERC, the independent agency that regulates the interstate electricity grid, to grant expedited reviews and create standardized procedures for large electricity users to hook directly into the high-voltage transmission system. The high-voltage transmission system has a bigger capacity than local grids and typically large industrial facilities that consume power at…

After the recent major AWS outage, experts weigh the risks of centralized clouds and the role of decentralized alternatives.Amazon Web Services’ (AWS) latest outage on Oct. 20 has sparked debate over decentralized alternatives and hybrid strategies for resilience. The outage lasted several hours and disrupted major websites and apps, including Robinhood. Experts say it highlights the fragility of today’s internet, where a few centralized cloud providers dominate. AWS holds 30% of the global cloud market, ahead of Microsoft Azure at 21% and Google Cloud at 12%, giving the three more than 60% of total cloud share, per Statista. “The vast…

In brief President Trump granted a full pardon to Binance founder Changpeng “CZ” Zhao, who served four months for violating U.S. anti-money-laundering laws. Top Democrats, including Maxine Waters and Elizabeth Warren, condemned the move as “pay-to-play corruption” tied to Trump’s crypto ventures. Trump said he pardoned Zhao “at the request of a lot of very good people.” President Donald Trump pardoned Binance founder Changpeng Zhao on Thursday, triggering backlash from Democrats who accuse the administration of rewarding criminal behavior amid a government shutdown, in exchange for billions allegedly funneled into Trump’s personal crypto ventures.”Trump’s pardon of Binance founder Changpeng Zhao—who…

Dubai, United Arab Emirates, October 23rd, 2025, ChainwireROBA, The People’s Robotics Platform, today announced the first publicly available version of its open, interoperable robotics ecosystem, positioning itself as “The Hugging Face of Robotics”. ROBA is launching to redefine the robotics industry, which is projected to hit $218 billion by 2030, by empowering creators and eliminating proprietary stacks.The current robotics landscape is fractured, closed, and forces every new idea to start from scratch, leading to frustration instead of innovation. ROBA delivers a solution that simplifies the workflow through no-code enablement, eliminating the need for the 10+ fragmented platforms previously required to…

In my quest to find the best solution for Cake Wallet to offer user-friendly, non-custodial Lightning to our users, I’ve gone deep down the rabbit hole of both Spark and Ark. Both are quite novel approaches to Bitcoin layer two networks, and are designed at their core to be interoperable with the broader Bitcoin network for payments via the Lightning Network. While both can be used “just” for Lightning payments, both networks are positioned to rapidly expand and be used for far more than that over the coming months and years. One thing to keep in mind is that while…

Artificial Intelligence (AI) and High Performance Computer (HPC) mining stocks are rallying pre-market following news of the largest AI infrastructure financing on record, according to Bloomberg. Cipher Mining (CIFR) and IREN (IREN) are both up 7%, while Bitfarms (BITF) has jumped 12%, as investors rotate back into AI-exposed assets after a recent correction. The rebound comes as banks prepare a $38 billion debt sale to fund two major data centers tied to Oracle Corp (ORCL), in what would be the biggest financing ever for AI infrastructure.The debt is split into two senior secured credit facilities: $23.25 billion for a Texas…

Data from Lookonchain shows an early bitcoin BTC$111,386.19 miner wallet holding 4,000 BTC (around $442 million) has become active for the first time in 14 years. The wallet, identified as 18eY9o, transferred 150 BTC (roughly $16.6 million) after years of dormancy. These coins were originally mined in 2009 and consolidated into the wallet in 2011. The movement may signal a rotation, potential selling, or simply a testing activity. A major narrative this year has centered on sell pressure from early “OG” holders, who have started moving or selling their bitcoin after it reached the symbolic $100,000 milestone.Onchain data shows significant…

United States Representative Maxine Waters strongly criticized US President Donald Trump for his decision to pardon Binance founder and former CEO Changpeng “CZ” Zhao.Trump pardoned Zhao on Thursday, saying people told him “what he did is not even a crime.” Waters, the top Democrat on the House Committee on Financial Services, hit back later Thursday, claiming in a statement that “Trump is doing massive favors for crypto criminals who have helped line his pockets.”“Trump’s pardon of Binance founder Changpeng Zhao—who pleaded guilty to enabling money laundering and facilitating suspicious transactions with child abusers, drug dealers, and terrorists—is an appalling but…

Key points:Bitcoin is on track for one of its worst October performances since 2013.Previous bull market years offered a minimum of 40% gains.The Federal Reserve may offer a last-minute reprieve at next week’s meeting.Bitcoin (BTC) “Uptober” hangs in the balance as price threatens to print the first “red” October since 2018.Data from monitoring resource CoinGlass shows that at current prices, BTC/USD is 2.3% below its monthly starting level.Bearish October hinges on 4% BTC price lossOctober 2025 has disappointed Bitcoin bulls so far, as an early surge to new all-time highs quickly turned into a liquidation nightmare.Now acting in a narrow…