Author: Anthony M. Orbison

Data gathered by CoinGecko reveals that Ethereum and TRON dominate the stablecoin market, holding a combined $144.4 billion, or 83.9%, of all stablecoins. Blockchain networks Ethereum and TRON continue to dominate the stablecoin market, holding a combined share of nearly 84%, valued at $144.4 billion as of September. According to estimates from crypto price aggregator CoinGecko, Ethereum leads with $84.6 billion, or 49.1% of the total stablecoin supply, while TRON follows closely with $59.8 billion, accounting for 34.8% of the market. Total market cap of stablecoins by blockchain | Source: CoinGecko Despite Ethereum’s stablecoin supply increasing by $17.2 billion in…

Some of the biggest drivers of the ongoing market rally that began early last year are the advances in artificial intelligence (AI). These next-generation algorithms and the semiconductors that power them could spark a wave of increased productivity.The potential to profit from these advances has fueled rapid adoption of AI, which has sent purchases of semiconductors soaring. However, the chip industry could be among the first to feel the impact of the just-announced dockworkers’ strike.With that as a backdrop, AI chip specialist Nvidia (NASDAQ: NVDA) slumped 3.9%, memory and storage chipmaker Micron Technology (NASDAQ: MU) tumbled 3.9%, semiconductor specialist Broadcom…

By Ben Klayman, David Shepardson DETROIT/WASHINGTON (Reuters) -European automakers are the most likely to be affected by the dockworkers strike at U.S. East Coast and Gulf Coast ports because they rely heavily on those locations, but a longer walkout could prove “debilitating” to the entire sector, industry officials and analysts said. The dockworkers began their first large-scale stoppage in nearly 50 years early on Tuesday, halting the flow of about half the nation’s ocean shipping. The International Longshoremen’s Association union representing 45,000 port workers had been negotiating with the United States Maritime Alliance (USMX) employer group for a new six-year…

The Ethereum network is preparing for the launch of its next hard fork upgrade, “Pectra.” On Thursday, the Ethereum development team revealed that it plans to split the Pectra upgrade in two. According to developers, Pectra was becoming too ambitious to ship all at once, and splitting the upgrade reduces the risk of bugs in the new system.The developers decided that eight Ethereum improvement proposals (EIPs) would be included in the first package. The first package will include EIP-7702, aimed at improving the user experience of wallets. The second package is up to be changed over the next few months,…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.US business groups warned of economic “paralysis” just five weeks before the presidential election as tens of thousands of dockworkers went on strike on Tuesday, shutting ports along the east and Gulf coasts.Dockworkers represented by the International Longshoremen’s Association walked out of major US ports for the first time in almost five decades after their employment contract expired at midnight. Negotiations for a new contract, which covers about 25,000 ILA workers, have been at an “impasse” for months over pay and automation,…

Although every state in the U.S. has its own minimum wage laws for before and after tips, the Fair Labor Standards Act (FLSA) stipulates that the federal minimum wage for employees who receive tips for their work must be $2.13 per hour. Additionally, that minimum wage combined with tips should amount to the federal minimum wage of $7.25 per hour unless the state requires otherwise. Related: Denny’s hops on the ex-exec trend after ‘Grand Slam’ failureHowever, waitstaff often fall into a grey area as they often do work outside of what most people typically associate with serving. According to the Dual Jobs Rule Definition…

The Ethereum-based restaking protocol EigenLayer has launched its native token, EIGEN, which is now actively trading on various exchanges.Unlike other tokens, EIGEN is positioned as a “Universal Intersubjective Work Token” that addresses challenges related to “universality, isolation, metering, and compensation.”EIGEN has a total supply of 1.67 billion tokens, with around 186 million currently in circulation, and has been listed on major exchanges like Binance. The token initially surged to $4.44 following its trading debut before dropping slightly to $3.90 as of press time.At current prices, the token has a fully diluted valuation of $6.5 billion.EigenLayer is a prominent restaking platform…

Forging an unlikely friendship between shark and dog, Mark Cuban recently praised canines as catching on faster than Silicon Valley’s latest darling. Tech’s most recent puppy, generative AI, has some house training to do, according to the billionaire investor. “I think smart puppies are smarter than AI is today or in the near future,” Cuban said in a Wired interview to assumedly wagging tails.  Cuban asked the interviewer, Lauren Goode, if she’d trust a seeing-eye dog or a self-driving car more to take her three blocks on the condition that she was blind. It’s perhaps one of the lesser-known hypothetical…

By Nathan Gomes (Reuters) -Top U.S. automakers reported a fall in their third-quarter sales on Tuesday, hurt by fewer selling days and weaker consumer spending amid inflationary challenges and higher interest rates. Carmakers have relied on crossovers and pickup trucks for years to drive the bulk of their sales, but that growth is starting to sputter as customers work with tighter budgets because of economic uncertainties. General Motors (NYSE:) reported a 2.2% fall in quarterly sales, as demand for some of its big pickup trucks such as its best-selling Silverado weakened. Crosstown rival Ford (NYSE:) is expected to post weaker…

Este artículo también está disponible en español. The Bitcoin mid-September rally has slowed down leading up to the end of the month. Although it ended September at a green monthly candle close, the cryptocurrency has fallen below the psychological $65,000 price mark again, with the fear and greed index returning from greed to neutral sentiment. This seems to have caused some second-guessing among Bitcoin investors. However, CryptoQuant CEO Ki Young Ju is not entertaining any such thought. According to Ki Young Ju, Bitcoin is still in the middle of a bull cycle. This is positive news for Bitcoin investors, as…