Aave Labs says it is sunsetting its “umbrella brand” Avara in the company’s latest move to refocus on decentralized finance and simplify its branding. Aave founder and CEO Stani Kulechov posted to X on Tuesday that Avara, a company encompassing projects including the Family crypto wallet and previously the social media platform Lens, “is no … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. UBS reported fourth-quarter net profit rose 56 per cent year on year to $1.2bn, boosted by strong client activity and cost savings from its Credit Suisse takeover. The performance at Switzerland’s biggest bank beat analyst … Read more
Lisa Rinna was uncovered on The Traitors after her fellow co-stars voted her out of the game, confirming she was a traitor. After having heat on her for a couple of episodes as The Bachelor’s Colton Underwood painted a target on her, Rinna was eliminated from the show, but didn’t put up a big fight to stay … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Tether’s chief executive has downplayed the amount of money it will raise in a new funding round as the world’s largest stablecoin issuer faces investor pushback over its $500bn valuation target. The crypto group, registered in … Read more
Whoopi Goldberg took shots at Elon Musk after the Tesla owner criticized Lupita Nyong’o’s possible character in Christopher Nolan’s The Odyssey. The EGOT actor defended Nyong’o after Musk said Nolan had “lost his integrity” over unconfirmed rumors the Oscar winner would play Helen of Troy in the new epic. “Ooh, you know, because Homer described … Read more
Crypto.com has spun out its prediction markets business, first launched in 2024, into a standalone platform called OG, competing with the likes of Polymarket and Kalshi. OG is powered by Crypto.com Derivatives North America (CDNA), a Commodity Futures Trading Commission-registered exchange and clearinghouse and affiliate of Crypto.com. OG said on Tuesday that it is only … Read more
Two leading prediction market platforms, Polymarket and Kalshi, have both turned to giving away groceries amid a fight for dominance in the fast-growing prediction markets space. Kalshi offered a $50 grocery giveaway to over 1,000 people in Manhattan on Tuesday, while competitor Polymarket announced plans to open a free grocery store starting next week. Thousands … Read more
Almost eight years after retiring from professional boxing, Floyd Mayweather Jr. is climbing into the legal right today to take on Paramount-owned Showtime over “hundreds of millions of dollars in the misappropriated funds and damages resulting from a long-running and elaborate scheme of financial fraud.” Estimated to have close to a billion bucks over his … Read more
Unlock the White House Watch newsletter for free Your guide to what Trump’s second term means for Washington, business and the world If confirmed as chair of the Federal Reserve, is Kevin Warsh going to be an inflation hawk or Donald Trump’s poodle? His repeated statements on monetary policy and the broader obligations of the … Read more
A key character on HBO’s “The Last of Us” will look a little different when the series returns for Season 3. Following a previous announcement that Danny Ramirez would not be returning as Manny, the role has been recast with Jorge Lendeborg Jr. (“Wu-Tang: An American Saga”), Deadline reports. Ramirez reportedly exited the show due to … Read more