admin 
CHARLOTTE, N.C. (AP) — The two teams suing NASCAR over an antitrust complaint were granted a preliminary injunction Wednesday that allowed them to compete as chartered teams in the 2025 season. 23XI Racing, the team owned by NBA Hall of Famer Michael Jordan and three-time Daytona 500 winner Denny Hamlin, and Front Row Motorsports refused … Read more
The U.S. Federal Reserve lowered its benchmark fed funds rate by 25 basis points to the 4.25%- 4.50% range, its third consecutive easing move this year and now marking a total of 100 basis points of rate cuts since September. Market participants had fully expected Wednesday’s move by the central bank, but recent data had … Read more
Welcome to The Protocol, CoinDesk’s weekly wrap-up of the most important stories in cryptocurrency tech development. I’m Marc Hochstein, CoinDesk’s deputy editor-in-chief for features, opinion and standards. In this issue: Solana was the biggest draw for new crypto developers in 2024 No wonder: Solana’s transaction volume is off the charts Coinbase alums take next step … Read more
Next year, SEC football will be hitting the small screen. The conference announced Wednesday that its teams will be featured in a Netflix docuseries, covering the 2024 season. The series, which includes eight 45-minute episodes, is currently in production and will release next summer. The series will reportedly only feature 10 of the SEC’s programs, … Read more
Banking giant Deutsche Bank is building out a layer-2 rollup network on Ethereum with Matter Labs’ ZKsync technology. Bloomberg reported the project Wednesday, and a representative for Matter Labs confirmed the story. The chain will be “a public and permissioned L2,” Omar Azhar, the head of business development at Matter Labs, told CoinDesk over Telegram. … Read more
Wall Street’s rate cut outlook is overly pessimistic. This week brings an important update for investors everywhere. The Federal Reserve will update its interest rate policy on Wednesday Dec. 18. The consensus expectation is for a 25 basis point cut, lowering the effective rate to 4.4% from the current level of 4.7%. The more important … Read more
Cleveland Browns head coach Kevin Stefanski made the team’s quarterback change official on Wednesday: Dorian Thompson-Robinson will start Sunday against the Cincinnati Bengals, and Jameis Winston will be on the bench as QB2. Stefanski announced the news during his media availability, saying he “wanted to give [Thompson-Robinson] an opportunity and give him an entire week … Read more
Image Credit: Getty Images Matt Gaetz might have his House Ethics Committee report released after all. Though it initially voted not to disclose the report, the House agreed in early December 2024 to release the investigation into the formal Florida congressman, according to CNN. Insiders told the outlet that Gaetz‘s report is expected to be … Read more
Plume, a blockchain network focused on real-world assets, raked in $20 million in fresh funds in a Series A fundraising round, the platform told CoinDesk on Wednesday. Investors participating in the round included Brevan Howard Digital, Haun Ventures, Galaxy Ventures, Lightspeed Faction, Superscrypt, Hashkey, Nomura’s crypto arm Laser Digital, A Capital, 280 Capital, SV Angel, … Read more
Solana’s network activity lit up on Tuesday as the Pudgy Penguins NFT project debuted its native token, PENGU, on the programmable blockchain. The layer 1 blockchain, considered a cheap alternative to Ethereum, registered a total transaction tally of 66.9 million, the highest since its inception in 2020, according to data source Artemis. To highlight how … Read more