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Porsche abandons EV battery plans as European carmakers struggle to gain market share
Porsche abandons EV battery plans as European carmakers struggle to gain market share

Share link:In this post: Porsche will no longer produce high-performance EV batteries at its Cellforce unit. About 200 of nearly 300 Cellforce jobs will be cut as the unit focuses on research and development. European automakers are struggling to compete with Asia’s dominance in battery production.

Cryptopolitan·2025/08/25 20:40
Asia’s Financial Hub Race Accelerates Amid Stablecoin Expansion
Asia’s Financial Hub Race Accelerates Amid Stablecoin Expansion

Finance Minister Kato discussed Japan’s Web3 era financial reforms, crypto regulations, stablecoin adoption, tax measures, and public-private collaboration to strengthen global competitiveness and support innovation in the country’s evolving crypto ecosystem.

BeInCrypto·2025/08/25 20:10
Cardano announces comprehensive XRP integration
Cardano announces comprehensive XRP integration

CryptoValleyJournal·2025/08/25 19:30
Trump Fires Fed Governor Cook Over Mortgage Fraud Allegations
Trump Fires Fed Governor Cook Over Mortgage Fraud Allegations

President Trump fired Federal Reserve Governor Lisa Cook over mortgage fraud allegations, marking the first presidential dismissal of a Fed governor in the central bank's 111-year history.

BeInCrypto·2025/08/25 17:39
Flash
  • 10:17
    The 100% win-rate counterparty funding fees have earned over $8.35 million, possibly belonging to a hedging address.
    According to Jinse Finance, on-chain analyst Ai Aunt (@ai_9684xtpa) has monitored that the 100% win-rate counterparty address has increased its BTC short position to 1,209.36 BTC (approximately $139 million). Meanwhile, 10 minutes ago, a limit sell order for 22.05 BTC was placed in the $115,331 - $115,570 range. The take-profit point is set at $97,332 - $98,932. This address has held its position for several months and has already earned over $8.35 million in funding fees, suggesting it may be for hedging purposes.
  • 10:16
    Robinhood to Launch Futures Trading Service for UK Customers
    Jinse Finance reported, citing FinanceFeeds, that Robinhood has announced the launch of futures trading services for UK customers, allowing users to trade index, energy, metal, and forex futures directly through its app and desktop platform, Robinhood Legend. The service will offer access to over 40 CME Group futures products, with contract fees as low as $0.75 and free real-time market data. This move aims to break the tradition of futures trading being limited to institutional investors, providing retail traders with more convenient and low-cost access to the futures market. Jordan Sinclair, President of Robinhood UK, stated: "In the UK, futures trading has traditionally been seen as the exclusive domain of institutional investors. Today, we are beginning to change that."
  • 10:11
    Data: Since March this year, addresses that have consecutively shorted BTC four times have increased their BTC short positions to approximately $139 million.
    According to ChainCatcher, on-chain analysts have monitored that the address which has "shorted BTC for four consecutive times since March 2025" has increased its BTC short position to 1,209.36 BTC (approximately 139 millions USD). Meanwhile, 10 minutes ago, a limit sell order of 22.05 BTC was placed in the $115,331 - $115,570 range. The take-profit point for this address is set at the $97,332 - $98,932 range; however, since this address has held its position for several months and has already earned over 8.35 millions USD in funding fees, it may be hedging.
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