The Ethereum Foundation, the organization that oversees the development of the second-largest blockchain by market capitalization, is allocating 50,000 ether (ETH) worth around $165.3 million at the time of writing to participate in the decentralized finance (DeFi) ecosystem. The move will see the Foundation set up a 3-of-5 multisig wallet through Safe, which the organization...

KEY TAKEAWAYS Apple's global smartphone market share slipped one percentage point to 18% last year, according to Counterpoint Research. A spokesperson at the research firm confirmed that iPhone fourth-quarter sales globally fell 5% year-over-year. Apple sold 2% fewer smartphones globally in 2024 than the prior year as the iPhone 16 series "was met with a...

Capital spending has boomed at cloud computing giants. Google earnings are due Oct. 29. Microsoft and Meta report on Oct. 30. Amazon follows on Oct. 31.