Business — Page 215

IREN is pivoting from Bitcoin mining to AI cloud infrastructure backed by major deals with Nvidia and Microsoft while targeting $3.7 billion in annual revenue.

Michael Saylor has once again fueled speculation of a new Bitcoin acquisition after posting the well-known “orange-dot” Bitcoin accumulation chart on May 17. The Strategy executive shared the chart with the caption “B…

Harvard University significantly reduced its exposure to BlackRock’s spot Bitcoin ETF during the first quarter of 2026, while Abu Dhabi sovereign wealth fund Mubadala increased its investment, according to newly relea…

IREN raised up to $3 billion to shift from Bitcoin mining to AI data center infrastructure, backed by major deals with Nvidia and Microsoft.

Grayscale Investments has taken another major step toward launching a spot BNB ETF in the United States by submitting a second amended S-1 registration statement to the U.S. Securities and Exchange Commission (SEC). T…

KRWQ and EDX said reported $210,000 trading volume reflects DeFi activity, confirming institutional trading on EDX has not yet launched.

Hana Bank has agreed to acquire a major stake in Dunamu, the parent company of South Korea’s largest cryptocurrency exchange, Upbit, in a deal valued at nearly 1 trillion won ($670 million). According to regulatory fi…

Tether is facing growing legal pressure after a group of terrorism victims and their families filed a lawsuit in Manhattan federal court seeking control of more than $344 million in frozen USDT. The legal action targe…

Global cryptocurrency exchange OKX is reportedly preparing to expand its presence in South Korea through a strategic investment in Coinone, one of the country’s leading digital asset trading platforms. According to a …

Decentralized finance platforms are increasingly turning to Chainlink’s Cross-Chain Interoperability Protocol (CCIP) after security concerns surrounding competing bridge technology intensified following a major crypto…

CME Group and Intercontinental Exchange (ICE), the parent company of the New York Stock Exchange, are reportedly urging U.S. regulators to take a closer look at decentralized crypto exchange Hyperliquid due to concern…

Payward, the parent company of cryptocurrency exchange Kraken, is reportedly laying off around 150 employees as part of a broader organizational optimization strategy ahead of its anticipated initial public offering (…

First Digital CEO Vincent Chok outlined a strategy to expand FDUSD into AI-driven financial infrastructure, positioning stablecoins as core payment rails for autonomous agents and tokenized assets.

Strategy’s Series A Perpetual Stretch Preferred Stock (STRC) achieved a new milestone on Thursday after recording an all-time high daily trading volume of $1.53 billion. The surge surpassed the company’s previous reco…

Messari reports edgeX is nearing Hyperliquid in execution quality while offering lower trading costs and तेजी expanding into commodity perpetuals to drive non-crypto adoption.

Gemini Space Station (Nasdaq: GEMI) saw its stock climb nearly 15% in after-hours trading Thursday, reaching $6.05 after the crypto exchange posted strong first-quarter 2026 earnings and secured a major $100 million i…

IREN secured $3 billion through convertible notes to fund AI data centers and GPU cloud expansion tied to its Nvidia partnership.

A new book by Jae-hyun Park and Ji-su Park argues stablecoins are emerging as core financial infrastructure as payment volumes surpass Visa and Mastercard, reshaping global finance and policy debates.

Ethereum software company Consensys, led by co-founder Joe Lubin, has reportedly postponed its potential U.S. initial public offering (IPO) until at least fall 2026 due to unfavorable market conditions. Sources famili…

Lotte Chilsung Beverage launches a ChatGPT-based shopping app for Chilsung Mall, aiming to drive sales through conversational AI and personalized product discovery.

MARA Holdings (NASDAQ: MARA) saw its stock price tumble nearly 5% during intraday trading on May 12 after the Bitcoin mining company reported disappointing first-quarter 2026 earnings and revealed a massive Bitcoin sa…

Payward, the parent company of crypto exchange Kraken, has partnered with global asset manager Franklin Templeton to accelerate the adoption of tokenized financial products across blockchain-focused markets. The strat…

JPMorgan Chase is preparing to launch a new tokenized money market fund, highlighting the growing push by major financial institutions to bring traditional financial products onto blockchain networks. According to a r…

Stellantis’ Jeep and Marvel launched a co-marketing campaign featuring a Captain America-themed 2026 Wrangler to align brand storytelling with the upcoming U.S. 250th anniversary.

Yukon Metals reported promising Birch drill results and secured a nearby copper-gold property, strengthening its push to build a district-scale exploration play in Canada’s Yukon.

Ondo Finance executed a tokenized U.S. Treasury redemption on XRPL with participation from Ripple, JPMorgan, and Mastercard, highlighting the network’s growing role in institutional RWA infrastructure.

Ripple said institutions are moving beyond crypto speculation toward custody and payments, with APAC sales head Eun-jin Lee highlighting growing demand for compliant blockchain infrastructure.

South Korea’s financial institutions and Web3 firms convened at a Seoul forum to advance practical adoption of stablecoins, custody, and onchain infrastructure within regulated finance.

First Digital CEO Vincent Chok said stablecoins will underpin a projected $3 trillion to $5 trillion AI-driven agent economy, highlighting their role in enabling autonomous global payments.

SharpLink Gaming revealed its FY26 first-quarter earnings on May 11, showing a significant rise in losses as the company continued expanding its Ethereum treasury strategy. Despite reporting more than $2 billion worth…

Keith Gill, better known online as Roaring Kitty, shocked the crypto and stock trading communities after his verified X account posted a Solana Pump.fun contract address following 16 months of inactivity. The unexpect…

21Shares is set to launch its spot Hyperliquid ETF, trading under the ticker THYP, on Nasdaq on May 12, offering investors regulated exposure to Hyperliquid’s native HYPE token through traditional brokerage accounts. …

DeepSeek-R1, the flagship reasoning model developed by Chinese AI lab DeepSeek, is facing scrutiny after new benchmark data revealed a significantly higher hallucination rate than its predecessor. According to Vectara…

Strategy’s perpetual preferred stock STRC has returned to its $100 par value, giving the company more room to raise capital for additional Bitcoin acquisitions. The latest development highlights Strategy’s ongoing com…

French Bitcoin treasury company Capital B has secured €15.2 million ($17.8 million) through a private placement aimed at increasing its Bitcoin reserves. The fundraising round attracted notable investors, including Ne…

IREN announced plans to raise up to $2.3 billion via convertible notes, sending shares lower despite a recent $3.4 billion AI cloud deal with NVIDIA.

21Shares launches the Canton Network ETF (TCAN) to give U.S. investors regulated exposure to Canton Coin as institutional blockchain adoption expands, according to Kaiko Research.

Digital Asset is reportedly seeking $300 million funding led by a16z at a $2 billion valuation, signaling continued institutional demand for tokenized financial infrastructure.

Strategy’s perpetual preferred stock, STRC, returned to its $100 par value during Friday’s trading session, potentially opening the door for the company to raise additional capital for future Bitcoin purchases. The re…

Circle faces investor uncertainty ahead of May 11 earnings as regulatory risks to stablecoin revenue collide with continued institutional accumulation and rebound expectations.