MGX, a fund backed by Dubai’s ruling family, will take a 15% stake in TikTok’s U.S. business as part of a restructuring meant to increase American control of the popular video app, the Washington Post reported Friday. The investment, led by Sheikh Tahnoon bin Zayed Al Nahyan, brings MGX into a partnership with Oracle, the … Read more
The artificial intelligence and high performance computing sector continues to boom, with Google set to acquire warrants to buy roughly 24 million shares of Cipher Mining (CIFR), equal to about 5.4% equity ownership, as part of a 10-year AI hosting deal with Fluidstack. The agreement underscores Google’s deeper push into AI infrastructure while boosting Cipher’s … Read more
BNB, the token that powers the BNB Chain and can be used for fee discounts on leading exchange Binance, has crossed $1,000 for the first time ever amid a wider crypto market rise. The token jumped 4.5% over the last 24-hour period, climbing from $956.80 to a $1,004 all-time high and pushing its market cap … Read more
The price of BNB rose nearly 3% over the last 24 hours after Bloomberg reported that Binance is moving toward a potential deal that would end a a key compliance requirement from the exchange’s 2023 settlement with the U.S. Department of Justice. BNB, which offers discounted trading fees on the exchange, was recently trading near … Read more
CoreWeave (CRWV) were higher by about 5% in early U.S. trading Monday after the cloud computing company entered into a $6.3 billion deal with Nvidia (NVDA) to guarantee use of its excess server capacity, according to a filing with the Securities and Exchange Commission. Under the agreement, Nvidia will buy any unused computing resources from … Read more
Nasdaq-listed Forward Industries (FORD) said Thursday it has closed the $1.65 billion private investment in public equity (PIPE) deal to build out corporate crypto treasury centered on Solana SOL$224.97. The cash and stablecoin commitments, led by Galaxy Digital, Jump Crypto and Multicoin Capital, will fund the company’s plan to anchor its balance sheet in Solana’s … Read more
Nebius Group (NBIS) shares soared 47% in pre-market trading after the company said it signed an agreement to supply Microsoft (MSFT) with graphic processing units (GPUs) in a deal Reuters valued at $17.4 billion over five years. The contract is worth more than the Amsterdam-based company’s entire market capitalization, currently $15.29 billion. According to Reuters, … Read more
Worldcoin’s WLD tokens surged 25% in the past hours to extend weekly gains to nearly 50%, with growth across wallet metrics and users and a new engineering partner for the network’s anonymized multi-party computation system. The University of Engineering and Technology in Peru (UTEC) has joined Worldcoin’s AMPC framework, becoming the latest academic operator alongside … Read more
CoinShares, one of Europe’s largest digital asset managers, is heading to Wall Street. The company announced Monday that it will go public in the United States through a $1.2 billion merger with Vine Hill Capital Investment Corp (VCIC)., a Nasdaq-listed SPAC. The deal shifts CoinShares’ listing from Stockholm to New York, opening access to U.S. … Read more
Trump Media and Technology Group (DJT), the parent of Truth Social linked to U.S. President Donal Trump, closed a purchase agreement with crypto exchange Crypto.com that gives it 684.4 million Cronos CRO$0.2658 tokens. The $105 million transaction, split between cash and stock, amounts to about 2% of the circulating supply of the token, the firms … Read more