Stake

DoubleZero Launches $537M SOL Stake Pool to Turbocharge Solana Validator Network

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DoubleZero, the decentralized protocol built to accelerate blockchain performance, has unveiled a new 3 million SOL stake pool, worth about $537 million in current prices, under the ticker DZSOL. The initiative is intended to broaden access to its low‑latency fiber backbone specifically for Solana validators, which would in turn enhance network decentralization. DoubleZero’s architecture stitches together private … Read more

Sony Acquires 2.5 Percent Stake in Elden Ring Publisher Bandai Namco

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Sony and Bandai Namco have signed a strategic agreement that will see the PlayStation parent acquire a 2.5 percent stake in the Elden Ring publisher, the two companies announced Thursday. Sony will pay approximately JPY 68 billion (roughly Rs. 4,010 crore) to buy 16 million Bandai Namco shares. The partnership between the two Japanese companies … Read more

WazirX Hit With Security Breach With $234.9 Million Said to Be at Stake; Withdrawals, Deposits Halted

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WazirX crypto exchange confirmed Thursday that one of its multi-signature wallets had suffered a security breach. The Indian exchange was first informed about a possible breach by security firm Cyvers Alerts through a post on X. Cyvers, in its post, noted that a sum of $234.9 million (roughly Rs. 1,965 crore) was suspiciously moved from … Read more

Tokenization Firm CEO Buys Majority Stake in ‘Shady’ Liquor Company With Bitcoin (BTC) Strategy

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Robert Leshner, CEO and co-founder of tokenization firm Superstate, said he bought a majority stake in publicly listed e-commerce liquor retailer LQR House (YHC), planning to overhaul the embattled company. Leshner purchased a 56.9% controlling stake in the firm for $2.03 million, according to a document filed to the SEC. The move sent shares of … Read more

Tata Electronics Acquires 60 Percent Stake in iPhone Maker Pegatron Technology India

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Tata Electronics Pvt Ltd (TEPL) on Friday announced the acquisition of a controlling 60 per cent stake in Taiwanese contract manufacturer Pegatron’s India unit, cementing its position as a key player in the Indian electronics manufacturing sector. The financial details of the transactions were not disclosed. Pegatron India is a subsidiary of Taiwanese Pegatron Corporation, … Read more

Binance Sells Minority Stake to Abu Dhabi’s MGX Sovereign Wealth Fund for $2 Billion

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Binance has sold off a minority stake to Abu Dhabi-based MGX for $2 billion (roughly Rs. 17,403 crore). MGX is a sovereign wealth management fund led by Sheikh Tahnoon bin Zayed Al Nahyan of the Abu Dhabi royal family. With a focus on advanced tech investments, MGX has funded a bunch of promising AI projects … Read more

Trump-Backed USD1 Stablecoin Chosen to Back MGX’s $2 Billion Binance Stake Deal: Report

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The USD1 stablecoin, backed by US President Donald Trump, has been picked as the mode of payment for MGX’s purchase of a minority stake in Binance. The development was reportedly announced by Trump’s 41-year-old son, Eric, at the ongoing Token2049 event in Dubai. Addressing the attendees on Thursday, May 1, Trump claimed that the USD1 … Read more

Ethereum Pectra Upgrade Goes Live, Maximum Stake Limit Expanded to 2,048 ETH

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The Ethereum blockchain completed its latest Pectra upgrade on May 7. The aim of introducing this upgrade is to upscale the experience and reward generation for Ethereum validators. Now that the Pectra upgrade is live, network validators can stake 2,048 ETH tokens, a notable rise from the previous limit of 32 ETH tokens. This allows … Read more