24/7 Blockchain industry dynamics and breaking crypto news
A company's treasury holds 3 billion ENA tokens, representing 20% of total supply and valued over $250 million. The disclosure triggered a stock price surge exceeding 12%. The firm reported a Q2 net loss of $34.2M, largely due to ENA asset impairment.
Read MoreSK Group Chairman Choi Tae-won has appealed to South Korea's Supreme Court against a ruling ordering him to pay $3.4 billion to his ex-wife in a divorce settlement. The case, ongoing since 2017, marks one of the largest publicly disclosed divorce payouts in the country's corporate history.
Read MoreThrive Capital has invested $215 million in Amazon stock, aiming to gain exposure to the company's growth in AI shopping agents and enterprise cloud computing infrastructure. This move signals the firm's strategic pivot towards investing in large-cap tech companies as core AI assets.
Read MoreSaudi Arabia's Public Investment Fund disclosed its Q2 U.S. stock holdings in an SEC filing. SpaceX dominates with a $26.34 billion position, followed by major stakes in Electronic Arts, Uber, and Lucid. The portfolio highlights PIF's strategic focus on technology and future mobility sectors.
Read MoreDunamu, operator of Upbit, reported a significant decline in Q2 revenue and operating profit, largely attributed to shrinking liquidity and weakening investor sentiment in the global digital asset market.
Read MoreOpenAI's CFO is reportedly holding an investor meeting today. This comes at a pivotal time for the AI industry, with discussions likely to focus on the company's financial health, growth strategy, and future roadmap, drawing significant attention from the investment community.
Read MoreOn August 14, Broadcom's stock plunged over 5% intraday. The sharp decline coincided with news that Mubadala Investment Company, a UAE sovereign wealth fund, completely exited its stake in the chipmaker. This major divestment raises questions about institutional sentiment towards high-flying tech stocks and potential near-term pressure on the semiconductor sector.
Read MoreMicron Technology has unveiled a $250 million venture fund, the Paradigm Fund, its largest to date. It targets startups driving the next wave of AI infrastructure, spanning model architecture, compute, enterprise applications, and physical AI, aiming to shape the evolving technology stack.
Read MorePublicly traded Bitcoin mining companies have sold over 28,000 BTC since 2026 began, worth approximately $1.78 billion. This sustained selling pressure raises questions about miner finances, industry cycles, and potential impacts on the broader Bitcoin market.
Read MoreTrump and Musk now speak monthly about AI and elections, sources say, yet Trump privately admits their relationship is permanently altered. Despite efforts to mend ties, past public criticisms and political nuances leave a lasting divide between the two influential figures.
Read MoreJPMorgan's latest 13F filing reveals significant Q2 increases in BlackRock's Bitcoin and Ethereum ETFs, with Ethereum holdings surging over 300%. Analysts caution that positions may reflect client activity or inventory management, and the filing doesn't show short positions, making net exposure unclear. The bank also reduced stakes in several Bitcoin miners.
Read MoreUS consumer confidence declined for the first time in three months in August, reflecting heightened concerns over business conditions and inflation. Expectations for near-term inflation rose to 4.3%, while weak retail sales data further clouded the economic outlook.
Read MoreA non-custodial wallet in the Cosmos ecosystem will begin phasing out services from September 1, 2026. Users must back up private keys or seed phrases before the deadline to migrate assets to other compatible wallets. Funds remain secure on-chain, but app functionality will be severely limited.
Read MoreCoinbase will discontinue USDC deposit and withdrawal support on the Noble network effective August 17. Users will no longer be able to send or receive USDC via this network to their Coinbase accounts. Transactions attempted after the deadline may result in permanent loss of funds.
Read MoreBill Gates held talks with leaders of SK Group and HD Hyundai Group, focusing on small modular reactor collaboration to meet the surging electricity demands from AI data centers. The meetings aimed to advance next-gen nuclear tech commercialization and strengthen US-Korea energy partnerships.
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