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AI-powered insurance platform Corgi has secured $106 million in funding led by TCV, reaching a $2.6 billion valuation. The company achieved profitability last month and plans to expand into freight, small business, and sports insurance sectors.
Read MoreSt. Louis Fed President Musalem cautions against relying on AI-driven productivity gains to tame inflation. With price pressures elevated and geopolitical risks rising, officials signal openness to further rate hikes if needed, amid internal debates on policy guidance.
Read MoreBlockchain data reveals Galaxy Digital has unstaked 1 million HYPE tokens, worth approximately $61.16 million, and initiated transfers to exchanges for sale. This significant move is drawing close market attention to HYPE's liquidity and price trajectory.
Read MoreMajor Asian stock markets opened higher on May 29th. South Korea's KOSPI index surged past the 8,400 mark with a strong gain, while Japan's Nikkei 225 index continued its upward momentum, firmly breaking through the 65,000 level.
Read MoreA pivotal shift is underway as AI redefines data processing. The fundamental unit of computation is emerging as a key metric for resource consumption, transforming data centers into high-value production hubs and fueling a wave of hardware innovation across the server supply chain.
Read MoreOn-chain data reveals a major Bitcoin holder withdrew 450 BTC (worth $33.35 million) from Binance in the past day. This whale has accumulated 767 BTC over three months, now valued at $56.45 million, but currently faces an unrealized loss of approximately $1.77 million.
Read MoreA cryptocurrency wallet linked to the U.S. government has moved approximately $805,000 in digital assets, according to on-chain data. This transaction has renewed attention on official crypto holdings and their potential market implications.
Read MoreBlockchain data reveals a major OTC whale purchased 20,000 ETH via an institutional platform and transferred $50M USDT to a market maker, likely preparing for more buys. The address now holds over 143,000 ETH, worth ~$317M, signaling strong bullish conviction.
Read MoreAnthropic projects Q2 revenue to surge to $10.9 billion, more than doubling quarter-over-quarter, driven by explosive demand for its AI software. The company is on track for its first profitable quarter and indicates its annualized revenue run rate will exceed $50 billion by late June.
Read MoreOvernight, Bitcoin fell out of the top 10 global assets by valuation. US-Iran negotiations reportedly reached a key breakthrough with a 60-day memorandum of understanding, pending final approval. CNN sued Perplexity over AI copyright infringement, while a Fed official stated monetary policy is in a good place.
Read MoreThe Sui mainnet has fully resumed operations following a brief outage caused by a critical bug in the Gas fee logic introduced in a recent version upgrade. The development team promptly deployed a fix to ensure network stability.
Read MoreThe US Central Command has firmly denied Iranian claims of downing an American military aircraft near Bushehr, dismissing the report as false. Iran attributes local explosions to air defense interceptions, highlighting escalating tensions in the Gulf region.
Read MoreThe US Treasury Secretary announced new sanctions targeting Iran's aviation sector, aiming to cut off access to landing rights, refueling, and ticketing services. This move escalates economic pressure on Iran, coinciding with the designation of the 'Persian Gulf Strait Authority' to a sanctions list. Official details are pending release.
Read MoreA groundbreaking long-term financial initiative in the U.S. automatically opens tax-advantaged investment accounts for newborns. Funds are directed into low-cost index funds, leveraging decades of compound growth to build substantial wealth by age 18. This experiment aims to teach millions financial literacy through direct experience.
Read MoreBlockchain data reveals that 'Loracle', previously the largest HYPE supporter, has unstaked $51.3 million worth of tokens. This move has sparked market concerns over a potential large-scale sell-off, which could exert significant downward pressure on HYPE's price.
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