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Bitcoin mining and AI infrastructure firm IREN plans a private offering of $2 billion in convertible senior notes due 2033 to qualified institutional buyers, with a potential $300 million upsizing. The funds are earmarked for expanding its computing power capabilities.
Read MoreSenior U.S. officials indicate a major policy reassessment, with a key liberty-focused initiative under consideration for revival. This move signals potential strategic shifts and is drawing close analysis from observers.
Read MoreMorgan Stanley suggests a potential decline for the US dollar in coming months, contingent on sustained improvement in global risk appetite. This outlook hinges on upcoming US data being 'just right'—neither too weak nor too strong—to avoid disrupting market expectations.
Read MoreIran has asserted sovereignty claims over the Strait of Hormuz, a vital global oil transit route. Oman also holds legal rights as a coastal state. This development could impact regional geopolitics and international energy security.
Read MoreThis week saw major moves: Alibaba Cloud launched a new token plan, institutions increased crypto holdings, Kuaishou plans to spin off its AI video model, and the central bank pledged continued loose monetary policy.
Read MoreOn May 11, Nvidia's stock surged 2% to close at $219.49 per share, propelling its market capitalization to approximately $5.33 trillion. This marks yet another record high, solidifying investor confidence in its AI leadership.
Read MoreU.S. stocks opened mixed on Tuesday, with the Dow edging higher while the Nasdaq and S&P 500 dipped. Investor attention centered on the chip sector, where shares of Qualcomm and Micron Technology surged to record highs, reflecting strong confidence in AI and semiconductor demand.
Read MoreThe semiconductor sector is witnessing a powerful rally. Micron Technology's stock surged over 7%, pushing its market value past $900 billion. Qualcomm, a leader in mobile chips, also saw significant gains, jointly driving strength in the tech sector.
Read MoreSpot gold prices continued to climb, successfully breaking through the key resistance level of $4730 per ounce with a 0.3% intraday gain. This movement is driven by rising safe-haven demand and a weaker US dollar.
Read MoreAI startup Ciridae has raised $20M in seed funding led by Accel. The company focuses on rebuilding operational systems with AI for traditional, offline U.S. mid-market businesses in sectors like construction and industrial services, bridging the digital divide for core industries.
Read MoreWhite House advisor Hassett suggests Fed Chair Powell may depart after his term ends, potentially following the Inspector General's report on building renovations. He indicates Powell could view a satisfactory report as a natural exit point, sparking speculation about leadership continuity at the central bank.
Read MoreBNY Mellon is set to launch a regulated, institutional-grade digital asset custody service in Abu Dhabi Global Market. The initiative aims to provide secure, scalable solutions, starting with Bitcoin and Ethereum, with plans to expand to a wider range of regulated digital financial products.
Read MoreIran's military has deployed deep-diving submarines in the Strait of Hormuz, a critical global oil shipping route, as reported by Tasnim News Agency on May 11. This move is seen as a significant step to enhance Iran's maritime defense capabilities in a geopolitically sensitive region.
Read MoreA major crypto investment entity significantly increased its Ethereum holdings last week, adding over 26,600 ETH. Its total ETH stash now exceeds 5.2 million, representing 4.31% of the total supply, within a diverse $13.4 billion portfolio.
Read MoreTether has executed a substantial minting of 1 billion USDT on the Tron blockchain. This significant injection of stablecoin liquidity raises questions about its strategic purpose and potential impact on the broader cryptocurrency market dynamics.
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