In brief The U.S. Justice Department seized a cloud computing account that hosted backend infrastructure for subsidiaries of Cambodia’s Huione Group, which …
Billions
-
-
Preliminary data released Monday showed South Korea’s exports climbed 60.4% from a year earlier for the first 20 days of June. So …
-
Analysis
Baron Capital CEO Predicts Firm Will Make ‘Hundreds of Billions of Dollars’ in Massive SpaceX (SPCX) Bull Run
by shayaanby shayaanBillionaire Ron Baron believes that his firm’s $25 billion stake in Elon Musk’s rocket company, SpaceX (SPCX), will soar in value over …
-
Mining
Bitcoin miners need billions to fund AI ambitions, led by IREN’s $21B gap
by shayaanby shayaanPublic Bitcoin miners are increasingly being valued as AI infrastructure companies, but turning that narrative into reality could require roughly $50 billion …
-
Smart Contracts
SpaceX Surge Could Be Worth Billions for FTX—Will Creditors Benefit?
by shayaanby shayaanIn short SpaceX’s stock surge following last week’s IPO could benefit FTX’s creditors, as the defunct crypto exchange took a stake before …
-
Finance
Legacy sportsbooks are chasing prediction markets that already trade billions each month
by shayaanby shayaanDraftKings told investors on June 9 that its prediction markets business is scaling fast, and the market liked what it saw. The …
-
Smart Contracts
Zcash Crash Just Wiped Billions From the Privacy Coin’s Market Cap—Can ZEC Recover?
by shayaanby shayaanIn short Zcash’s price fell by more than 40% after the discovery of a vulnerability that could have led to the counterfeiting …
-
Markets
Live Markets: Bitcoin crashes to $62,000 as billions of longs get liquidated
by shayaanby shayaanAnalysts and market observers are saying bitcoin’s crash is happening due to traders chasing momentum and rotating out of crypto and into …
-
DeFi users are still chasing yield while most of their capital remains exposed to hacks, phishing attacks, and private key failures. According …
-
Markets
Solana is shedding its memecoin reputation as big banks move billions into its ecosystem
by shayaanby shayaanWall Street and payment giants are quietly taking over Solana, moving billions onto the network for tokenized funds and global payments even …