SpaceX cleared Wall Street’s revenue target in its first earnings report as a public company. The celebration didn’t last long. A $540 …
company
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Finance
Ten mystery investors are using 2,380 BTC to completely hijack a Nasdaq company and gut its leadership
by shayaanby shayaanZhibao Technology, a Nasdaq-listed Chinese insurtech company, signed a $154.7 million private investment in public equity (PIPE) agreement payable in 2,380 $BTC. …
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Finance
Biotech company asks shareholders to dilute stock by 951% to hoard illiquid crypto token instead of funding its own drug
by shayaanby shayaanEnlivex, a Nasdaq-listed biotechnology company, is asking shareholders to authorize up to $800 million of financing tied to the $RAIN crypto token. …
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In brief A German court ruled that Suno infringed copyrights by using music from GEMA’s catalog without a license. The decision requires …
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Mining
A cleaning company with just $4.1M in cash and a stash of Dogecoin just committed $500M to an AI mega-deal
by shayaanby shayaanCleanCore Solutions, a cleaning-products and Dogecoin-treasury company pivoting into AI infrastructure, announced a Minnesota data-center venture whose operating company is a party …
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Markets
Company behind AI trade that caused $60 million crypto liquidations to cover all losses
by shayaanby shayaanThe mark price fell 19% on a single pre-market trade in Korea. The company says its oracle worked exactly as designed. www.coindesk.com
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Analysis
Nvidia Relinquishes Largest U.S. Company Title to Apple as AI Chip Stocks Slide
by shayaanby shayaanNvidia has surrendered its position as the biggest American company by market capitalization back to Apple after its stock price fell sharply. …
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DeFi
Odos to shut down operations as company winds up, DAO to chart next steps
by shayaanby shayaanThe company behind DeFi aggregator Odos will permanently wind down its operations this month. The protocol’s app is moving to read-only mode …
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Mining
The CEO of a Mining Company That Sold 20,000 Bitcoin Explained Why He’s Moving Away from BTC
by shayaanby shayaanFred Thiel, CEO of MARA, one of the world’s largest publicly traded Bitcoin mining companies, appeared on journalist Natalie Brunell’s Coin Stories …
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In brief Payward and GTN aim to expand xStocks beyond U.S. markets into equities from Hong Kong, the U.K., Europe, and South …