This energy company sidestepped Iran war challenges by pushing into data centers
SLB has looked beyond the Middle East, capitalizing on revenue opportunities in other regions and in the AI market. Source:MarketWatch
Crypto Biz: Is the AI-to-crypto rotation underway?
Bitcoin ETF inflows, cooling AI momentum and potential regulatory progress under the CLARITY Act are fueling speculation that capital is rotating back into…
The rising cost of capital for companies today is starting to spook the stock market: ‘The worry is the spending might not pay off’
Alphabet says it plans to throw even more money at the AI buildout. The Iran war, oil back at $100 a barrel and rising bond yields make it all the more…
BTC treasury firm Empery Digital invests $20M in AI data center developer Cardinal Data Power
The investment marks Empery’s latest push into AI infrastructure as the company shifts capital away from its Bitcoin treasury strategy. Source:Cointelegraph
Abu Dhabi's Mubadala Capital joins tokenization push as Coinbase takes stake in onchain fund
The sovereign wealthbacked asset manager tapped KAIO to bring one of its private market funds onchain across Base, Solana and Sui networks. Source:CoinDesk
HYPE falls as crypto funds queue nearly $150M in locked tokens for withdrawal
HYPE briefly fell 8% from its local highs as Multicoin Capital, Selini Capital and Galaxy Digital queued nearly $150 million of the token for withdrawals.…
S&P launches blockchain fundamentals index for digital assets
The benchmark tracks blockchain networks using protocol revenue, offering an alternative to traditional market capitalizationweighted crypto indexes.…
BIS warns stablecoins could weaken capital controls in emerging markets
Researchers found dollarbacked stablecoins are less affected by capital controls than traditional bank deposits, raising new questions about monetary…
Jack Mallers steps down as XXI Capital CEO as Tether's plans to merge three bitcoin firms falls
The proposed threeway merger between Twenty One Capital, Mallers' Strike, and Elektron Energy has been abandoned. Source:CoinDesk
Tether-backed Twenty One, Strike merger plan scrapped: Bloomberg
Strike will remain a standalone company after the proposed threeway merger was scrapped, while Twenty One Capital and Elektron continue discussions, Bloomberg…
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Saylor's Strategy raises cash reserves to $3.225 billion, leaving bitcoin holdings unchanged
For the second consecutive week, the firm kept bitcoin holdings steady, choosing to use the raised capital to boost cash for paying dividends on its preferred…