As Bitcoin’s price slump continues to rattle equity-linked crypto firms, Strategy Inc. (previously known as Microstrategy) is pivoting its capital-raising playbook to preferred stock issuance in a bid to secure fresh funding for its Bitcoin accumulation strategy. Chief Executive Phong Le said the company would increasingly rely on perpetual preferred shares to fund purchases of
World Liberty Financial, a crypto project backed by members of the Trump family, said it plans to launch a foreign exchange and remittance platform aimed at lowering the cost of cross-border money transfers. Speaking at the Consensus conference in Hong Kong, co-founder Zak Folkman detailed plans to utilise the project’s proprietary USD1 stablecoin to facilitate
Washington moved to wind down a controversial immigration surge in Minnesota as federal agents began pulling back after weeks of backlash. Markets, meanwhile, remain tense: Bitcoin is stuck near $65,000 as traders debate whether another leg lower lies ahead. In corporate news, SoftBank-backed PayPay has filed for a blockbuster US IPO, while AI heavyweight Anthropic
Major cryptocurrencies remained under pressure as weak sentiment and broader market volatility continued to weigh on digital assets, extending a period of subdued performance and limited buying interest. Bitcoin was trading around $66,300, extending its recent decline amid persistent selling pressure and cautious risk appetite. The cryptocurrency had fallen to around $65,000 on Thursday, highlighting
Bitcoin’s latest bout of selling has a different feel. Instead of the usual crypto stress signals, panic from small investors, a wave of forced liquidations, or miners dumping coins to pay bills, this time the pressure looks more like portfolio housekeeping by institutions. As US rate expectations swing and cross‑asset volatility climbs, professional allocators are
Uber Eats is stepping up its push into grocery delivery by adding artificial intelligence to the shopping cart. The company said on Wednesday that its food delivery platform is introducing a new AI assistant designed to help customers build grocery baskets using simple text prompts or even photos of handwritten lists. The feature is being
Kraft Heinz surprised markets on Wednesday by pressing pause on plans to explore a potential breakup. For months, the investors were debating whether splitting the packaged-food giant could revive growth and sharpen focus. Instead, management chose caution. The decision reflects a mix of multiple factors, like leadership change, difficult operating environment, and growing belief that
India’s top jewellery maker, Titan Co., is reporting that customers are becoming cautious, with record-high gold prices dampening demand in the world’s second-largest bullion market. Sales growth is now primarily driven by price increases rather than volume, with customer growth remaining “muted,” according to Chief Financial Officer Ashok Kumar Sonthalia in an interview with Bloomberg
Sam Bankman-Fried has resurfaced on social media with fresh allegations about the conduct of US prosecutors during his criminal trial. The FTX founder claims that new evidence shows officials within the Biden administration’s Department of Justice pressured witnesses, either discouraging them from speaking or pressuring them to alter their testimony. His posts on X come
At the moment, the oil market is riddled with different scenarios, which keep investors on their toes. The prospect of India completely stopping Russian oil imports may lead to market tensions and supply mismatch, according to experts. Moreover, experts argue, Russia would not be able to find alternative buyers if India stops purchasing oil from