BNY Mellon has expanded its Digital Asset Custody platform to allow institutional clients to store, transfer, mint, and redeem Circle’s USD Coin (USDC), marking the first stablecoin supported on the platform. The move deepens the bank’s existing relationship with Circle, where it already serves as the primary custodian of the reserves backing USDC. New stablecoin […]
Omen AI, a startup founded by an 18-year-old high school dropout, has raised $31 million to solve a surprisingly messy problem in the AI boom: bacteria growing inside the liquid that cools data center chips. The Series A round was led by Nava Ventures, with participation from CRV, Vanderbilt University, Mann+Hummel, and others, bringing Omen’s […]
SharpLink Gaming, a Nasdaq-listed sports technology firm, has resumed its cryptocurrency treasury strategy with a $62.4 million Ethereum purchase, ending an eight-month pause in digital asset accumulation. The transaction, disclosed in a regulatory filing on June 10, 2025, marks the company’s largest single crypto buy to date. SharpLink Gaming purchased $62.4 million in Ethereum on […]
Ford Motor Company has rehired 350 veteran engineers — including former employees and specialists who had been working at supplier firms — after the automaker concluded that its artificial intelligence and automated quality systems were not delivering the expected results. The move, confirmed by Ford chief operating officer Kumar Galhotra in an interview with Bloomberg, […]
The European Banking Authority (EBA) published a proposed penalty framework on Friday that could strip non-compliant issuers of significant crypto tokens of up to 12.5% of their annual revenue, marking a decisive shift toward enforcement as the European Union’s landmark Markets in Crypto-Assets (MiCA) regulation takes full effect. EBA’s two-step penalty process for significant token […]
Micron Technology, the Boise, Idaho-based memory chip maker, briefly became more valuable than Meta and Tesla on Thursday, June 26, 2025, before settling back to nearly match them by Friday. The company closed the week with a market capitalization near $1.27 trillion, just behind Meta at $1.39 trillion and Tesla at $1.42 trillion. Its stock […]
Yuma, an investment company backed by Digital Currency Group (DCG), has launched a fund designed to give institutional investors diversified exposure to the Bittensor ecosystem. The move comes as asset managers expand products tied to decentralized AI, following recent US government restrictions on Anthropic’s AI models. Yuma Total Market Fund offers basket exposure to Bittensor […]
On Wednesday, Chinese cybersecurity firm 360 unveiled Tulongfeng, an AI tool it says can go head-to-head with Anthropic’s Mythos — the cybersecurity-focused AI model so powerful the Trump Administration has banned its export, along with its restricted version Fable 5, from non-US hands. Earlier the same week, Tokyo-based Sakana AI launched Fugu, a frontier model […]
Tokenization platform Securitize is on track to raise approximately $400 million in gross proceeds as it prepares to go public via a merger with Cantor Equity Partners II (CEPT), a special purpose acquisition company backed by Cantor Fitzgerald. The company announced on Friday that less than 30% of CEPT shareholders elected to redeem their shares, […]
Two weeks after the U.S. government pulled Anthropic’s Fable and Mythos models from general release, OpenAI’s next-generation model appears to be facing the same regulatory bottleneck. According to a report from The Information on Thursday, OpenAI’s GPT-5.6 will launch only in a limited preview, with the government approving access “customer by customer” until a broader […]
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