Alibaba and miHoYo Refuse to Cash Out on MiniMax’s AI Boom.
Alibaba and miHoYo have pledged not to sell any of their shares in Chinese AI startup MiniMax ahead of its first major share unlock scheduled for July 9. This commitment…
Chinese Supercomputer Surpasses US Record to Become the World’s Fastest Computer.
China has reclaimed the title of the world’s fastest supercomputer with its new LineShine system at the National Supercomputing Center in Shenzhen. According to the latest TOP500 ranking released at…
BlackRock Says Bitcoin Belongs in Portfolios, But Only at 1% to 2%.
BlackRock, the world’s largest asset manager, has publicly reaffirmed that Bitcoin has a place in diversified investment portfolios, recommending a modest allocation of 1% to 2% for institutional and retail…
SpaceX IPO Buyers Up 23%, Peak Buyers Down 25% – El-Erian.
Mohamed El-Erian highlighted the extreme volatility following SpaceX’s record-breaking IPO. Investors who secured shares at the IPO price of $135 are currently up approximately 23%, while those who bought at…
US Senate Advances Bill Blocking Fed CBDC Plans Until 2030.
The US Senate has advanced a major housing bill that includes a significant provision blocking the Federal Reserve from issuing or developing a Central Bank Digital Currency (CBDC) through December…
India FIU Seeks Crypto OTC Records Above $10,000 from Major Exchanges.
India’s Financial Intelligence Unit (FIU-IND) has directed at least three major cryptocurrency exchanges to provide detailed records of over-the-counter (OTC) transactions exceeding $10,000. This request covers trades dating back to…
Kenyan Lawmakers Challenge Stablecoin Reserve Rules Ahead of New Crypto Framework
Kenyan lawmakers have raised strong objections to proposed stablecoin reserve requirements in draft regulations, warning that strict local holding rules could hinder innovation, deter foreign investment, and undermine Kenya’s ambition…
Strategy’s 846K BTC Dwarfs SpaceX’s 18K BTC—But Which Matters More?
Strategy Inc., formerly known as MicroStrategy, now holds approximately 846,000 Bitcoin, dwarfing SpaceX’s reported 18,000 BTC stash. The gap underscores the vastly different Bitcoin strategies pursued by the two companies…
Trump Warns US May Charge Tolls In Strait Of Hormuz If Iran Peace Deal Collapses.
President Donald Trump has warned that the United States could begin charging tolls for passage through the Strait of Hormuz if a comprehensive peace deal with Iran is not finalized…
What is a Smart Contract? The Code That Runs Crypto.
A smart contract is a self-executing computer program stored on a blockchain that automatically enforces, verifies, and carries out the terms of an agreement when predetermined conditions are met. Often…