High-performance computing firm IREN (IREN) stock slipped 6% on Tuesday post-market after announcing a $875 million convertible debt offering. The offering may increase to $1 billion if initial purchasers take up an option to buy an additional $125 million, the press release said. The notes will be unsecured and give holders the right to convert
Oracle’s stock price tanked after a new report on its profit margins, and there are serious possible implications for AI. Crypto’s market cap also declined afterward, but it’s hard to predict the full fallout. LLM developers and various AI infrastructure interests are currently engaged in a huge wave of circular financing, but one collapse could
Consob has introduced new measures to simplify the process of listing investment funds in Italy. The reforms aim to make the Italian financial market more competitive and bring it in line with regulations in other European Union countries. Although the new rules primarily address fund issuers, they may indirectly benefit retail traders. By simplifying listings
U.S. stocks opened slightly higher on Tuesday, and gold spiked to a record $4,000 as Wall Street looked to maintain the momentum that pushed the major indexes to new record highs. Summary Dow rose slightly as stocks opened higher on Tuesday. Gold prices hit a record $4,000 for the first tim. Wall Street is upbeat
Zac Prince of BlockFi bankruptcy fame has been named as managing director of Galaxy Digital’s new 8% APY yield product. While slowly leading BlockFi into bankruptcy, Prince advertised interest rates on Circle’s USD stablecoin of 7.5%. Now as head of Galaxy One, he’s advertising 8% APY on USD. With funds “generated by Galaxy’s institutional lending
Mike Novogratz’s crypto firm Galaxy Digital sees a bright future ahead for tokenized assets. In a recent research report, “The Investable Universe 2.0,” the New York-based firm projects that tokenized assets could reach a $1.9 trillion market capitalization by 2030 under its base scenario, a 5,622% increase from their current $33 billion valuation, and as
The Croatian Football Federation (HNS) has launched a new loyalty program that rewards fans with cryptocurrency through its official store app, making Croatia the first national football team to embed blockchain rewards directly into its fan engagement system. HNS released a public statement on Tuesday in conjunction with blockchain company Kadena, which joined forces in