The Tony Blair Institute helped form a plan that proposed selling land in Gaza via blockchain tokens, the Financial Times reported Monday, after paying Palestinians to leave their land. The tokenization project would have also seen the region rebuilt with Dubai-style artificial islands and “blockchain-trade initiatives,” complete with Elon Musk and Donald Trump-themed areas. The
CoreWeave (CRWV) has agreed to acquire bitcoin miner Core Scientific (CORZ) in an all-stock deal valued at $20.40 per share, implying a ~16x FY26E EBITDA multiple, a steep discount to traditional data center peers, according to investment bank KBW. Core Scientific shares were 18% lower, trading around $14.75 at publication time. CoreWeave stock was down
Robinhood is now facing heat from European regulators after OpenAI said it wants nothing to do with the company’s new stock tokens. On Monday, Lithuania’s central bank confirmed it contacted Robinhood, asking for a full breakdown of how the hell these tokens, claiming to represent equity in OpenAI and SpaceX, actually work. The central bank
I’ve got some good news for you: Venture capital fundraising seems to be bouncing back after a slow May. According to Blockworks Research data, there was roughly $2.8 billion raised last month. Source: Blockworks Research If you remember from the last time we took a look at this data, VC funding topped off around $594
The cryptocurrency world is buzzing with the latest development from South Korea’s PiLab Technology, the innovative firm behind the L1 cross-chain Bifrost Network. In a move that signals significant strategic intent, PiLab has officially filed trademark applications for a trio of new stablecoins: MJPY, MKRW, and MUSD. This isn’t just a bureaucratic formality; it’s a
Transak has officially listed Tether Gold (XAU₮), a gold-backed stablecoin issued by Tether, on its global stablecoin onboarding platform, as per the reports shared with Finbold on Monday, July 7, The listing allows users worldwide to purchase, transfer, and settle in gold-backed tokens without traditional intermediaries or physical storage requirements. Each XAU₮ token represents one
Shares of Mustang Bio (NASDAQ: MBIO) surged on Monday as investors responded to a significant approval from the Food and Drug Administration (FDA). By press time, Mustang Bio’s stock was trading at $5.11, marking a 329% surge. Over the past week, the equity has rallied by more than 400%. Notably, the stock is part of
Japan’s consumer index falls for the third month, raising concerns about household spending and economic momentum. Investors are eyeing Bitcoin as weak consumption data could prompt the Bank of Japan to adopt a more cautious policy stance. Japan’s consumer index fell for the third month in May, pointing to weaker household demand and fresh concerns
The financial world is buzzing with news from South Korea, where traditional banking giants are making decisive moves into the digital asset space. Specifically, BNK Financial Group, a prominent financial holding company, has announced a significant stride towards the future of digital currency. Its affiliates, including BNK Financial Holdings, Busan Bank, and Kyongnam Bank, are