Beijing-based Z.ai, recently added to the U.S. Entity List and backed by $1.5 billion in fresh funding, has released two open-source AI models that outperformed most Western counterparts in global benchmarks, challenging U.S. sanctions as it prepares for a Hong Kong listing. The startup, formerly known as Zhipu AI, is listed on Washington’s Entity List, a trade
Last month, Bakkt submitted a shelf registration to the SEC to raise up to $1 billion for its Bitcoin strategy. Key Takeaways Bakkt plans to raise funds through a public offering of stock and pre-funded warrants. Proceeds will be used to purchase Bitcoin and other digital assets, as well as for general corporate purposes. Digital
Technology platform Bakkt (BKKT) is moving to complete its transition into a pure-play crypto infrastructure firm with the planned sale of its loyalty business, the company said in a press release Monday. The Nasdaq-listed company has entered into a definitive agreement to sell the unit to Project Labrador Holdco, a subsidiary of Roman DBDR Technology
Coinbase is betting that stablecoins will power a new kind of economy, one where AI agents manage money, transact autonomously, and replace traditional credit and debit rails in the background. As these tools become more embedded in online commerce, consumers — and bots — may end up using them without even noticing, the exchange’s VP
For years, the world has been watching China’s efforts to establish the digital yuan as a major player on the global stage. However, despite high-profile trials and substantial government support, the digital yuan hasn’t yet caught on internationally as Beijing likely expected. Meanwhile, a quiet pivot is underway in Beijing, where blockchain startups are piloting
Tron Inc. announced that it may issue up to $1 billion in securities in total, through its Form S-3 shelf registration filing with the U.S. Securities and Exchange Commission (SEC). Under this application, the company gained the flexibility to offer common stock, preferred stock, debt instruments, warrants and other hybrid securities to the public. No
After the U.S. negotiated a favorable deal with the EU, traders are now bracing for an update in U.S. trade talks with China. Summary The U.S. made a favorable trade deal with the EU EU carmakers, pharma firms biggest losers of the deal Markets are now focused on China, with a deadline looming Major U.S.
A new investor sentiment survey conducted in South Korea from July 22 to 25 shows growing positive sentiment toward Bitcoin and renewed interest in XRP, driven by recent U.S. regulatory developments. The weekly poll, from CoinNess and Cratos, shows how investor outlooks are changing as major legislative and legal outcomes impact the market. According to