CoreWeave (CRWV) were higher by about 5% in early U.S. trading Monday after the cloud computing company entered into a $6.3 billion deal with Nvidia (NVDA) to guarantee use of its excess server capacity, according to a filing with the Securities and Exchange Commission. Under the agreement, Nvidia will buy any unused computing resources from
Chairman of the Hong Kong Institute of Accountants and Financial Reporting, Sun Deji, said that he expects the government to wait a little longer before publishing guidelines on how to audit stablecoins. Summary Accounting and Financial Reporting Council Chairman Sun Deji expects Hong Kong authorities will not rush its stablecoin audit guidelines. Sun Deji expects
Helius Medical Technologies (HSDT) announced on Monday it’s raising more than $500 million in a private financing round to create a Solana-focused treasury company. The vehicle will hold SOL, the native token of the Solana blockchain, as its reserve asset and aims to expand to more than $1.25 billion via stock warrants tied to the
Crypto investment products reversed their recent outflow trends last week, with Bitcoin, Ether and Solana exchange-traded products (ETPs) recording significant inflows. Global crypto ETPs saw $3.3 billion in inflows last week, lifting overall assets under management (AUM) to $239 million, which nears the record high seen in August. Last month, crypto ETPs saw an all-time
Key Takeaways Elon Musk purchased more than 2.5 million shares of Tesla, as revealed by a regulatory filing. Specifics about the timing and price of the stock acquisition were not disclosed in the initial filing. Elon Musk purchased more than 2.5 million Tesla shares, according to a regulatory filing today. The Tesla chief executive officer’s
If you’re wondering why bitcoin’s (BTC) price is slipping for the past two hours, the possible culprit is pre-market trading on Wall Street, where shares of Nvidia (NVDA) have dropped nearly 3%. The losses follow an announcement by China’s market regulator that Nvidia allegedly violated the country’s anti-monopoly laws during its acquisition of Israeli networking
Crypto firms across the UK and US are demanding that the BoE ditch its plan to cap stablecoin holdings at £10,000–£20,000 for individuals and £10 million for companies. This plan, according to Financial Times, would make the UK the only major jurisdiction trying to lock users out of full access to stablecoins, at a time
Bearish expectations for leading cryptocurrencies Bitcoin and Ethereum are beginning to fade. At this point, according to the latest options market data, fears of a decline in Bitcoin and Ethereum have significantly weakened. Options market data suggests a recovery in call/put curves. Analysts say that the FED’s critical interest rate decision, which will be announced
United States President Donald Trump has filed an appeal in the case involving Federal Reserve Governor Lisa Cook ahead of a key interest rate decision by the central bank this week. Lawyers representing the Department of Justice on behalf of the President have appealed against a preliminary injunction issued by the district court on Sept.