Bitcoin miner IREN’s shares rose around 15.7% on Monday after the company raised its year-end AI cloud annualized run-rate revenue target to more than $4 billion following $2.8 billion in new multi-year cloud services contracts with AI developers. The company said about 85% of its revised annualized AI cloud revenue target is now under contract,
RWA-focused blockchain project Plume has announced its participation as an ecosystem partner in a tokenization initiative for Japanese stock market listed-equity investment strategies. The project is led by SBI Global Asset Management, a subsidiary of major Japanese financial conglomerate SBI. Japan’s $7.8 Trillion Market Moves On-Chain Plume shared the news via its official X account,
Bitcoin Treasury Capital (BTCB), a Sweden-listed company, has introduced Europe’s first Bitcoin-backed preferred stock, trading under the ticker symbol PREF on the Spotlight Stock Market. The security offers a 10% annual dividend, with monthly payouts, marking a significant step in the integration of digital assets with traditional equity markets. What Is a $BTC-Backed Preferred Stock?
TD Cowen has reduced its price target for Smarter Web Company (SWC), a London Stock Exchange-listed firm pursuing a strategic Bitcoin accumulation strategy, to 0.64 pound from the previous 1 pound, while maintaining a Buy rating. The revision, reported by The Block, reflects a combination of factors including adjustments to the investment bank’s Bitcoin price
A Hong Kong dollar stablecoin backed by a Standard Chartered-led venture could begin trading as early as July 31, 2026, offering the crypto market a regulated digital currency pegged to something other than the US dollar. The Hong Kong Economic Journal reported that HKDAP is expected to launch before the end of July. The timing
Crypto News A former Goldman Sachs credit investor argues that Strategy’s STRC preferred stock is undervalued by roughly 13%, worth near $96 against a market price of about $85. Khing Oei, who spent 25 years valuing risky debt at Goldman and hedge funds, published a model that treats STRC like a bond rather than a
In a recent tweet on July 9, 2026, Cathie Wood of ARK Invest articulated her views on the importance of stablecoins like $USDT and $USDC in the cryptocurrency ecosystem. She emphasized that these stablecoins function as monetary networks whose effects compound over time, driven by trust, collateral utility, and integrations. Wood’s insights have gained traction,
The Bank of Korea is moving closer to live transaction testing of deposit tokens under the second phase of Project Hangang, its central bank digital currency (CBDC) pilot program. According to a report from Yonhap News, the central bank and participating commercial banks are finalizing system preparations and participant recruitment. If development proceeds on schedule,
U.S. Central Command disclosed that Iran fired ballistic missiles and drones at Muwaffaq Al Salti Air Base in Jordan late on July 17. Two service members died, a third remains missing, and four others were hospitalized and later discharged. CENTCOM called the barrage retaliation for the ongoing U.S. bombing campaign, now in its eighth night
Moonshot AI is preparing to go public within six months, moving to tap capital markets days after its Kimi K3 model upended assumptions about how far behind China’s AI sector really is. The company has distributed a shareholder resolution seeking its backers’ approval for a Hong Kong listing, Bloomberg reported Monday, a step that signals