Sandisk (SNDK) and Western Digital (WDC), two of the biggest beneficiaries of the AI storage boom, were both 10% lower in pre-market trading Thursday, despite reporting strong quarterly results. Sandisk posted record fourth-quarter revenue of $8.97 billion and non-GAAP EPS of $39.25, comfortably beating expectations. Western Digital also delivered a double beat, reporting revenue of
Agents Move From Answering to Acting Kenneth Shek is the Project Lead of Moca Network and Director of Projects Management at Animoca Brands. Shek’s argument begins with a simple prediction: Artificial intelligence (AI) agents will stop behaving like passive AI chatbots and start acting as digital representatives. “The way I think about this is very
Taurus completed an 18-month integration of Hedera on Aug. 5, giving banks and regulated financial institutions access to custody, staking, token issuance, node infrastructure and smart contract deployment through one provider. The Hashgraph Association said the final phase added Hedera smart contract support to the Taurus platform. The rollout is available across Taurus-PROTECT, Taurus-EXPLORER and
Marex Group, a Nasdaq-listed financial services firm, has invested an undisclosed amount in institutional crypto infrastructure provider Digital Prime Technologies, underscoring traditional finance’s growing interest in digital asset markets. The companies announced Wednesday that the investment will support the continued development of Tokenet, a digital asset lending and borrowing platform built by Digital Prime in
JPYC Inc. raised 6 billion yen ($38 million) in an extension of its Series B funding round to accelerate the expansion of its yen-pegged stablecoin. The investment brings the company’s total raised to $106 million across seven funding rounds since November 2021, according to venture capital data site Tracxn. New investors in the latest round
Cryptocurrency asset management company Hashdex announced its decision to close and liquidate the Hashdex Bitcoin ETF (NYSE Arca: DEFI), which was traded in the US. With the completion of this decision, DEFI will be the first spot Bitcoin ETF to be shut down in the US. According to documents the company filed with the U.S.
The market has handed Strategy a reprieve. STRC shares rebounded roughly 30% from their recent trough, a move that owes less to old-fashioned bitcoin maximalism and more to a deliberate shift toward balance-sheet prudence. The catalyst? A series of bitcoin sales that built a $4 billion cash reserve and a concurrent $975 million repurchase program,
Bitcoin’s [$BTC] long-term holders (LTH) are beginning to change their behavior. This comes after accumulating at record levels, signaling a possible shift in the current cycle. LTH supply recently turned lower after climbing toward 16 million $BTC, while short-term holder supply remained comparatively subdued. This trend is similar to previous cycles of LTH supply curves,
Circle Internet Group said on Aug. 5 that its Coinbase $USDC agreement had renewed on existing terms, keeping the stablecoin at the center of the U.S. exchange’s products. Circle confirmed the renewal during its second quarter 2026 earnings call. The agreement’s initial term began in August 2023. Circle’s collaboration agreement filed with the Securities and