Nasdaq-listed Bitcoin mining rig manufacturer Canaan announced on Aug. 4 its intention to sell a portion of its cryptocurrency holdings to finance a share repurchase program. The company’s board approved the American depositary share (ADS) buyback plan in December 2025, and the proceeds from the crypto sale will be directed toward executing it. Why Canaan
India’s stock market witnessed an unusual divergence this week after the Securities and Exchange Board of India (SEBI) rolled out its new Closing Auction Session (CAS), triggering sharp swings in benchmark indices and reigniting debate over how markets discover their final closing price. Why Did the Nifty Reverse? The Nifty 50 erased part of Monday’s
The United States joined Japan’s effort to support the yen after preliminary central-bank data indicated Tokyo may have deployed almost $96 billion over two days, putting Bitcoin traders on alert for a possible unwind of positions financed with cheap Japanese capital. On Aug. 3, Japan’s Ministry of Finance confirmed that it purchased yen in coordination
Enterprises are moving quickly toward agentic AI, but deploying autonomous software safely inside existing business systems remains one of the industry’s biggest challenges. The Hashgraph Group (THG) believes the next opportunity isn’t just building AI agents. It’s helping companies integrate them into real-world operations. The Swiss engineering company, which develops Web3 and AI infrastructure on
Bitcoin is showing significant price stability after the recent bearish pressure that saw it fall below $58,000 for the first time in 20 months. TradingView data shows the cryptocurrency traded at $63,823 at the time of writing, reflecting a 10% recovery from the $57,735 yearly low it recorded about one month ago. The current $BTC
Samsung’s recent announcement that it is adding stablecoin support to 800 million new smartphones could position the tech giant to become a major stablecoin distributor, experts told CoinDesk. This is not Samsung’s first venture into cryptocurrencies. Samsung, the largest company in South Korea, has been actively involved in the crypto industry for several years, having
Bitcoin saw new August highs into Tuesday’s Wall Street open as markets bet on US-Iran tensions again easing. Key points: Bitcoin ($BTC) edges higher as optimism over the Strait of Hormuz reopening pushes stocks to new all-time highs. Oil prices drop to their lowest levels since July 13 with oil traffic potentially returning on Wednesday.