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Two more nuclear companies have been awarded large grants by the Trump administration. The Tennessee Valley Authority and Holtec will each receive $400 million from the Department of Energy to build small modular reactors based on existing nuclear fission technology. The TVA will build one 300-megawatt reactor from GE Vernova Hitachi in Tennessee, while Holtec … Read more
Key Takeaways More than $800 million in crypto positions were liquidated in the past 24 hours. The total crypto market cap has dropped nearly 30% since October 6, intensifying volatility. Share this article Crypto liquidations surged past $800 million today amid a sharp decline in total market capitalization, as leveraged trading positions across major exchanges … Read more
x402 ecosystem tokens have risen to surpass $800 million in market value, rising by 366% only a day after launching the facilitator module protocol for BNB Chain. Summary Pieverse’s launch of x402b for BNB Chain sparked a major rally in the ecosystem, driving the protocol’s market cap above $810 million with a 366% surge in … Read more
OpenAI CEO Sam Altman said Monday that ChatGPT has reached 800 million weekly active users, marking an increase of adoption among consumers, developers, enterprises, and governments. ChatGPT’s impressive growth comes as OpenAI is on a race to secure as many AI chips and build as much AI infrastructure as possible. In August, OpenAI said it was on the cusp … Read more
Institutional money is pouring back into U.S. spot Bitcoin ETFs at record rates. Bitcoin exchange-traded funds kicked off the week with a combined $217 million in net inflows, while Ether ETFs added another $62.11 million, continuing a strong start to July. BTC ▲0.19% volatility may be on summer break, but with this sort of volume, … Read more
Bitcoin just reminded everyone that it’s still the wild child of the financial world. After flirting with record highs earlier this month, the price nosedived to around $104,000 on May 30, wiping out billions in value overnight. The move blindsided traders, triggered massive liquidations, and put a serious dent in BlackRock’s headline-making Bitcoin ETF. It … Read more
Plenty of startups hit a wall after their first few rounds of funding, having grown too big for venture funds but still in need of cash. For startups specializing in industrial-scale hardware, which includes many climate tech companies, the problem is especially acute because the capital requirements are so large. Infrastructure funds have long filled … Read more
A discarded hard drive, a billion-dollar Bitcoin wallet, and a trash-strewn landfill in Wales are now the foundation for a high-stakes docuseries. Entertainment company LEBUL announced this week that it has acquired exclusive rights to the story of James Howells, the British engineer who famously lost access to 8,000 Bitcoin (BTC) in 2013. Dubbed ‘The … Read more
What is the difference between Tether printing money and a private organization like the Federal Reserve printing money? Nothing. And increasingly, Tether is becoming the new Fed, as it has now announced that it is entering the precious metals market. The company just published its first attestation report for Tether Gold (XAUT), showing 7.7 tons … Read more
FuriosaAI, a South Korean startup that makes chips for AI applications, has rejected an $800 million acquisition offer from Meta, opting instead to focus on developing and producing its AI chips, according to a local media report. Disagreements over post-acquisition business strategy and organizational structure, rather than price issues, caused the negotiations to break down, … Read more
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