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Nvidia is building 35 AI supercomputers across 23 European countries for over 3 million researchers
Nvidia said on Monday that 35 of its AI supercomputers are now being built across Europe, a record number that will give more than 3 million researchers access to the latest computing tools for science, industry and AI work across the region. This was dubbed Europe’s largest one-year increase in supercomputers by the corporation. The...Cryptopolitan
Mon, Jun 22
Strive adds 759 Bitcoin for $50 million, lifting treasury past 19,000 BTC
Strive Inc. (NASDAQ: ASST) bought 759 Bitcoin between June 15 and June 21 at an average price of $65,850 per coin. The firm spent roughly $50 million to push its total holdings beyond 19,800 BTC, according to an 8-K filing disclosed on June 22. Is Strive’s latest BTC purchase cheaper than its previous? The per-coin...Cryptopolitan
Mon, Jun 22
Goldman Sachs claims China-led EV surge could cut oil demand by 2027
U.S. banking giant, Goldman Sachs, is projecting that rapid electric vehicle adoption, majorly due to higher fuel costs tied to disruptions near the Strait of Hormuz and the US-Iran war, could reduce global oil demand by up to 320,000 barrels per day by the end of 2027. In a research note published on Sunday June...Cryptopolitan
Mon, Jun 22
Indonesia to embed AI in key government programs including $15 billion free meal drive
Indonesia is looking at a presidential regulation that would integrate artificial intelligence into the country’s major government programs, including its $15 billion free nutritious meals scheme, according to Reuters. The regulation, which awaits President Prabowo Subianto’s signature, sets out an adoption roadmap spanning the years 2026 to 2029 for ministries and regional governments. Officials project...Cryptopolitan
Mon, Jun 22
Chevron strike deal with Microsoft to power Texas AI data center
Global energy company Chevron has signed a partnership deal with Microsoft to build a dedicated natural gas power facility next to the tech giant’s data center campus in Pecos, Texas, penning a 20-year agreement that could generate up to 2.67 gigawatts of electricity for the data center’s AI workloads. The “Kilby” energy project will pair...Cryptopolitan
Mon, Jun 22
Chinese and US AI labs command trillion-dollar valuations on thin revenue as regulators sound alarms
AI companies continue to generate a fraction of the revenue their market caps imply, while investments keep rolling in from both Beijing and Wall Street. AI labs in both the U.S. and China hold combined valuations approaching $2 trillion despite generating a small fraction of that in actual revenue, with individual firms like Zhipu trading...Cryptopolitan
Mon, Jun 22
Toss Bank has signed an MoU to use Solana for stablecoin remittance
South Korea’s internet-only bank Toss Bank has signed an MoU with the Solana Foundation to build and test cross-border remittance infrastructure on Solana. The deal will be a starting point for the third-largest Korean internet bank to gradually integrate blockchain-based digital financial infrastructure into all of its financial services, Park Jin-hyeon, head of strategy at...Cryptopolitan
Mon, Jun 22
KuCoin Pay doubles down on LATAM expansion with QR integration with payment platforms
KuCoin Pay, the innovative cryptocurrency payment solution from KuCoin, today announced the expansion of its QR-based payment capabilities in Argentina and Peru, enabling users to connect crypto and stablecoins with everyday scan-and-pay experiences. In Argentina, KuCoin Pay supports the Transferencias 3.0 network, enabling payments through interoperable QR codes from platforms such as Mercado Pago. In...Cryptopolitan
Mon, Jun 22
Crypto Market Overview: Bitcoin, Zcash and Bittensor rebound, but are these gains sustainable?
Bitcoin (BTC) upholds a subtle recovery outlook on Monday, trading above $64,000 as investors reengage amid easing geopolitical tensions, particularly in the Middle East. Altcoins are broadly rising, led by Zcash (ZEC) and Bittensor (TAO), indicating a positive short-term turnaround.
Fxstreet
Mon, Jun 22
Strategy buys 520 Bitcoin for $35M, raises dollar reserve to $1.4B in single week
On Monday, Bitcoin whale Strategy (NASDAQ: MSTR) announced that it raised its USD reserve to $1.4 billion and bought 520 Bitcoin for $35 million, bringing its total BTC reserve to 847,363 coins. The company’s update covers capital market activity from June 15 through June 21. Michael Saylor, the Bitcoin-loving executive chairman of Strategy, said: “Strategy...Cryptopolitan
Mon, Jun 22
Tencent rolls out AI helper on China's largest social media platform, WeChat
Tencent Holdings (HKEX: 0700) has started putting an AI helper inside WeChat, China’s largest social media platform. The company said on Monday that it is testing Xiaowei inside Weixin, the China-facing version of WeChat, as it tries to keep pace with Alibaba Group (NYSE: BABA, HKEX: 9988), DeepSeek, Zhipu, and other AI players fighting for...Cryptopolitan
Mon, Jun 22
BTC ETF lost nearly $227 million in net outflows over the past week
Bitcoin and major altcoins have continued to bleed as some of the biggest buyers pull capital from ETFs. Spot Bitcoin ETFs recorded nearly $227 million in outflows in the past week, according to market data from SoSovalue. The latest record extends the outflow streak to six straight weeks, although it’s the least amount for that...Cryptopolitan
Mon, Jun 22
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Today’s Market Recap: U.S. Stocks Rebound as Nasdaq Gains 1.11%, Memory Chip Stocks Rally, SanDisk Jumps 5.5%
US Stocks Close: Nasdaq Rises 1.1% as Tech Stocks Rebound, Memory Stocks Lead Gains With Micron Up Nearly 3%
Tesla Q3 Earnings Preview: Can Auto Margins Stabilize? Wall Street’s Highest Price Target at $550
US Memory Sector Slides Again Pre-Market as Micron, SanDisk, Western Digital Erase Monday Gains
Apple Retreats Below $340 After Surge: Can First Touchscreen MacBook Pro Help Stock Reach New Highs?
