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Strategy launches $2 billion in buybacks and Bitcoin selling program to shore up preferred stock
Strategy has announced a pivot in how it will manage capital moving forward, with sales of Bitcoin, stock buybacks up to $2 billion in its own securities, and raising dividends on its troubled STRC preferred shares to 12%, all on the table according to its 8-K filing with the SEC on Sunday. The pivot comes...Cryptopolitan
Mon, Jun 29
Thailand's central bank moving forward with 1:1 baht-backed stablecoin plans
The Bank of Thailand is preparing a plan for a stablecoin pegged 1:1 to the Thai baht, with a public hearing on the proposal expected before the end of 2026. Governor Vitai Ratanakorn explained plan details at the “Capital with Purpose” conference hosted by efinanceThai. The planned stablecoin will not be a central bank digital...Cryptopolitan
Mon, Jun 29
Google caps Meta's use of its Gemini AI models
Google has put a definite cap to how much of its Gemini AI platform Meta is allowed to make use of after the tech and media company’s demand for AI compute exceeded available capacity, according to a Financial Times report. Alphabet’s cloud division informed Meta around March that its Gemini capacity demands could not be...Cryptopolitan
Mon, Jun 29
StorX Strengthens Its DePIN Infrastructure by Operating XDC Masternodes for the AI Era
StorX Network is expanding its infrastructure role within the XDC ecosystem by operating XDC masternodes, strengthening its position as more than a decentralized storage application and becoming an active participant in the blockchain network that supports its DePIN storage layer. StorX shifts from being a large application on XDC to also being part of the...Cryptopolitan
Mon, Jun 29
Kiwoom is looking to acquire a stake in Bithumb
South Korean financial services company Kiwoom Securities is currently in talks to acquire a stake in Bithumb, the country’s second-largest crypto exchange. The deal will be fulfilled through a third-party allotment of newly issued shares, under which Kiwoom would acquire new shares issued by Bithumb. However, the exact stake and investment are yet to be...Cryptopolitan
Mon, Jun 29
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