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SBI Holdings agrees $289M deal to take over Japan's Bitbank exchange
SBI Holdings has agreed to acquire all shares of cryptocurrency exchange Bitbank in a ¥46.7 billion ($289 million) transaction. This deal would make the combined group Japan’s largest crypto exchange operator by assets under custody. The acquisition runs through SBICAH, a wholly owned SBI subsidiary. How does the deal work? Starting around August, SBICAH will...Cryptopolitan
Thu, Jun 25
Amazon to invest additional $13 billion in India for its AI and cloud infrastructure
Tech giant Amazon has announced an influx of an additional $13 billion into India by year 2030, which aims to improve AI and cloud infrastructure in the Mumbai and Hyderabad regions. This fresh commitment will raise the company’s total planned investment in the country to $48 billion over the next half a decade. Amazon’s new...Cryptopolitan
Thu, Jun 25
Kraken expands OTC lending via Maple's onchain credit infrastructure
The Kraken crypto exchange and Maple Finance have launched an onchain warehouse lending facility that channels USDC liquidity from Maple’s collection of lenders to Kraken’s over-the-counter borrowers, applying the structural framework behind traditional asset-backed securities to crypto lending for the first time. Lending facility details Maple will provide the senior financing through a special purpose...Cryptopolitan
Thu, Jun 25
IBM stock jumps ~6% after company unveils sub-1 nanometer chip technology
Markets have not opened yet, but investors are already lining up to take the action on IBM’s stock (NYSE: IBM) as the tech giant revealed what it calls the first chip technology to go under the 1-nanometer technological barrier. The news has sent IBM shares up nearly 4% in pre-market trading, a necessary shot in...Cryptopolitan
Thu, Jun 25
Big Tech competitors object to EU exemption of Google Cloud from DMA crackdown
The European Union is stepping up its regulation of big tech, this time turning its attention to artificial intelligence and cloud computing. On Thursday, the European Commission announced plans to designate Microsoft Azure and Amazon Web Services as gatekeepers under the bloc’s Digital Markets Act (DMA). The two companies are the world’s largest cloud service...Cryptopolitan
Thu, Jun 25
Crypto Today: Bitcoin, Ethereum, and Ripple defend their last line of defenses
The broader cryptocurrency market remains under immense downward pressure as investors' interest shifts toward lucrative AI and memory stocks. Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) are holding above their June 6 lows, with bulls hoping short-term resilience will ward off sellers.
Canopy Network launches fresh bid to lead AI-native blockchain development race with $8.5M raise and strategic acquisition
Canopy, an AI-native blockchain development framework, today announced an $8.5M seed round. The funding will support Canopy’s mainnet launch, expand the engineering team, and continue developing its AI-native tooling and developer experience. Additionally, the company welcomed Arrington Capital, Fenbushi Capital, Borderless Capital, and SNZ Capital as key stakeholders through the recent acquisition, bringing in additional...Cryptopolitan
Thu, Jun 25
Fed rate cut headaches lead macroeconomic risks from the US-Iran deal
U.S. Treasury Secretary Scott Bessent said the country’s pressure campaign pushed Iran into talks, claiming the government in Tehran was forced to negotiate after its finances collapsed. “We have laid Iran’s economy to waste, that’s what brought them to the table,” Bessent said while talking about where the American economy goes after the war with...Cryptopolitan
Thu, Jun 25
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