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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
Japan's Nikkei hits record above 72,000 as government unveils $65 billion physical AI investment plan
Japan’s Nikkei 225 crossed the 72,000 level for the first time ever today, June 22, riding the high from the 10.5 trillion yen ($65.1 billion) that the Japanese government committed to in a public—private physical AI spending plan expected to spread across 17 strategic sectors by fiscal 2040. The benchmark index closed at 72,353.96, up...Cryptopolitan
Mon, Jun 22
Bank of England backs down from 'overly conservative' regime for stablecoin issuers
The BoE published its draft Code of Practice for systemic stablecoins on June 22, replacing proposed individual holding caps with a £40 billion per-coin issuance guardrail and raising the permitted share of interest-bearing backing assets from 60% to 70%.Cryptopolitan
Mon, Jun 22
Ethereum's funding gap spurs proposal to redirect up to 10% of validator rewards
Kleros founder Clément Lesaege has shared a governance proposal on the Ethereum Research forum to fill the funding gap that the Ethereum Foundation’s austerity era has opened, proposing that validators send between 0% and 10% of their staking income toward shared infrastructure projects. Cryptopolitan previously reported on the scale of the cashflow problem facing the...Cryptopolitan
Mon, Jun 22
Crypto Today: Bitcoin, Ethereum, XRP rise slightly as US-Iran peace talks make progress
Cryptocurrency prices are broadly rising on Monday, with Bitcoin (BTC) reclaiming support above $64,000. Ethereum (ETH) holds above $1,700 as bulls target a short-term breakout above $1,800. Meanwhile, Ripple (XRP) is back above $1.13 after testing the $1.12 support level.
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