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Citigroup is considering offering custody services for stablecoin and crypto ETF collateral, exploring stablecoins as a viable option to improve payment systems.
Share link:In this post: Tesla’s sales in Norway have surged despite growing discontent among Norwegians regarding Elon Musk’s political stance. SpaceX’s BTC holdings have crossed the $1 billion mark again. Tesla’s deep ties in Norway influence its consistent sales numbers, but it is slowly losing its dominance as more rivals make headway.
Share link:In this post: Elon Musk says Google currently has the highest probability of leading AI due to its compute and data advantage. Google will invest $9 billion in Oklahoma to expand AI and cloud infrastructure over the next two years. The plan includes a new Stillwater data center campus and expansion of its Pryor facility.
Share link:In this post: Hon Hai Precision Industry (Foxconn) reported a 27% increase in Q2 profits, driven by sales in its AI server business. The company reported a net income of NT$44.36 billion for the period, surpassing an average analyst projection of NT$36.14 billion. It also expects significant growth in Q3 and the rest of the year.
Share link:In this post: US PPI jumped 3.3% in July, the highest annual gain since February. Monthly PPI rose 0.9%, blowing past the 0.2% forecast. Service costs surged, led by machinery wholesaling and portfolio fees.
Share link:In this post: The EU is preparing a 19th sanctions package against Russia, targeting next month for adoption. Trump will meet Putin in Alaska without Zelenskyy, raising concern among European and Ukrainian officials. Trump warned of “very severe consequences” if Putin refuses to pursue a ceasefire.
- 01:45A certain whale address increased its holdings by 1,030 BTC worth $114 millions after being dormant for 3 months.According to Jinse Finance, OnchainLens monitoring shows that after being dormant for 3 months, a certain whale address received 1,030 BTC from FalconX, worth $114.35 million.
- 01:41Poly Group: Has not organized or participated in any business or activities related to Hong Kong stablecoins or stablecoin fundsChainCatcher news, according to a report by Sina Finance, China Poly Group has issued a statement regarding recent online rumors about the "Hong Kong Poly Stablecoin," "Poly Stablecoin Fund," and related entities. The statement clarifies that Poly Group and its subsidiaries have not organized or participated in any business or activities related to Hong Kong stablecoins or stablecoin funds. The companies registered in Hong Kong as "Poly Digital Industry Group Limited," "Poly Digital Asset Limited," and "Poly Digital Asset Issuance Limited" have no equity or affiliation with Poly Group or its subsidiaries, nor do they have any investment, cooperation, or business relationships. All their actions are unrelated to Poly Group. Poly Group reminds all sectors of society to remain vigilant, carefully distinguish information, and exercise caution when engaging in investment cooperation. If any illegal or criminal activities are discovered, please report to the public security authorities as soon as possible.
- 01:41AI infrastructure company Crusoe completes initial $1.375 billion Series E fundraising, with participation from Franklin Templeton and othersAccording to ChainCatcher, AI infrastructure company Crusoe has announced the initial closing of its $1.375 billion Series E funding round, co-led by Valor Equity Partners and Mubadala Capital, with participation from 137 Ventures, 1789 Capital, Activate Capital, Altimeter Capital, Fidelity Management & Research Company, Founders Fund, Franklin Templeton, among others. The new funds will be used for the construction of its data centers. Previously, Crusoe had ventured into the bitcoin mining business and received investments from several crypto industry companies, but in March this year, it sold its bitcoin mining business to NYDIG.