finance
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Arizona has enacted House Bill 2749, establishing a state-managed Bitcoin and Digital Assets Reserve Fund. Governor Katie Hobbs signed the bill into law on May 7, 2025, permitting the state to hold unclaimed digital assets, such as cryptocurrencies, in their native form rather than liquidating them. The law also allows the state to stake these…
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Cango Inc. has finalized a $352 million agreement to divest its Chinese auto-financing business to Ursalpha Digital Limited, a company linked to Bitmain’s affiliate, Antalpha. This transaction marks Cango’s full transition into Bitcoin mining operations. The deal includes an upfront payment of $210.6 million, with the remaining amount contingent upon meeting specific tax obligations and…
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Apple aims to assemble all iPhones sold in the United States at Indian plants by the end of 2026. Executives briefed on the plan said output from Foxconn’s new $2.6 billion factory in Bengaluru and Tata Electronics’ expanded Hosur site will scale Indian production beyond 80 million units annually, eclipsing China for US supply. India currently produces about 18 percent of…
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Alphabet’s board authorized repurchasing up to $70 billion of Class A and Class C shares after posting first‑quarter profit of $2.81 per share on revenue of $90.23 billion, according to Reuters, boosting market value by roughly $75 billion. google, alphabet, share buyback, $70 billion, stock repurchase, investors, The company pointed to ad revenue growth of 8.5 percent to $66.89 billion and reaffirmed its AI‑driven capex guidance of $75 billion for 2025, underscoring confidence in search and…
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Michael Hartnett, Chief Investment Strategist at Bank of America, has indicated that the United States is no longer the primary growth engine of the global economy. This perspective reflects shifting investor sentiment and a reevaluation of the U.S.’s role in driving global economic expansion. Hartnett’s analysis suggests that the era of U.S. economic exceptionalism is…
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the People’s Bank of China (PBOC) has referred to Bitcoin as an “investment alternative,” signaling a change from its previous stringent stance on cryptocurrencies. This development was highlighted during the Boao Forum for Asia, where Li Bo, then deputy governor of the PBOC, acknowledged the potential of digital assets in the investment landscape. Historically,…
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Twenty One, a technology startup specializing in AI-driven logistics solutions, announced plans to go public through a merger with Cantor Equity Partners’ Special Purpose Acquisition Company (SPAC), Cantor Equity Partners Acquisition Corp. (Nasdaq: CEP). The deal values Twenty One at approximately $1.2 billion, with the transaction expected to close in early 2024 pending regulatory approvals.…
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The U.S. dollar’s share in global payments has reached nearly 50%, marking its highest level in over 12 years, according to data from Macrobond. This resurgence underscores the greenback’s enduring dominance in international finance, despite ongoing discussions about de-dollarization efforts. In January 2025, the dollar accounted for 50.2% of global transactions processed through the…
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Gold surged past $3,500 per ounce Monday, setting a fresh all-time high as investors fled a slumping dollar and intensifying U.S. political risk. According to Reuters, spot prices touched $3,500.05 before holding above $3,420 in late trade. Safe-haven demand spiked after President Donald Trump’s latest public challenge to Federal Reserve Chair Jerome Powell over interest-rate…
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President Donald Trump has escalated his criticism of Federal Reserve Chair Jerome Powell, suggesting he has the authority to remove Powell from his position. In a recent statement, Trump remarked, “If I want him out, he’ll be out of there real fast, believe me.” This comment follows a series of public attacks on Powell, including…
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Palantir Technologies has secured a significant defense contract with NATO, finalizing the acquisition of its AI-powered Maven Smart System NATO (MSS NATO) for deployment within NATO’s Allied Command Operations. The agreement, completed on March 25, 2025, is considered one of the fastest procurement processes in NATO’s history, taking only six months from outlining the requirement…
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Joe Lonsdale, co-founder of Palantir and founding partner of 8VC, recently appeared on CNBC’s ‘Squawk Box’ to highlight his perspectives on a national crypto reserve, citing concerns about the volatility and regulatory challenges associated with cryptocurrencies. Lonsdale also addressed the recent dismantling of the U.S. Agency for International Development (USAID) under the Trump administration’s Department…
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