Business

CoreWeave collapse raises fears of cracks in AI infrastructure boom

Business / Leave a Comment

CoreWeave (CRWV) has seen its stock price fall more than 60% from its June record high amid growing concerns that the AI ​​infrastructure boom has reached its peak. New details reported Tuesday by The Wall Street Journal highlight how fragile construction has become as operational delays collide with significant debt and tighter credit conditions. Investors […]

CoreWeave collapse raises fears of cracks in AI infrastructure boom Read More »

Hong Kong’s RedotPay raises $100 million Series B to promote global stablecoin payments

Business / Leave a Comment

Hong Kong-based payments fintech RedotPay has raised $107 million in a Series B round as it expands stablecoin-powered payments to more than 100 countries, betting that blockchain rails can compete directly with traditional cross-border finance. The oversubscribed funding round, led by Goodwater Capital with participation from Pantera Capital, Blockchain Capital and Circle Ventures, brings RedotPay’s

Hong Kong’s RedotPay raises $100 million Series B to promote global stablecoin payments Read More »

Filecoin (FIL) Falls on Above-Average Volume and Falls Below $1.30 Support Amid Broader Downside

Business / Leave a Comment

Filecoin SON$1.2760 fell 4.2% to $1.28 on Tuesday amid significant volatility as traders caused sharp reversals during a broader market decline, according to CoinDesk Research’s technical analysis model. The model showed that the decentralized storage token established a bearish price trend with a range of $0.08 representing 6.3% volatility. Volume was 12.75% higher than the

Filecoin (FIL) Falls on Above-Average Volume and Falls Below $1.30 Support Amid Broader Downside Read More »

Prepare for Volatility as US Jobs Data Looms: Crypto Daybook Americas

Business / Leave a Comment

By Omkar Godbole (All times ET unless otherwise noted) Crypto traders are bracing for potential volatility as the crucial US nonfarm payrolls report for November is set to be released later today alongside October retail sales. Jobs data will offer deeper insight into the extent to which the U.S. labor market is cooling, shaping expectations

Prepare for Volatility as US Jobs Data Looms: Crypto Daybook Americas Read More »

KindlyMD (NAKA) faces risk of delisting from Nasdaq after its shares traded below $1 for 30 consecutive days

Business / Leave a Comment

Kindly MD (NAKA), a healthcare and Bitcoin treasury company, is at risk of being delisted from the Nasdaq exchange after its stock price failed to meet minimum listing requirements. The stock has closed below $1 for 30 consecutive trading days, and the company has until June 8 to raise it above that level for 10

KindlyMD (NAKA) faces risk of delisting from Nasdaq after its shares traded below $1 for 30 consecutive days Read More »

BTC hash rate sees biggest halving since 2024 amid China machine shutdowns

Business / Leave a Comment

Bitcoin BTC$86,351.21 The 30-day simple moving average (SMA) hashrate saw its biggest decline since the April 2024 halving, according to Matthew Sigel, head of digital asset research at VanEck. The Bitcoin hashrate measures the total computing power securing the network. Former Canaan President Jack Kong said in an article on X that up to 400,000

BTC hash rate sees biggest halving since 2024 amid China machine shutdowns Read More »

Scroll to Top