Business

In brief Stripe says it will introduce stablecoin financial accounts in 101 countries. It has also launched an AI model trained on billions of transactions to improve performance. The company processed $1.4 trillion in payments last year, up 38% over 2023. Stripe is making a renewed push into crypto and artificial intelligence, unveiling a slate […]

In brief Strive Asset Management is adopting Bitcoin as a treasury reserve asset. The announcement caused Asset Entities’ stock price to soar 450%. Strive Asset Management has encouraged firms like GameStop to buy Bitcoin. Strive Asset Management, a financial services firm co-founded by Republican Ohio gubernatorial candidate Vivek Ramaswamy, unveiled plans on Wednesday to become

Key Takeaways Asset Entities and Strive Asset Management are merging to establish a public Bitcoin treasury company. The new entity will allow Bitcoin holders to exchange assets for public stock tax-free. Share this article Asset Entities, a technology firm specializing in social media marketing and content delivery across platforms, announced today it has entered into

In brief Movement Labs has fired co-founder Rushi Manche after a 66 million MOVE token dump triggered a governance crisis. New entity Move Industries now leads the project with Torab Torabi as CEO and Will Gaines as President. MOVE is trading at $0.1606, down over 34% this week following the fallout. Ethereum layer-2 startup Movement

In brief DeFi Development Corp. added more than 80,000 SOL in its latest purchase, valued at $11.2 million. The company now owns more than 400,000 SOL in total, valued around $58 million. On Monday, the firm announced it had acquired an unnamed Solana validator business. Publicly traded AI-powered real estate software company DeFi Development Corp.

In brief The UK has no plans to launch a national digital asset reserve, according to the Economic Secretary for the Treasury. Emma Reynolds MP said that following the U.S. government’s lead in stockpiling Bitcoin is “not the plan for us.” Reynolds noted that the UK has formed a “senior official level working group” with

In brief OpenAI will convert its for-profit arm into a public benefit company, removing a cap on investor returns. The nonprofit will retain control, limiting CEO Sam Altman’s authority under an independent board. Microsoft, OpenAI’s largest investor, has not yet approved the restructuring and is still negotiating terms. OpenAI is removing limits on how much

In brief Riot Platforms sold 475 Bitcoin for $38.8 million in April to fund operations and avoid equity dilution. The sale follows Bitcoin’s April 2024 halving, which cut miner rewards by 50% and drove a 13% drop in Riot’s monthly production. Rising network difficulty and sub-ATH prices continue to squeeze miner margins, prompting broader industry

In brief -Semler Scientific bought 167 Bitcoins worth $16.2 million between April 30 and May 2.  -The purchase marks its third Bitcoin buy worth more than $10 million in 10 days.  -The company, which began buying Bitcoin last year, is ramping up its strategy to amass tokens for its BTC treasury.  Semler Scientific snapped up