Founders Fund-backed Layer 1 blockchain N1 has agreed to acquire decentralized derivatives platform 01 Exchange, bringing one of the largest applications built on its network under direct ownership as it prepares for the rollout of its next-generation blockchain infrastructure. The transaction is expected to close within the next six months and will be structured entirely
Nexo, a digital assets wealth platform, has launched the Nexo Card in Argentina alongside the appointment of Andres Ondarra as General Manager for Nexo Argentina. The company said the two developments mark the next phase of its expansion in a market with high levels of digital asset adoption. The Nexo Card allows users to spend
The race to challenge Nvidia’s dominance in artificial intelligence chips is entering a new chapter, with startups attracting billions of dollars in funding, Big Tech accelerating in-house chip development, and investors betting that the next phase of AI computing may not belong exclusively to graphics processing units. While Nvidia continues to dominate the market for
US President Donald Trump has reignited his long-running dispute with Spain by threatening to cut off trade with the country over its refusal to back NATO’s new defence spending target. He also broadened his criticism of European allies over their stance on the recent conflict with Iran. Speaking to reporters ahead of a meeting with
Oil prices surged on Wednesday after US President Donald Trump said the ceasefire between the United States and Iran was over, reigniting concerns over supply disruptions in the Middle East and prompting a broad rally in crude markets. West Texas Intermediate (WTI) futures rose 5.69% to $74.45 per barrel, while Brent crude climbed 5.85% to
US stocks opened lower on Wednesday after President Donald Trump said an interim agreement aimed at ending the conflict with Iran was “over,” triggering a broad risk-off move across global markets as oil prices surged and investors reassessed geopolitical risks. The Dow Jones Industrial Average fell about 509 points, or 0.96%, while the S&P 500
Cash Cat (CASHCAT) has surged by more than 1,400% in the past 24 hours, making it one of the best-performing cryptocurrencies in the market despite a broader crypto selloff. The rally has pushed the meme coin to a new all-time high of $0.1418 before easing to around $0.1202, adding to its 5,530% seven-day gains. What
Spot gold and silver traded lower ahead of the market open on Wednesday as renewed tensions between the United States and Iran lifted crude oil prices offsetting the traditional safe-haven appeal of precious metals. At the time of writing, spot gold was trading near $4,074.10 per ounce, down 0.75% on the session, while spot silver
Celestica stock has done well in the past few years, helped by the ongoing artificial intelligence (AI) boom. Its US stock has jumped by 125% in the last 12 months and by over 4,500% in the last five years. Its $40 billion valuation has made it one of the biggest Canadian companies. Celestica stock has
Plug Power stock extended its sharp sell-off this week, falling to its lowest level since April 2. The shares have plunged 45% from their highest level this year and have slipped below the 200-day moving average, while short interest remains elevated despite the company’s ongoing turnaround efforts. Rising short interest despite turnaround measures Plug Power,