Key Takeaways Sequans plans to acquire 100,000 Bitcoin by 2030 as part of its long-term treasury strategy. The company is leveraging equity, debt, and intellectual property monetization to fund ongoing Bitcoin purchases. Sequans Communications, a Paris-based semiconductor company backed by the French government, announced Thursday its plans to acquire 100,000 Bitcoin by the end of 2030. The announcement comes after Sequans secured $384 million through debt and equity to start its Bitcoin treasury initiative. The company currently holds 3,171 Bitcoin, ranking it as the 22nd largest publicly traded corporate Bitcoin holder globally, according to BitcoinTreasuries.net. “Sequans has successfully completed the…
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Key Takeaways Google backs $1.8 billion TeraWulf AI project, gaining warrants for potential 8% stake. The deal includes $3.7 billion in contracted revenue and involves over 200 MW of AI-driven infrastructure development. Share this article American Bitcoin miner TeraWulf announced Thursday that it has entered into two 10-year high-performance computing (HPC) colocation agreements with AI cloud platform Fluidstack, backed by Google, which could see the tech giant become a major shareholder.Under the agreements, TeraWulf will provide more than 200 megawatts (MW) of critical IT load at its Lake Mariner data center campus in Western New York, a facility purpose-built for…
Bitcoin (BTC) yesterday created a fresh all-time high (ATH) that reached $124,474 on Binance before stabilizing around $118,000 at the time of writing. Meanwhile, BTC has seen a massive surge in bookings for Vinance, raising concerns about potential price corrections. Bitcoin reserves spikes in Binance: Time to worry? Binance’s Bitcoin Reserve has risen sharply in recent months, according to a cryptographic Quicktake post by the Arab Chain. The exchange holds the largest BTC reserve, supported by high liquidity and the largest trading volume in the market. Related readings From the end of July until today, the Binance-based BTC reserve rose…
The Trump administration continues to meddle with semiconductor giant Intel. The U.S. government is reportedly in discussions to take a stake in Intel, according to reporting from Bloomberg. This deal would be structured to help the company expand its U.S. manufacturing efforts, including its much-delayed Ohio chip factory. This news comes less than a week after President Donald Trump insisted that Intel CEO Lip-Bu Tan resign because of perceived conflicts of interest. While Trump didn’t provide a reason, this came after Republican U.S. Sen. Tom Cotton wrote to Intel’s board asking about Tan’s alleged ties to China. Tan met with…
Key Takeaways Citigroup is considering providing crypto custody services for stablecoins and crypto ETFs, signaling growing institutional interest. The bank aims to leverage stablecoins for faster and more efficient cross-border payments and settlements. Share this article Citigroup is exploring crypto custody services for stablecoins and the assets backing crypto exchange-traded funds (ETFs), according to a Reuters report. The move would put the bank in direct competition with established players like Coinbase, which currently dominates the ETF asset custody market.The renewed push into digital asset services follows the GENIUS Act, signed into law last July, which set federal rules for stablecoins.…
There aren’t many founders who can say they’ve steered the same company from scrappy startup to publicly traded platform while keeping their edge — but co-founder and CEO Aaron Levie isn’t most founders. At TechCrunch Disrupt 2025, happening October 27–29 at Moscone West in San Francisco, Levie joins us live on the Disrupt Stage to share how he’s kept Box innovating and relevant through two decades of tech cycles. He’ll unpack what reinvention really looks like inside a public company, what AI is changing (and not changing) in enterprise software, and why staying sharp means questioning everything — even your…
Google on Thursday announced a new AI-powered search tool to help travelers find flight deals — even as regulators continue to question whether the search giant’s dominance in travel discovery stifles competition. Called Flight Deals, the new tool is available within Google Flights and is designed to help “flexible travelers” find cheaper fares. Users can type natural language queries into a search bar — describing how and when they want to travel — and the AI surfaces matching options. These queries can be like “week-long trip this winter to a city with great food, nonstop only” or “10-day ski trip…
Key Takeaways Block positions its Proto Rig as a durable, repairable, and upgradeable alternative to today’s “disposable” mining machines. Proto Fleet will be free to use and available for deployment either on-premises or in the cloud. Share this article Jack Dorsey-led Block has unveiled Proto Rig, a first-of-its-kind modular Bitcoin mining system aimed at tackling the industry’s operational hurdles, and Proto Fleet, an open-source software platform for managing and optimizing mining operations, whether small or industrial-scale. “Proto Rig is an entirely new mining system,” said Thomas Templeton, Block’s hardware lead, in a livestream event held at Core Scientific’s facility in…
Cohere on Thursday announced that it had raised an oversubscribed $500 million round, bringing its valuation to $6.8 billion. This is up from the $5.5 billion valuation it landed a little over a year ago when it raised its previous round, also $500 million. Toronto-headquartered Cohere was one of the first breakout LLM model makers, founded in 2019 by co-founder Aidan Gomez, one of the authors of the “Attention is all You Need” paper that became the foundation of modern AI. But it has been a sleeper entrant in the AI model wars of late, dominated these days by OpenAI,…
As concerns over the emotional pull of general purpose LLM chatbots like ChatGPT grow by the day, Meta appears to be letting its chatbot personas engage in flirtatious exchanges with children, disseminate false information, and generate responses that demean minorities, according to reporting by Reuters. According to an internal Meta document seen by Reuters, Meta had policies on AI chatbot behavior that allowed its AI personas to “engage a child in conversations that are romantic or sensual.” Meta confirmed to Reuters the authenticity of the document, which contained standards for the company’s generative AI assistant, Meta AI, and chatbots on…