Key Takeaways SBI Holdings expects to launch Japan’s first crypto ETFs, focusing on XRP, Bitcoin, and a blended ‘Digital Gold’ ETF. The crypto ETF will provide investors with direct exposure to both XRP and Bitcoin via traditional financial instruments. Share this article SBI Holdings, Japan’s financial conglomerate with active operations in banking, securities, asset management, and fintech, has floated plans to introduce Bitcoin and XRP exchange-traded funds (ETFs) on the Tokyo Stock Exchange, subject to forthcoming regulatory changes.In its latest financial results presentation, SBI has outlined two proposals designed to capture the growing demand for digital asset management and take…
Author: admin
Key Takeaways Changpeng Zhao filed a motion to dismiss a $1.7 billion lawsuit filed by an FTX trust related to a share repurchase agreement. The lawsuit alleges Binance and its executives received improper funds, but Zhao contests US jurisdiction and claims legal deficiencies. Share this article Changpeng “CZ” Zhao, the co-founder of Binance, has filed a motion to dismiss a lawsuit from FTX’s bankruptcy estate, which is seeking to claw back $1.7 billion tied to a 2021 share repurchase agreement, according to a new report from Bloomberg Law.In November 2024, FTX’s bankruptcy estate sued Binance and CZ, alleging that their…
Bitcoin prices rebounded again after first colliding with $112,000 in crash drop. This was spurred by profitability as digital assets rose to levels not seen before in July 2025. However, this recovery does not mean that Bitcoin is completely out of the water, especially given the fact that it has been pulled back to what is considered bearish at this point. Bearish FVG can crash Bitcoin prices In the analysis, crypto analyst Kamran Asghar revealed that Bitcoin retrace has returned to a bearish fair value gap (FVG) and is temporary and short-lived. This is where, after a small bounce from…
Key Takeaways OpenAI is considering a secondary stock sale at a valuation of about $500 billion, a two-thirds increase from its last valuation. Microsoft remains the primary investor holdout as OpenAI discusses its future as a for-profit entity and talent retention challenges. Share this article OpenAI is exploring a multi-billion-dollar secondary stock sale that could increase its valuation to nearly $500 billion, Bloomberg reported Tuesday. Last Friday, the AI giant, led by Sam Altman, was said to have secured over $8 billion in its latest funding round, boosting its valuation to $300 billion. The company plans to raise a total…
Key Takeaways Bitcoin Indonesia representatives discussed Bitcoin’s potential as a sovereign reserve and its role in financial resilience with the Indonesian Vice President’s office. The meeting emphasized the need for national-level Bitcoin education and presented Michael Saylor’s Bitcoin price projections for 2045. Share this article Representatives from Bitcoin Indonesia, one of the country’s largest Bitcoin communities, met with Indonesian Vice President Gibran Rakabuming Raka’s office to discuss how Bitcoin could support the country’s long-term economic strategy, according to a Tuesday announcement. BIG NEWS: 🇮🇩 Indonesia is exploring Bitcoin as a national reserve. We were invited to the Vice President’s office…
Google DeepMind has revealed Genie 3, its latest foundation world model that can be used to train general-purpose AI agents, a capability that the AI lab says makes for a crucial stepping stone on the path to “artificial general intelligence,” or human-like intelligence. “Genie 3 is the first real-time interactive general-purpose world model,” Shlomi Fruchter, a research director at DeepMind, said during a press briefing. “It goes beyond narrow world models that existed before. It’s not specific to any particular environment. It can generate both photo-realistic and imaginary worlds, and everything in between.” Still in research preview and not publicly…
Finding product-market fit isn’t a milestone — it’s a messy, make-or-break journey. And at TechCrunch Disrupt 2025, a founder who’s been through the fire and two investors who’ve helped startups hit escape velocity will break down how to do it right. On the Builders Stage, Rajat Bhageria (Founder & CEO, Chef Robotics), Ann Bordetsky (Partner, NEA), and Murali Joshi (Partner, ICONIQ) join forces to unpack the most critical — and elusive — phase in a startup’s life cycle. They’ll dive into smart testing strategies, real-time iteration, and how to listen to your users without getting lost in the noise. Don’t…
The semiconductor industry’s rollercoaster year continues with another major development. President Donald Trump said on CNBC’s Squawk Box on Tuesday that his administration is planning to announce tariffs on semiconductors and chips as soon as next week. However, the specifics of these tariffs remain unclear. Such tariffs could cause quite a disruption for U.S. hardware and AI companies. When the U.S. CHIPs and Science Act was signed in 2022 — providing $52 billion in subsidies to boost domestic chip manufacturing — the U.S. produced only about 10% of global chips. Despite this small manufacturing footprint, more than half of global…
Key Takeaways Brazil’s lower house will hold its first hearing on a national Bitcoin reserve on August 20, 2025. Bill 4501/2024 proposes Brazil diversify its assets with Bitcoin and other digital assets. Share this article Brazil’s Chamber of Deputies, the lower house of Brazil’s National Congress, has scheduled its first public hearing to discuss the creation of a Strategic Sovereign Bitcoin Reserve for August 20, 2025, according to an official agenda from the Economic Development Committee (CDE).The hearing will explore the possibility of Brazil creating a national Bitcoin reserve through Bill 4501/2024. It was requested by Federal Deputy Luiz Philippe…
Cognition, the AI coding startup that acquired rival company Windsurf three weeks ago, laid off 30 employees last week and is offering buyouts to the roughly 200 remaining employees on the team, reports The Information. This is the latest bout of whiplash that Windsurf employees have faced after a tumultuous stretch for the company. The startup was initially almost acquired by OpenAI, then lost its CEO, co-founder, and research leads to Google in a $2.4 billion deal known as a reverse-acquihire (where Google hired the key talent rather than buying the company), before ultimately getting acquired by Cognition. At the…