MatX, a chip startup founded by two former Google hardware engineers, has raised a $500 million Series B led by Jane Street and Situational Awareness, an investment fund formed by former OpenAI researcher Leopold Aschenbrenner. The company’s goal is to make its processors 10 times better at training LLMs and delivering results than Nvidia’s GPUs. Other investors in the round include Marvell Technology, NFDG, Spark Capital, and Stripe co-founders Patrick Collison and John Collison, the startup’s founder and CEO Reiner Pope announced Tuesday in a post on LinkedIn. Although the company didn’t release its latest valuation, Etched, MatX’s closest…
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Tech giants’ efforts to ramp up AI adoption in India may be about to hit a turning point, as companies end free promotions with hopes to convert the world’s fourth-largest economy into a windfall of paid subscribers. India became the world’s largest market for generative AI app downloads in 2025, according to market intelligence firm Sensor Tower, widening its lead over the U.S. as installs jumped 207% year-over-year. Companies including OpenAI, Google, and Perplexity rolled out extended free premium offers to accelerate user growth in the price sensitive market. Leading AI firms have also backed India in its push to…
Aayush Jindal is a well-known name in the world of financial markets, whose expertise spans over 15 illustrious years in the field of Forex and Cryptocurrency trading. Known for his unparalleled proficiency in providing technical analysis, Aayush is a trusted advisor and senior market expert for investors around the world, guiding them through the complexities of modern finance with his keen insight and keen chart analysis. From an early age, Aayush showed a natural talent for deciphering complex systems and unraveling patterns. Driven by his insatiable curiosity to understand market dynamics, he embarked on a journey to become one of…
The White House has confirmed that President Trump will not grant clemency to Sam Bankman-Fried, the disgraced founder of the collapsed crypto exchange FTX, Fortune reported Tuesday. The confirmation, delivered by a White House official, reinforces Trump’s previously stated opposition to freeing the imprisoned crypto executive. In an interview with The New York Times in January, Trump ruled out pardoning Bankman-Fried after granting clemency to prominent figures such as Changpeng Zhao, co-founder of Binance, and Arthur Hayes, co-founder of BitMEX. Bankman-Fried is attempting to secure a presidential pardon by publicly aligning himself with Trump. In recent weeks, he has posted…
Terraform lawsuit vs Jane Street puts Terra Classic (LUNC) in focus. Terra Classic (LUNC) shows technical resilience, eyeing $0.00003925 short-term. 2026 price range is expected to be between $0.0000242 and $0.000510. The price of Terra Classic (LUNC) has been under the spotlight as legal tensions surrounding its parent company, Terraform Labs, continue to unfold. Investors are watching closely after news emerged that the administrator overseeing the wind-down of Terraform Labs has sued trading firm Jane Street. The lawsuit alleges the trading firm used non-public information from Terraform insiders to profit ahead of the collapse of TerraUSD in May 2022. This…
On Monday, creative suite maker Canva announced the dual acquisition of startups Cavalry, which works on animation, and Mango AI, which works on improving ad performance. UK-based Cavalry works on 2D motion animation for different verticals such as advertising, marketing, gaming, and generative art. Canva said that Cavalry’s tooling will add to the existing capabilities of Affinity, Canva’s professional creative editing suite for photos, vectors, and layouts, which it acquired in 2024 Canva revamped Affinity’s design last year and made it free for all users. The company said that since then, people have downloaded the software over five million times.…
XRP is facing one of its most difficult phases in years, with price trends, on-chain data, and derivatives activity showing the market is under pressure. Related article: Are you ready for a 443% Dogecoin move?Memecoin reaches historic explosion levels After weeks of steady decline, the token has now posted its steepest weekly decline since 2022, sparking renewed debate among analysts as to whether this decline signals the beginning of a deeper correction or the later stages of a broader market consolidation. XRP is currently trading around the $1.33 to $1.36 range, down about 30% in the last month and more…
Bitmine Immersion Technologies (BMNR), the largest Ethereum treasury led by Thomas “Tom” Lee, reported today that its Ethereum holdings have reached 4.4 million coins, valued at approximately $8.5 billion. With a current stake of about 3.7% of Ethereum’s circulating supply, Bitmine is steadily progressing toward its 5% target, completing 74% of its intended accumulation. Lee said in a statement that Bitmine would stay focused on a disciplined accumulation of Ethereum despite a pullback in prices. He noted that the current market is an opportunity given ETH’s growing utility and adoption. “In the midst of this ‘mini crypto winter,’ our focus…
Rongchai Wang Feb 23, 2026 02:11 Binance data shows BNB holders who participated in Launchpool and airdrops from Jan 2024 to March 2025 earned $553 per token from a $313 starting investment. Holding a single BNB token on Binance from January 2024 through March 2025 generated combined returns of 177%, according to new data published by the exchange. That works out to roughly 11.8% monthly—numbers that would make most traditional asset managers jealous.The breakdown tells an interesting story about passive crypto income. BNB’s price climbed from $313 to $640 during the period, delivering 104% appreciation on its own. But the…
With an eye toward luring more AI investment to the country, India is hosting a four-day AI Impact Summit this week that will be attended by executives from major AI labs and Big Tech, including OpenAI, Anthropic, Nvidia, Microsoft, Google, and Cloudflare, as well as heads of state. The event, which expects 250,000 visitors, will see Alphabet CEO Sundar Pichai, OpenAI CEO Sam Altman, Anthropic CEO Dario Amodei, Reliance Chairman Mukesh Ambani, and Google DeepMind CEO Demis Hassabis in attendance. India’s prime minister, Narendra Modi, is scheduled to deliver a speech with French President Emmanuel Macron on Thursday. Here are…