Dogecoin Hits 2-Month High as DOGE Mining Firm Plans to Go Public via Merger
In brief Shuttle Pharmaceutical Holdings agreed to acquire United Dogecoin in a merger backed by $11 million PIPE financing. The combined company plans to deploy...
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Bakkt completes acquisition of stablecoin payments firm Distributed Technologies Research
Digital asset company Bakkt completed its acquisition of stablecoin infrastructure firm Distributed Technologies Research (DTR) through an equity-based transaction as part of its bid to...
MoonPay buys crypto security firm Sodot in $100M push into institutional crypto
Crypto payments platform MoonPay is launching an institutional unit after acquiring Sodot, an Israeli crypto security infrastructure provider. MoonPay on Wednesday announced the acquisition of...
MoonPay Launches Institutional Division, Acquires Crypto Key Management Firm Sodot
In brief MoonPay acquired Sodot, a crypto key management infrastructure company, in an all-stock deal reportedly worth about $100 million. The acquisition forms the foundation...
IREN Price Target Cut as Bernstein Sees Firm Dumping Bitcoin Mining for AI
In brief Bernstein cut IREN’s price target from $125 to $100 amid Bitcoin mining scale-down and share dilution, while keeping an Outperform rating. IREN is...
Top Law Firm Admits to AI ‘Hallucinations’ in Bankruptcy Filing Tied to Alleged Scam Network
In brief Law firm Sullivan & Cromwell has admitted that a recent filing in a high-profile case included AI “hallucinations.” The firm said AI output...
American Bitcoin Shares Spike After Trump-Backed Firm Activates 11K BTC Miners
In brief American Bitcoin Corp. completed activation of approximately 11,298 Bitcoin miners at its Drumheller facility in Alberta, Canada. The deployment added 3.05 EH/s of...
US law firm apologizes after AI hallucinations made it to a legal filing
Sullivan & Cromwell’s Andrew Dietderich said the company has AI policies to prevent incorrect citations and other errors, but procedures weren’t followed on this occasion....
Tokenization firm KAIO raises $8m from Tether to scale on-chain funds
KAIO raises $8m from Tether to bring BlackRock‑style funds onchain with $100 tickets. Summary Tether leads $8m strategic round into Abu Dhabi-based tokenization platform KAIO...
UK Gas Firm Faces Pushback Over Plans to Mine Bitcoin
In brief Reabold Resources is “exploring the potential” to use its new gas field site to power a Bitcoin mining operation. The firm initially received...