Group of 39 firms urge EU to fast-track DLT rules, warn of lagging the US
A group of European financial companies and industry bodies have urged European Union officials and lawmakers to fast-track changes to blockchain rules, warning the region risks falling behind the US in tokenized finance. In a joint letter on Tuesday, 39 signatories, including Nasdaq and Boerse Stuttgart, called on the European Commission and Parliament to carve
Robert Kiyosaki recommends Bitcoin, gold as 1974 shift comes full circle
“Rich Dad Poor Dad” author Robert Kiyosaki has argued that the economic shifts set in motion more than five decades ago are now unfolding, advocating for Bitcoin and gold while warning against rising debt, inflation and retirement risks. In a Saturday post on X, Kiyosaki pointed to 1974 as a turning point that reshaped both
‘Existential’ token problem seen as supply outpaces value creation: Blockworks exec
The rapid growth in the number of crypto tokens is outpacing the value they generate, creating an “existential” problem for the industry, according to Michael Ippolito, co-founder of Blockworks. In a series of posts on X, Ippolito noted that while total crypto market capitalization remains relatively strong, the average value per token tells a different
Nevada judge extends ban on Kalshi, rejects event contract defense
A Nevada judge has reportedly extended a ban preventing Kalshi from offering event-based contracts in the state, ruling that the products constitute unlicensed gambling under state law. Judge Jason Woodbury said at a hearing in Carson City on Friday that he will grant a preliminary injunction requested by the Nevada Gaming Control Board, barring the
Sam Altman’s World Foundation sells $65M in WLD as token hits new lows
Sam Altman’s World Foundation has raised $65 million through an over-the-counter (OTC) sale of its WLD token, which has hit new record lows. In a Saturday post on X, the foundation said its token issuance arm, World Assets, completed the sale to four counterparties over the past week, with the first tranche settling on March
Google plans to back $5B data center for Anthropic: Report
Google is preparing to support a multibillion-dollar data center project in Texas leased to Anthropic as competition for AI infrastructure accelerates. The project, operated by Nexus Data Centers, could exceed $5 billion in its initial phase, with Google expected to provide construction loans, Financial Times reported on Friday, citing people familiar with the matter. A
Warren probes China-based Bitmain over US security concerns: Report
Senator Elizabeth Warren has reportedly asked the US Commerce Department to explain how it is handling potential national security risks tied to Chinese crypto mining giant Bitmain, following previous reports that the firm has been under federal scrutiny. In a letter sent Thursday to Commerce Secretary Howard Lutnick, Warren requested documents and communications related to
Blackstone-owned AirTrunk secures record $1.24B loan for Tokyo AI data center
Hyperscale data center operator AirTrunk has secured a 191.6 billion Japanese yen ($1.24 billion) green loan to refinance and expand its TOK1 data center campus in the greater Tokyo area, marking what it described as the largest data center financing completed in Japan. The loan will support the next development phases of the TOK1 campus
Kalshi, Polymarket eye $20B valuations in potential fundraising: WSJ
Prediction market platforms Kalshi and Polymarket are reportedly exploring new fundraising rounds that could value the companies at around $20 billion each, roughly double their most recent valuations. Both platforms have held preliminary discussions with potential investors about raising fresh capital at the elevated valuation, the Wall Street Journal reported on Friday, citing people familiar
Grok delivers viral vulgar roasts of Musk, Netanyahu and Starmer
xAI’s chatbot Grok has sparked widespread buzz on X after delivering a series of explicit roasts targeting high-profile figures like Elon Musk, Israeli Prime Minister Benjamin Netanyahu and UK Prime Minister Keir Starmer. The exchanges began after users prompted Grok to produce “extremely vulgar” roasts of political leaders and public figures. The chatbot responded with