On June 6, Bhutan's government transferred 738 bitcoins valued at about $44.88 million, continuing a series of sales that have significantly reduced its bitcoin reserves from a peak of 13,000 BTC in 2024. These sales are aimed at financing the Gelephu Mindful City, a key economic development project, and managing state expenses. Bhutan originally accumulated bitcoin through hydroelectric-powered mining rather than market purchases, making it a unique sovereign holder. The ongoing sales reflect a strategic shift as the kingdom converts mined bitcoin into liquid capital amid a pressured bitcoin market, with future sales and fund usage still uncertain.
NVIDIA announced that leading Japanese companies in robotics and manufacturing are adopting its Cosmos, Isaac, Metropolis, and Jetson platforms to accelerate AI-powered intelligent machines across industries. The new Cosmos 3 Edge model enables real-...
Oil prices are rising sharply due to renewed US naval blockades on Iranian shipping and increased tensions in the Strait of Hormuz, a critical oil transit route. Brent crude is holding above $85 and WTI above $80, with forecasts suggesting WTI could ...
The US government announced it will impose a new 25% tariff on Brazilian ethanol starting next Wednesday, accusing Brazil of unfair trade practices. This tariff excludes major Brazilian exports like oil, beef, coffee, and aircraft parts. The move fol...
Alibaba and Baidu shares rose after Apple received approval from China's Cyberspace Administration to include Apple Intelligence, integrating Alibaba's Qwen AI model and Baidu's AI features into Apple devices in China. This partnership allows users t...
Ondo Finance has introduced the first tokenized stock representations backed by DTCC tokenized entitlements, joining major financial firms in a significant tokenization initiative. This move highlights Ondo's unique position in building infrastructur...
