Bitcoin fell about 3.3% to around $62,229, nearing the $60,000 level due to concerns over Strategy Inc.'s funding model and rising interest rate expectations. Strategy's preferred stock (STRC), used to raise capital for Bitcoin purchases, has traded below its $100 par value since mid-May, signaling stress in the company's capital structure. This raises doubts about Strategy's ability to continue buying Bitcoin, especially after recent bond buybacks and a small Bitcoin sale by CEO Michael Saylor. The uncertainty is pressuring Strategy's shares and spilling over into the broader crypto market, with Ether and Solana also struggling amid a tougher environment for risk assets.
Bronstein, Gewirtz & Grossman, LLC has opened an investigation into Gildan Activewear following a report accusing the company of inflating revenues by channel stuffing and obscuring financial details through off-balance sheet receivables. The report ...
Mink Ventures Corporation has begun phase 2 of its 2026 drilling program at the Warren nickel-copper-cobalt project in Ontario, targeting two new VTEM geophysical anomalies. The company also expanded its Montcalm project by staking an additional 4 km...
The Munich District Court ruled in favor of Infineon Technologies, prohibiting Chinese company Innoscience from manufacturing, selling, and marketing products that infringe Infineon's patented gallium nitride (GaN) technology in Germany. This marks I...
Miduoduo, China's fifth-largest cross-border e-commerce marketing service provider, has filed for an IPO in Hong Kong despite recent losses attributed to business shifts. The company’s revenue nearly doubled last year, driven by a new partnership wit...
Ondas Inc. announced it will acquire Cyberhawk for approximately $125 million, primarily in cash, with the deal expected to close in Q3 2026 pending regulatory approval. Cyberhawk specializes in AI-powered inspection software and analytics for critic...
