Bitget, a major crypto exchange, experienced net outflows exceeding $900 million over a seven-day period, indicating significant asset withdrawals from its reserve wallets. While such outflows can reflect user withdrawals for various reasons like profit-taking or moving assets to self-custody, they raise concerns about exchange liquidity and user confidence. Bitget has previously reported strong reserve ratios above 100%, suggesting the outflows do not necessarily indicate insolvency. Market watchers will monitor if this outflow trend continues or stabilizes, alongside any public statements from Bitget and withdrawal processing status.
The US government is actively negotiating to take equity stakes in AI companies like OpenAI and Anthropic ahead of their planned IPOs, following a precedent set by its investment in Intel. This move aims to give the public a share in AI-driven growth...
Trulieve Cannabis Corp. made history by becoming the first U.S. cannabis company to list on the New York Stock Exchange under the ticker TRLV. This milestone was enabled by the Trump administration's reclassification of cannabis to Schedule III for m...
Helius, a Solana infrastructure company, has acquired Light Protocol to develop advanced privacy solutions on the Solana network. The acquisition aims to integrate Light Protocol's zero-knowledge cryptography expertise with Helius's infrastructure to...
Arbitrum is set to release 92.65 million ARB tokens worth $7.6 million on June 16, a move that highlights the platform's struggle to convert network activity into token holder value. Despite strong fundamentals and high transaction volumes, Arbitrum'...
West Fraser Timber Co. Ltd. announced a quarterly dividend of US$0.32 per share on its Common and Class B Common shares. The dividend will be paid on July 13, 2026, to shareholders of record as of June 25, 2026. Shareholders have the option to receiv...
