Bullish, a digital asset exchange, has committed $100 million in financing to USD.AI to support a novel lending model where loans are backed by NVIDIA GPUs. This builds on Bullish's earlier $4 million equity investment and involves non-recourse loans secured by GPU hardware with loan-to-value ratios capped at 80%. USD.AI uses a two-token on-chain system, offering synthetic dollars and yield-bearing tokens, with over $100 million in GPU-backed loans originated and a pipeline exceeding $1.2 billion. This innovative approach could reshape asset-backed lending in the AI era.
IREN Limited is transitioning from Bitcoin mining to AI cloud computing, facing significant execution risks. In Q4 2026, the company reported revenue declines and large net losses due to mining asset impairments and upfront AI hiring costs. Despite s...
Callaway Golf Company (CALY) is rated a 'strong buy' due to its attractive valuation, strong balance sheet, and growth after divesting Topgolf. In Q2, revenue rose to $612.2 million, net income jumped to $75.8 million, and EBITDA expanded to $124.9 m...
Anthropic's initial public offering (IPO) is now expected in October rather than September, according to prediction markets and recent reports. The AI firm gained a legal victory against the Pentagon over a 'supply chain risk' label, boosting its pro...
An analyst associated with CryptoQuant reported a significant withdrawal of 231 million XRP tokens from Binance in a single day, valued between $330 million and $335 million. This large movement has sparked speculation about potential market impacts ...
Venezuela is considering leaving OPEC, which could weaken the cartel's influence and open its vast oil reserves to U.S. companies. Chevron is well-positioned with existing operations and recent stake increases in Venezuelan oil ventures, giving it a ...
