Ripple CEO Brad Garlinghouse criticized Strategy's chairman Michael Saylor's approach of acquiring Bitcoin through issuing preferred securities like STRC, arguing it relies too much on financial engineering rather than real-world utility. This criticism comes as Strategy's preferred shares have dropped about 25% below their $100 face value, and its common stock has weakened alongside Bitcoin's price decline. Garlinghouse emphasized that long-term value in crypto depends on practical blockchain use, not aggressive leveraged Bitcoin accumulation. The debate highlights tension in the crypto industry over funding models and the future focus of blockchain technology.
Sandisk and Kioxia announced plans to invest over $31 billion in their memory manufacturing facilities in Japan. This investment represents about 60% of what they have spent there over the past 25 years, signaling a major expansion in their productio...
EJ Antoni, chief economist at the Heritage Foundation, cautions that imposing tariffs on semiconductor imports now could increase chip prices before new US manufacturing plants are operational. With major US fabs like Micron's Boise facility not expe...
Pi Network's PI token surged to $0.11 following the announcement of the Protocol 26 upgrade on its Mainnet but quickly fell 18% to close at $0.09 as traders took profits. The token struggled to maintain gains above the key $0.10 resistance level, whi...
Marvell Technology has surged 188% this year and is poised for another significant move with a key earnings report approaching. The company raised its revenue outlook, driven by exceptional AI-related bookings and growth in custom silicon and interco...
Genpact has named Priya Vijayarajendran as Chief Product and Platform Officer to drive its transition from service delivery to owning scalable, IP-led agentic solutions. With her extensive background in AI and technology leadership at ASAPP, Microsof...
