Circle has introduced cirBTC, a new wrapped Bitcoin asset on Ethereum, backed 1:1 by segregated Bitcoin custody and verified via Chainlink Proof of Reserve for transparency. Issued through Circle's Bermuda-regulated entity, cirBTC aims to appeal to institutional investors seeking clear custody and compliance standards. The asset enters a competitive market dominated by WBTC and Coinbase's cbBTC, with its success hinging on gaining liquidity and integration into major DeFi platforms. Circle leverages its existing stablecoin infrastructure to build trust and adoption for cirBTC in decentralized finance.
Capital B purchased an additional five Bitcoin for €280,000, increasing its total Bitcoin holdings to 3,145 BTC. The company funds its Bitcoin accumulation strategy through equity issuance, recently raising about €301,460 by issuing new shares. Despi...
AmpliTech Group withdrew its previous $50 million revenue target for 2026, citing timing delays though no order cancellations. The analyst lowered the 2026 revenue estimate to $35 million and adjusted the 2028 fair value to $6.70 per share, still exp...
Ferrari's first all-electric car, the Luce, sold for $40 million at a charity auction during Monterey Car Week, far exceeding its $1.1 million estimate. This sale set a new record for the highest price paid for a new car at auction, with proceeds goi...
Alibaba Group is selling its video game division, Lingxi Games, to Trustar Capital for over $1.5 billion as part of a strategic shift to prioritize artificial intelligence and cloud computing. This move aligns with CEO Eddie Wu's plan to shed non-cor...
Rocket Lab successfully launched eight customized Lightning satellites on August 15 from Cape Canaveral to replenish Globalstar's communications constellation. These satellites, part of a $143 million contract with MDA Space, will enhance Globalstar'...
