Circle Internet Group raised $222 million in a private presale of its ARC token, valuing the new Arc blockchain at $3 billion. The funding round was led by Andreessen Horowitz with participation from major institutions like Blackrock, Apollo, and ICE, signaling strong traditional finance interest in stablecoin-native blockchain infrastructure. Arc is designed as a stablecoin-focused layer-one blockchain using USDC for transaction fees and aims to support AI-driven payments and tokenized assets. The Arc mainnet beta is planned for 2026, with a full transition to proof-of-stake by 2028, backed by multi-year investor lock-ups and repayment rights if milestones are missed.
Sodexo has secured a major global contract to provide catering services across more than 130 Meta sites in over 30 countries. This large-scale partnership includes diverse locations such as headquarters, campuses, data centers, and conference centers...
Frasers Group PLC has withheld financial guidance for the upcoming year due to uncertainty around its takeover bids for Hugo Boss and Accent Group. The retailer's full-year adjusted profit before tax fell 4% to £538 million, impacted by asset impairm...
Ethereum rose 3.17% to $1,923.53, outperforming Bitcoin's modest 0.18% gain to $64,588.87, signaling an early rotation toward large-cap altcoins. Despite this, overall market activity slowed, with declines in DeFi, stablecoin, and derivatives trading...
Gabriel Holding A/S has agreed to sell its European FurnMaster furniture manufacturing operations, including subsidiaries in Poland and Lithuania, to Leggett & Platt for an initial price of approximately EUR 9 million, with a possible additional paym...
A Gaza resident raised over £55,000 on GoFundMe to support his family but faced issues as the platform cannot pay directly to Gaza, forcing funds through intermediaries who failed to deliver the full amount. This highlights a broader problem in human...
