Fold Holdings sold $45 million in Bitcoin to repay $66.3 million in convertible debt, freeing 521 BTC previously locked as collateral. Despite the sale, Fold maintains a substantial Bitcoin treasury of about 1,492 BTC valued at $95 million and secured a $45 million credit facility using Bitcoin as collateral. The company’s strategy focuses on using debt and equity facilities to fund Bitcoin purchases while growing its Bitcoin rewards credit card business, which generated $31.8 million in revenue in 2025. This move improves Fold’s balance sheet and operational flexibility, signaling confidence in continued Bitcoin accumulation and growth.
Oil prices are rising sharply due to renewed US naval blockades on Iranian shipping and increased tensions in the Strait of Hormuz, a critical oil transit route. Brent crude is holding above $85 and WTI above $80, with forecasts suggesting WTI could ...
The US government announced it will impose a new 25% tariff on Brazilian ethanol starting next Wednesday, accusing Brazil of unfair trade practices. This tariff excludes major Brazilian exports like oil, beef, coffee, and aircraft parts. The move fol...
Alibaba and Baidu shares rose after Apple received approval from China's Cyberspace Administration to include Apple Intelligence, integrating Alibaba's Qwen AI model and Baidu's AI features into Apple devices in China. This partnership allows users t...
Ondo Finance has introduced the first tokenized stock representations backed by DTCC tokenized entitlements, joining major financial firms in a significant tokenization initiative. This move highlights Ondo's unique position in building infrastructur...
Leading Japanese companies, startups, and research institutions are developing specialized AI models using NVIDIA Nemotron open models to address Japan's unique language, industrial, and workforce challenges. These AI applications range from enterpri...
