IREN awarded a $700 million stock package to its co-CEOs, Daniel and William Roberts, as the company pivots from Bitcoin mining to AI infrastructure. The package includes 18.2 million restricted stock units vesting over four years, designed to retain leadership through 2033. Despite the founders holding just 2.3% equity each, they control nearly 44% of voting power, which will expire in 2033. Investors reacted negatively, with shares dropping 10%, and critics argue the award is large relative to future earnings and lacks performance conditions. IREN defends the move as key to supporting its long-term AI growth strategy.
On July 4, 2026, Ripple joined America250's Giving 4th campaign by pledging to match donations up to $10,000 in XRP to support the Call of Duty Endowment, which helps veterans find civilian jobs. Donors can contribute cash, stock, or cryptocurrency i...
SK Telecom announced plans to build an AI data center with a total capacity of 15GW, starting with 5GW to be activated in stages from 2029. This project aims to position Korea as a leading AI infrastructure hub in Asia, leveraging SK Group's full-sta...
Memecoin BONK surged over 10% in 24 hours with a 152% spike in trading volume, showing strong speculative interest as Bitcoin neared $64,000. Despite a longer-term bearish trend, BONK bounced 27.88% from its June low and is challenging a local resist...
The TRUMP meme coin has left nearly one million investors facing a combined $3.81 billion in unrealized losses after its price dropped about 98% from its January 2025 peak. The token surged to $73.43 shortly after launch but quickly collapsed, illust...
Dogecoin is approaching a rare technical indicator called a weekly death cross, where the 50-week moving average may fall below the 200-week moving average. This signal has not appeared on Dogecoin's weekly chart since February 2023 and is considered...
