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Ocean Power Technologies expands into seabed energy with Columbia Wave IP acquisition

Market News
01 Aug 2026
Proactive Investors
View Source
Bullish
pluang ai news

Ocean Power Technologies has acquired the subsea wave power generating intellectual property portfolio from Columbia Wave Power, expanding its capabilities from surface maritime operations to seabed infrastructure. This move allows the company to power underwater sensors, robotics, and equipment, complementing its existing surface buoy systems. The acquisition supports a more comprehensive maritime monitoring solution, crucial for government clients like the US Coast Guard. Following a transformational FY26 marked by a major $6.5 million contract, the company aims to grow recurring revenue and backlog conversion in FY27.

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Alibaba faces class action over alleged misleading info on illicit AI access claims

Alibaba faces class action over alleged misleading info on illicit AI access claims

Rosen Law Firm is investigating a potential class action lawsuit against Alibaba Group for allegedly providing misleading business information related to accusations that Alibaba illicitly accessed an AI model called Claude. The claims surfaced after...

Market News
Bearish
4 hours ago
Firmware flaw in Coldcard Mk3 wallets led to $88.6M BTC theft via predictable seed attacks

Firmware flaw in Coldcard Mk3 wallets led to $88.6M BTC theft via predictable seed attacks

A firmware vulnerability in Coldcard Mk3 hardware wallets allowed attackers to predict wallet seeds and steal 1,367 BTC (about $88.6M) in three waves, with the largest theft occurring in just 41 minutes. The flaw, present in firmware versions 4.0.1 a...

Market News
Bearish
4 hours ago
Audiera price jumps 17% to $4.7 on strong whale buying, clearing July losses and eyeing $5 target.

Audiera price jumps 17% to $4.7 on strong whale buying, clearing July losses and eyeing $5 target.

Audiera (BEAT) surged 17% to a six-week high of $4.7, recovering all losses from July. This rally is driven by significant accumulation from whales, who have been actively buying and defending higher price levels. Despite weak retail investor interes...

Market News
Bullish
4 hours ago
Coldcard bitcoin theft hits $88M as stolen coins move to exchanges and dormant wallets activate

Coldcard bitcoin theft hits $88M as stolen coins move to exchanges and dormant wallets activate

A suspected third wave of bitcoin theft linked to a Coldcard firmware vulnerability has resulted in about 1,367 BTC stolen, worth roughly $88.6 million. The theft occurred in three waves between July 30 and August 1, with the latest wave using comple...

Market News
Bearish
5 hours ago
XRP consolidates near $1.06 amid bullish outlook and potential breakout on regulatory clarity.

XRP consolidates near $1.06 amid bullish outlook and potential breakout on regulatory clarity.

XRP is trading around $1.06, about 71% below its all-time high, but analysts see signs of a potential breakout driven by strong on-chain growth and over $1.5 billion inflows into XRP-backed ETFs. The recent court ruling classifying XRP as a non-secur...

Analyst Insights
Bullish
5 hours ago
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