Poolin, a major bitcoin mining company, has filed for Chapter 11 bankruptcy in the U.S. to sell its Texas mining assets through a court-supervised auction. The company owes about $173 million, mostly from IOUs issued after suspending wallet withdrawals in 2022. Interest from AI infrastructure buyers has increased bidding for the assets, reflecting a trend of repurposing mining facilities for AI and high-performance computing. The auction process aims to maximize creditor recoveries, with potential payouts depending on final bids and court approval.
Six Flags has partnered with FinTech company Upgrade to launch Flex Pay, a buy now, pay later (BNPL) option for purchasing season passes. Guests can buy passes online for $49 or more and pay in fixed monthly installments while enjoying immediate acce...
President Donald Trump declared that Canadian aircraft maker Bombardier should be banned from selling planes in the US unless they are manufactured domestically. Trump criticized Canada for unfair trade restrictions on American companies and highligh...
Xverse, a self-custodial Bitcoin wallet, has launched a pooled Bitcoin staking product allowing users to earn Bitcoin-denominated yields without giving up control of their coins. The staking uses sBTC on the Stacks network paired with STX tokens, kee...
Lion Group Holding Ltd. announced it will change its American Depositary Shares (ADS) ratio from 1 ADS per 292,500 Class A shares to 1 ADS per 5,850,000 Class A shares, effectively a 1-for-20 reverse ADS split. This change will take effect around Sep...
The S&P 500 has been closely tracking the changing odds of a Federal Reserve rate hike in September, with the technical level of 7620 acting as a crucial pivot point. A hotter-than-expected Consumer Price Index (CPI) report in September could cause a...
