MicroStrategy founder Michael Saylor clarified at the BTC Prague conference that the company's previous "never sell" Bitcoin stance was advice for individual investors, not a corporate rule. The company sold 32 BTC for $2.5 million on June 1 to fund preferred stock dividends, marking its first-ever Bitcoin sale. This move sparked debate about the firm's capital structure and potential dilution, as MicroStrategy holds about 845,256 BTC and carries $6.7 billion in convertible debt. Despite the sale, Saylor remains bullish on Bitcoin's long-term value and emphasized that future sales would be part of routine treasury management, not a shift in conviction.
Lululemon invested in Syntetica's $30 million Series A funding to support its innovative recycling of Nylon 6 and Nylon 6,6, materials difficult to separate and reuse in textile waste. This move aligns with growing industry demand for sustainable, co...
Ethereum futures long positions among top traders increased by over 3 percentage points across both USDT- and coin-margined markets, indicating a broad-based shift in short-term sentiment. This rise suggests heightened attention on ETH compared to ot...
NVIDIA announced that leading Japanese companies in robotics and manufacturing are adopting its Cosmos, Isaac, Metropolis, and Jetson platforms to accelerate AI-powered intelligent machines across industries. The new Cosmos 3 Edge model enables real-...
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...
