French IoT chipmaker Sequans Communications has sold 456 Bitcoin and plans to sell its remaining 658 BTC, ending its digital asset treasury strategy. The Bitcoin sale proceeds were used to fully repay $37 million in convertible debt, leaving the company nearly debt-free. Sequans is now refocusing on scaling its IoT semiconductor business and advancing its 5G roadmap after previously aiming to accumulate 100,000 BTC by 2030. CEO Georges Karam emphasized prioritizing profitability and growth in 4G and RF transceiver segments going forward.
Bitcoin miners are experiencing declining revenue as the network's hash rate and mining difficulty fall, reflecting a shift of miners into AI infrastructure. Despite this stress, miners are accumulating Bitcoin, with reserves increasing by 1%, signal...
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 ...
