The SIREN token price plummeted more than 95% after a single whale sold about 670 million tokens, representing 92% of the total supply, for $64.8 million in stablecoins. This massive sell-off caused the market cap to drop from $1.7 billion to around $102 million, a 96% decline from its peak. With 25.7 million USDT moved to exchanges, further selling pressure is expected, leaving the token's future uncertain. The event highlights the risks of tokens with highly concentrated ownership and low liquidity, common in memecoin markets.
Man Group PLC disclosed a reduction in its long position in Senior Plc, holding 1.58% of relevant securities as of June 17, 2026. The firm sold shares and reduced its equity swap positions, signaling a strategic adjustment in its investment. This dis...
The S&P 500 fell 1.21% to 7,420.10 after the Federal Reserve signaled a possible interest rate increase later this year, causing investor jitters. Despite the decline, Polymarket traders predict a 98% chance the index will open higher on Thursday, re...
Zalando, Europe's largest online retailer with over 62 million active users, uses the European AI platform Hopsworks to power its demanding AI services. Hopsworks provides a high-performance, secure, and compliant AI Lakehouse infrastructure capable ...
Sompo International has named Henry MacHale as Chief Underwriting Officer and Head of Strategy for its International Markets, covering 22 countries across the UK, Asia-Pacific, Europe, and Brazil. MacHale will focus on enhancing underwriting performa...
Burckhardt Compression has secured a milestone order to supply compressor solutions for the first industrial-scale liquid CO₂ (LCO₂) carrier, part of the Northern Lights Carbon Capture and Storage (CCS) project. This carrier enables efficient, flexib...
