Nvidia preparing to oust CEO Jensen Huang after affairs: WSJ
Nvidia’s board could meet as soon as today to decide Jensen Huang’s future, WSJ reports.
Xanadu Quantum (XNDU) Stock: Secures $140M Funding as Q3 Net Loss Widens to $32.2 Million
TLDR Xanadu secures $140 million in Canadian funding to expand its Toronto facility. XNDU reports a $32.2 million Q3 net loss despite 32% revenue growth to $1.3 million. Research expenses jump 67% to $25.6 million as Xanadu expands quantum development.…
Nvidia-Backed CoreWeave Is Surging: Here’s What It Means for the AI Boom
CoreWeave's 168% revenue jump sent its shares soaring and lifted Nvidia and other AI stocks. Strong demand is reassuring investors, but the cost of building it remains enormous.
Lithium Americas Corp. (LAC) Stock: Unveils $3.83B Thacker Pass Construction Plan
TLDR LAC shares slide 12.70% as Lithium Americas details progress at Thacker Pass. Thacker Pass Phase 1 targets completion in late 2027, ahead of a 2028 ramp-up. Thacker Pass aims to produce 40,000 tonnes of lithium carbonate each year at scale.…
SEC enters fight over who regulates perpetual derivatives on stocks in the US
The SEC is stepping into the brewing fight over whether its sister agency should have approved perpetual derivatives on individual stocks.
Stablecoin Drain, ETF Outflows Leave Bitcoin ‘Running on Empty’
Stablecoin supply fell $14.2 billion in 30 days, the fastest contraction since June 2022, amid weak ETF demand.
Aave V3.8 Goes Live Across 15 Markets After DAO Approval
TLDR: Aave V3.8 is now live across 15 Aave V3 markets following approval by the Aave DAO this week. The upgrade adds a reentrancy guard on Pool operations using transient storage, known as EIP-1153. Only active instances are in scope, while those with…
Trump Backed Nvidia Diversion Crackdown, Axios Reports
Commerce denied a reported confrontation between Bessent and Lutnick. An independent records check found no published export-control notice naming Megaspeed.
Bitcoin Short-Term Holders Send $3.6 Billion in BTC to Exchanges at a Loss
Recent buyers are moving billions in Bitcoin to exchanges below their purchase prices, while Binance sees sharp inflows from recently moved coins.
The Cost of Buying the Dip: Inside BitMine’s Massive $6.3 Billion Ethereum Loss
BitMine's ETH had cost $19.9 billion and was worth $14.6 billion at the fiscal year-end.