Saudi Arabia's SPPC closes its Emirati subsidiary, Al Madinah Packaging Co., as part of a strategic pivot to shed non-core assets and refocus on high-growth domestic and regional markets.
A former adviser to Donald Trump claims AI-powered transparency will prevent Bitcoin from ever reaching $1 million, drawing swift backlash from the crypto community and reigniting debates about the digital asset's core value proposition.
GameStop CEO Ryan Cohen has unveiled plans for a potentially transformative acquisition of a publicly traded consumer company, signaling a strategic pivot that could reshape the retailer's future. The company may sell its Bitcoin assets to finance the move, while the board has tied Cohen's compensation to ambitious new growth targets.
Norway's state-backed energy giant Equinor has completed the sale of its Vaca Muerta shale assets in Argentina to Vista Energy, netting approximately $1.1 billion. The deal marks a strategic retreat from onshore operations in the country, allowing the company to concentrate its regional efforts on its remaining offshore holdings and align its global portfolio with core offshore and energy transition projects.
In a strategic move to capture the booming institutional staking market, Bitwise Asset Management has acquired Swiss-based infrastructure provider Chorus One. The deal grants Bitwise direct control over yield-generating operations as it expands its European footprint and on-chain product suite.
Bitcoin has tumbled to its lowest level in nearly a year, reigniting the debate over its long-term value proposition as 'digital gold' and its viability as a mainstream asset.
As market volatility persists, a clear divergence is emerging: investors are pulling money from Bitcoin ETFs while cautiously adding to Ether and XRP-focused products, signaling a rotation within the digital asset space rather than a broad retreat.
AT&T's recent acquisition of Lumen's fiber assets and a new partnership in senior safety wearables signal a strategic pivot, aiming to transform its network into a platform for home broadband and connected health services.
Raymond James reported year-over-year revenue growth in its fourth quarter, driven by record net new assets and robust advisor recruitment, though results slightly missed analyst forecasts. While its private client arm showed resilience, declining M&A activity weighed on overall performance.
A U.S.-backed critical minerals group moves to acquire a major share in Glencore's DRC copper and cobalt assets, signaling a strategic shift in the global race for battery metals.
Despite posting a GAAP net loss for 2025, Galaxy Digital highlights robust growth in its core digital assets business and significant progress in building out its Texas data center platform, positioning the firm for a potential market recovery.
Canada's investment regulator has unveiled a stringent, risk-based custody framework for crypto assets, a direct response to past collapses and hacks that left investors exposed. The rules impose tiered limits and rigorous operational demands on platforms holding client digital assets.
Robinhood Markets saw its stock decline sharply last month, closely mirroring a downturn in cryptocurrency markets and raising questions about its heavy exposure to digital assets.
Digital asset prices stabilized Wednesday, with Bitcoin reclaiming $78,000 amid a fragile recovery in risk sentiment. However, a record $1.7 billion in weekly outflows from investment products and defensive on-chain positioning signal deep investor caution, casting doubt on the rebound's longevity.
The rise of quantum computing poses a fundamental challenge to the cryptographic foundations of Bitcoin and other digital assets, forcing investors and governments to confront a potentially existential security risk.
Asian equities advanced on Wednesday, shrugging off a tech-led retreat on Wall Street, as gold and silver prices surged. Investors shifted focus to safe-haven assets amid geopolitical tensions and a softer dollar, while regional markets showed mixed performance.
As SoFi Technologies' stock cools from its 2025 highs, major asset managers like J.P. Morgan and BlackRock have been quietly accumulating shares, signaling a potential long-term bet on the fintech's growth narrative despite recent volatility.
Spire Inc. reported a significant year-over-year increase in first-quarter earnings, driven by new utility rates and robust operational performance. The natural gas distributor reiterated its multi-year financial guidance while navigating a major acquisition, a potential asset sale, and ongoing regulatory updates.
Choice Hotels International expands its Everhome Suites brand to 27 open hotels across the U.S., marking a key milestone in its focused bet on the midscale extended-stay market. The move underscores the company's asset-light growth strategy but raises questions about execution and capital intensity in a competitive segment.
Bitmine Immersion Technologies Chairman Tom Lee has dismissed criticism over the company's $6.6 billion unrealized loss on its massive Ethereum holdings, framing it as an inherent part of a long-term strategy to track the asset's price. He challenged critics to apply the same scrutiny to mainstream ETF products during market downturns.
