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The Ripple-SEC settlement cannot take effect until the Court of Appeals formally signs off on the stipulation.
Share link:In this post: Digital Currency Group (DCG) has filed a lawsuit against its subsidiary, Genesis Global Capital LLC, concerning a $1.1 billion promissory note. The $1.1 billion promissory note is a safeguard that Genesis had in place. Genesis also sued DCG for $2.1 billion to get more funds to pay back additional customers, accusing it of fraud and mismanagement amounting to $3.1 billion.
Share link:In this post: Trump’s administration is negotiating a government equity stake in Intel using Chips Act funds. The move aims to rescue Intel’s delayed Ohio factory and boost U.S. chip production. Lip Bu Tan, Intel’s CEO, gained $29M as Intel stock surged 15% since his March appointment.
Share link:In this post: Hedge fund Brevan Howard is now the biggest shareholder of IBIT with 37.5 million shares. More entities are gaining or increasing their exposure to IBIT with Havard disclosure being most significant. IBIT has now crossed $90 billion in assets under management.
Share link:In this post: The S&P 500 and Nasdaq both fell Friday, while the Dow rose slightly, boosted by a 12% surge in UnitedHealth. Applied Materials dropped 14%, dragging chip stocks lower, and consumer sentiment slipped due to inflation fears. Buffett, Burry, and Tepper revealed large stakes in UnitedHealth, sending the stock to its best day since March 2020.
Share link:In this post: Trump and Putin held a three-hour meeting in Alaska but reached no agreement on ending the war in Ukraine. Zelenskiy was not invited, and no ceasefire or follow-up summit was confirmed. Trump claimed progress but admitted major issues remain unresolved.
- 14:12Aster: S3 buyback operations will be executed on-chain, and the airdrop will be launched after the buyback is completed.Foresight News reported that Aster tweeted all S3 buyback operations will be executed entirely on-chain. After the buyback is completed, the repurchased tokens will be transferred to the same address used for the S2 buyback. The S3 airdrop will be launched after all S3 buyback operations are completed. In the S3 airdrop, tokens will first be distributed directly from the buyback address. If the balance at that address is insufficient, the remaining tokens will be unlocked from the airdrop allocation to complete the airdrop.
- 14:12Spot SOL, LTC, and HBAR ETFs have begun trading on Wall StreetForesight News reported that crypto journalist Eleanor Terrett stated that the first spot SOL, LTC, and HBAR ETFs have begun trading on Wall Street.
- 14:12Gradient open-sources Parallax to promote the implementation of native AI applicationsForesight News reported that the distributed AI laboratory Gradient has announced the open-sourcing of Parallax, an operating system designed for local AI applications. This system supports cross-platform and cross-region deployment of open-source large models on heterogeneous devices such as Mac and Windows, allowing users to have full control over models, data, and AI memory. Parallax is equipped with built-in network-aware sharding and dynamic task routing mechanisms, enabling intelligent scheduling based on inference workloads and seamless switching between single-machine, multi-device, and wide-area cluster modes. Currently, Parallax is compatible with more than 40 open-source large models, including Qwen3, Kimi K2, DeepSeek R1, and gpt-oss. Developers can deploy locally to build and run various AI applications such as programming assistants, personal agents, and multimodal generation in a fully autonomous manner, keeping all sensitive data and control permissions locally.