News
Core Weave CEO sells nearly 370, 000 shares for $31 M as insider sales top $2. 3 billion since IPO
16+ min ago (356+ words) The GPU cloud provider's founders have been steadily cashing out even as the company posts triple-digit revenue growth and racks up a nearly $100 billion backlog. Core Weave CEO Michael Intrator offloaded a significant chunk of stock on June 30, selling roughly…...
Coinbase executive predicts stablecoins will surpass fiat volume in 5 years
59+ min ago (275+ words) The exchange's Layer-2 network Base already processes 62% of global onchain stablecoin transactions, positioning Coinbase as the central player in a multi-trillion-dollar shift A senior Coinbase executive has forecast that stablecoin transfer volumes will overtake traditional fiat payment volumes by roughly…...
Ukraine strikes two Russian refineries, hits over a dozen fuel tankers in major energy infrastructure offensive
59+ min ago (184+ words) The escalating drone campaign has reportedly reduced Russia's refining capacity by roughly one-third, with potential ripple effects across global energy and risk-asset markets. The three refinery targets were the Saratov facility operated by Rosneft, the TANECO complex, and TAIF-NK, both…...
Kraken rebuilds mobile app with agentic trading at its core
1+ hour, 40+ min ago (158+ words) Kraken is betting that artificial intelligence will become the next major competitive differentiator among crypto exchanges. Kraken is preparing to launch a rebuilt version of its mobile app designed to make crypto investing easier by combining AI-powered financial intelligence with…...
Dplus Kia VP Joon Lee exits as esports org navigates Web3 fan token strategy
2+ hour, 15+ min ago (337+ words) The longtime COO's departure raises questions about the League of Legends powerhouse's blockchain ambitions with STIX partnership still in play Joon Lee, the Vice President and Chief Operating Officer of Dplus KIA, has announced he's stepping away from the South…...
Beefy launches autocompounding vaults for Aave with up to 9% APY
2+ hour, 11+ min ago (465+ words) New single-asset vaults on Aave's Monad market automatically harvest and reinvest yields for USDC, USDT, AUSD, and WETH holders Yield optimizers have one core promise: take the tedious work of manual compounding off your plate and put those gains back…...
Microsoft faces backlash after 1, 600 Xbox layoffs following thousands of visa approvals
1+ hour, 39+ min ago (328+ words) The tech giant cut 4, 800 jobs company-wide while receiving approval for 2, 273 H-1 B visas, raising uncomfortable questions about corporate priorities in the AI era Microsoft axed 4, 800 employees on July 6, representing roughly 2. 1% of its global workforce. The Xbox gaming division bore the heaviest…...
New rivals are lining up to challenge TSMC's chip dominance, and crypto miners should pay attention
1+ hour, 10+ min ago (209+ words) Japan's Rapidus, Intel, and China's SMIC are all making moves against the company that produces over 90% of the world's most advanced chips. Rapidus received an additional $4 billion in state funding in April 2026, bringing its total government backing to over $16 billion....
Space X IPO lays groundwork to attract UK retail investors in record-breaking listing
1+ hour, 31+ min ago (430+ words) The largest IPO in history carved out an unusually generous slice for everyday investors, and the UK was a key testing ground for retail participation. Space X just pulled off the biggest IPO the world has ever seen, and it…...
Microsoft Foundry's hosted agents hit general availability, and the AI infrastructure race just got more interesting
1+ hour, 11+ min ago (296+ words) The Azure AI platform now offers managed, framework-agnostic compute for AI agents across 20+ regions, with Teams and M365 Copilot integrations coming next month. Microsoft just made deploying AI agents roughly as complicated as ordering coffee. The company's Foundry platform, part of…...