As Bitcoin’s price slump continues to rattle equity-linked crypto firms, Strategy Inc. (previously known as Microstrategy) is pivoting its capital-raising playbook to preferred stock issuance in a bid to secure fresh funding for its Bitcoin accumulation strategy. Chief Executive Phong Le said the company would increasingly rely on perpetual preferred shares to fund purchases of
World Liberty Financial, a crypto project backed by members of the Trump family, said it plans to launch a foreign exchange and remittance platform aimed at lowering the cost of cross-border money transfers. Speaking at the Consensus conference in Hong Kong, co-founder Zak Folkman detailed plans to utilise the project’s proprietary USD1 stablecoin to facilitate
Washington moved to wind down a controversial immigration surge in Minnesota as federal agents began pulling back after weeks of backlash. Markets, meanwhile, remain tense: Bitcoin is stuck near $65,000 as traders debate whether another leg lower lies ahead. In corporate news, SoftBank-backed PayPay has filed for a blockbuster US IPO, while AI heavyweight Anthropic
Major cryptocurrencies remained under pressure as weak sentiment and broader market volatility continued to weigh on digital assets, extending a period of subdued performance and limited buying interest. Bitcoin was trading around $66,300, extending its recent decline amid persistent selling pressure and cautious risk appetite. The cryptocurrency had fallen to around $65,000 on Thursday, highlighting
Bitcoin’s latest bout of selling has a different feel. Instead of the usual crypto stress signals, panic from small investors, a wave of forced liquidations, or miners dumping coins to pay bills, this time the pressure looks more like portfolio housekeeping by institutions. As US rate expectations swing and cross‑asset volatility climbs, professional allocators are
Australian shares surged past the key 9,000 mark for the first time on Thursday, lifted by financials and a string of upbeat corporate earnings. The S&P/ASX 200 index gained 1.1% to 9,019.10, marking an all-time high and closing record. The benchmark has risen in seven of the past 15 sessions this month, extending a rally
Shares of Zip Co. surged more than 25% on Friday, reaching their highest level in over three years, after the buy-now-pay-later company reported a sharp rise in annual earnings and unveiled plans for a secondary listing in the United States. The stock climbed as much as 25.6% to A$3.92 in early trade, its strongest level
The AUD/NZD exchange rate continued its strong rally, reaching a three-year high as concerns about the Reserve Bank of Australia (RBA) rose. The pair soared to a high of 1.1310, in its eighth consecutive week, up by over 6.16% from its lowest level in June this year. RBA and RBNZ divergence continues The AUD to
Australia is expanding its regional cybersecurity network, pledging A$83.5 million ($54.4 million) to strengthen defences across the Indo-Pacific amid rising cross-border digital threats. The four-year plan, running until 2028, underscores Canberra’s view that cyberattacks have evolved beyond national boundaries and require collective action. According to a Bloomberg report, the funding, channelled through Australia’s Southeast Asia
AirTrunk, the Australian hyperscale data centre operator acquired by Blackstone Inc. for A$24 billion ($16 billion), is expanding into India as part of its broader Asia-Pacific growth strategy. The move signals India’s growing importance in the global digital infrastructure landscape, driven by accelerating demand for artificial intelligence processing power and data capacity. As investors pour