MicroStrategy Sells Over 3,500 Bitcoin to Finance STRC Dividend Payments
MicroStrategy liquidated 3,588 Bitcoin worth $216 million to support dividends for its digital credit securities, impacting its stock amid ongoing Bitcoin losses.
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Crypto & Fintech
Markets & Macro
Trump Highlights Stock Market Gains Amid Midterm Election Challenges
President Donald Trump marked the NYSE and Nasdaq opening bells to promote his economic record as inflation and low approval ratings weigh ahead of November midterms.
Big Tech
Budget RTX 4080M Desktop Card Struggles Against RX 9700 GRE Despite Mobile Chip Advantage
China’s affordable desktop GPU uses a mobile RTX 4080 chip but falls behind the RX 9700 GRE in key gaming benchmarks due to power and thermal limits.
Defense & Security
Massive Crowds Gather in Tehran for Funeral of Iran’s Supreme Leader Amid Calls for Revenge
Tens of thousands filled Tehran’s streets for the funeral procession of Iran’s late Supreme Leader, with mourners expressing strong anti-U.S. and anti-Israel sentiments.
Crypto & Fintech
Strategy Sells $216 Million in Bitcoin to Support Dividend Payments and Cash Reserves
Strategy liquidated 3,588 BTC for $216 million to fund preferred stock dividends and maintain cash reserves, reducing its Bitcoin holdings amid steady accumulation plans.
Corporate Power
Apple and Broadcom Extend Semiconductor Partnership Through 2031
Apple and Broadcom have agreed to prolong their chip supply agreement until 2031, reinforcing their collaboration on wireless and networking components vital to Apple's products.
Crypto & Fintech
Brazil’s Crypto Trade Group Rejects Central Bank’s 24-Hour Stablecoin Transfer Delay Proposal
ABcripto argues Brazil’s Central Bank proposal to impose a 24-hour hold on stablecoin transfers would hinder market liquidity without delivering equivalent regulatory benefits.
Crypto & Fintech
Dormant Bitcoin Worth Nearly $2 Million Moves After 15 Years Amid New York Lawsuit
A Bitcoin address untouched for nearly 15 years recently transferred 30 BTC as a New York lawsuit challenges ownership rights over dormant cryptocurrency holdings.
Big Tech
Companies Struggle to Harness AI Despite Widespread Adoption in Workplaces
Firms are rapidly acquiring AI tools, but many lack the strategic insight needed to translate these investments into meaningful workforce improvements.
Crypto & Fintech
South Korea to Enforce Civil Seizure Laws on Cryptocurrency Starting October
South Korea will implement new civil seizure regulations for crypto assets from October 1, enabling courts to attach virtual currencies in debt recovery and civil disputes.