Market Updates
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Microsoft Pulls Back on Agreement with CoreWeave
Microsoft has withdrawn some cloud agreements with CoreWeave because there were missed deadlines and delivery problems, days after prepares for a $35 billion initial public offering (IPO. Despite scaling back, Microsoft still holds multi-billion-dollar contracts with CoreWeave, which supplies cloud computing power for AI workloads using Nvidia chips. The reported move suggests Microsoft is adjusting…
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Avalanche’s Crypto Card: A Game Changer for Underbanked Regions
Cryptocurrency has always been seen as an equalizer in the crypto space. It is seen as an alternative to the traditional banking finance system, offering freedom and easy accessibility to anyone with access to the internet. However, despite crypto growth over the years, crypto payment still faces a significant challenge. Some of these challenges include…
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U.S. to Announce Crypto Reserve, Bitcoin Takes Center Stage
The U.S. government will unveil a strategic crypto reserve on Friday, with Bitcoin at its core, according to Commerce Secretary Howard Lutnick. Other cryptocurrencies, including XRP, Solana, and Cardano, will also be included but treated differently, Lutnick told The Pavlovic Today. “A Bitcoin strategic reserve is something the President’s interested in,” Lutnick said. “He spoke…
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Qualcomm CEO Claims New Modem Outperforms Apple’s First In-House Chip
Qualcomm CEO Cristiano Amon has drawn a bold line between the company’s latest modem and Apple’s first attempt at building its own. In an interview on Tuesday, Amon said Qualcomm’s new X85 modem creates a “huge delta” in performance compared to Apple’s C1, which was quietly introduced with the iPhone 16e last month. Qualcomm, a…
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Grayscale Pushes for Hedera (HBAR) ETF After Growing Crypto ETF Race
Grayscale Investments filed with the U.S. Securities and Exchange Commission (SEC) to initiate an ETF for Hedera (HBAR) – another major move from Grayscale into the crypto investment markets. If this proposed investment pool passes approval, exchange trading enabling contracts will be live. The ETF will allow investors to get exposure to Hedera by simply…
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Stripe’s Valuation Soars to $91.5B as AI-Driven Growth Continues
Payment giant Stripe has issued a tender offer to employees and shareholders, valuing the company at $91.5 billion. This amount represents a medium-range valuation of the firm compared to its peak of $95 billion that was reached in 2021. This growth is aligned with the large demand for its service. Stripe’s co-founder and President John Collison…
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Relm & Liva to provide insurance for AI and Web3 firms
Liva Group, a leading insurance provider in the GCC announced a new strategic partnership with Relm Insurance, the sole insurer dedicated to emerging industries, to provide tailored insurance policies to businesses which operate within high growth industries for digital assets, artificial intelligence (AI) and biotech. The partnership aims to address a significant gap existing within…
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Everstake Unveils Wallet SDK to Simplify Crypto Staking
Blockchain adoption is increasing; however complex technology remains a challenge. Everstake a global leader in staking and blockchain technology solutions, is addressing this issue with the launch of the Wallet SDK, an open-source toolkit that is designed to make the integration of staking available for developers even if they have no prior experience in the…
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Moca Network Creating AIR Kit to Solve Web3 Identity Fragmentation Issues
Moca Network, a project under Animoca Brands, is developing a digital identity system that aims to solve the issues of fragmentation of user identities across Web 3. The project seeks to give users control over their data while also facilitating seamless interoperability between different platforms. The Challenge of Web3 Identity Fragmentation Digital identity in Web3…
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Raydium’s RAY Token plumets 31% after Pump.fun’s Alleged Amm Testing
The native token of Raydium, RAY has suffered a sharp 31% drop, reaching its lowest price since October 2024. The price drop has occurred as speculation is growing that Pump fun, a major Solana-based meme coin-centric launchpad, is testing out its own Automated Market Maker (AMM), They plan to divert liquidity away from Raydium, which…