The Business & Technology Network
Helping Business Interpret and Use Technology
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Nasdaq-listed Heritage Distilling Holding Company has unveiled a $360 million digital asset treasury strategy centered on the Story (IP) token, according to an Aug. 11 statement provided to CryptoSlate. The company said it secured $220 million through a private placement, comprising $100 million in cash and $120 million in Story tokens. Of the total proceeds, $82 million will be used to purchase...
Live streaming platform and Bitcoin-hodler Rumble is moving to expand its footprint in artificial intelligence and high-performance computing. On Aug. 10, the video-sharing and cloud services firm disclosed plans to acquire Northern Data, an AI and HPC infrastructure provider. According to the statement, the acquisition would involve a stock exchange offer, where Rumble would issue newly issued...
Digital asset exchange-traded products (ETPs) staged a sharp turnaround last week, securing approximately $572 million in net inflows, according to CoinShares’ latest report. The rebound came after the market initially suffered $1 billion in outflows earlier in the week, which CoinShares linked to weak US payroll data. Later, a surge of $1.57 billion in inflows erased the losses, pushing the week...
ALT5 Sigma Corporation, a Nasdaq-listed fintech that operates crypto trading and payment platforms, plans to raise about $1.5 billion through a stock offering and a WLFI token-funded private placement. The move would place a large portion of World Liberty Financial’s WLFI tokens on ALT5’s balance sheet and bring several of the stablecoin issuer’s executives, including Eric Trump, into ALT5’s...
Turkish authorities have reportedly detained an Ethereum developer known as Fede’s Intern in Izmir. The arrest, disclosed by the developer on Aug. 10, has stirred debate in the crypto community, where many see it as a troubling precedent. Why was Fede’s Intern detained? While details about his detention remain sparse as of press time, Fede’s Intern stated that the Turkish authorities had accused...
Bitcoin’s recent rally has seen the leading digital asset breach $122,000, though it still falls short of its July 2025 peak of $123,000. According to CryptoSlate’s data, Bitcoin rose by over 3% in the past 24 hours, reaching a high of $122,321 before slightly retracing to $120,749 at the time of writing. Despite the minor pullback, Bitcoin has already reached new all-time highs in several global...
The U.S. Securities and Exchange Commission’s approval of in-kind creations and redemptions for spot Bitcoin and Ethereum exchange-traded funds on July 29 has altered how authorized participants interact with these products, permitting direct transfers of digital assets rather than cash. This structural change is expected to reduce tracking error and bid-ask spreads, bringing the operational...
Aave, one of the largest decentralized lending protocols, could see its net deposits soar to $100 billion before the end of this year, according to the platform’s founder, Stani Kulechov. In an Aug. 10 post on X, Kulechov explained that the DeFi protocol’s current growth rate could push it to that figure sooner than expected. Antonio Garcia-Martinez, Director of Base Ads at Coinbase, claimed that...
The crypto derivatives market saw $333.56 million in liquidations in the past 24 hours, with shorts bearing the brunt of the losses, with $212.59 million wiped versus $120.97 million in longs. That 1.76 short-to-long ratio followed Bitcoin’s 2% gain in a day, as it touched $122,000 after struggling to break through significant resistance at $118,000 for days. The liquidation skew tells us that...
The following article is a guest post and opinion of Prabal Banerjee (Co-founder of Avail) and Shailey Singh (Marketing Manager and Researcher at Avail) Imagine a world where you walk into a bank and apply for a $1 million loan. Instead of handing over your full income history and credit report, you generate a cryptographic proof confirming you meet every loan criterion without exposing actual...