Lin Tzung-chih, the 85-year-old founder of Taiwan’s King Slide Works, has become the country’s wealthiest individual due to a sharp increase in demand for AI server components. Since the beginning of the year, the company’s stock has surged nearly 280%, reports WSJ. King Slide manufactures furniture hinges and drawer slides, but also produces rail mechanisms […]
Bitdeer will deploy 28 MW of bitcoin mining at Soluna’s wind-powered site in Texas. Equipment installed at the Kati 1 facility is expected to add about 1.93 EH/s of hash rate for the company. Soluna and @Bitdeer have entered a 28 MW co-mining agreement at Project Kati 1. 1.93 EH/s of hash rate. Deployment beginning […]
Omnichain protocol LayerZero is set to launch a cryptocurrency exchange named ATLAS, targeting financial institutions. The release is scheduled for fall 2026. https://t.co/VPz65GGwRa — LayerZero (@LayerZero_Core) August 25, 2026 According to the developers, the platform will integrate matching, clearing, settlement, and risk management into a single technology stack. It will not have its own user […]
On August 24, the US Treasury launched Operation Economic Outcast, adding digital assets to the list of sectors where the OFAC has expanded the risk of secondary sanctions. The agency issued five sectoral definitions under Executive Order 13902, targeting cryptocurrencies, technology, gold, aviation, and shipping. The department stated it could impose sanctions on foreign individuals […]
Ethereum developers have proposed a new version of the deposit contract designed for signatures resistant to quantum attacks. Currently, a validator connects to the network through a smart contract that accepts deposits and operates solely with BLS cryptography. The draft authors aim to make this mechanism independent of a specific scheme, allowing the blockchain to […]
Xpeng Motors’ robotics division, Dogotix, has closed a Series A funding round, raising over $900 million. The subsidiary’s valuation following the deal exceeded $6.3 billion. The round was led by IDG Capital, with participation from Gaorong Ventures and strategic support from Alibaba and Tencent. The deal was structured through the issuance of additional Dogotix shares, […]
The Responsible Fintech Institute (RFI) and Safeheron have announced an interregional project to test post-quantum cryptography for digital asset transactions. Banks and regulators have joined the initiative. The pilot aims to assess how quantum-resistant infrastructure handles wallet generation and digital asset transfers. Safeheron serves as the technology partner, while the Responsible Fintech Institute (RFI) coordinates […]
World Liberty Financial (WLFI), a company linked to the Trump family, has received conditional approval from the OCC to establish a trust bank in the U.S., according to Bloomberg. The application review took seven months. For final approval, the firm must hire an external auditor and maintain a set capital level. Three WLFI investors, including […]
Alibaba will place 710 million new shares to raise HK$80 billion ($10.2 billion). The company will direct all proceeds to artificial intelligence—from computing infrastructure and in-house chips to models and applications. The placement price is HK$112.70 per share. Closing is expected on August 26, subject to customary conditions. According to Reuters, the sale is the […]
The Solana network has initiated three votes on proposals concerning governance, SOL disinflation, and restructuring of base fees. Source: Solana Governance. SGP-0001 (The Solana Constitution) proposes ratifying a “constitution” as the foundational governance document for the blockchain. If approved, the already deployed on-chain svmgov system will be activated. The initiative will also establish two types […]