Tag: Report

BlackRock to Purchase 10% of Circle’s IPO: Report

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BlackRock is reportedly planning to take a significant stake in Circle’s upcoming initial public offering (IPO). According to a May 28 Bloomberg report citing anonymous sources, BlackRock is looking to purchase roughly 10% of the offering. Circle, the issuer of the USDC stablecoin, is aiming to raise $624 million in its initial public offering Cathie Wood’s Ark Investment Management is also interested in buying $150 million worth of shares in the offering, the report said.  Circle launched its offering of 24 million shares of Class A common stock on May…

Maple Finance, FalconX secure Bitcoin-backed loans from Cantor Fitzgerald — Report

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Wall Street financial firm Cantor Fitzgerald has closed its first Bitcoin lending deal nearly a year after announcing its crypto lending services. According to a May 27 Bloomberg report, Cantor provided Bitcoin-backed loans to FalconX and Maple Finance. FalconX, a digital asset broker, said it secured a facility worth over $100 million as part of a “broader credit framework,” while Maple Finance reportedly closed the first tranche of an agreement with Cantor. The service allows companies holding Bitcoin to borrow funds and use the cryptocurrency as collateral, providing a way…

USDC Issuer Circle Files for IPO on NYSE: Report

Key Notes Stablecoin giant Circle has officially filed to go public in the United States. With over 24 million shares up for purchase, the firm will trade on the NYSE under the ticker symbol “CRCL”. This IPO filing confirms the firm is not up for sale to Ripple or Coinbase. Circle Internet Financial, the second-largest stablecoin issuer, has taken a significant step on its Initial Public Offering (IPO) push by filing to list on the New York Stock Exchange (NYSE). After several attempts to become a publicly traded firm in…

France arrests over 12 suspects linked to crypto kidnappings: Report

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French authorities have arrested more than 12 people who have been linked to two high-profile crypto kidnapping cases in Paris, France, local media reports. Those arrested include several minors, with charges against them including kidnapping, attempted kidnapping and criminal conspiracy, Le Parisien reported on May 26. French investigators are exploring the possibility that a criminal organization is behind two recent crypto-linked kidnapping cases, with social media networks being used for recruitment. In one recent alleged kidnapping attempt on May 13, three men tried to snatch the daughter and grandson of…

Meta’s AI boss says current AI lacks ‘intelligent behavior’ — Report

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Current artificial intelligence models lack the major traits of human intelligence, Meta’s AI chief has reportedly said, claiming that the firm’s latest model will solve this issue.  Business Insider reported on May 26 that at the AI Action Summit in Paris earlier this year, Meta chief AI scientist Yann LeCun said that “there are four essential characteristics of intelligent behavior that every animal, or relatively smart animal, can do, and certainly humans.”  “Understanding the physical world, having persistent memory, being able to reason and being able to plan complex actions,…

Trump Media eyes $3b to spend on crypto investments: report

Trump Media Group is eyeing a $3 billion raise with plans to spend the money on fresh investments within the cryptocurrency ecosystem, the Financial Times reported on May 26 2025. Citing sources familiar with the matter, the report says TMTG plans to raise $2 billion through fresh equity and another $1 billion via a convertible bond. Proceeds from the raise are expected to fund new crypto investments, including allocations to Bitcoin (BTC). Sources have told Financial Times that an announcement to this effect could come as soon as this week,…

Trump Media Group to raise $3B for Bitcoin treasury — Report

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Trump Media and Technology Group, the company behind US President Donald Trump’s Truth Social platform, is planning to raise $3 billion in a mix of equity and convertible bonds to buy Bitcoin and other cryptocurrencies, the Financial Times reported. The move would position the company to follow the footsteps of crypto treasury companies like Strategy. Trump Media will issue $2 billion in equity and $1 billion in convertible bonds, a type of asset that can be converted into equity at a later date. The size of the raise may change,…

Trump Media Group denies it’s raising $3B for crypto buys: Report

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Update (May 26, 9:27 pm UTC): This article has been updated to include a statement from Truth Media and Technology Group. Trump Media and Technology Group, the company behind US President Donald Trump’s Truth Social platform, has rebuffed a report that it’s planning to raise $3 billion in a mix of equity and convertible bonds to buy Bitcoin and other cryptocurrencies. The Financial Times reported the company’s plan on May 26, citing six people briefed on the matter, but Trump Media told the outlet that, “apparently the Financial Times has…

Nvidia plans to make cheaper AI chips for China: Report

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Nvidia will reportedly launch a new lower-cost artificial intelligence chip specifically for China, following restrictions on exporting its more expensive model. Nvidia plans to start mass production of the new AI chips in June, which will be part of the firm’s latest generation of AI chips, Reuters reported on May 26, citing people familiar with the matter. The company plans to sell it for between $6,500 and $8,000 owing to its lower specifications and simple manufacturing requirements — cheaper than the some $10,000 to $12,000 Nvidia’s recently restricted H20 model…

Blockchain security firm releases Cetus hack post-mortem report

Blockchain security firm Dedaub released a post-mortem report on the Cetus decentralized exchange hack, identifying the root cause of the attack as an exploit of the liquidity parameters used by the Cetus automated market maker (AMM), which went undetected by a code “overflow” check. According to the report, the hackers exploited a flaw in the most significant bits (MSB) check, allowing them to manipulate the values for the liquidity parameters by orders of magnitude and establish relatively large positions with a keystroke. The Dedaub security researchers wrote: “This allowed them…