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Chinese chip designer Nano Labs Ltd. (Nasdaq: NA) revealed plans on Tuesday to sell $500 million in zero-coupon convertible promissory notes, aiming to raise funds for building a substantial BNB (Binance Coin) treasury. The company stated the notes will mature in 360 days and can be converted into Class A shares at a conversion price…
Digital Asset, the lead developer behind the privacy-enabled Canton Network, has raised $135 million in a strategic funding round, the company announced Tuesday. The round was led by DRW Venture Capital and Tradeweb Markets, with participation from major institutional players such as Goldman Sachs, BNP Paribas, Citadel Securities, Circle Ventures, Paxos, and Polychain Capital. The…
Two U.S. senators are calling for an official investigation into Spotify’s latest subscription practices, accusing the streaming giant of exploiting loopholes to reduce payments to music creators while inflating costs for consumers. Spotify Faces Scrutiny for Bundling Music and Audiobooks On June 20, Senators Marsha Blackburn and Ben Ray Luján sent a formal letter to…
ByteDance, parent company of TikTok, is shutting down its book publishing imprint, 8th Note Press, according to a report by The Bookseller. Launched in 2023 to capitalize on TikTok’s booming #BookTok community, 8th Note Press had aimed to leverage the app’s viral marketing power to drive book sales. However, less than a year later, the…
India could soon be home to a $100 billion tech company, according to Fabricio Bloisi, CEO of Prosus, one of the world’s most prominent tech investors. In an interview with CNBC on Monday, Bloisi outlined Prosus’ bullish outlook on India, drawing parallels to the company’s early investment success in China with Tencent. Prosus, majority owned…
Japanese shipping giant Nippon Yusen Kabushiki Kaisha (NYK Line) is acquiring Germany-based salary payment platform Kadmos, a move set to enhance its fintech services in the maritime sector. Though financial terms remain undisclosed, the acquisition is expected to finalize within weeks. Expanding MarCoPay’s Global Reach NYK Line launched its fintech platform, MarCoPay, in 2019 to…
Russia is weighing its options carefully after the U.S. launched devastating airstrikes on Iran’s nuclear facilities over the weekend. With Tehran calling for urgent support from Moscow, all eyes are on President Vladimir Putin — but his silence speaks volumes. Iran’s Foreign Minister Abbas Araghchi arrived in Moscow on Monday, seeking “serious consultations” following what…
The U.S. dollar climbed in early Monday trading, gaining 0.45% against major currencies, as investors sought safe-haven assets following U.S. military strikes on Iran. Yet, experts suggest the rally could be temporary, as broader fiscal concerns and trade tensions loom. Safe-Haven Demand Lifts Dollar Amid Middle East Crisis The greenback’s strength came amid heightened geopolitical…
Google is enhancing its productivity-focused Chromebook Plus line with an array of new AI-powered tools aimed at improving workflow, creativity, and convenience. The update introduces smart screen selection, text simplification, AI writing tools, and a free subscription to the premium Google AI Pro plan, positioning Chromebook Plus as a competitive choice in the AI-driven PC…
Meta is raising the bar in smart eyewear with its new limited-edition Oakley Meta HSTN smart glasses. Combining Oakley’s bold, sports-driven style with Meta’s cutting-edge technology, this new product is designed for athletes and tech-savvy users alike. Preorders begin July 11 for $499, with the wider collection starting at $399 later this summer. Superior Tech…