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AI & Enterprise
Strategy posts $12.54 billion net loss in Q1 as bitcoin price falls
Strategy, the company with the largest bitcoin holdings, posted a $12.54 billion net loss in the first quarter, CoinDesk reported on May 5. The loss followed a drop in bitcoin to about $68,000 on March 31 from about $87,000 on Jan. 1. Strategy holds 818,334 bitcoins at an average acquisition price of $75,537. It had $2.25 billion in cash at quarter-end.
Crypto
MoonPay acquires Solana-based trading infrastructure firm DFlow
Crypto onramp company MoonPay has acquired Solana-based trading infrastructure company DFlow, The Block reported on May 5. The terms of the deal were not disclosed. Fortune previously reported, citing unnamed sources, that MoonPay bought DFlow with $100 million worth of stock. MoonPay said DFlow has processed more than $50 billion in volume, handles about 10 million trades a month and supports 99.9 percent of Solana-based tokens.
Crypto
SoFi expands SoFiUSD stablecoin to Solana
SoFi Technologies will issue its SoFiUSD stablecoin on the Solana blockchain in addition to Ethereum, The Block reported on Monday. Ben Reynolds, SoFi’s head of corporate finance, said the company chose Solana as a chain suitable for payments, citing costs, payment speed and processing capacity. SoFi launched SoFiUSD, issued by SoFi Bank, on Ethereum in December and later expanded a partnership with Mastercard to use it as a global payment-network settlement currency.
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AI & Enterprise
Anthropic CEO says Mythos found tens of thousands of vulnerabilities and time is running out
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AI & Enterprise
OpenAI unveils GPT-5.5 Instant, personalised answers using past chats and Gmail
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AI & Enterprise
AMD's first-quarter revenue rises 38 percent; data centre up 57 percent
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Industry
Intel shares surge 14 percent on report Apple in chip talks with Intel and Samsung Electronics, hit record high
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Crypto
Cathie Wood says BlackRock participation opened door for pensions, sovereign wealth funds to enter crypto
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Crypto
Coinbase targets Australia's retirement pension market
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Crypto
Coinbase unveils plan to cut 14 percent of workforce, citing market downturn and AI
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Crypto
Bullish to acquire Equiniti, integrate shareholder management and tokenisation platform
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AI & Enterprise
Tech Insight: Stripe aims to remove crypto with stablecoin strategy
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Crypto
Iran firms turn to bitcoin instead of oil to weather sanctions
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AI & Enterprise
Moving to IBM mainframes could cost less than VMware licences
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Crypto
Polygon launches private stablecoin payment feature targeting institutions
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Crypto
U.S. major banking groups oppose compromise on stablecoin bill
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People & Corporate
SKT invites employees' families for Children's Day event
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Industry
Samsung Electronics chairman Shin Je-yoon urges dialogue to resolve labor-management conflict