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Crypto

Trump Media drops crypto reserve and prediction market plans

Trump Media & Technology Group has halted plans to set up a CRO-based cryptocurrency reserve company and related digital-asset businesses it had pursued with Crypto.com. It said it mutually agreed with Crypto.com and Yorkville Acquisition to end the “Trump Media Group CRO Strategy,” existing service contracts and plans for digital-asset products. Trump Media also shelved a plan to integrate a prediction market into Truth Social, shifting to a marketing deal instead.

Telecommunications & Media

LG Uplus posts record Q2 operating profit, says enterprise infrastructure drove gains

LG Uplus said it posted a record quarterly operating profit in the second quarter, helped by growth in its AI data centre business and cost efficiency. Revenue fell 3.9 percent from a year earlier, but service revenue rose 2 percent and operating profit climbed 13.1 percent. The company said enterprise infrastructure revenue increased, including AI data centre sales. Mobile and smart home revenue also rose, and it announced additional share buybacks and a higher interim dividend.

Crypto

Shiba Inu eyes top 25 by market cap as 39 percent rebound scenario draws attention

On-chain indicators show 94.49 percent of Shiba Inu (SHIB) circulating supply is concentrated in 707 large wallets. If the concentration reflects liquidity leaving exchanges, price rebounds could be amplified when large buy orders enter, as less supply is immediately tradable. Etherscan data put major holders’ SHIB at about $2.36 billion. Technical signals on TradingView also suggest a possible rebound, with a 39 percent rise cited toward the 200-day EMA.