Search results for Helius
Crypto
Helius acquires Light Protocol to build Solana privacy infrastructure
Solana infrastructure company Helius has acquired Light Protocol and will develop privacy solutions for Solana. Light Protocol was founded in 2021 to bring zero-knowledge proof-based privacy to Solana but later shifted to developing ZK Compression with Helius to reduce data storage costs. Helius said the acquisition will refocus Light Protocol on Solana privacy, including private payments and private DeFi, with plans to reveal new infrastructure to developers within months.
Crypto
Zcash whale posts tenfold gain as privacy coin surges
A whale wallet that made a large bet on Zcash has moved into a profit zone exceeding $150 million on a mark-to-market basis in about 18 months. Blockchain analytics firm Arkham disclosed the wallet still holds 230,100 ZEC after realising $22.61 million in gains through eight sales. The position at one point fell into a loss of more than 50 percent in 2025, but rebounded as privacy coins strengthened in 2026.
Industry
Allbirds ditches shoes to pivot to AI infrastructure; shares surge more than 700 percent
U.S. footwear maker Allbirds surged more than 700 percent in a single day after news it will exit shoes and pivot to an AI infrastructure business. It plans to rename itself NewBird AI and lease high-performance GPU resources to developers and corporate clients. The company previously sold its shoe brand for $39 million and has a roughly $50 million convertible-bond financing facility. Critics note it lacks operating experience in hardware, data centres or cloud services.