Search results for JP Morgan
Crypto
Strategy sells 1,638 bitcoin; CEO says it is only preparing for a bear market
Strategy sold 1,638 bitcoin and its CEO said the move was capital structure management to prepare for a bear market, not a pullback from its long-term accumulation policy. In an interview, he said bitcoin is in a bearish cycle influenced partly by the macroeconomic environment. The company sold bitcoin for about $104.7 million and bought back STRC preferred shares for about $81.2 million. Strategy’s shares are down about 40 percent this year.
AI & Enterprise
SpaceX AI revenue to come from ground data centres for now, space computing a long game
Analysts say SpaceX\'s artificial intelligence revenue will come from ground-based data centres for now, even as Elon Musk promotes a long-term vision of orbital computing. SpaceX is already providing AI computing services to corporate customers including Anthropic, Google and Reflection AI, with annual revenue from Colossus cluster contracts estimated at more than $28 billion. SpaceX invested about $18 billion last year in AI infrastructure and R&D, while analysts say space data centres face technical hurdles and could take more than 10 years to materialise.
Crypto
XRP Ledger new wallets jump 40 percent, biggest rise in three months
The weekly number of new wallets on the XRP Ledger rose to its highest level in three months, pointing to a recovery in network activity. Evernode said about 26,000 wallets were created in the week ended June 29, up about 40 percent from the prior week. It also cited steady growth in total XRP accounts, rising use of tokenised real-world assets, and continued net inflows into U.S. spot XRP exchange-traded funds.
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AI & Enterprise
Tether CEO warns AI infrastructure investment is overheating despite unclear returns
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Crypto
XRPL tokenised assets expand; former Ripple CTO says RWA, stablecoins are growth pillars
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Crypto
Institutional bitcoin holdings fall 17% in Q1, banks quadruple from year ago
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Industry
Samsung Electronics management and union reach tentative wage deal, halt general strike
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Games & Commerce
Naver says nothing decided on report of consortium bid to buy Baemin
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Industry
Seagate CEO remarks on factory expansion time hit U.S. memory chip stocks
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Finance
Korea Investment & Securities posts 9.6 billion won Q1 operating profit, up 85 percent
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Crypto
Michael Saylor says Strategy will buy 10 to 20 bitcoins for each one sold
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Crypto
Swiss bank Signum says institutional adoption matters more than Bitcoin spot ETF flows
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Crypto
Gold price war rule broken as bitcoin touted as digital safe-haven alternative
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Finance
Korea Investment & Securities to sell JP Morgan Global High Yield Fund exclusively
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Finance
South Korea stock market cap overtakes Taiwan, rises to world No. 8
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Crypto
Arthur Hayes says bitcoin could hit record high in 2026 if dollar liquidity expands