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Search results for Jan. 12

Crypto

Trump family boosts holdings in Coinbase, Strategy, expanding crypto bets

U.S. President Donald Trump’s family increased indirect exposure in the first quarter to crypto-linked listed stocks including Coinbase and Strategy, according to financial disclosure documents filed with the U.S. Office of Government Ethics. The filings list thousands of transactions in accounts tied to Trump, Melania Trump and dependent children. Trades focused on Coinbase, MARA Holdings and Strategy. The moves come as debate continues over potential conflicts between Trump’s crypto businesses and policy, including the CLARITY bill.

Mobility

Self-driving lidar maker Luminar headed for breakup as assets go to new owners

A late-stage bidding scramble erupted over the sale of key businesses at U.S. automotive lidar specialist Luminar, which is in bankruptcy proceedings. An unidentified bidder submitted a $33 million offer just before a hearing, but Luminar selected MicroVision\'s $33 million bid as the winning offer and the court approved it. Luminar\'s lidar business will go to MicroVision and its semiconductor unit will be sold to Quantum Computing Inc. The deals are expected to close within weeks.

Finance

Korea Investment Management\'s ACE KRX Physical Gold ETF net assets top 4.5 trillion won

Korea Investment Management said on Monday that net assets of its ACE KRX Physical Gold ETF, the country’s first physically backed gold exchange-traded fund, have surpassed 4.5 trillion won. Based on the Jan. 26 close, assets stood at 4.65 trillion won, rising more than 600 billion won in 10 trading sessions since passing 4 trillion won on Jan. 12, amid steady retail inflows.