China

K-Pop Firm's Stock Plunges as It Dumps Bitcoin Treasury Plan for AI Pivot

A K-Pop entertainment firm has seen its stock price drop significantly after announcing the abandonment of its Bitcoin treasury strategy in favor of a focus on artificial intelligence. The company had previously invested in Bitcoin as part of its financial strategy but has now shifted its priorities to leverage AI technology. This decision has raised concerns among investors, leading to a notable decline in stock value. The pivot reflects a broader trend in the industry as companies increasingly prioritize AI advancements over cryptocurrency investments.

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Strategy could sell Bitcoin ‘just to inoculate the market’ — Michael Saylor

Michael Saylor, co-founder of MicroStrategy, suggested that selling Bitcoin could be a strategy to "inoculate the market" against volatility and potential downturns. He emphasized that this approach might help stabilize prices and protect investors. Saylor's comments come amid ongoing discussions about market dynamics and the role

Iggy Azalea faces class lawsuit over MOTHER memecoin

Iggy Azalea is facing a class-action lawsuit related to her cryptocurrency project, MOTHER, which is a memecoin. The lawsuit alleges that Azalea and her team misled investors about the project's potential and failed to disclose critical information. Plaintiffs claim they suffered financial losses due to the alleged deceptive

Kelp DAO to migrate rsETH to Chainlink CCIP as blame game continues

Kelp DAO has announced plans to migrate its rsETH token to Chainlink's Cross-Chain Interoperability Protocol (CCIP) amid ongoing disputes regarding the project's direction and management. This decision comes as tensions rise within the community, with various stakeholders pointing fingers over recent challenges faced by the DAO.

Bitcoin tops $81,000 as Strategy mulls selling its BTC to fund dividend obligations

Bitcoin has surpassed $81,000, reaching a significant milestone in its price trajectory. Meanwhile, investment firm Strategy is considering selling a portion of its Bitcoin holdings to meet dividend obligations. This decision comes as the firm evaluates its financial strategies amid the rising value of cryptocurrencies. The potential sale highlights

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Strategy could sell Bitcoin ‘just to inoculate the market’ — Michael Saylor

Iggy Azalea faces class lawsuit over MOTHER memecoin

Kelp DAO to migrate rsETH to Chainlink CCIP as blame game continues

Bitcoin tops $81,000 as Strategy mulls selling its BTC to fund dividend obligations