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Share link:In this post: Rumble may buy Northern Data for €1B, offering 2.319 Rumble shares per Northern Data share. Northern Data will sell its bitcoin mining unit to Elektron Energy for up to $235M, with proceeds going toward repaying a Tether loan. Rumble’s Q2 loss widened to $30.2M despite 12% revenue growth; monthly active users fell to 51M.
Share link:In this post: Indonesia proposes sovereign AI fund to boost position as regional tech hub. A strategy paper outlines the roadmap for AI growth to 2030, pending public input. However, the plan faces hurdles including skills shortages, low research spend, and patchy internet.
Share link:In this post: Ant Group denied claims on Chinese social media regarding plans to develop rare-earth-backed stablecoins in collaboration with the People’s Bank of China (PBoC). The denial was issued on August 11, 2025, amid growing speculation about the potential for stablecoins backed by rare earth elements. JD.com and Alibaba have been trying to get the People’s Bank of China to approve a stablecoin based on the offshore yuan to challenge USD-backed stablecoins.
South Korean retail investors shift focus from US tech stocks to crypto, as regulatory changes drive the move.
Stellar price remains inside a bullish setup after its recent breakout, but record exchange balances and fading momentum hint that gains could take longer to arrive.
- 01:42Founder of Hex, PulseChain, and PulseX suspected of transferring ETH worth $323 millionsAccording to a report by Jinse Finance, on-chain analyst Yu Jin has monitored that a group of addresses suspected to belong to Richard Heart, the founder of projects such as Hex, PulseChain, and PulseX, moved 81,000 ETH (worth $323 million) in the past 5 hours. Is this merely a change of storage wallets or preparation for a sale? In March 2023, this group of addresses purchased 132,000 ETH on-chain with 499 million DAI, at an average price of $3,770 per ETH. Except for 9,500 ETH that were transferred through Tornado Cash in the past six months, the rest have been held until now.
- 01:28pump.fun creates X account "Spotlight" aimed at accelerating ICMOn October 20, according to relevant pages, the X account Spotlight, created by pump.fun to "accelerate ICM (Internet Capital Markets)", may soon launch related feature updates.
- 01:28Ethereum sees nearly $1 billion in stablecoin inflows within 24 hours, marking the largest single-day increase in historyJinse Finance reported, according to Cointelegraph and data from Artemis, that in the past 24 hours, the Ethereum network has seen the largest inflow of stablecoin supply, with a net inflow amounting to $995.8 million.