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Bitcoin treasury company Strive (ASST) now has less debt and more bitcoin on its books after raising $225 million via an offering of its SATA preferred stock. With more than $600 million in orders, according to a press release, the offering was upsized from an initially targeted $150 million. The proceeds and exchanges enabled Strive…
MUMBAI: The Rs 10,600-crore IPO for ICICI Prudential Mutual Fund was subscribed 72% on day 1 with the institutional investors portion subscribed nearly two times. The high net worth part was subscribed 37%, the retail portion 21% while the part reserved for shareholders of ICICI Bank was subscribed 44%. Through the bidding round, Prudential Corp…
U.S. stocks pulled back Thursday after Oracle Corp. posted its steepest decline in nearly a year, reigniting concerns that heavy artificial intelligence spending is straining balance sheets faster than it is generating returns. Meanwhile, the crypto market traded with relative stability, decoupling modestly from equity weakness as traders remained selective about risk. Bitcoin traded back…
With the schedule for the Assam Assembly elections now announced, a range of key issues like eviction, infiltration, and development project is expected to dominate the campaign rhetoric of political parties in the run-up to the polls.The 126-member Assam Assembly currently has 64 legislators from the BJP. Among its allies, the Asom Gana Parishad (AGP)…
Singapore will invest more than Sg$1 billion ($785 million) in public research on artificial intelligence through 2030, as the city-state looks to strengthen its technological capabilities and sharpen its global competitiveness, the government said on Saturday.The funding will be used to set up “world-class” AI research centres, build capabilities to support industrial applications of artificial…
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Bitcoin’s sharp pullback from its recent record high wiped out its year-to-date gains, and that’s led to questions about aggressive price targets for the cryptocurrency into 2026. But as important as where bitcoin’s price goes next is a question about the role bitcoin really serves in a portfolio: When will it consistently behave like a…
Mirae Asset, a Seoul-based financial group, is considering buying South Korean cryptocurrency exchange Korbit, the Korea Times reported on Monday. The company is in talks to acquire 92% oof Korbit for as much as 140 billion won ($97 million), according to the report, which cited industry officials. Mirae Asset, which offers asset management, wealth management,…
