XXI higher by 8% on merger plans with Strike and bitcoin miner Elektron Energy

The shares of Twenty One Capital (XXI), the bitcoin-focused firm, are up over 8% in after-hours trading on Wednesday, after majority shareholder Tether Investments proposed a merger with Strike and Elektron Energy. Tether Investment, the independent investment arm of the stablecoin issuer, said it intends to vote its shares in favor of combining XXI with…

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Aave launches binding Arbitrum vote to move $71 million in disputed ETH

DeFi lender Aave and other stakeholders impacted by last month’s Kelp DAO hack have launched a binding Arbitrum governance vote to transfer $71 million in disputed ether into an Aave LLC-controlled address A Constitutional Arbitrum Improvement Proposal, or AIP, is the DAO’s formal on-chain governance mechanism for approving binding protocol actions. This amended proposal implements…

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Bosch bets on JVs to speed up next-gen mobility push | India News

BENGALURU: German auto technology supplier Bosch is increasingly looking at partnerships and joint ventures to accelerate development and market entry in newer mobility technologies, marking a shift from its traditionally in-house approach, its India managing director told TOI.The comments come a day after Bosch announced a joint venture with Wheels India and Brakes India, both…

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Mumbai Marina project explained: Centre clears Rs 887-crore world-class plan — top things to know

The Union government has cleared a Rs 887-crore plan to develop a world-class marina in Mumbai Harbour, a move aimed at boosting coastal shipping, maritime tourism and waterfront development in India’s financial capital. The project, called the ‘Viksit Bharat Mumbai Marina’, has been approved by the ministry of ports, shipping and waterways and is aligned…

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