BlackRock, a16z back Elon Musk’s xAI in $6B funding round

Key Takeaways xAI raised $6B in Series C funding with major investors like BlackRock, a16z, and Fidelity. NVIDIA and AMD support xAI’s infrastructure through advanced GPU technology. Share this article Elon Musk’s artificial intelligence company xAI, announced Monday it had raised $6 billion in a Series C funding round, with backing from major investors including…

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USUAL token jumps 15% on Binance Labs, Kraken investment

Key Takeaways USUAL token surged 15% after Binance Labs invested in the project. The Usual protocol aims to create decentralized stablecoins backed by real-world assets. Share this article The price of USUAL, the governance token that powers the Usual protocol, soared 15%, moving from $1.05 to $1.21 after Binance Labs disclosed its investment in the…

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Hyperliquid Labs addresses reports of North Korean-linked activity on its protocol

Key Takeaways Hyperliquid Labs denies any exploit or vulnerability linked to DPRK wallet activity, ensuring user funds are secure. HYPE token dropped over 25% from $34 to $25 but rebounded to $27 after Hyperliquid Labs addressed concerns. Share this article Hyperliquid, a leading on-chain perpetual futures exchange, faced scrutiny after allegations emerged of North Korean-linked…

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Bitcoin proxy MicroStrategy officially debuts on Nasdaq-100

Key Takeaways MicroStrategy has joined the Nasdaq-100 index as part of its annual reconstitution. The inclusion allows index-tracking funds like the Invesco QQQ Trust to gain exposure to MicroStrategy and its Bitcoin holdings. Share this article MicroStrategy (MSTR), along with Palantir Technologies (PLTR) and Axon Enterprise (AXON), is officially part of the Nasdaq-100 index ahead…

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MicroStrategy buys another 5,262 BTC before joining Nasdaq-100

Key Takeaways MicroStrategy acquired 5,262 Bitcoin worth $561 million before joining the Nasdaq-100 index. The company’s total Bitcoin holdings represent over 2% of Bitcoin’s total supply. Share this article MicroStrategy announced Monday it had acquired 5,262 Bitcoin worth $561 million between December 16-22, marking its seventh consecutive week of Bitcoin purchases ahead of its inclusion…

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Bitcoin Price Under Pressure: Could The Slide Continue?

Este artículo también está disponible en español. Bitcoin price extended losses and traded below the $100,000 zone. BTC is showing bearish signs and might continue to move down toward the $91,200 support zone. Bitcoin started a fresh decline from the $100,000 resistance zone. The price is trading below $98,000 and the 100 hourly Simple moving…

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