Cryptocurrency Live News & Updates : Core Scientific's Major Shareholder Opposes CoreWeave Deal
Two Seas Capital, Core Scientific's third-largest shareholder, plans to vote against the proposed acquisition by CoreWeave, citing structural flaws and undervaluation of the deal. In recent developments, Two Seas Capital has expressed its opposition to Core Scientific's proposed all-stock acquisition by CoreWeave, arguing that the deal disproportionately favors CoreWeave and undervalues Core Scientific's assets. Meanwhile, Chainlink has introduced a strategic LINK reserve, converting fiat revenue into LINK tokens to bolster its treasury and potentially increase demand for its token. Union Jack Oil is exploring innovative ways to monetize stranded natural gas by powering Bitcoin mining operations, a move that aligns with a growing trend among energy companies. Additionally, Gala is showing signs of a bullish reversal after finding support at a key price level, while Ripple has announced its acquisition of stablecoin payment platform Rail for $200 million, aiming to enhance its position in the B2B stablecoin market. These stories highlight the dynamic landscape of the cryptocurrency sector, with companies exploring new strategies and partnerships to navigate market challenges and capitalize on emerging opportunities. Show more
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Economic Times
4 minutes ago
- Economic Times
Cryptocurrency Live News & Updates : Verb Technology Tops Crypto VC Funding with $558M
10 Aug 2025 | 01:35:12 AM IST In the week of Aug. 3-9, crypto funding reached $1.46 billion across 18 projects, led by Verb Technology's $558 million raise, while Ripple's $200 million acquisition of Rail aims to enhance fiat-stablecoin payment systems. Recent developments in the cryptocurrency space highlight significant funding and market shifts. Verb Technology has emerged as a leader in VC funding, securing $558 million, while Ripple's acquisition of Rail for $200 million signals a strategic move to bolster fiat-stablecoin payment infrastructure. Meanwhile, WBETH has reached a new all-time high, trading at 4,565.04 USDT, reflecting a 4.96% increase in just 24 hours. However, the NFT market is facing challenges, with sales down 11% to $134.9 million despite Ethereum's price surge. Participation in the NFT space has drastically declined, with buyer counts plummeting by nearly 90%. In technical analysis, XRP struggles below the $3.65 resistance level, while Bitcoin consolidates gains, and Ether breaks out of a long-term triangle, indicating a potential new uptrend. Lastly, El Salvador's new Investment Banking Law allows banks to hold Bitcoin, aiming to attract foreign investment and establish itself as a financial hub, despite criticisms regarding its benefits to the average citizen. Show more
India Today
16 hours ago
- India Today
A heavy Brics blowback brewing for Trump?
In the past week, the Global South has witnessed a flurry of diplomatic activity. India, China, Brazil, and even Russia, the 'expelled' Global North member, have all been actively engaged in discussions. Much of this momentum can be attributed to US President Donald Trump's aggressive tariff policies and vocal attacks on the bloc. This huddle of the OG Brics members, now expanded by five new member nations, appears to be forging a stronger alliance, one that experts say is preparing to challenge the US dollar's dominance and push back against Trump's daily tariff offensives. A heavy Brics blowback is most likely brewing against the Trump-led surge in Brics' diplomatic engagement coincides with Trump's imposition of steep tariffs on India, Russia, China, and Brazil, alongside his repeated criticism of the bloc as "anti-American". Adding to the economic tensions is Trump's evolving stance on cryptocurrency. Once dismissive, calling Bitcoin a "scam", Trump is now aggressively pushing to make the US the world's crypto capital. This is widely viewed as a response to perceived threats from a potential Brics currency aimed at challenging the petrodollar's dominance, as well as an attempt to capitalise on the lucrative digital asset market. The signs that the Brics is gearing up to take on Trump are undeniable. In just the past week, around half a dozen key developments have indicated concrete moves Minister Narendra Modi on Friday said he had a "very good and detailed conversation" with Russian President Vladimir Putin and reaffirmed India's commitment to deepen the strategic partnership between both countries. Just a day earlier, India's National Security Adviser Ajit Doval met Putin in suggest that Putin will visit New Delhi later this Indo-Russia bear hug came even as Brazilian President Lula da Silva spoke to PM Modi on Modi is set to attend the Shanghai Cooperation Organisation (SCO) summit in China later this month, his first visit there in seven years. Beijing's tone has become cordial, with its mouthpiece, The Global Times, visibly softening its tone toward BRICS MEMBERS HAVE SAID ON TRUMP'S TARIFFSTrump has escalated trade tensions by doubling tariffs on Indian goods to 50%, citing India's continued imports of Russian oil, which accounts for 36% of its oil imports. Brazil faced a similar 50% tariff increase, linked to Trump's allegations of political persecution of former Brazilian President Jair rhetoric has been blunt and nasty. He called India and Russia "dead economies" and accused New Delhi of profiting from reselling Russian oil. He further warned that Brics nations aligning against US interests would face an additional 10% has called the tariffs "unjustified".Foreign Ministry spokesperson Randhir Jaiswal said India's "steady and time-tested" ties with Russia, urging the US not to view these relations through a third-country Brazil's Lula rejected Trump's offer for direct trade talks, telling news agency Reuters, "I will not call Trump to negotiate anything I'm not going to humiliate myself". Instead, Lula vowed to use Brazil's Brics presidency to galvanise collective support and responses. He said he was planning discussions with PM Modi and Xi Jinping on the tariffs' BETWEEN BRICS CURRENCY, TRUMP CRYPTOCURRENCY?advertisementTrump's flip, from dismissing Bitcoin as a "scam" to positioning the US as the global cryptocurrency capital, shows the move might also be aimed at mitigating adverse affects of the potential Brics Thursday, Tump signed an executive order allowing cryptocurrencies and alternative assets like private equity and real estate to be included in 401(k) retirement accounts, reported The his return to the White House, Trump has taken concrete steps in the crypto January, he signed an Executive Order to promote US leadership in digital assets and establish a Strategic Bitcoin Reserve. He appointed crypto advocates like Paul Atkins as the Securities and Exchange Commission chair and David Sacks as "crypto czar". He has even backed his family's crypto venture, World Liberty Financial, which has engaged with Pakistan on shift is seen as a strategic move to counter the potential threat from Brics nations, who are exploring alternatives to the dollar's dominance through initiatives like Brics Pay and discussions of a commodity-backed currency. India, however, has denied pursuing a common Brics promoting a US-controlled crypto ecosystem, including the Strategic Bitcoin Reserve, Trump aims to maintain America's financial edge in a rapidly evolving global American businesswoman Sandy Carter noted in Forbes, this approach could significantly impact the dollar's role as the world's main reserve currency. With more countries exploring digital currencies and decentralised finance, the dollar's dominance is at risk, but by embracing digital assets, the US could retain leadership and adapt to this shifting AND LULA STRATEGISE AGAINST US TRADE PRESSURERepresenting approximately 46% of the world's population and contributing around 35.6% to global GDP, the Brics bloc is coalescing against Trump's trade and economic hour-long call with PM Modi focused on deepening India-Brazil ties in trade, defence, energy, and technology, aiming to boost bilateral trade from $12 billion in 2024 to $20 billion by 2030. Lula also confirmed a state visit to India in early 2026. PM Modi, in a post on X, called for a "people-centric partnership" among Global South nations. He batted for a broader alignment, which is seen as a direct response to Trump's tariffs and basically, the world's largest democracy and South America's biggest player are swapping notes on how to play hardball with the US," said investor and influencer Mario Nawfal, summarising the situation."Next stop? Beijing. Modi's first trip to China in seven years, landing this August, as US–India vibes hit their frostiest point in a decade," added his recent Moscow visit, NSA Doval described previous India-Russia summits as "watershed moments". Then came the reports on Putin's planned visit to New Delhi later this year. Modi's attendance at the SCO summit in Tianjin signals India's and China's intent to better ties despite persisting border Brics nations tighten their economic and diplomatic bonds following Trump's tariff wars, they are clearly signalling a united front against the American President's aggressive trade tactics and efforts to maintain dollar supremacy. The evolving alliance not only challenges the status quo but also accelerates the shift toward a more multipolar global world, with the Global South seeking its rightful share. With Trump's tariffs hitting hard, the Brics coalition is gathering strength, and is fuelling a storm of resistance. A Brics blowback is likely coming for Trump.- EndsMust Watch
Time of India
16 hours ago
- Time of India
Ripple to pay $125 million fine as US dismisses one of the 'biggest' cryptocurrency lawsuits
The US Securities and Exchange Commission (SEC) has dismissed its lawsuit against Ripple Labs . With this, the US government agency has ended one of the cryptocurrency industry's most high-profile legal battles. However, the resolution still leaves a $125 million fine against Ripple intact. According to a report by the news agency Reuters, Ripple and the SEC have agreed to dismiss their appeals of the fine and an injunction imposed by US District Judge Analisa Torres. The injunction barred Ripple from selling its XRP token to institutional investors. As per CoinMarketCap market data, XRP ranks as the third-largest cryptocurrency by market capitalisation, behind Bitcoin and Ethereum. Why the US SEC sued Ripple in 2020 In 2020, the SEC sued Ripple, alleging that the company sold XRP tokens without registering them as securities, which was during the final weeks of US President Donald Trump's first term. However, in a mixed verdict in July 2023, Judge Torres ruled that XRP qualified as a security when sold to institutional investors but not when sold on public exchanges. She imposed a $125 million fine in August 2024. After Trump's re-election, a more crypto-friendly SEC began pulling back from specific enforcement actions, the Reuters report claims. Together with Ripple, it petitioned Torres to lift the injunction and reduce the fine to $50 million. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Treatment That Might Help You Against Knee Pain Knee pain | search ads Find Now Undo Torres rejected the request, stating that neither party demonstrated 'exceptional circumstances' sufficient to outweigh the public interest in enforcing the injunction and full fine, Reuters added. The report confirms that the SEC has now confirmed that the dismissal of appeals means both the injunction and $125 million penalty remain in place. Meanwhile, Ripple's chief legal officer, Stuart Alderoty , even took to the social media platform X (earlier Twitter) that the dismissals mark 'the end' of the case. He wrote: "Following the Commission's vote today, the SEC and Ripple formally filed directly with the Second Circuit to dismiss their appeals. The end…and now back to business." Since Trump's return to the White House, the SEC has also dropped multiple civil lawsuits against other major crypto exchanges, including Binance, Coinbase, and Kraken, the report continues. Oppo Pad SE | Budget Android Tablet with Practical Features
