Jefferies: Tether, which said it held 116 tons of gold in September, is “the largest holder of gold outside central banks”, buying 26 tons in Q3 and 24 in Q2
Remember about a month ago, when gold hit an all-time high, lots of commentators got on their hobby horses to huff about currency debasement?
Bullish says it has received all $1.15B in capital raised from its IPO in stablecoins, including USDC, USDG, and PYUSD, marking a first for US public markets
Mostly on Solana X: @ripple : Congrats to @Bullish on a successful IPO! 👏 A portion of the IPO proceeds were settled in $RLUSD, minted on the XRP Ledger. This is the first public listing to bring the ...
CoreWeave says it has agreed to acquire bitcoin miner Core Scientific in a ~$9B all-stock deal, set to close in Q4 2025, to expand its AI data center capacity
#DataCenters — #CoreWeave — #PowerIsTheMoat @notreload : $CRWV -2.8%, $CORZ -18% [CoreWeave's all-stock acquisition of Core Scientific caused Core Scientific's stock to fall due to investor disapp...
Analysts: iPhone 15 sales in China are down compared to the iPhone 14; Counterpoint estimates a 4.5% drop after 17 days and Jefferies says Huawei outsold Apple
- IPhone 15 selling worse in China than its predecessor in 2022 — Sales of Apple's flagship device are down 4.5% in comparison
Jefferies and TrueUp: tech companies have laid off 342,671 employees so far in 2023, well above the 243,075 job cuts across all of 2022
Tech companies aren't yet ramping up hiring after massive layoffs over the past year, despite a surge in interest in artificial intelligence, requiring workers with special skills.