Author: James Wilson

Google is reportedly backing a proposed $15 billion financing package for an Anthropic-linked data center in Texas, extending an AI infrastructure boom that has also lifted Bitcoin miners expanding into high-performance computing. Summary Nexus is in advanced talks to raise $15 billion for its Hubbard, Texas, data-center campus. Google would guarantee parts of Anthropic’s leases and receive an estimated 20% project stake. The campus includes an on-site natural-gas plant capable of generating 1.6 gigawatts. AI-focused mining stocks rallied Thursday, with IREN, Hut 8 and CleanSpark gaining more than 20%. Google and Anthropic financing terms A group of banks led by…

Crypto ownership in Canada has more than doubled since 2023, even as regulators warn that many investors still misunderstand platform protections and industry rules. Summary 25% of Canadians owned crypto in 2026, up from 10% in 2023. The Ontario Securities Commission survey found 59% of respondents were aware of crypto assets. Only about half of crypto owners checked whether their trading platform was registered. Canada is also considering bans on crypto ATMs and digital asset political donations. Canada crypto ownership more than doubles Canada’s cryptocurrency ownership rate rose to 25% in 2026 from 10% in 2023, according to new research…

Apple faces bipartisan pressure to rule out memory chips from two Chinese suppliers as an AI-driven shortage tightens global supply and raises production costs. Summary Six US senators asked Apple to reject memory chips supplied by China’s CXMT and YMTC. Apple must provide a formal commitment by Aug. 21, according to the lawmakers’ letter. Both suppliers appear on the Pentagon’s Section 1260H list of Chinese military companies. AAPL closed 0.56% lower at $338.19 before extending its decline in Thursday trading. Senators give Apple an Aug. 21 deadline Six US senators have urged Apple CEO Tim Cook to abandon any plan…

A major U.S. police organization has endorsed the latest CLARITY Act draft, but unresolved disputes over political ethics, DeFi protections and stablecoin rewards continue to threaten its passage before the Senate recess. Summary Major Cities Chiefs Association endorsed the CLARITY Act after lawmakers added new enforcement provisions. Polymarket traders place the bill’s chance of becoming law in 2026 at 30%. Democrats and prosecutors continue to seek changes to the bill’s DeFi developer protections. Banks support federal crypto rules but want tighter restrictions on stablecoin rewards and yield. Major Cities Chiefs Association backs CLARITY Act The Major Cities Chiefs Association endorsed…

The company raised $544.5 million in one week by issuing common shares, bought no bitcoin with it, and put it in a reserve whose stated purpose is covering preferred dividends. The obligation runs $1.76 billion a year. The flywheel that made Strategy famous now turns in the opposite direction, and the coverage is calling it bullish. Summary An SEC filing covering the week ended July 26 shows Strategy sold nearly 5.43 million Class A common shares through its at-the-market programme for $544.5 million in net proceeds. No bitcoin was purchased with those proceeds. Holdings stayed flat at 843,775 BTC at…

Ethereum price remained trapped near $1,920 on July 30 as resistance below $2,000, restrictive US monetary policy, delayed crypto legislation, and broader market fear limited demand. Summary Ethereum price traded near $1,922, below resistance around $1,938 and the psychological $2,000 level. 4-hour momentum remains constructive, but a negative CMF reading shows weak capital inflows. US spot Ethereum ETFs recorded $18.65 million in net outflows on July 29. Fed policy, the delayed CLARITY Act, and geopolitical risks are discouraging aggressive risk-taking. Ethereum price consolidates below $2,000 According to data from crypto.news, Ethereum (ETH) price was trading around $1,922 at the time…

The Bank of Korea has successfully completed live cross-border payment tests using tokenized central bank reserves under the Bank for International Settlements-led Project Agora, processing transactions across six currencies and multiple payment scenarios. Summary Bank of Korea completed live Project Agora payment tests using tokenized reserve funds across six currencies. South Korean banks tested cross border settlements including a 20 million won transfer using tokenized reserves. The trial linked Project Hangang with the BIS platform to validate real world payment workflows. The central bank plans additional Project Agora tests covering more payment scenarios and transaction types. According to the Bank…

Adam Hollander has announced that he has stepped down as OpenSea’s chief marketing officer after serving in the role for roughly a year and a half, saying the decision was driven by personal priorities rather than the company’s business outlook. Summary OpenSea CMO Adam Hollander has announced his departure after serving in the role for about 18 months. Hollander said the decision was personal, not career related, and that he plans to focus on his health, family and personal life. He expressed confidence in OpenSea’s leadership, products and future roadmap while saying he is not taking another job. In a…

U.S. Securities and Exchange Commission Chair Paul Atkins said the regulator is prepared to write crypto market rules if Congress fails to pass the CLARITY Act, offering an agency-led fallback as Senate negotiations continue. Summary SEC Chair Paul Atkins says agency rules could proceed if Congress fails to pass CLARITY. Senate Banking advanced the bill 15-9, but the full Senate has not voted on it. Agency rulemaking cannot independently grant the CFTC statutory authority over digital commodity spot markets nationwide. Atkins told CNBC that the SEC was “ready, willing and able” to address issues covered by the bill through its…

Crypto exchange Luno is cutting about 20% of its global workforce as part of a restructuring confirmed on July 28 by Chief Executive James Lanigan.  Summary Luno is cutting 20% of its global workforce while expanding institutional and business-to-business services worldwide. Twelve crypto-related companies reported July restructurings, with 894 disclosed jobs affected across six named reductions. Gnosis reduced its consumer app team and plans an independent structure beginning during third quarter. The Digital Currency Group-owned company will reduce costs while directing more resources toward institutional customers and its business-to-business unit. Lanigan did not disclose the number of employees affected or…