Author: Editor

Elon Musk’s xAI Holdings is in talks to raise $20 billion in fresh funding, potentially valuing the AI and social media combo at over $120 billion, according to a new Bloomberg report that says talks are in the “early stages.” If successful, the deal would be the second-largest startup funding round ever, behind only OpenAI’s $40 billion raise last month. The funding could help alleviate X’s substantial debt burden, which is costing the company a whopping $200 million monthly in servicing fees, per Bloomberg’s sources, with annual interest expenses exceeding $1.3 billion by the end of last year. A raise…

As Nvidia reports earnings for the first quarter of its fiscal year 2026, which closed on April 28, the company has released numbers on how the Trump administration’s recent chip-export restrictions are affecting business. Nvidia reported that it incurred a $4.5 billion charge in Q1 due to licensing requirements impacting its ability to sell its H20 AI chip to companies in China. The chipmaker also reported that it was unable to ship an additional $2.5 billion of H20 revenue in the quarter due to the restrictions. When the U.S. licensing requirement was originally announced in April, the company said that…

In brief Strive Asset Management is adopting Bitcoin as a treasury reserve asset. The announcement caused Asset Entities’ stock price to soar 450%. Strive Asset Management has encouraged firms like GameStop to buy Bitcoin. Strive Asset Management, a financial services firm co-founded by Republican Ohio gubernatorial candidate Vivek Ramaswamy, unveiled plans on Wednesday to become...

LAHORE: In an upsetting development for Pakistan, the Johor Hockey Association in Malaysia has written a letter to the Pakistan Hockey Federation (PHF) asking for a sum of $10,349.35 while citing extra accommodation and meals that were provided to the country’s junior team which took part in the 11th Sultan of Johor Invitational Cup in Johor Bahru in 2023. As players and officials of the participating teams were eligible for free accommodation and meals during their stay for the event in Johor Bahru, then PHF president retired Brig Khalid Sajjad Khokhar with his close relatives and friends — five persons…

CNN  —  Power has been restored to tens of millions of people across almost all of Spain and Portugal, but disruptions to transport services were expected to stretch into a second day as questions mount over what caused a massive blackout. Both countries remain under states of emergency after electrical supply was lost across the entire Iberian Peninsula, and in part of France, on Monday. The outage brought businesses to a standstill, halted elevators, knocked out traffic lights, and caused chaos on roads and in airports. Experts say it might take weeks to figure out what caused the meltdown. Spanish…

Known for its widely popular NFT collection and viral digital toy line, Pudgy Penguins is now expanding into gaming with Pengu Clash, a fast-paced multiplayer experience inside Telegram. Built on the TON blockchain, Pengu Clash is designed for quick pick-up-and-play sessions—no crypto experience required—and rewards players purely on skill.Key TakeawaysPengu Clash is a new Telegram mini-app game created by Pudgy Penguins, featuring real-time challenges in Football, Bomber, and Darts.Built on the TON blockchain, it taps into Telegram’s massive user base to bring casual users into Web3 gaming.The game uses a skill-first Play2Win model, where rewards are earned through gameplay, not…

Legion is launching an IDO on June 12, 2025 that aims to merge gaming, NFTs, and DeFi in one platform. This article dives into the project’s features, tokenomics (including a chart), leadership team, tech stack, potential price growth, and how to join the IDO.Key TakeawaysLegion’s ecosystem spans a Play-and-Earn GameFi hub, NFT marketplace, and crypto wallet in one super app.The IDO seeks to raise $500,000, beginning with an initial market cap of $582,000.Tokenomics show a total supply of 1,000,000,000 LEGION with structured vesting for various stakeholders.A Certik-audited approach demonstrates strong security and transparency.The core team specializes in blockchain development and…

Pennsylvania still has its hat in the ring to legalize adult-use cannabis in 2025.State Sen. Marty Flynn, D-Scranton, asked his colleagues on May 21 to co-sponsor the Keystone Cannabis Act, legislation he plans to introduce in the aftermath of the Senate Law and Justice Committee rejecting a partisan House legalization bill the previous week.Flynn circulated...

Around 300 London-based members of Google’s AI-focused DeepMind team are seeking to unionize with the Communication Workers Union, according to a Financial Times report that cites three people involved with the unionization effort. These DeepMind employees are reportedly unhappy about Google’s decision to remove a pledge not to use AI for weapons or surveillance from its website. They’re also concerned about the company’s work with the Israeli military, including a $1.2 billion cloud computing contract that has prompted protests elsewhere at Google. One source told the FT that team members feel “duped,” and correspondence reportedly shows that at least five…

Semilore Faleti is a cryptocurrency writer specialized in the field of journalism and content creation. While he started out writing on several subjects, Semilore soon found a knack for cracking down on the complexities and intricacies in the intriguing world of blockchains and cryptocurrency. Semilore is drawn to the efficiency of digital assets in terms of storing, and transferring value. He is a staunch advocate for the adoption of cryptocurrency as he believes it can improve the digitalization and transparency of the existing financial systems. In two years of active crypto writing, Semilore has covered multiple aspects of the digital…