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Strategy Shares Rise as MSCI Shelves Plan to Exclude Crypto Treasury Firms
Shares of billionaire Michael Saylor’s Strategy (formerly MicroStrategy) rose on Wednesday after index provider MSCI shelved a proposal to exclude bitcoin-holding companies and other crypto treasury firms from its global benchmarks. Background: Digital Asset Treasury Companies These companies, often called DATCOs (Digital Asset Treasury Companies), surged in popularity in 2025. They hold cryptocurrencies such as
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Trump-Linked World Liberty Financial Seeks License to Launch National Trust Bank
World Liberty Financial, a cryptocurrency venture backed by the family of former U.S. President Donald Trump, announced that its subsidiary WLTC Holdings has filed an application with U.S. banking regulators to establish a national trust bank focused on stablecoin operations. The move follows a trend among major cryptocurrency firms seeking regulatory approval to integrate digital
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FCC Approves SpaceX Plan to Deploy 7,500 Additional Starlink Satellites
The Federal Communications Commission (FCC) has granted approval for SpaceX to deploy an additional 7,500 second‑generation Starlink satellites, expanding the company’s global satellite broadband network and boosting internet connectivity options worldwide. This approval marks a major step in the expansion of SpaceX’s Starlink constellation and reflects growing demand for satellite-based internet services. Expansion of Starlink
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Andreessen Horowitz Raises $15 Billion to Fuel AI and Defense Startups
Andreessen Horowitz (a16z) has raised more than $15 billion across five new funds, less than two years after its previous fundraising round, signaling strong investor demand for technology startups amid the rapid adoption of artificial intelligence (AI) and growth in defense-related technologies. Fund Breakdown and Strategic Focus The venture capital giant disclosed the following allocations
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Lagos Deputy Governor Calls for Support for Widows of Fallen Soldiers
Lagos State Deputy Governor, Dr. Obafemi Hamzat, has called for increased welfare support, consistent financial aid, and empowerment programmes for widows of fallen members of the armed forces, describing these initiatives as vital to honouring the sacrifices of those who protect the nation. Dr. Hamzat spoke during a Jumat Service held in observance of the
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OpenAI and SoftBank Invest $1 Billion in SB Energy to Expand Stargate AI Data Centers
OpenAI and SoftBank Group have announced a combined $1 billion investment in SB Energy to expand the infrastructure supporting their ambitious Stargate AI initiative. Each company is contributing $500 million, funding the development of data center and power facilities designed to meet the growing energy demands of advanced AI systems. SB Energy to Build OpenAI’s
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Abia Government Constitutes Panel to Probe Okon-Aku Community Crisis
The Abia State Government has set up an administrative panel of enquiry to investigate the recent crisis in Okon-Aku community, located in Ohafia Local Government Area. The move follows last week’s violent incident in which a youth, Mr. Igwe Akuma Akwu, was shot dead, and several houses and vehicles belonging to residents of Okon-Aku were
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Stablecoin Firm Rain Valued at $1.95 Billion Following $250 Million Funding Round
Stablecoin company Rain has raised $250 million in a Series C funding round led by ICONIQ, boosting its valuation to $1.95 billion. The latest fundraise underscores growing investor confidence in the digital assets sector, particularly in stablecoins, which are cryptocurrencies pegged to assets like the U.S. dollar to maintain a stable value. Rain’s Rapid Growth
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Morgan Stanley Files for Bitcoin and Solana ETFs in Major Digital Assets Push
Morgan Stanley, a leading U.S. bank, has filed for regulatory approval to launch exchange-traded funds (ETFs) linked to cryptocurrency prices, marking a significant expansion of its digital assets strategy. The filings with the U.S. Securities and Exchange Commission (SEC) signal the bank’s first foray into offering ETFs based on major cryptocurrencies like Bitcoin and Solana,
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U.S. ETF Provider Files for First Venezuela‑Focused Fund After Political Turmoil
A U.S. exchange-traded fund (ETF) provider has submitted a groundbreaking filing with the Securities and Exchange Commission (SEC) to launch the first ETF dedicated to companies with exposure to Venezuela, tapping into renewed investor interest following recent political developments in the South American nation. Teucrium Files for Venezuela Exposure ETF Vermont-based ETF issuer Teucrium has
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