Author: GT

There’s no longer any question: President Donald Trump and his family are profiting from cryptocurrency ventures while he holds the highest office in the country. The numbers speak for themselves. The Trump family’s net worth has ballooned by $2.9 billion in just six months, with nearly 40% of that now tied to crypto assets. These include meme coins like $TRUMP and $MELANIA and a controlling stake in World Liberty Financial (WLF), a decentralized exchange launched during his second run for office. The ethical red flags are hard to miss. WLF has received a $2 billion boost from an Emirati-backed investment…

Spotify on Wednesday announced an update to its app designed to give users more control over their listening experience and recommendations. The refreshed experience introduces a handful of new features that will roll out gradually to Spotify users and Premium subscribers, including features to help you manage your Queue, your current listening experience, playlist creation, and more. The changes help to balance out an app that often leans heavily on algorithmic recommendations to suggest and play music and instead give users the power to shape what’s played, when, and how often. For Premium users, Spotify’s Queue has been revamped. The…

Shares of tech company Asset Entities (ASST) rose 194% on Wednesday after it announced that Strive Asset Management was merging with the NASDAQ-listed company to become a publicly traded Bitcoin (BTC) Treasury Company. The deal, structured as a reverse merger, will leave the combined company operating under the Strive name and listed on the NASDAQ. Strive plans to build a sizable bitcoin reserve using novel investment and financing strategies designed to limit shareholder dilution. One key strategy is a planned equity-for-bitcoin swap available to certain accredited investors, the companies stated in the press release. The exchange will use a tax…

Vcg | Visual China Group | Getty ImagesDavid Bailey, CEO of media group BTC Inc., and a key crypto advisor to President Donald Trump, has raised $300 million to launch a publicly traded bitcoin investment company, CNBC has confirmed.The deal, which has been in the works since January, consists of $200 million in equity funding and $100 million in convertible debt, according to a person familiar with the matter who asked not to be named because the fundraise hasn’t been announced. The Information was first to cover the story.Bailey’s company is named Nakamoto, a tribute to the pseudonymous bitcoin creator…

French AI startup Mistral is releasing a new AI model, Mistral Medium 3, that’s focused on efficiency without compromising performance. Available in Mistral’s API priced at $0.40 per million input tokens and $2 per million output tokens, Mistral Medium 3 performs “at or above” 90% of Anthropic’s costlier Claude Sonnet 3.7 model on “benchmarks across the board,” claims Mistral. It also surpasses recent open models, including Meta’s Llama 4 Maverick and Cohere’s Command A, on popular AI performance evaluations. Tokens are the raw bits of data models work with, with a million tokens equivalent to about 750,000 words (roughly 163,000…

Bitcoin’s volatility has been a constant theme this year, led by trade war uncertainties. The cryptocurrency started the year with a 15% gain, after which it reversed course in late January, falling around 26% by early March. However, after a volatile March-April month, Bitcoin regained momentum, rallying strongly and posting a 23% gain up to the first week of May. The fundamental drivers of digital currencies are expected to remain robust and support the anticipated stability ahead. Growing institutional adoption, forecasts of a weakening greenback and a favorable macroeconomic backdrop pave the way for a highly optimistic future for the…

“Day 25 of starting over my whole entire life,” Raegan Lynch narrates over a short video. “Right now, I’m wandering around the city I just moved to, in a country I’d never seen, all by myself after my relationship ended, and I had to leave my old life behind.” It’s a pretty enticing hook, which is why Lynch starts every video this way. She pulls us along as she navigates British grocery aisles — which are evidently quite different from those in the States — and bravely compliments a stranger’s outfit in a feeble attempt to make a new friend.…

Strive Asset Management has just announced its merger with Asset Entities, creating the first publicly traded Bitcoin treasury company. The newly combined entity will operate under the Strive’s name and will oversee $2 billion of assets. It will also become a NASDAQ-listed company. The agreement will allow the merged company to carry out aggressive purchases of Bitcoin through new financial products, similar to BlackRock and Grayscale. Strive Enterprises was co-founded in 2022 by Vivek Ramaswamy and Anson Frericks. The new firm will be led by Strive CEO Matt Cole, who previously managed a $70 billion fixed income portfolio. Under Cole’s leadership,…

Cybersecurity giant CrowdStrike said on Wednesday that it would lay off 5% of its global workforce, which amounts to about 500 workers.  In an 8-K filing, CrowdStrike said the layoffs were part of a “a strategic plan (the ‘Plan’) to evolve its operations to yield greater efficiencies as the Company continues to scale its business with focus and discipline to meet its goal of $10 billion in ending [Annual Recurring Revenue].” The company also said it was planning to “to hire in key strategic areas throughout its fiscal year ending January 31, 2026.” “These changes position us to move faster,…

Thomas Fuller | SOPA Images | Lightrocket | Getty ImagesAppLovin shares soared as high as 15% in extended trading after the company reported earnings and revenue that beat expectations and announced the sale of its mobile gaming business.Here’s how the company did compared to LSEG consensus estimates:Earnings: $1.67 per share vs $1.45 per share expectedRevenue: $1.48 billion vs $1.38 billion expectedAppLovin also agreed on Wednesday to sell its mobile gaming business to Tripledot Studios in a deal worth $400 million in cash considerations. The advertising tech company will also obtain  a roughly 20% ownership stake in Tripledot Studios, which makes…