SoftBank’s mobile payment service PayPay acquired a 40% stake in the Japanese subsidiary of Binance after applying for US listing in August.
Softbank News
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Twenty One Capital, backed by Cantor Fitzgerald and Tether, may begin issuing US dollar loans using Bitcoin as collateral.
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Tether added another 4,812 Bitcoin to Twenty One Capital’s Bitcoin holdings, currently trading under Cantor Equity Partners until the firms finalize a merger.
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Bitcoin bears are at risk of deep losses as soaring inflows to the spot BTC ETFs highlight the return of institutional investor demand.
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Twenty One Capital has grand plans to dethrone Michael Saylor’s Strategy as the leading Bitcoin treasury firm, receiving investment support from industry heavyweights.
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Bitcoin corrects after a shocking CPI print, potential BTC miner sell pressure and concerning macroeconomic developments.
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The Stargate project will be led by OpenAI, SoftBank and Oracle, while Microsoft and Nvidia will be key initial technology partners.
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The announcement came at President-elect Donald Trump’s Mar-a-Lago estate in Florida.
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SoftBank’s tender offer allows OpenAI employees to cash out up to $1.5 billion worth of shares as it takes a larger stake in the company.
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Softbank Group stocks reached an all-time-high on a market capitalization of $97.2 billion.
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Billionaire finance mogul Masayoshi Son also said that AI will be 10,000 times smarter than humans by 2035.
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The SoftBank-owned research and development firm Arm said it will develop its own AI chips as its owner reports profits after shifting focus to AI.
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Exciting times lead to exciting posts, many of which bring up valid questions, and maybe some less valuable answers.
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In a court filing in Singapore, 3AC’s liquidators seek to slow down an expected onslaught of suits while they figure out the company’s complex financial dealings.
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After raising over $250 million from firms such as SoftBank last year, Brazil’s 2TM Group is expanding into Europe.
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