Press "Enter" to skip to content

Tag: infrastructure

Ripple-linked Evernorth to go public in $1B SPAC to build massive XRP treasury

The move could make Evernorth one of the first public companies to anchor its balance sheet in XRP, signaling growing institutional appetite for digital assets. Evernorth Holdings, a digital asset company with ties to Ripple Labs, announced plans to go public through a merger with Armada Acquisition Corp. II, a Nasdaq-listed special purpose acquisition company (SPAC), in a move aimed at tapping growing institutional demand for publicly traded digital asset treasury firms. The transaction is expected to generate more than $1 billion in gross proceeds, including a $200 million investment from Japan’s SBI Holdings, a company with historical ties to SoftBank. Additional backing is expected from Ripple, Pantera Capital, Kraken and GSR, the company said. Evernorth said the funds will be used to build one of the world’s largest XRP (XRP) treasuries through open-market purchases of the digital asset. Read more.

Solana’s $9B TVL Milestone Sparks Talk of a New Meme-Powered Challenger

Soaring TVL and DEX Volume Empower Solana Solana recently achieved a significant milestone with its DeFi ecosystem boasting around $9. 3 [.] The post Solana’s $9B TVL Milestone Sparks Talk of a New Meme-Powered Challenger appeared first on Coindoo.

Analysts Caution Cardano (ADA) May Drop Further Before $1 Rebound After 12% Dip

Cardano (ADA) fell roughly 27% this week, slipping below the $0. 66 support as risk-off flows hit crypto. Bitcoin’s slide toward $104,000 and softer altcoin liquidity magnified downside, and on-chain data shows large holders leaning defensive. Related Reading: Is BlackRock About To Go Public With Ripple And XRP? Here’s What We Know Whale Flows Split as ADA Loses Support Santiment-tracked wallets holding 1-10 million ADA offloaded about 40 million ADA over seven days, while broader whale distribution reportedly reached 350 million ADA, pressuring price. other big wallets accumulated 140-200 million ADA, creating a split tape that’s fueling choppy consolidation between $0. 65-$0. 70. Derivatives add to the cautious tone. Cardano’s open interest slipped 2. 12% to $669. 9 million, and long liquidations ($1. 13 million) dwarfed shorts ($187, 000), signaling bulls bore the brunt of the latest flush. On the 4-hour chart, ADA is carving a falling wedge, but confirmation requires a breakout above $0. 74. Until then, momentum indicators remain mixed: RSI 37 (approaching oversold) while CMF 0. 12-0. 15 hints at returning spot inflows that have yet to overpower supply from large holders. Downside Risk First, Rebound Later Technicians flag a “risk-first” path: losing $0. 66 puts $0. 65 in play; failure there opens $0. 62-$0. 60, then $0. 57 (channel/structure confluence). A deeper shakeout could probe $0. 53 if broader crypto weakness persists. On the upside, ADA must reclaim $0. 66 and then clear $0. 74-$0. 80 (50-day EMA cluster) to flip trend strength. Above that range, bulls target $0. 86, with a psychological $1. 00 retest feasible into Q4 if risk appetite and flows improve. Several analysts still eye a path toward $1. 20-$1. 60 on a confirmed breakout, but most caution the market may dip before it rips given leverage resets and uneven liquidity. ETF headlines (including the Oct. 23 Grayscale ADA ETF decision window), stablecoin and ETF net flows, and whether whale selling cools. A rotation back into altcoins typically follows BTC stabilization; conversely, renewed BTC downside would likely extend ADA’s consolidation near the lows. ADA’s price trends to the downside on the daily chart. Related Reading: Why The Dogecoin Price Could Still Hit A 600% Rally To Send It Above $1. 5 New staking access (e. g., eToro U. S.) and ongoing initiatives like Midnight and Leios continue to broaden the roadmap, even as TVL ($288 million) lags larger chains. Cover image from ChatGPT, ADAUSD on Tradingview.

Tether Nominates Executives to Juventus Board After Investment in Club

TLDR Tether invested 10. 7% in Juventus earlier this year and seeks board control. Tether nominates Zachary Lyons and Francesco Garino to Juventus’ board. Tether pushes for better governance and minority representation at Juventus. Juventus faces leadership changes after a financial fraud scandal in 2022. Tether, the issuer behind the stablecoin USDT, is looking to expand [.] The post Tether Nominates Executives to Juventus Board After Investment in Club appeared first on CoinCentral.

MyIX: Budget 2026 enhances Malaysia’s digital backbone for an AI-powered future

Calls for stronger local interconnection to maximise digital investments. Upgraded infrastructure will boost data sovereignty, lower costs & support M’sia’s rise as a regional digital hub The Malaysia Internet Exchange (MyIX) has welcomed the Madani Budget 2026 as a decisive step towards strengthening Malaysia’s digital backbone, citing the government’s focus on submarine cable infrastructure, nationwide connectivity, 5G expansion, artificial intelligence, and digital inclusion as critical enablers of the nation’s future. MyIX chairman Chiew Kok Hin (pix) said the government’s commitment of more than US$880 million (RM4 billion) in digital infrastructure investments demonstrates Malaysia’s readiness to compete as a regional digital hub, adding that global investments must be matched by resilient domestic interconnection. “As digital highways such as submarine cables, AI clouds and 5G networks are being built, the true benefits only reach the rakyat when traffic flows locally and securely. At MyIX, our role is to anchor these capacities so that every Malaysian enjoys lower costs, smoother streaming, faster cloud access, and assured data sovereignty,” he added. The Budget allocates US$440 million (RM2 billion) for the Sambungan Kabel Dasar Laut Madani (SALAM) submarine cable linking Johor, Sarawak, and Sabah, and another US$440 million (RM2 billion) for a Sovereign AI Cloud, alongside continued 5G rollout, MyDigital ID adoption, and global investments from Microsoft, Google, and Amazon Web Services. He noted that Amazon, Google, and Microsoft are among MyIX’s global peering partners, supporting the exchange’s mission to enhance the speed, resilience, and affordability of Malaysia’s internet. The measures outlined in Budget 2026, Chiew said, reflect strong foresight and position Malaysia as an emerging regional AI and digital hub. “The government’s commitment to submarine cables, AI infrastructure, and 5G rollout will unlock unprecedented capacity. At MyIX, our role is to ensure these investments translate into real benefits for Malaysians through efficient local traffic routing. This is how we strengthen digital sovereignty while enabling inclusive growth,” he added. Chiew also said the Budget’s focus on the development of Sabah and Sarawak, together with initiatives such as GovTech digitalisation, MyDigital ID expansion, and tax incentives for AI and cybersecurity adoption, would further broaden access to the digital economy nationwide. “By localising internet traffic, MyIX reduces reliance on foreign routing and ensures that connectivity gains are felt across the nation from rural areas to urban centres in the Klang Valley. As Malaysia builds towards AI Nation 2030, low-latency interconnection will be the invisible layer powering AI, 5G, and cloud adoption for government, businesses, and the rakyat alike,” he said. MyIX currently operates across Kuala Lumpur, Cyberjaya, Johor Bahru, and Kuching, serving as key interconnection points for seamless traffic exchange. The exchange continues to deliver significant cost reductions, foreign exchange savings, and faster local internet speeds, while enhancing national resilience and efficiency. The Malaysian Communications and Multimedia Commission, which was instrumental in MyIX’s formation in 2006, remains actively engaged in the exchange’s ongoing development.

White House slams Nobel Committee, says it placed `politics over peace`

“The Nobel Committee proved they place politics over peace,” White House Director of Communications Steven Cheung said in a social media post, hours after Venezuelan opposition leader Maria Corina Machado was declared the winner of the 2025 Nobel Peace Prize.

PM Narendra Modi’s Special Message Ahead Of Inaugurating Navi Mumbai Airport & Metro 3 Line; Here’s What He Said

Prime Minister Narendra Modi on Wednesday reiterated his government’s focus on improving Mumbai’s infrastructure and Ease of Living, as he prepared to inaugurate two of the city’s most significant projects, Phase 1 of the Navi Mumbai International Airport (NMIA) and the final phase of Mumbai Metro Line 3.

Karachi Biennale 2027: Noor Ahmed to curate fifth edition

T he Karachi Biennale will return in January 2027 for its fifth edition, led this time by curator Noor Ahmed. Since its launch in 2017, the Karachi Biennale has grown into Pakistans largest international contemporary art event, transforming the city with exhibitions, public art.

Sitemap Index