Stripe confirmed on August 19 that it would acquire OpenRouter, a startup that routes AI requests to whichever model is cheapest or best for the job, concluding the deal FinanceFeeds covered earlier this week. Beyond the headline, the real story is that Stripe was buying something more specific than an AI asset. It was buying a
Key Facts MemeCore principals will contribute US$1.0bn of $M tokens to Nasdaq-listed ZeroStack Corp. In exchange they receive 3,500,000 ZeroStack shares plus pre-funded warrants over up to 36,198,293 more. The 925,925,926 tokens are valued at US$1.08 each, their prevailing fair market trading price. Warrants carry an agreed value of US$25.19 per share — over twelve
For years, broker acquisition has been built around a handful of easy-to-track numbers: leads generated, cost per lead, cost per acquisition and, above all, first-time deposits. But those metrics can say surprisingly little about whether a newly acquired trader will remain active, trade sustainably or ultimately generate long-term value for the business. A large first
Circle Internet Group added roughly $1.75 billion in market capitalization during Wednesday’s trading session as investors piled into crypto-linked stocks following President Donald Trump’s White House meeting with industry executives and the heads of the Securities and Exchange Commission and Commodity Futures Trading Commission.Circle shares closed at $78.59 on August 19, up 9.56% for the
Tether would need to restructure roughly one-quarter of its approximately $190 billion reserve portfolio for USDT to satisfy the U.S. GENIUS Act’s reserve-asset requirements, based on the stablecoin issuer’s latest disclosed holdings and the assets permitted under the new federal framework.Tether reported approximately $187.75 billion of assets backing its tokens as of June 30, against
Cybersecurity firm Rapid7 has uncovered Operation ASTERIX, a cryptocurrency fraud campaign that combined mass account enumeration, phishing emails, targeted phone calls and counterfeit wallet applications to steal users’ recovery phrases. Rapid7 Labs discovered the operation after finding an exposed web directory on infrastructure being used by the attacker. The misconfiguration provided researchers with an unusually
U.S.-listed crypto exchange-traded funds remained net buyers on August 19, with currently reported data showing approximately $184.4 million flowing into Bitcoin, Ether and Solana products as cryptocurrency markets staged one of their strongest rallies of the month.Spot Bitcoin ETFs recorded a provisional $164.2 million in net inflows, according to Farside Investors. The total extends the
The U.S. Office of the Comptroller of the Currency is targeting November to finalize its principal regulations implementing the GENIUS Act, accelerating work on the federal framework that will govern payment stablecoin issuers as the law approaches its effective date. Comptroller of the Currency Jonathan Gould disclosed the timetable Wednesday at the Wyoming Blockchain Symposium,
Crypto exchange OKX has restricted employees in Hong Kong and staff traveling through China from using Anthropic’s Claude after its corporate account was temporarily suspended, even as the company spends between $6 million and $8 million every month across multiple artificial-intelligence models.The restriction followed a brief suspension of OKX’s corporate Anthropic account in early August,
President Donald Trump said the United States has discussed acquiring “sizable” amounts of Bitcoin and other cryptocurrencies, raising the prospect of direct government accumulation beyond the digital assets it already controls.Trump made the comments during an August 19 White House event attended by cryptocurrency executives and senior financial regulators. Asked whether his administration was considering