Crypto News
MEI Pharma’s Crypto Treasury Move: 930,000 Litecoin Tokens Acquired
MEI Pharma Inc. has become the first U.S.-listed public company to adopt litecoin ( LTC) as a primary reserve asset, deploying $100 million from a recent stock sale to acquire 929,548 tokens of the cryptocurrency. Litecoin Creator Charlie Lee Joins MEI Pharma’s Board The clinical-stage biopharmaceutical company (Nasdaq: MEIP) disclosed the LTC acquisition in anSource link
Bitfarms and T5 Data Centers Collaborate to Enhance AI Infrastructure in Pennsylvania
Bitfarms partners with T5 Data Centers to boost high-performance computing and AI development at Panther Creek Campus, Pennsylvania. The initiative supports Pennsylvania's growing digital infrastructure. (Read More)Source link
Solana Meme Coin Ponke Releases Plush Toy as First in Line of Collectibles
Ponke, a Solana meme coin with a viral social media following, is set to release a plush toy with a blunt to match.Source link
Bit Mining Executes Solana Plan: Buys Over 27,000 SOL, Runs Validator
Bit Mining has purchased 27,191 solana ( SOL) tokens and launched its first Solana network validator, marking a significant step in its strategic shift towards the ecosystem. New Validator Marks Bit Mining’s Deeper Solana Push The company told Bitcoin.com News that it spent approximately $4.89 million to acquire the solana ( SOL), establishing what itSource link
Does the Fed Need to Cut Now? Bitcoin Crumbles Back Below $113,000 After ISM Services PMI
Adding to the shocking downward jobs growth revisions on Friday — which sent crypto prices tumbling — the ISM Services PMI all of a sudden is beginning to consistently indicate softer-than-though economic activity.The ISM Services for July came in at 50.1, sizably lower than the 51.5 expected. A number above 50 indicates economic expansion, and below that level contraction.The soft print is notable as it's now a three-month pattern of weakness, with May's number having been 49.9 and June's 50.8 — a very notable slowdown from previous months.Compounding that sign of economic weakness was a stagflationary signal embedded in the report, the Prices Paid subindex, which shot up to a cycle high of 69.9."Tariffs are causing additional costs as we...