K Wave Media is abandoning its high‑profile bitcoin treasury plan and recasting itself as an AI infrastructure company, backed by a potential war chest of up to $485 million and a cleaner balance sheet. The Nasdaq‑listed firm intends to shed its legacy media operations, erase roughly $48 million of debt and pursue a rebrand as
NEW YORK, May 6, 2026 /PRNewswire/ — Vernal Capital Acquisition Corp. (NYSE: VECA) (“Vernal”) announced the pricing of its initial public offering (the “IPO”) of 10,000,000 units at $10.00 per unit. The units are expected to trade on the New York Stock Exchange (“NYSE”) under “VECAU” beginning May 6, 2026. Each unit consists of one
Pay.sh shifts AI commerce to pay-per-use APIs, letting agents transact directly without accounts or subscriptions. AI agents are moving from passive tools to active participants in the digital economy. Yet payments have lagged behind, still tied to human accounts and rigid subscriptions. A new system from Solana Foundation and Google Cloud aims to close that
The BlackRock Bitcoin IBIT ETF captured $136.6M in net inflows during a week when the broader Bitcoin ETF market lost capital for three consecutive sessions. The week ended with $162.8M in total net inflows for spot Bitcoin ETFs, a recovery that was almost entirely driven by a single Friday surge of roughly $630M that erased
Strategy (MSTR), the world’s largest publicly traded corporate holder of bitcoin, floated the idea of selling bitcoin in order to cover its dividend obligations. Executive Chairman Michael Saylor suggested, during its Q1 2026 earnings call, the company may sell a portion of its bitcoin holdings to fund dividend payments, stating: “We will probably sell some
Kraken will allow customers to convert cryptocurrency into cash at MoneyGram locations across more than 100 countries, addressing a longstanding gap in the digital asset ecosystem, according to an exclusive report from Fortune. The partnership gives Kraken users access to nearly 500,000 physical locations worldwide, where they can exchange crypto holdings for local currency. The
STRC is now live on Ethereum, BNB Chain, and Solana via Ondo Global Markets. Provides 11.5% monthly dividend yield from Strategy’s perpetual preferred stock. Enhances liquidity, 24/7 trading, and fast settlements for global investors. Ondo Finance has officially launched the tokenized $STRC across Ethereum, BNB Chain, and Solana today. This is a strategic action to
XRP Ripple is trading near $1.41, down -0.5% on the day, having recently broken above the $1.40 level that served as resistance through much of 2026’s early digestion phase. That’s a meaningful technical event, but it is also happening roughly -57% below the $3.30 peak XRP briefly touched when the Ripple SEC lawsuit appeals were
Figure Technology Solutions (FIGR), the blockchain firm helmed by former SoFi CEO Mike Cagney, is planning on taking on Fannie Mae and Freddie Mac in first-lien mortgages. Speaking at Consensus Miami, Cagney cited origination costs of $1,000 on the firm’s blockchain platform against $11,000 through the GSEs, the federally chartered firms that buy mortgages from
Paris-based Sequans Communications sold 1,025 bitcoin during the first quarter of 2026, cutting its digital asset reserves nearly in half as the IoT semiconductor maker grappled with declining revenue and mounting losses tied to a treasury strategy that has turned from ambitious to burdensome. The sale reduced Sequans’ bitcoin position from 2,139 BTC at year-end
