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SoftBank’s billion-dollar loss may have put a cap on AI’s natural gas ambitions
SoftBank lost over $3 billion preordering natural gas turbines to power AI data centers. Here's what the loss means to power markets.
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Thailand proposes $148K daily cap on stablecoin deposits and withdrawals
Thailand’s SEC would set separate daily caps for stablecoin deposits and withdrawals and require customers to use wallets they own.
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Stablecoin supply falls $14.2B in biggest 30-day drop since June 2022
Crypto markets were left with “less fuel” to rally after the market cap of major stablecoins saw its biggest 30-day drop in over four years.
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Strategy shares fall after MSCI confirms deletion from US large-cap benchmark
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Texas bill would open $10M crypto investments to cities and counties
Texas Rep. Ron Reynolds has filed a bill that would let each city and county invest up to $10 million in Bitcoin or other cryptocurrencies, without importing the market-cap restriction used by the state’s Bitcoin reserve. Texas Legislature Online’s introduced…
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Asset Manager’s Insurers Dogged by Fraud at 777 Partners
Insurance holding company A-CAP funded investment firm 777 before its collapse, leaving insurer balance sheets with illiquid bets that have drawn regulators’ attention.
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