Bitcoin-linked digital-credit products, designed for income, experienced significant volatility and price drops due to leveraged investors facing margin calls. Issuers like Strategy and Strive saw their preferred shares slide, highlighting risks in the nascent market.
Digital credit products from Strive and Strategy experienced their worst day on record Thursday, with prices plummeting below par values. Strive CEO Matt Cole attributed the declines to a 'leverage liquidation event,' not a deterioration of underlying credit quality, while acknowledging investor concerns about dividend payments.
Ant Group is overhauling Alipay, its mobile payment app, into a native AI platform with autonomous agents. The new version, featuring an assistant named "Ah Bao", aims to provide access to over 10,000 services through conversational AI, with user confirmation required for financial transactions.
Hong Kong's privacy watchdog has launched the Hong Kong International Data Privacy Academy to train privacy professionals and align with the city's goal of becoming an international talent hub. The academy will offer seminars, workshops, and expert dialogues, addressing AI and new technology challenges.
Shanghai has launched China's first industry-academia platform dedicated to photonic computing. The new lab, based at Shanghai Jiao Tong University, aims to advance research in photonic chip architectures, integration, and applications, offering a potential alternative to traditional semiconductors for AI computing.
China's ports topped the 2025 Container Port Performance Index, with 7 in the global top 10, amid critical roles in managing supply chain disruptions post-Red Sea crisis and US-Israel war on Iran.
Russia aims for good-neighborly relations with Georgia based on mutual respect, but insists it must be a two-way street. Moscow hopes Tbilisi will heed its people's desire for dialogue and seize opportunities in trade, tourism, and humanitarian exchanges, building on recent visa and air travel relaxations.
Benchmark-StoneX initiated a 'Buy' rating on Strive, praising its debt-free framework and preferred stock. Strive expanded holdings to 19,000 BTC ($1.3B) and plans to increase an issuance program by $4.2B, with analysts calling Strive and Strategy friendly rivals.
Hugo Stenbecks Stiftelse lanserar Strive stars, ett initiativ med fokus på trygghet och inkludering för barn och unga inom idrottsrörelsen. Samarbetet med Friends, Riksidrottsförbundet och flera specialidrottsförbund syftar till att stärka strukturer och kunskap.
Hong Kong parents of a baby born at home, Danny, are refusing to provide DNA proof for birth registration, citing privacy concerns. The welfare minister stated authorities will try to assist the family after receiving their email reply.
Hong Kong parents of a baby named Danny, born at home, are refusing to provide DNA proof for birth registration due to privacy concerns. The Social Welfare Department has received an email reply from the parents after initial outreach, and authorities aim to assess the infant's well-being.
Wallabies centre Len Ikitau indicated he may return to play in England after the 2027 Rugby World Cup, highlighting Rugby Australia's challenge in retaining talent. Meanwhile, New Zealand Rugby faces scrutiny over its strict overseas player selection policy.
Strive's shares increased 5.8% after the company announced it will offer daily dividends from June 16, funded by its Bitcoin treasury, and reported being debt-free after Q1 2026.
Strive's SATA to pay daily cash dividends starting June 16, amidst Q1 $265.9M loss due to declining Bitcoin holdings value, despite eliminating outstanding debt.
The United Arab Emirates is expected to continue making high-risk geopolitical moves with potentially high rewards, following its exit from the Opec oil cartel, as the small but extremely wealthy Gulf state strives to become a global power. Framed by Emirati officials as an orientation towards strengthening economic autonomy, the UAE’s decision to leave the Organisation of Petroleum Exporting Countries (Opec) on Tuesday coincided with the downgrading of its diplomatic participation in the Gulf...
Alparslan Bayraktar added that nations can strive to determine their own policies and form alternative groups under the current circumstances
Strive Inc. purchased 789 more Bitcoin while its subsidiary prepares to educate business leaders on corporate crypto adoption.
Prominent Australian jockey Ethan Brown made a dream start to his short-term stint in Hong Kong when he guided Shooting To Top to victory at Happy Valley on Wednesday night. In his first meeting in the city, the 11-time Group One winner struck with his third ride when he lifted the heavily-backed Shooting To Top to a narrow win in the Class Four Geranium Handicap (1,650m). “It was great, it’s obviously something we all strive to do – to get the opportunity is one thing, but to get a winner...
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Comprehensive up-to-date news coverage, aggregated from sources all over the world by Google News.
