Articles by Sarah Chen
XRP Retreats to $1.30 Amid Geopolitical Selloff, Ripple Expands Treasury Tools
XRP declined roughly 4% to trade near $1.30 on Thursday, dragged lower by a broad risk-off move in digital assets fueled by escalating Middle East tensions. The drop occurred despite Ripple launching new digital asset capabilities for corporate treasuries and a payments partnership.
Bitcoin Retreats Near $67K as Geopolitical Tensions Rattle Crypto Markets
Bitcoin declined approximately 2% to near $66,700 Thursday, pressured by renewed Middle East tensions that boosted the dollar and oil. U.S. spot bitcoin ETFs recorded significant net outflows.
Micron Retires $4.3B in Debt Amid AI-Driven Capital Expansion
Micron Technology has repurchased more than $4.3 billion of its outstanding debt through a tender offer, settling April 3. The move comes as the chipmaker significantly increases capital expenditures to capitalize on the artificial intelligence memory boom.
Nokia Secures Virgin Media O2 5G Contract as Ericsson Lands Larger UK Network Role
Nokia has been awarded a contract to supply 5G radio access network equipment to Virgin Media O2, though Ericsson secured a larger role as the operator's main RAN partner in a separate deal.
Ondas Expands ISR Capabilities with World View Acquisition
Ondas Holdings has finalized its purchase of World View Enterprises, enhancing its intelligence, surveillance, and reconnaissance network. The company's stock rose nearly 5% following the announcement.
Plug Power Secures Major Electrolyzer Contract for Quebec Green Hydrogen Project
Plug Power has been selected to provide a 275-megawatt electrolyzer system for Hy2gen Canada's Courant green hydrogen project in Quebec, sending its shares up 7%.
Snap Confronts Activist Demands for AI Focus, Cost Discipline
Activist investor Irenic Capital has taken a stake in Snap and is urging significant strategic changes, including cost reductions, a spin-off of its smart glasses unit, and increased AI investment. The company's stock gained following the news.
Intel Reclaims Full Control of Ireland Fab in $14.2B Buyback Deal
Intel will repurchase Apollo Global Management's 49% stake in its Fab 34 semiconductor facility in Ireland for $14.2 billion, regaining full ownership. The company will fund the transaction with cash and $6.5 billion in new debt.
Nvidia Commits $2B to Marvell Partnership for Custom AI Chip Integration
Nvidia has announced a $2 billion strategic investment in Marvell Technology to link Marvell's custom AI processors with Nvidia's NVLink Fusion system. The partnership aims to address growing demand for specialized AI infrastructure.
Ondas Seals World View Deal, Expands Defense Tech Portfolio
Ondas Inc. has finalized its purchase of World View Enterprises, issuing millions in shares and cash to integrate stratospheric surveillance platforms into its defense business.
Grab Debuts Autonomous Ride Service in Singapore Amid Strategic Pivot
Grab Holdings has initiated Singapore's first public autonomous vehicle ride service in Punggol, partnering with WeRide. The move aligns with Grab's strategic focus on automation and AI to improve profitability.
Bitmine Expands Ether Treasury to 4.73M Tokens as Staking Network Launches
Bitmine Immersion Technologies has expanded its ether holdings to 4.73 million tokens following a recent purchase, while launching its MAVAN staking network. The company reported $177 million in annualized staking revenue from its substantial cryptocurrency position.