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Share link:In this post: Rumble may buy Northern Data for €1B, offering 2.319 Rumble shares per Northern Data share. Northern Data will sell its bitcoin mining unit to Elektron Energy for up to $235M, with proceeds going toward repaying a Tether loan. Rumble’s Q2 loss widened to $30.2M despite 12% revenue growth; monthly active users fell to 51M.
Share link:In this post: Indonesia proposes sovereign AI fund to boost position as regional tech hub. A strategy paper outlines the roadmap for AI growth to 2030, pending public input. However, the plan faces hurdles including skills shortages, low research spend, and patchy internet.
Share link:In this post: Ant Group denied claims on Chinese social media regarding plans to develop rare-earth-backed stablecoins in collaboration with the People’s Bank of China (PBoC). The denial was issued on August 11, 2025, amid growing speculation about the potential for stablecoins backed by rare earth elements. JD.com and Alibaba have been trying to get the People’s Bank of China to approve a stablecoin based on the offshore yuan to challenge USD-backed stablecoins.
South Korean retail investors shift focus from US tech stocks to crypto, as regulatory changes drive the move.
Stellar price remains inside a bullish setup after its recent breakout, but record exchange balances and fading momentum hint that gains could take longer to arrive.
- 23:17Federal Reserve's Logan: Inflation rate may reach as high as 2.4%, driven by non-housing servicesChainCatcher news, according to Golden Ten Data, Federal Reserve's Logan stated that even excluding the impact of tariffs, the inflation rate could still be as high as 2.4%, mainly driven by non-housing services.
- 23:17Federal Reserve's Logan: It is unclear whether rate cuts can reach a neutral levelChainCatcher news, according to Golden Ten Data, Federal Reserve's Logan stated that it is still unclear how much further the Fed can cut interest rates before reaching a neutral level.
- 22:59The White House withdraws the nomination of Brian Quintenz as Chairman of the US CFTCJinse Finance reported, according to the American political news website Politico: The White House has withdrawn the nomination of Brian Quintenz to serve as Chairman of the U.S. Commodity Futures Trading Commission (CFTC).