Galaxy and BitGo face off over failed $1.2B deal

Galaxy Digital founder Mike Novogratz has appeared in court as the company fights BitGo’s $100 million claim tied to a failed $1.2 billion merger. Summary Mike Novogratz testified in Delaware court over Galaxy’s failed $1.2 billion BitGo acquisition. BitGo is seeking a $100 million termination fee after Galaxy called off the merger in 2022. The…

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Finnish phone-maker HMD bundles Indian AI chatbot onto new smartphone in push to reach local market

Finnish phone maker HMD today launched its first smartphone, called the Vibe 2 5G, which comes preloaded with Indian AI company Sarvam’s chatbot Indus. Both companies had first announced the partnership during the India AI summit held in New Delhi in February. The Indus app is powered by Sarvam’s locally trained 105-billion-parameter model — a…

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European Commission Launches MiCA Review Targeting Stablecoins, DeFi and Staking Rules

Key Takeaways The EU opened a MiCA review open till Aug. 31 as crypto markets have evolved beyond 2024 rules. MiCA review targets stablecoins, DeFi, staking, and tokenized assets across Europe. EU regulators are shaping potential “MiCA 2” reforms ahead of July 2026. Europe Reassesses Crypto Framework as Crypto Adoption Accelerates Globally The European Union…

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$63B in Trading Volume and Counting

CME’s XRP futures generated nearly $63 billion in trading volume during their first year. One year after launching XRP futures, data from the Chicago Mercantile Exchange (CME) show the product has gained steady traction in the derivatives market. Since trading began on May 19, 2025, the exchange has recorded almost $63 billion in notional…

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Can OpenAI’s ‘Master of Disaster’ Fix AI’s Reputation Crisis?

Three months ago, OpenAI cofounder Greg Brockman told me his concerns about a mounting public relations crisis facing artificial intelligence companies: Despite the popularity of tools like ChatGPT, an increasingly large share of the population said they viewed AI negatively. Since then, the backlash has only intensified. College commencement speakers are now getting booed for…

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Amundi Solana UCITS fund marks European first

Amundi Solana UCITS fund SAFO launches as Europe’s largest asset manager brings €2.4 trillion AUM to the chain. Summary Amundi, Europe’s largest asset manager, and Spiko Finance launched SAFO, a UCITS-compliant fund on Solana, making it the eighth chain in their strategy. SAFO is a tokenized sub-fund under the SPIKO SICAV structure, backed by total…

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