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American Bitcoin Says Q3 Internet Revenue Reached $126M as BTC Reserve Grew
TL;DR: American Bitcoin reported approximately $126 million in third-quarter net income and said its Bitcoin reserve increased through mining rather than new spot purchases during the period. The November 4 release also cites about $221 million in adjusted EBITDA and an approximately 5% increase in satoshis per share. American Bitcoin reported approximately $126 million in…
Nvidia Shares Slide as Jensen Huang Probe Places the AI Commerce on Edge
Nvidia shares fell as the Jensen Huang investigation raised governance questions. What the board has said, what remains unproven and what comes next. Nvidia shares fell more than 4% on Monday as the Jensen Huang investigation gave investors a company-specific problem during a wider rebound in AI stocks. The question is no longer simply what…
Hyperliquid Methods Studies 38.5M HYPE Treasury After $802M Deployment
TL;DR: Hyperliquid Strategies says its HYPE token treasury reached 38.5 million tokens at September 30 after a quarter in which it deployed $802 million. The Nasdaq-listed company reported the figures on November 5 alongside plans to pursue futures commission merchant status. Hyperliquid Strategies says its HYPE token treasury reached 38.5 million tokens at September 30…
Alchemy Pay Says Mississippi Licence Expands US Cash Transmission Protection to 20 States
TL;DR: Alchemy Pay says it has secured a money transmitter licence in Mississippi, taking the number of US states where it holds such authorizations to 20. The November 5 disclosure is another example of crypto payment providers building a state-by-state regulatory footprint rather than assuming one licence opens the entire US market. Alchemy Pay says…
Lombard Methods Raises $4M to Make Tokenized Belongings Simpler to Borrow Towards
TL;DR: Tokenizing an asset is only the beginning; financing it is another problem entirely. Lombard Systems announced $4 million in pre-seed and seed funding on November 5 to expand a standard it calls Delivery-versus-Lock, or DvL. Tokenizing an asset is only the beginning; financing it is another problem entirely. Lombard Systems announced $4 million in…