Day: August 30, 2024

Will the SOL token’s history with SUN repeat itself?

Justin Sun, the founder of TRX, announced on the social network X his intention to buy back the $SUN meme token at $0.03. Considering that a price drop below this level could undermine the credibility of the SunPump meme launch platform and the TRX network in general. Interestingly, this message is reminiscent of a three-year-old tweet from Sam Bankman-Fried, the founder of the FTX exchange. Then Bankman-Fried announced his readiness to buy any number of $SOL tokens at a price of $3. After this announcement, $SOL experienced a “revival” and demonstrated an impressive price increase. https://preview.redd.it/zmahc8l87vld1.png?width=1280&format=png&auto=webp&s=05ebefa629738bc5c876434e7c7e3ddd7e8c2bca submitted by /u/dll_crypto [link] [comments]

Yahoo/finance: The Supreme Federal Court posted an order at 8:31 p.m. local time Wednesday night and on X ordering the service to name a legal representative in Brazil within 24 hours, “under penalty of suspension of activities in Brazil.” Anyone using VPN is subject to fines up to $8,874 a day

Elon Musk threatened a top judge in Brazil after the country’s highest court said it could block his social media website, X, if it didn’t appoint a local legal representative by Thursday night. Musk responded to the top court’s ultimatum with a seemingly AI-generated image of a supreme court justice who has been spearheading efforts in Brazil to crack down on hate speech and misinformation. The image, which showed the justice, Alexandre de Moraes, behind bars, was accompanied by a threatening message that tagged him. “One day, u/Alexandre, this picture of you in prison will be real. Mark my words,” submitted by /u/Ankle_be [link] [comments]

Ilon Musk has secured the dismissal of a $258bn lawsuit regarding Dogecoin fraud.

The tech tycoon won a court case concerning allegations of insider trading and cryptocurrency manipulation. The court dismissed the lawsuit, the authors of which considered Ilon Musk and Tesla to be involved in the Pump and Dump scheme with the Dogecoin memcoin. Initially, the plaintiffs demanded $258bn in damages from the entrepreneur and the company. https://preview.redd.it/faupo37dntld1.png?width=720&format=png&auto=webp&s=15c32a3ddce052bfb2fe0f074da38e5618f46c8c submitted by /u/Lor1al [link] [comments]

Ethereum-ETF sector recorded the first capital inflow in ten days, while bitcoin-ETF – outflow.

On 28 August bitcoin-ETF and Ethereum-ETF had different dynamics. Bitcoin-ETFs recorded an outflow of $105.19 million. Ethereum-ETFs attracted $5.84 million. This is the first capital inflow in ten days. https://preview.redd.it/k9ap59yhntld1.png?width=738&format=png&auto=webp&s=46cf266be0bae529134ff2dc3b7fac17dacd4d61 submitted by /u/Lor1al [link] [comments]

Platform Bridge has raised $58 million to develop a payment system.

Bridge has raised $58 million with the participation of Sequoia Capital, Ribbit Capital and other funds. The project team is working on creating a platform for making payments in stablecoins. Bridge aims to compete with credit cards, Swift and other payment systems. https://preview.redd.it/cmj82c47ntld1.png?width=685&format=png&auto=webp&s=556c1f61ec6480274748995c6404eb559b19b9f5 submitted by /u/Lor1al [link] [comments]

facts ✅

submitted by /u/XGramatik [link] [comments]

Markets & Mayhem @Mayhem4Markets

$MDB Sees Q3 Revenue $493M-$497M vs $478.75M Est., Adj. EPS $0.65-$0.68 vs $0.60 Est. Sees FY24 Adj. EPS $2.33-$2.47 vs $2.26 Est. Revenue $1.92B-$1.93B vs $1.9B Est. submitted by /u/Ankle_be [link] [comments]

Dell beats estimates as server sales soar 80%, riding AI wave

Dell has emerged as a top vendor for AI-oriented servers, especially those based around Nvidia chips Demand has skyrocketed from a handful of businesses and cloud providers that are investing billions in developing next-generation AI. Dell said it recorded $3.1 billion of AI server sales in the quarter, up from $1.7 billion in the May quarter. submitted by /u/Ankle_be [link] [comments]

CNBC: Intel is working with bankers to present board with strategic options to help fix its flagging businesses.

The company has been hampered by longtime problems and more recent missteps, and announced earlier this year it would lay off thousands of employees. CEO Pat Gelsinger has laid out plans to mount an ambitious turnaround at the chipmaker, which has largely been left out of the artificial intelligence boom. CNBC previously reported that some advisors, including Morgan Stanley, were helping the company on activism defense. Intel remains on track to launch its next iteration of its laptop central processor, Lunar Lake, Gelsinger said at the appearance. But investors don’t see a turnaround on the horizon, and have pushed the stock down almost 60% this year. submitted by /u/Ankle_be [link] [comments]