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Shares of American Bitcoin Corp., the mining company tied to the family of US President Donald Trump, experienced a sharp decline on Tuesday, despite a broader recovery in the cryptocurrency market. The company faces continued challenges following a significant decrease in stock value over recent months.Sponsored SponsoredAmerican Bitcoin Corp. Faces LossesAs crypto markets rejoiced amid Bitcoin’s…

Bitcoin BTC$87,058.23 briefly slipped below its network value based on Metcalfe value modeling for the first time in nearly two years, according to network economist Timothy Peterson. This is typically a signal that often marks the late stages of market resets, he said.”While this does not necessarily signal a bottom, it does indicate that most…

Strategy CEO Phong Lee said the company is unlikely to sell Bitcoin before 2029, citing a $1.44 billion reserve created to support dividend payments. He said the reserve is intended to reduce the chance the firm would need to liquidate BTC during a prolonged downturn. The cash buffer, he added, separates short-term obligations from the…

Key Takeaways NVIDIA and Mistral AI have formed a partnership focused on accelerating the development of open-source language models. The collaboration continues existing efforts, including development of the Mistral NeMo 12B language model for chatbots and coding tasks. Share this article NVIDIA and Paris-based large language model (LLM) developer Mistral AI have formalized a strategic…

Bitcoin miner Iren (IREN) plans to raise as much as $2.3 billion through a convertible note sale to refinance existing debt as the hashprice falls to a five-year low, hitting revenue.The company, which also offers processing power for training AI models, is looking to issue $1 billion of convertible senior notes due 2032 and $1…