Global debt exceeds a historic $350 trillions 🌐 Expensive borrowing and rising interest rates on government bonds are putting increasing pressure on the global economy. Experts warn that, due to record levels of debt, governments have little fiscal room to maneuver in responding to new financial shocks.
$115 billions mega-deal: Marvell acquires Lumentum! 🚀 One of the largest acquisitions in the history of the IT market. Marvell is acquiring the developer of optical components for AI data centers. The deal will strengthen the company's position in the race for next-generation communication infrastructure and will directly challenge Broadcom.
Polygon and Solana were rivals. Now they're joining forces. Polygon is bringing its Open Money Stack to Solana, linking stablecoin transactions with banking services and cross-border payouts. The goal: make moving money between crypto and banks easier for businesses. https://t.co/Eeeb7jlEHY
Meta built a humanoid robot in just 3 months, according to The Information. Meet Max: 1.5 meters tall, powered by Nvidia's Jetson Thor, with expressive facial features and five-fingered hands. Meta is already developing Max 2 with China's Fourier. https://t.co/3N5pKzLBzl
A fake trading app made it onto Apple's App Store. Now $23,000 is missing from 27 Solana wallets. The malicious Padre Terminal clone stole funds after a user imported a private key. Only one infection route has been confirmed so far. https://t.co/DCjYzxoKDu
Food delivery app acquires another for $17 billions! 🛍 DoorDash announces the acquisition of Instacart in what is the largest deal in the consumer tech sector. The merger of these two industry giants will reshape the landscape of express grocery and restaurant food delivery. https://t.co/5u1oOkWOla
Intel plunges 23%: chip shortage and cash burn! 📉 The chipmaker's shares plummeted sharply due to production constraints and record capital expenditures. The situation is exacerbated by weak demand for PCs and disruptions at factories. Intel's problems have heightened investor concerns about a crisis in the entire chip industry.
Phantom adds Kalshi prediction markets! 🔮 The crypto wallet goes beyond just storing tokens: users in the US can now trade contracts on real-world events directly within the app. Phantom is becoming a full-fledged super-app for Web3 and trading! https://t.co/eAGNke05HM
Ford Fathom: An electric pickup for $30k that can power your home! ⚡️ Ford is developing an affordable Fathom pickup truck with a built-in 10 kW inverter. The bidirectional charging technology allows you to use the vehicle's battery as a generator for your home during power outages, extending the practicality of electric vehicles beyond just driving.
Canada tightens regulations for stablecoins! 🇨🇦 Authorities have launched consultations on new rules for stablecoin issuers. The proposed regulations require 100% reserve backing for tokens and completely prohibit paying yields to holders. The regulator is drawing on international experience, including the US GENIUS Act.
