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Techub News reports, a U.S. federal judge has dismissed two antitrust lawsuits filed by educational technology company Chegg and Penske Media Corporation, the parent company of Rolling Stone magazine. The two companies accused Google of abusing its market monopoly by using its AI-driven search feature (AI Overviews) to divert website traffic. In the ruling, the judge stated that the plaintiffs' allegations did not meet the requirements of antitrust law. (The Verge AI)
Techub News reports that Payments Canada, the Canadian payment system operator, has announced the approval of six new members. The new members include Bounce Finance Inc. (Bounce Pay), Everlink Payment Services ULC (FIS Everlink), Nium Canada Corporation (Nium), Pesapeer Incorporated (Pesa), Remitly Canada, Inc. (Remitly), and Vancouver City Savings Credit Union (Vancity). (Finextra Crypto Channel)
Techub News, Nasdaq-listed Fitell Corporation announced that it has invested $1.5 million to purchase 216.8 million PUMP tokens, which will be included in its digital asset treasury. Fitell Corporation stated that this transaction marks the company's first purchase of PUMP tokens to support its ongoing strategic expansion within the Solana ecosystem.
Techub News, according to Bloomberg, the Federal Deposit Insurance Corporation (FDIC) is developing tokenized deposit insurance guidelines to help financial institutions expand their digital asset businesses. FDIC Acting Chairman Travis Hill stated that the movement of deposits from the traditional financial world to the blockchain or distributed ledger world should not alter their legal nature.
Techub News: Fitness equipment supplier Fitell Corporation (NASDAQ: FTEL) has secured a financing facility of up to $100 million to support the launch of its Solana treasury strategy. The company plans to deploy SOL assets across a diversified range of on-chain DeFi and derivatives strategies to achieve excess returns. The strategies cover structured products (such as options and snowball products), on-chain liquidity provision, and other high-liquidity strategies with controllable downside risks. The generated returns will flow back into the treasury reserves, further accelerating the accumulation of SOL, increasing the amount of SOL held per share, and strengthening alignment of interests with the Solana community.
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