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Techub News reports that Washington tends to rely on existing liability laws to regulate artificial intelligence, but experts are divided on the prospects of this approach. Experts believe that this move may lead to inconsistent law enforcement and an increase in legal challenges across jurisdictions. (Crypto Briefing)
Techub News reports that Binance has announced the addition of 7 new tokenized stock (bStocks) trading pairs on its spot/swap trading platform. These include Adobe (ADBEB), Forward Industries (FWDIB), Hewlett Packard (HPEB), PDD Holdings (PDDB), SharonAI (SHAZB), Wendy's (WENB), and Zoom (ZMB). The new trading pairs will allow users to trade these tokenized stock assets using USDT.
Techub News reports, according to CoinDesk, MARA Holdings sold approximately $1.5 billion worth of Bitcoin in the first quarter to improve liquidity and repay debt, while simultaneously announcing a strategic shift from mining to AI infrastructure. The company plans to allocate about 90% of its non-custodial mining capacity to AI computing and intends to acquire the Long Ridge Energy Park in Ohio for $1.5 billion. In the quarter, the company's revenue fell 18% year-on-year to $174.6 million, with a net loss of $1.3 billion primarily driven by unrealized losses on its Bitcoin holdings. It has now dropped from the second-largest publicly listed holder of Bitcoin to fourth place. The funds from the sale include $1.1 billion used at the end of the quarter to repurchase convertible notes.
Techub News reports, citing Bitcoinist, that New York Attorney General Letitia James has reached a settlement with cryptocurrency platform Uphold, requiring it to pay over $5 million in compensation to customers. The settlement addresses Uphold's misleading promotion of the CredEarn product between 2019 and 2020, falsely claiming it was backed by insurance when no such insurance existed. The New York Attorney General's Office stated that CredEarn actually generated returns by providing microloans to low-income gamers in China. Cred went bankrupt in November 2020, resulting in losses for thousands of investors. Under the settlement agreement, Uphold must pay $5 million in direct compensation to customers and return $545,000 recovered from the Cred bankruptcy proceedings.
Techub News, according to CryptoBriefing, Japanese financial services group SBI Holdings is in talks with cryptocurrency exchange Bitbank to acquire a controlling stake and make it a consolidated subsidiary. The company will proceed with the acquisition after completing due diligence, with the specific timing and structure yet to be determined. Bitbank is Japan's third-largest cryptocurrency exchange, and this month it just launched the country's first cryptocurrency-backed credit card. Against the backdrop of Japan's planned revisions to crypto regulations aimed at implementing stricter oversight, SBI has previously integrated BITPoint Japan. If this acquisition is completed, the two parties will form Japan's largest cryptocurrency asset platform group.
Techub News, according to CoinDesk, MARA Holdings has agreed to acquire Long Ridge Energy & Power for approximately $1.5 billion, to obtain its 505-megawatt natural gas plant and 1,600 acres of land in Ohio, with total electric capacity exceeding 1 gigawatt, to support AI data centers and critical IT infrastructure construction. The transaction is expected to close in the second half of 2026, which will increase MARA's owned power capacity by approximately 65% and add approximately $144 million in annualized adjusted EBITDA. The company plans to commence initial construction in the first half of 2027, with the first phase of capacity expected to come online in mid-2028, while committing to maintain existing power supply to the PJM grid.
Techub News reports, according to BitcoinTreasuries.NET monitoring, Japanese listed apparel company ANAP Holdings has increased its holdings by 5.07 bitcoins, raising its total holdings to 1422.1 bitcoins.
Techub News reported, according to The Block, Nasdaq-listed Bitcoin infrastructure company Fold released its 2025 financial report, projecting a full-year net loss of $69.6 million. The full-year operating loss widened to $27.7 million (compared to $5.8 million the previous year), while revenue increased 34% year-over-year to $31.8 million. Adjusted EBITDA loss was $17.2 million, with an adjusted loss per share of $0.41. The company added 13,000 new customers, bringing total verified accounts to 84,000. Full-year total transaction volume grew 46% to $960 million. To simplify its balance sheet, the company paid over $9.6 million to settle two outstanding convertible notes. Fold recently launched its Fold For Business service for enterprises and a Bitcoin rewards credit card offering up to 4% back in BTC. The CEO stated the credit card will significantly expand the addressable market. Fold currently holds 1,527 Bitcoins. As of press time, its stock price has fallen 61% year-to-date.
Techub News reports, according to The Block, Japanese financial group SBI Holdings has partnered with Startale Group to launch the yen stablecoin JPYSC. It is claimed that JPYSC is Japan's first stablecoin backed by a trust bank, issued and trust-managed by SBI Shinsei Trust Bank, with SBI's trading platform SBI VC Trade serving as the primary distribution channel, and Startale Group responsible for technical development. The stablecoin is expected to launch in the second quarter of this year, pending regulatory approval.
Techub News reports that Holdstation posted on platform X stating that a security incident recently occurred with its product. The extent of the impact is still being assessed, and the team is actively investigating. Affected users will be notified as soon as possible, and remediation and compensation plans will be provided. It is also recommended that users transfer their assets to a secure wallet to protect their funds.
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