On February 19, the General Office of the State Council issued a notice on forwarding the "2025 Action Plan for Stabilizing Foreign Investment" of the Ministry of Commerce and the National Development and Reform Commission. The "Plan" proposes to implement the requirements for the complete cancellation of foreign investment access restrictions in the manufacturing sector. For areas outside the negative list of foreign investment access, foreign investment access will be managed in strict accorda...
Bitcoin miner MARA has announced that it has acquired a wind farm in Texas. The acquisition will add 114 trillion watts of wind power capacity to MARA's asset base as it expands into the energy infrastructure sector. The company will use the latest generation of ASIC mining hardware powered by renewable energy to reduce the cost of bitcoin production. MARA is the second largest publicly traded bitcoin holder with 45,659 BTC on its balance sheet.
According to Solid Intel, Tether is planning to acquire a 51% controlling stake in South American energy company Adecoagro in a deal valued at around $1.24 billion.
On February 18, according to Bloomberg, Robinhood plans to launch crypto products in Singapore in 2025 through its acquired European digital asset exchange Bitstamp. The company plans to launch these services by the end of 2025 under the guidance of local regulators. Robinhood acquired Bitstamp in June 2024 for $200 million, in part because of Bitstamp's license in Singapore, which will help Robinhood expand its business in Singapore. Bitstamp received approval-in-principle from the Monetary Aut...
OpenAI, a start-up valued at $157 billion, is considering giving its non-profit board special voting rights to defend the power of its directors in an effort to fend off Musk's unsolicited takeover offer. CEO Sam Altman and other board members are weighing a range of options following OpenAI's transformation into a more traditional for-profit company, according to people familiar with the discussions.
Wall Street trading firm Jane Street and its subsidiaries have acquired a 6% stake in bitcoin mining giant Iris Energy. As of December 31, Jane Street Group held a total of 11,797,987 shares of Iris Energy, representing a 6% stake, according to a Form 13G filing on Friday. Iris Energymined 521 BTC in January with an actual hash rate of 28.93EH/s, representing 3.71% of the Bitcoin mining production market share.
Dunamu, the operator of South Korean crypto exchange Upbit, has acquired MPAG, the global operator of digital music notation platforms. The acquisition took place in November, and Dunamu made MPAG a subsidiary by purchasing shares. MPAG operates the MyMusic Sheet platform for global users, the Mapianist platform for Korean users, and the Kokomu platform for Japanese users.
On February 15th, local time on February 14th, OpenAI's board of directors unanimously rejected Musk's offer to buy the company's assets for $97.40 billion. In a letter to Musk, the board said the acquisition was "not in the best interests" of the company's mission. OpenAI chairperson Bret Taylor also said the company "is not for sale, and the board has unanimously rejected Musk's latest attempt to undermine its competition". On the 10th, a consortium led by Musk offered $97.40 billion to seek c...
1Confirmation-backed company MeebCo has acquired Meebits from Yuga Labs for an undisclosed sum. It is reported that Meebits will launch a participation-driven rewards system Bits and form a partnership with OpenSea. Following the sale of Meebits, Yuga Labs plans to focus on the Bored Ape Yacht Club NFT brand and its Etherside meta-universe project. Daniel Alegre, CEO of Yuga Labs, has said that following the company's restructuring and layoffs in October 2023, the company will prioritize the dev...
According to LI.FI's official announcement, it has acquired Catalyst, a protocol focused on intent-driven transactions (Intents), supports resource locking, and can run in any virtual machine (VM) environment. By integrating the Catalyst team and technology, LI.FI will enhance intent execution solutions (solvers), providing developers with deeper liquidity, better price execution, faster new chain integration, and support for chain abstraction experiences.
On February 13th, according to the news of thirdweb, the company has officially acquired the decentralized social platform Yup to enhance its Web3 social SDK capabilities and support the Farcaster and Lens Protocol ecosystems. Yup was founded by Nir Kabessa (CEO) and Vernon Johnson (CTO), focusing on decentralized social and identity protocols. Its founders will serve as senior product managers and senior software engineers at thirdweb, respectively. The acquisition aims to promote the construct...
OpenAI's board on Wednesday questioned the rationality of a $97.40 billion offer from Mr. Musk and others to buy the company. On Monday, a consortium of investors led by Mr. Musk offered to buy assets of the nonprofit that controls the company, intensifying a years-long feud between Mr. Musk and OpenAI chief executive Sam Altman. In a court filing on Wednesday, the company said Musk's takeover offer was consistent with its legal claims in a lawsuit filed against OpenAI last year.
Bitcoin mining company Bitdeer has announced the acquisition of 19 acres of land and permits near Fox Creek in Alberta, Canada, for $21.70 million. The parcel has been approved to build a 101 trillion-watt natural gas power plant and is approved to interconnect with the Alberta Electricity System Operator (AESO) 99 trillion-watt grid. Bitdeer plans to start site preparation in the second quarter of 2025 and expects to have full power supply by the fourth quarter of 2026. In addition to land acqu...
On February 4th, the reporter learned from China Development Bank that in 2024, CDB will make good use of the affordable housing reloan policy, focusing on supporting Guangxi, Jiangsu, Henan, Jilin, Sichuan and other places to acquire the completed stock of commercial housing for placement and rental affordable housing, driving the relevant cities to digest nearly 10,000 sets of commercial housing. Hu Guanghua, general manager of the residential and urban construction business department of CDB,...
According to official news, Jupiter Exchange has acquired Sonar Watch and launched the Jupiter Portfolio, which provides a unified wallet overview of Solana's ecosystem of assets. The tool is deeply integrated with Jupiter Mobile to help users fully manage tokens and on-chain assets and achieve a faster and more secure trading experience.