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Flash
  • 17:12
    EU prosecutors investigate Northern Data's €500 million GPU procurement case
    Jinse Finance reported that, according to informed sources, last week's raid on the offices of Northern Data AG was part of a criminal investigation focusing on whether the company illegally claimed approximately 500 million euros (about 586 million US dollars) in tax breaks for high-performance computing chips. The sources stated that European prosecutors are reviewing Northern Data's purchase of graphics processing units (GPUs) for a project in northern Sweden. They are investigating whether Northern Data, backed by stablecoin issuer Tether Holdings SA, obtained tax breaks by claiming these chips were used for artificial intelligence, while in reality, the chips were used for cryptocurrency mining.
  • 17:07
    Circle expands $635 million tokenized treasury fund to Solana
    According to Jinse Finance, Messari disclosed that Circle has expanded its tokenized treasury fund, which now amounts to $635 million, and has included Solana in the portfolio. This fund expansion is part of Circle's overall strategy, with the core objective of integrating multiple blockchain networks to achieve diversified allocation of treasury assets.
  • 16:55
    Injective launches pre-IPO perpetual futures
    Jinse Finance reported that Injective has launched on-chain private equity stock derivatives (i.e., perpetual futures), allowing investors to gain exposure to pre-IPO companies such as OpenAI, SpaceX, Anthropic, and Perplexity through this product. In August this year, Injective reached an integration partnership with Republic to enhance both companies' ability to democratize private company investment for retail investors. The company stated last week that it traded $1 billion worth of real-world asset (RWA) perpetual futures contracts within 30 days.
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