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Share link:In this post: Rumble may buy Northern Data for €1B, offering 2.319 Rumble shares per Northern Data share. Northern Data will sell its bitcoin mining unit to Elektron Energy for up to $235M, with proceeds going toward repaying a Tether loan. Rumble’s Q2 loss widened to $30.2M despite 12% revenue growth; monthly active users fell to 51M.
Share link:In this post: Indonesia proposes sovereign AI fund to boost position as regional tech hub. A strategy paper outlines the roadmap for AI growth to 2030, pending public input. However, the plan faces hurdles including skills shortages, low research spend, and patchy internet.
Share link:In this post: Ant Group denied claims on Chinese social media regarding plans to develop rare-earth-backed stablecoins in collaboration with the People’s Bank of China (PBoC). The denial was issued on August 11, 2025, amid growing speculation about the potential for stablecoins backed by rare earth elements. JD.com and Alibaba have been trying to get the People’s Bank of China to approve a stablecoin based on the offshore yuan to challenge USD-backed stablecoins.
South Korean retail investors shift focus from US tech stocks to crypto, as regulatory changes drive the move.
Stellar price remains inside a bullish setup after its recent breakout, but record exchange balances and fading momentum hint that gains could take longer to arrive.
- 09:25The South Korean Financial Services Commission plans to ban interest payments on stablecoins and will submit the relevant bill within the year.ChainCatcher news, according to Yonhap News Agency, Lee Bok-hyun, Chairman of the Financial Services Commission of South Korea, stated during the National Assembly's state audit that, in principle, payment-type stablecoins are not allowed to generate interest payments from holding or usage. Lee Bok-hyun mentioned that South Korea will follow the relevant principles of the US "Genius Act" to prohibit such practices. In addition, he said that a consortium model led by banks will be explored, restricting fintech companies to act only as technology partners, and prohibiting virtual asset exchanges from issuing stablecoins on their own. Regarding the second phase of virtual asset legislation, he confirmed that it will be submitted within the year and is currently in the final coordination stage. He also mentioned the overseas demand potential for stablecoins in areas such as virtual asset trading, payment settlement, and cross-border remittances, and plans to expand applications and prepare related work in advance.
- 09:23CryptoQuant: The transfer volume of altcoins into exchanges has reached a new high for this yearJinse Finance reported that, according to CryptoQuant data, the transfer volume of altcoins into exchanges has climbed to a new year-to-date (YTD) high.
- 09:23Fox News Congressional Correspondent: The Senate is expected to reconvene later today, while the House is expected to remain in recess.Jinse Finance reported that Chad Pergram, a Fox News congressional correspondent, stated that the U.S. government shutdown is still ongoing. The Senate is expected to reconvene later today, while the House of Representatives is expected to remain in recess with no votes scheduled.