Tencent Speeds AI Spending After Sales Grow Fastest in Years

Tencent Speeds AI Spending After Sales Grow Fastest in Years

(Bloomberg) — Tencent Holdings Ltd. outlined plans to sharply raise spending on AI infrastructure after posting its fastest pace of revenue growth since 2023, showing that China’s most valuable company is intent on keeping pace with rivals in the post-DeepSeek era. Most Read from Bloomberg Revenue rose a better-than-projected 11% to 172.5 billion yuan ($23.8…

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Binance’s USDT pair with Turkish lira sees largest amplitude since 2024 after key Erdogan rival detained

Binance’s USDT/TRY trading pair saw its highest volatility since April 2024 after Istanbul Mayor Ekrem Imamoglu, a key rival to President Tayyip Erdogan, was arrested. Turkey’s arrest of Istanbul Mayor Ekrem İmamoğlu, a key political figure, and potential 2028 presidential candidate, sent shockwaves through the country’s markets — sparking a sharp drop in the lira…

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Bitcoin long-term holder behavior shift signals ‘unique market dynamic’ — Research

Bitcoin’s corrective phase set a four-month low at $76,600 on March 11. Despite this decline, long-term holders have continued to hold large amounts of BTC, suggesting a “unique market dynamic moving forward,” new research says. “Long-Term Holder activity remains largely subdued, with a notable decline in their sell-side pressure,” Glassnode said in a March 18…

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‘Maybe We Won’t Be Selling as Much’

In a recent interview with Bloomberg, Ripple CEO Brad Garlinghouse addressed the persistent criticism surrounding the company’s XRP sales. He has stated that the company might scale them down in the future.  “You know, at some point, maybe we won’t be selling as much,” Garlinghouse told Bloomberg’s Sonali Basak.  The 53-year-old executive also took aim at…

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Crypto regulation must go through Congress for lasting change — Wiley Nickel

Crypto regulations must be enacted through an act of Congress to become permanent and meaningful pieces of legislation, according to former Congressman Wiley Nickel. In an exclusive video interview with Cointelegraph’s Turner Wright, Nickel urged bipartisan collaboration to push through comprehensive crypto regulations. The former Congressman added: “I think it’s really important for anybody who…

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Trump to speak at Digital Asset Summit: Report

United States President Donald Trump will reportedly speak at Blockworks’ Digital Asset Summit in New York on March 20, Blockworks said.  His speech will mark the first time a sitting US president has ever spoken at a cryptocurrency conference, Blockworks said in a March 19 announcement. Trump’s presence at the event underscores his embrace of…

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Volatility Shares launching Solana futures ETFs March 20

Volatility Shares is launching two Solana (SOL) futures exchange-traded funds (ETFs), the Volatility Shares Solana ETF (SOLZ) and the Volatility Shares 2X Solana ETF (SOLT), on March 20. According to the Securities and Exchange Commission filing, SOLZ will feature a management fee of 0.95% until June 30, 2026, when the management fee will increase to…

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