MARA Holdings Inc. is making another aggressive move in the Bitcoin space, announcing plans to raise up to $2 billion through a stock offering to fund additional Bitcoin purchases. In a March 28 SEC filing, the Florida-based Bitcoin mining giant disclosed that it would collaborate with major investment firms to sell shares periodically under a…
Japan is doubling down on its efforts to reclaim its position in the global semiconductor industry, announcing an additional $5.4 billion in funding for chip-making venture Rapidus. The latest investment, revealed by Japan’s industry ministry on Monday, brings total government support for the company to 1.7 trillion yen ($11.4 billion). Rapidus, a consortium backed by…
Financial markets worldwide experienced a sharp downturn on Monday following U.S. President Donald Trump’s announcement that tariffs would apply broadly to all countries. His remarks, made aboard Air Force One, dampened hopes that the levies would be more targeted, fueling fears that escalating trade tensions could push the global economy toward recession. With uncertainty looming,…
China’s National Offshore Oil Corporation (CNOOC) has made a significant discovery in the eastern South China Sea, unveiling a massive oilfield with proven reserves exceeding 100 million tonnes. The newly discovered Huizhou 19-6 oilfield is located approximately 170 kilometers (100 miles) from Shenzhen in Guangdong Province. According to state-owned Xinhua News Agency, test drilling at…
