Tag:

Worth

‘Still, you’re paying for dinner,’ Nvidia CEO shoots back after TSMC CEO jokes about his $4 trillion NT net worth

by admin August 25, 2025

Nvidia CEO Jensen Huang is back in Taiwan for weighty negotiations with contract chipmaker TSMC. The talks are thought to be related to the new China-specific B30 chips using the Blackwell architecture. No matter the gravity of the talks, though, the Nvidia head enjoys a very cordial relationship with CC Wei, the CEO of TSMC. Their warm relationship is made clearly apparent in a video showing the two billionaires joking about who will pay the bill for dinner.

But first, some trillion-dollar chip company CEO humor.TSMC CEO C.C. Wei: We have the honor for $4 trillion guy to be my guest. More than $4 trillion, huh?Jensen: Still, you’re paying for dinnerC.C. Wei: No problem, if you agree with my wafer pricing pic.twitter.com/Y3iBtoVhqyAugust 23, 2025

(click ‘see more’ to watch the video of the tech titan pals)

With these incredibly serious negotiations probably still some way to go, the two tech leaders enjoyed dinner in Taipei. In the video, you can see them standing closely with Huang’s arm around Wei’s shoulders.

Trump-Backed WLFI to Unlock 5% of Tokens Worth $40B on Sept 1

by admin August 24, 2025

U.S. President Donald Trump’s family-backed DeFi project, World Liberty Financial (WLFI), is preparing for its first significant token unlock on September 1. The move comes just as perpetual futures for its WLFI token began trading on top exchanges, implying a market valuation of more than $40 billion.

Early Investor Unlocks and Market Debut

According to the project, early investors will receive access to 20% of their tokens purchased during two initial funding rounds. Those rounds were priced at $0.015 and $0.05 per token. The remaining 80% of investor allocations will remain locked until a future governance vote determines their release.

Initial unlock (early supporters): 20% of WLFI purchased by each wallet in the $0.015 and $0.05 rounds will unlock. This directly rewards the earliest backers.

— WLFI (@worldlibertyfi) August 22, 2025

Overall, the September unlock will account for about 5% of the token’s total supply, while allocations for founders, advisors, and team members will stay locked.

To activate their holdings, investors will be required to use an on-chain “Lockbox” system beginning August 25. The project said most users are already approved to connect immediately, with only a few failing compliance checks.

Momentum has been building for World Liberty Financial in recent months. In July, WLFI token holders voted unanimously to make the Ethereum-based token tradable. Alongside its USD1 stablecoin push, the project is preparing a loyalty scheme for users and weighing a potential Coinbase listing.

The anticipation was reflected in the debut of perpetual futures tied to WLFI. On Saturday, Binance, Bybit, and OKX all listed contracts for the token, with prices hovering between $0.40 and $0.42 in early trading. Based on the project’s 100 billion total token supply, that translates to a fully diluted valuation of more than $40 billion.

If spot trading mirrors those levels after the unlock, the Trump family’s stake in the project would carry extraordinary value. Trump’s holding company, DT Marks DEFI LLC, controls 22.5 billion tokens, equivalent to more than $9 billion at current prices. The President personally holds 15.75 billion tokens, worth over $6 billion, more than doubling the net worth Forbes currently assigns him.

The project has not been without controversy. Trump’s large stake has drawn criticism from political opponents who warn of conflicts of interest. Democrats pushed for stricter guardrails in the GENIUS Act, the stablecoin legislation signed into law by Trump in July, but most of those proposals were left out of the final bill.

Also Read: Trump’s World Liberty Scoops Up $5M in Ethereum at $4,670

Source link

August 24, 2025 0 comments

Esports

Canadian police investigating after beef thieves steal $160k worth of product

by admin August 22, 2025

Windsor police are investigating the theft of a semi-trailer loaded with more than $160,000 worth of beef after it was stolen in broad daylight earlier this month.

Authorities said the trailer, which held 530 boxes of boneless beef chuck roast, was taken from a parking lot on Cabana Road East near Windsor International Airport on August 2. The theft happened at around 6:30 p.m.

Investigators believe a dark grey Jeep Rubicon and a white Cascadia Freightliner were used in the crime. Two suspects were seen breaking into the truck before hooking up the trailer and driving away. Police say the vehicle is thought to have headed east on Highway 401.

Article continues after ad

Windsor Police

Police ask for information

The first suspect is described as slim with long curly dark hair, dressed in all black. The second wore dark pants, a light-coloured shirt, and a dark baseball hat.

Windsor police are asking residents and businesses along Cabana Road East, between Walker Road and Baseline Road, to review security or dashcam footage for possible evidence.

Article continues after ad

As for their motivation, it’s unclear why they’d want to steal so much meat and what they plan to do with it.

Article continues after ad

Anyone with information is urged to contact Windsor police’s Target Base Unit or provide tips anonymously through Crime Stoppers.

This isn’t the first high-dollar food theft to take place over the last couple of years. Back in 2024, a 63-year-old man was arrested in the UK after allegedly stealing $400,000 worth of cheese.

Source link

August 22, 2025 0 comments

Game Updates

NBA 2K26 shows off cinematic MyCareer Trailer with “five motion pictures worth of content” alongside Online Playoffs

by admin August 21, 2025

2K and developer Visual Concepts have released a new trailer for the upcoming NBA 2K26 MyCareer cinematic-style story mode, Out of Bounds.

The trailer, narrated by legendary director Spike Lee (who famously wrote and directed the 2K16 entry), shows your player going from the high school court, to watching the Draft with their family, to the starting roster of the Golden State Warriors with cameos from real-life NBA stars like Cade Cunningham and Tyrese Maxey.

2K says this iteration of MyCareer features “5 motion pictures worth of storytelling and content”, but whether that’s the Lord of the Rings extended edition or Ice Cube’s War of the Worlds remains to be seen, with a variety of different endings based on your choices and performance.

Spike Lee narrates the new NBA 2K26 Out of Bounds trailerWatch on YouTube

This trailer comes alongside new announcements for the MyNBA and MyGM career modes, with the former now including the option to create Online Playoffs for the first time. A long-requested feature, as the bracket commissioner players can seed the 16 Playoff teams, then invite 15 friends or online players to go head-to-head in a scrap for the title in what is sure to be a glisteningly sweaty game mode.

Then as a GM, you can now play through shorter bursts of MyGM gameplay across “30 unique MyGM scenarios” which are set in the offseason and task players with successfully navigating the Draft, rejuvenating an aging roster or laying the foundations for domination within an existing set up.

Previously, 2K announced that NBA and WNBA players will play on the same court in 2K26’s MyTeam mode, with a shared set of attributes and badges working the same way for both sets of players.

NBA 2K26 drops on September 5th for PlayStation, Xbox and Nintendo consoles and PC, with 7-day early access available for pre-orders of the Superstar and Leave No Doubt editions starting August 29.

Source link

August 21, 2025 0 comments

Crypto Trends

Scammer Impersonates UK Police to Steal Bitcoin Worth $2.8M

by admin August 21, 2025

The Welsh police are investigating a theft in which the scammer posed as a senior UK police officer and stole Bitcoin (BTC) worth approximately $2.8 million. The cyber team of the North Wales police stated that this theft was part of an ongoing trend where scammers target cold wallets of long-term cryptocurrency holders.

As per a Facebook post from NWP Cyber Crime Department, the scammer won the confidence of the victim by claiming that his details had been found on the phone of someone who was recently arrested and asked the victim to secure their funds via a phishing link. After gaining total control of the wallet, the scammer withdrew $2.8 million worth of BTC immediately.

“Scammers are constantly evolving their tactics,” the North Wales police said, “They are not just targeting new investors; they are crafting sophisticated social engineering schemes to trick even the most diligent holders.”

The police stated that through fear and urgency tactics used by most digital thieves, the victim was compelled to enter their seed phrase, which resulted in the diversion of funds to a sophisticated but fraudulent site. The police are now trying to trace and recover the funds, meanwhile recommending the masses to stay alert.

Police Share Advisories for Business and People

With the number of scams on the rise globally, authorities worldwide have been sharing advisories. Earlier this year, the UK police urged the public to be more vigilant against cyber crimes. They stated, “Police will NEVER call you unexpectedly to discuss your crypto assets or ask you to take action on your cold storage device. This is a big red flag.”

Moreover, earlier this month, the FBI also warned that the scammers are impersonating law agencies to contact victims of previous crypto scams and asked the public to report the scams at the earliest.

Also Read: Bitcoin Holds $113K Support, Can BTC Break Above $117.5K?

Source link

August 21, 2025 0 comments

GameFi Guides

There’s ‘No Question In The World’ Bitcoin Will Be Worth $1M: Eric Trump

by admin August 21, 2025

JACKSON HOLE, Wyo. — U.S. President Donald Trump’s son, Eric Trump, is convinced bitcoin

will eventually be worth over $1 million.

Trump, who co-founded bitcoin mining company American Bitcoin earlier this year, reiterated his excitement for bitcoin during an appearance at the SALT conference in Jackson Hole on Wednesday.

He even called himself a “bitcoin maxi.”

The businessman and executive vice president of the Trump organization said he now spends over 50% of his time on crypto projects.

He said he believes that the crypto asset will be worth $175,000 a token by the end of the year, sticking with his earlier prediction.

Trump told several personal stories pointing out what he described as the flaws of the current financial system and how bitcoin and blockchain technology can solve those issues, including faster transactions and payment settlements.

American Bitcoin, which merged with Eric and his brother Donald Trump Jr-owned American Data Center in March, is expected to go public on Nasdaq via a merger with Gryphon Digital Mining (GRYP).

The brothers own 20% of the company while bitcoin miner Hut 8 holds the remaining 80%.

Trump’s comments came hours after Coinbase CEO Brian Armstrong made a similar prediction.

Join the crypto policy conversation Sept. 10 in D.C. — Register now for CoinDesk: Policy & Regulation.

Source link

August 21, 2025 0 comments

GameFi Guides

Strategy Expands Bitcoin Holdings to 629,376 BTC Worth $46.15B

by admin August 18, 2025

Strategy Inc. continues to expand its Bitcoin (BTC) holding, escalating its accumulation despite market turbulence as prices slipped 3% to $115,539.The Virginia-based firm, led by CEO Michael Saylor, revealed on August 18 that it had acquired 430 BTC for roughly $51.4 million at an average price of $119,666 per coin.

This purchase lifts the company’s total Bitcoin holdings to 629,376 BTC, making Strategy one of the world’s largest corporate holders of the asset. Since it began its accumulation, the firm has spent $46.15 billion, averaging $73,320 per coin.

Besides the latest acquisition, Saylor highlighted the firm’s performance. “Strategy has acquired 430 BTC… and has achieved BTC Yield of 25.1% YTD 2025,” he wrote on X. Hence, despite volatile conditions, Strategy has maintained consistent gains, proving the effectiveness of its accumulation strategy.

The recent update wasn’t just about purchasing Bitcoin. Below the post, the CEO also included a fresh approach to the company’s equity issuance strategy linked to its Bitcoin reserves. The firm introduced a tiered system that considers their market value in relation to net asset value (mNAV).

When the firm’s trading value exceeds 4.0x mNAV, it issues more MSTR shares to acquire additional Bitcoin. In the range of 2.5x to 4.0x mNAV, they continue to issue shares, but only when the opportunity arises.

Strategy today announced an update to its MSTR Equity ATM Guidance to provide greater flexibility in executing our capital markets strategy. pic.twitter.com/xSwwcWubIq

— Michael Saylor (@saylor) August 18, 2025

Consequently, below 2.5x mNAV, the company restricts issuance to meeting debt or other obligations. Finally, if valuation sinks under 1.0x mNAV, Strategy may issue credit to repurchase its own shares.

SEC Filing Confirms Strategy

The company also filed a Form 8-K with the SEC as part of its update, making sure it stays in line with investor disclosure rules. In simple terms, this shows that Strategy is being open about how it manages money while steadily building its Bitcoin stash.

The firm’s bold move makes it clear that Bitcoin is not just a side investment, but its main treasury strategy. Moreover, the updated guidance shows that Strategy plans to keep using market ups and downs to grow its holdings while still protecting shareholders from too much dilution.

Also Read: Bhutan Moves $92M in Bitcoin Amid Exchange Speculation

Source link

August 18, 2025 0 comments

NFT Gaming

XRP Slips Below $3 as Nearly $500 Million Worth of Crypto Gets Liquidated

by admin August 18, 2025

Longs getting wiped out
Key level to hold

XRP, one of the top altcoins by market cap, slipped to an intraday low of $2.96 earlier this Monday.

The token has hit its lowest level since Aug. 6 as bulls struggle to regain their momentum.

XRP/USD by TradingView

CoinGecko data shows that XRP is currently the second worst-performing token in the top 10 with a 24-hour drop of more than 4%. Only Solana (SOL) has underperformed it, plunging by as much as 5%.

The entire cryptocurrency market is currently under substantial selling pressure, with Bitcoin also taking a significant hit.

Longs getting wiped out

Earlier this Friday, the top cryptocurrency came awfully close to dropping below the $115,000 level, registering an intraday low of $115,059.

According to CoinGlass, a whopping $464.70 million worth of crypto has been liquidated over the past 24 hours. Long positions account for the lion’s share of this wipeout ($380 million).

Key level to hold

As reported by U.Today, $2.81 is viewed as the crucial level for the leading cryptocurrency to hold since roughly 1.7 billion tokens had been accumulated there.

XRP is currently changing hands at $2.98 on the Bitstamp exchange.

Source link

August 18, 2025 0 comments