The $300 million raise is part of the GD Culture Group’s ambition of “embracing blockchain-driven industrial transformation.” GD Culture Group (GDC), a Nasdaq-listed holding company focused on livestreaming, e-commerce and artificial intelligence-powered digital human technology, plans to raise up to $300 million for a cryptocurrency treasury reserve. In a May 12 statement, GDC and its subsidiary, AI Catalysis, announced entering into a common stock purchase agreement with a British Virgin Islands limited liability company to sell up to $300 million of its common stock. The proceeds from the stock sale will be used to fund the firm’s crypto treasury, which will include purchases of Bitcoin (BTC) and the Official Trump (TRUMP) token. Read more
In a breakthrough moment amid military escalation between India and Pakistan, both nations have agreed to a ceasefire pushed by United States President Donald Trump, with Prime Minister Shehbaz Sharif and politicians hailing the move. The intense military exchange began in the early hours of Saturday after India attacked Pakistani airbases. Soon afterwards, Pakistan launched its retaliatory operation, Bunyan-um-Marsoos, which came to an end on Saturday afternoon when both nations agreed to a full ceasefire, effective 4:30 PKT. The ceasefire was announced by US President Trump in a post on his social media platform Truth Social. “After a long night of talks mediated by the United States, I am pleased to announce that India and Pakistan have agreed to a full and immediate ceasefire,” Trump wrote, congratulating both nations and praising them for “using common sense and great intelligence”. Foreign Minister Ishaq Dar took to X to announce the ceasefire “with immediate effect” at 5:08pm, writing “Pakistan has alw...
The vice president disclosed holding up to $500,001 in Bitcoin in August 2024, but seems to have taken a back seat to Donald Trump in pushing crypto policies at the White House. US Vice President JD Vance will speak at the Bitcoin 2025 conference in Las Vegas, roughly a year after then-presidential candidate Donald Trump spoke at the same event. According to a May 9 notice from the event’s organizers, Vance will address conference attendees in person on May 28, making him the first sitting US vice president to speak at a digital asset conference. Trump provided a pre-recorded video of himself from the White House to the organizers of the Digital Asset Summit in March — his first appearance at a crypto event since taking office in January — and spoke in person at the Bitcoin 2024 conference in Nashville while campaigning. Read more