Verb Technology is raising $558 million and rebranding as TON Strategy Co., becoming the first public company to hold Toncoin as a treasury asset. Verb Technology Company's stock skyrocketed more than 200% intraday on Monday after it announced a $558 million PIPE deal and a pivot toward crypto. The social commerce company said it plans to rebrand as TON Strategy Co., becoming the first publicly traded treasury reserve vehicle for Toncoin (TON), the native token of Telegram’s blockchain ecosystem. The offering included about 58.7 million shares and pre-funded warrants priced at $9.51. Investor enthusiasm around the company’s move into crypto sent the stock soaring to a high of $29.33 before settling to about $27 at time of writing, according to Google Finance. Read more
Bitcoin ETF netflows may be key in gauging market appetite as exchange order-book liquidity puts $116,000 top of the list for bulls. Key points: Bitcoin bounces as liquidation guardrails appear above and below price, making $116,000 a key level to watch. Expectations call for BTC price support to hold above $110,000 should bears take control. Read more
Triton is Nvidia’s open-source inference server designed to optimize AI model deployment, now at the center of newly disclosed security vulnerabilities. Technology company Nvidia released on Saturday a software update to patch vulnerabilities in its Triton server, which clients use for artificial intelligence models. The vulnerabilities, which cybersecurity company Wiz calls “critical,” could lead to the takeover of AI models, data theft and response manipulation if not patched. “Wiz Research found a chain of vulnerabilities that, when combined, could let an attacker with no prior access take full control of an AI server,” Wiz head of vulnerability research Nir Ohfeld told Cointelegraph. Read more