Saturday, June 27

Business

Aptos Ecosystem Commits  Million to AI Agent Adoption

Aptos Foundation and Aptos Labs have committed $50 million to Aptos development, with a particular focus on AI agent infrastructure and research, including support for two products it shipped last year to meet rising demand for onchain AI agent activity. Those…

Chaos Labs Rotates Keys After Suspected Nation-State Crypto Attack

Crypto risk management and infrastructure provider Chaos Labs said its Chaos Oracle Network, which provides data feeds to blockchain applications, was not compromised after a hacking attempt over the weekend by a potential “nation-state.”Chaos Labs founder Omer Goldberg said in…

Block Shares Jump on Strong Quarter Despite Bitcoin Dip

Jack Dorsey’s payments firm Block rose 7.9% in after-hours trading as its Q1 earnings surpassed analyst estimates, despite posting its first loss in three years.Block’s Q1 earnings came in at 85 cents per share, beating the Zacks consensus estimate of…

Coinbase Misses Estimates on Q1 Revenue, 0M Loss

Coinbase shares slid Thursday after the US crypto exchange reported a steep first-quarter loss while revenue missed Wall Street expectations.Coinbase reported a net loss of $394.1 million in Q1, its second consecutive quarterly loss after reporting a $667 million loss…

Lagos electricity regulator licenses 14 operators

The Lagos State Government, through the Lagos State Electricity Regulatory Commission, has reaffirmed its commitment to deepening smart regulation and strengthening the Lagos electricity market. This came as the commission issued licences to 14 operators in the state electricity value…

NGX market capitalisation drops to N153.86tn on selloffs

The Nigerian equities market retreated into negative territory on Thursday as a massive wave of sell-offs in large-cap stocks erased N1.922tn from the total market capitalisation. This downturn was primarily driven by investors rotating out of high-value industrial and consumer…

Germany Mulls Crypto Tax Overhaul, 1‑Year Exemption at Risk

Germany is preparing to change how it taxes Bitcoin and other cryptocurrencies from 2027, potentially ending one of Europe’s most generous long-term holding exemptions as it seeks to raise additional revenue and tighten tax compliance. Finance Minister Lars Klingbeil said…

UPDC REIT appoints SFS Capital as new fund manager

Unitholders of UPDC Real Estate Investment Trust have ratified the appointment of SFS Capital Nigeria Limited as the new Fund Manager, replacing Stanbic IBTC Asset Management Limited, amid a series of far-reaching resolutions at an Extraordinary General Meeting held both…

Coinbase Exec Predicts CLARITY Bill Markup in May

The CLARITY crypto market structure bill could see a markup in the US Senate Banking Committee as early as next week, according to Kara Calvert, the vice president of US policy at crypto exchange Coinbase.“My prediction is that we have a…

Diageo expands premium drinks push

Diageo has launched the Nigerian edition of its World Class 2026 bartending competition, expanding its push to deepen premium spirits consumption and professionalise the country’s fast-growing hospitality sector. The global drinks company formally unveiled World Class Nigeria 2026 at an…

Is 5K BTC Price Realistic?

Key takeaways:Half of the $6 billion in Bitcoin options open interest is tied to long-shot strategies used for hedging and neutral price strategies.The 9% put (sell) options premium hints that professional traders are worried about a potential Bitcoin price drop.Bitcoin…

COWA takes tree-planting campaign to Owerri

The Customs Officers’ Wives Association, Federal Operations Unit Zone C, Owerri Chapter, has joined the nationwide green border initiative tree planting campaign, tagged “Plant 1000 Trees in 1 Hour”. According to a Monday statement obtained by The PUNCH, the project…

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