Sunday, June 28

Business

Haun Ventures Raises B to Fund Crypto, AI Startups

Haun Ventures has raised $1 billion to back early- and late-stage crypto startups, while expanding into artificial intelligence for the first time.The funds will focus on three areas: crypto financial infrastructure, tokenization and AI agents. The firm’s founder, Katie Haun,…

Hut 8 Secures 0M Bitcoin-Backed Credit Facility from FalconX

Nasdaq-listed Bitcoin mining and energy infrastructure company Hut 8 secured a $200 million Bitcoin-backed credit facility from institutional crypto prime brokerage FalconX, replacing its prior credit facility with Coinbase Credit. The new facility reducwd the company’s fixed interest rate to 7%…

Aave Challenges Law Firm’s Freeze on Kelp Exploit Ether

Decentralized finance protocol Aave filed an emergency motion on Monday in New York to vacate a restraining notice from a US law firm aimed at blocking Arbitrum DAO from transferring 30,766 Ether to the victims of the Kelp exploit. Gerstein Harrow…

Low labour costs boost Nigeria outsourcing ranking

Nigeria’s low labour costs and expanding talent pool are driving its rise as a major global outsourcing destination, according to a new report analysing trends in the business process outsourcing industry. The report, compiled by Ataraxis Management using its Global…

K Wave Media Shifts 5M from Bitcoin to AI Infrastructure

K Wave Media, a Nasdaq-listed media and entertainment company, said it is redirecting up to $485 million in remaining financing capacity from a Bitcoin treasury strategy into an artificial intelligence infrastructure buildout, according to a Monday 6-K filing with the…

AGHAN gives airlines final  three-day payment deadline

The Aviation Ground Handlers Association of Nigeria has issued a final ultimatum to airlines over an estimated N9bn debt, threatening to withdraw critical ground handling services if payments are not made within three days. In a letter addressed to the…

Western Union Rolls Out USDPT on Solana

Western Union has launched its US dollar-denominated USDPT stablecoin on Solana, marking its first move into blockchain-based payments and onchain settlement for its global remittance network. One of the crypto infrastructure platforms involved in the launch, Fireblocks, said on Monday that…

CBN reforms boost resilience against global shocks

As the Middle East crisis continues to unsettle economies and test resilience, SAMI TUNJI examines how the Central Bank of Nigeria’s recent reforms are influencing the country’s capacity to absorb external shocks, how effective those measures have been, and the…

Bitcoin Next Stop May Be K: Here’s Why

Key takeaways:Improved Bitcoin mining profitability and massive ETF inflows have calmed investors’ fears that miner selling could cap BTC price.Bitcoin dominance hits its highest level since July 2025 as investor interest shifts away from struggling altcoin sectors.Bitcoin (BTC) surged to…

NERC shifts metering, billing disputes to states

The Nigerian Electricity Regulatory Commission has directed electricity consumers in states with newly established state electricity regulators to channel complaints on metering, billing, and related service issues to their respective state agencies, following the implementation of the Electricity Act 2023.…

Trump-Linked WLFI Platform Sues Justin Sun for Defamation

World Liberty Financial filed a defamation lawsuit against Tron founder Justin Sun in Florida, escalating a legal fight between the Trump family-linked crypto platform and one of its largest investors.The lawsuit, filed Monday in the Eleventh Judicial Circuit Court for…

DTCC Sets Plans for October Tokenized Securities Launch

The Depository Trust & Clearing Corporation (DTCC) plans to pilot trading of tokenized securities in July with a goal of a full service launch in October.The post-trade market infrastructure giant said Monday that more than 50 TradFi and DeFi firms…

South Africa to raise fuel prices from 6 May

South Africa has announced an upward adjustment in fuel prices effective 6 May 2026, citing rising global crude oil prices, higher international petroleum product costs, and supply disruptions linked to tensions in the Middle East. The development highlights mounting pressure…

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