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According to BlockBeats, OpenAI is planning to expand its $500 billion data center project, known as 'Stargate,' beyond the United States. However, details regarding the project's financing and implementation have not yet been disclosed. Chris Lehane, OpenAI's Vice President of Global Affairs, stated that this investment will exceed their expectations within the U.S. The 'Stargate' project was launched earlier this year at the White House by OpenAI CEO Sam Altman, alongside U.S. President Donald Trump, SoftBank CEO Masayoshi Son, and Oracle Chairman Larry Ellison. President Trump praised the initiative, describing the $500 billion investment in U.S. artificial intelligence infrastructure during his administration as a 'declaration of confidence in America.
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According to Foresight News, Nasdaq-listed Thumzup Media Corporation has filed an S-3 registration statement with the U.S. Securities and Exchange Commission (SEC). The company aims to issue common stock, warrants, units, or rights with a total value of up to $200 million. Thumzup Media Corporation intends to use the proceeds from this offering for general corporate purposes. These include acquiring Bitcoin as a primary reserve asset and managing operational funds.
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According to BlockBeats, Abu Dhabi's sovereign wealth fund ADQ, conglomerate IHC, and the First Abu Dhabi Bank, the largest bank in the UAE by assets, have announced plans to launch a new stablecoin backed by the Dirham, the official currency of the United Arab Emirates. The companies stated that the stablecoin will be fully regulated by the UAE Central Bank. This initiative signifies a deeper investment by Gulf nations in the cryptocurrency sector.
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According to BlockBeats, the Arizona House of Representatives is set to convene this afternoon at 1 PM local time to discuss two significant pieces of legislation related to Bitcoin reserves. The bills, SB1373 and SB1025, are on the agenda for a final vote. These legislative measures could have important implications for the state's approach to cryptocurrency reserves.
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According to BlockBeats, data from DefiLlama indicates that the total market capitalization of stablecoins across the network has reached $234.68 billion. Over the past seven days, this represents a growth of 0.46%. Among these, USDT holds a dominant market share of 61.85%.
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