Business & Technology
Business and technology in crypto means the companies, infrastructure, and product moves that aren't pure protocol news. LeoDex News covers exchange business (earnings, executive moves, IPOs, geographic expansion), mining stocks (RIOT, MARA, IREN, CleanSpark), Layer-1 infrastructure providers, partnerships and acquisitions, gaming and NFT platforms with real users, and the wider Web3 product landscape.
We track the strategic moves: which exchange is winning institutional flow, which custodian is taking share, which infra provider quietly powers a category, which product launches are real and which are vapor. Skip the press-release noise — read what's actually shipping and who's actually using it.
Latest in Business & Technology
-
Momenta Global tests Hong Kong IPO appetite this week at $9B valuation
Chinese autonomous-driving startup Momenta is gauging investor interest for a Hong Kong listing targeting roughly $1 billion in proceeds at a $9 billion valuation, following regulatory approval from China's CSRC on June 10.
-
Ubisoft Co-Founder Claude Guillemot Dies in Plane Crash at 69
Claude Guillemot, co-founder and executive vice-president of Ubisoft, died in a plane crash near La Baule, France on June 19. He was 69. A twin-engine Cessna 421 crashed during approach, killing Guillemot and a flight instructor.
-
Bitcoin Trading Below $78K Mining Cost, Squeezing Operators
Bitcoin has spent five consecutive months trading below its estimated production cost of $78,000, forcing about 20% of miners into unprofitability and prompting publicly traded operators to sell over 32,000 bitcoin in the first quarter alone.
-
Standard Nuclear files for US IPO as AI power demand surges
Standard Nuclear, a TRISO fuel specialist spun from Ultra Safe Nuclear's bankruptcy, is pursuing a US IPO after closing a $140 million Series A in January 2026. The company faces a patent dispute with competitor X-energy that could impact its manufacturing capabilities.
-
Kraken becomes FIFA's first official crypto exchange at 2026 World Cup
Kraken became FIFA's Official Crypto Exchange Supporter ahead of the 2026 World Cup, which features blockchain-powered ticketing on Avalanche and fan tokens on Chiliz—signaling mainstream adoption of crypto infrastructure in global sports.
-
SpaceX IPO surges 19% on $85B debut; $1.3B Bitcoin position reshapes crypto
SpaceX's $85 billion IPO debut sparked a 19% first-day rally before cooling 3%, but the real story is its $1.3 billion Bitcoin holdings—making it one of the largest corporate crypto holders now trading publicly and potentially amplifying digital-asset volatility.
-
HIVE shares jump 10% on $220M Canada sovereign AI infrastructure deal
HIVE Digital Technologies announced a three-year, $220 million GPU cloud contract with Bell Canada and Cohere to deploy Nvidia Grace Blackwell processors at a facility in British Columbia, supporting Canadian government and corporate AI clients while adding roughly $70 million in annual recurring revenue.
-
CME sues CFTC over Bitcoin perpetual futures approval
CME Group plans legal action against the CFTC over its decision to approve crypto perpetual futures, arguing the products are swaps under Dodd-Frank and should face stricter oversight. Outgoing CEO Terry Duffy announced the lawsuit Wednesday.
-
SBI Remit and Fasset Partner on Stablecoin Remittance Network
SBI Remit and Fasset announced a partnership to build stablecoin-powered payment infrastructure for cross-border remittances and financial services, combining SBI Remit's distribution reach with Fasset's 50+ banking corridors.
-
2026 World Cup Mexico ticket prices lock out fans as NFT solutions fail
Ticket prices for the 2026 FIFA World Cup in Mexico range from $140 to over $8,680, prompting President Claudia Sheinbaum to call on FIFA to reconsider. Blockchain-based solutions including NFTs and fan tokens have failed to bridge the affordability gap.
-
DP World seeks return to US ports after 20-year absence
DP World, the Dubai-based port operator, is negotiating an exclusive lease at Port of Corpus Christi in Texas—its first major US terminal push since Congress forced a 2006 divestment over national security concerns. The deal remains in early stages.
-
Coinbase Launches Tokenized Stocks With Onchain Ownership and Dividends
Coinbase announced plans to introduce tokenized stocks backed one-for-one by underlying U.S. equities, allowing users to own and trade securities onchain while automatically receiving dividends. The move positions the exchange in a rapidly growing market that includes competitors Kraken and Robinhood.
-
2026 FIFA World Cup launches largest blockchain-sports experiment with Kraken, NFTs
The 2026 FIFA World Cup's expanded 48-team format is now the largest integration of blockchain technology with live global sports, featuring Kraken as the official crypto exchange and FIFA Collect as a dynamic NFT platform on Avalanche. Early adoption has reached 85,000 addresses, but security experts warn of World Cup-themed memecoins and historical volatility in sports NFTs.
-
Strategy Expands Cash Reserves to $1.1B, Buys 1,587 Bitcoin
Strategy increased its USD Reserve to $1.1 billion and purchased 1,587 Bitcoin for $100 million, signaling a second consecutive week of cash accumulation and Bitcoin buying after dipping into reserves last month.
-
Razorpay confidentially files for IPO at $5–$6B valuation
Razorpay, India's leading fintech platform, has confidentially filed its IPO prospectus targeting $600 million at a $5–$6 billion valuation—a significant markdown from its $7.5 billion peak. The move reflects a broader trend among Indian startups seeking measured market debuts amid regulatory scrutiny.
-
Premier League transfer window opens amid crypto partnerships surge
The Premier League summer transfer window opened June 15, 2026, as crypto companies intensify their presence in English football through fan tokens, sponsorships, and partnerships worth £130 million in the prior season.
-
Bitcoin mining difficulty drops 10% in 11th-largest adjustment
Bitcoin's mining difficulty fell 10.09% on Sunday to 124.93 trillion, the second-largest drop of 2026, as hashrate declines and June's 15% price drop squeeze miner margins.
-
Ronaldo brings Binance NFT deal and Portugal fan token to 2026 World Cup
Cristiano Ronaldo, 41, has landed in the US with Portugal for his sixth World Cup, bringing his multi-year Binance NFT collaboration and exposure to the official POR fan token—a volatile asset that could spike or crater depending on the team's tournament performance.
-
USMNT routs Paraguay 4-1 as Kraken, Chainlink debut crypto at 2026 World Cup
The US Men's National Team defeated Paraguay 4-1 in the opening match of the 2026 FIFA World Cup on American soil, while Kraken, Chainlink, Chiliz, and Avalanche rolled out blockchain integrations designed to reshape fan engagement and prediction markets across the tournament's 104 matches.
-
Bitcoin mining difficulty drops 10.3%, second-largest 2024 decline
The Bitcoin network faces one of its steepest mining difficulty adjustments in history this weekend as miner margins collapse under relentless price pressure. The 10.3% reduction would rank as the second-largest drop in 2024 and the 11th-largest since Bitcoin's 2009 inception.
-
FIFA 2026 World Cup expands to 48 teams, partners with Kraken
The 2026 FIFA World Cup will feature 48 teams across 12 groups and 104 total matches. FIFA announced Kraken as the official crypto exchange partner and is integrating blockchain technology for digital collectibles and ticket redemptions.
-
SpaceX IPO prices at $135/share, targets record $75B proceeds
SpaceX priced its initial public offering at $135 per share on June 11, 2026, with trading beginning June 12 on Nasdaq under ticker SPCX. The offering targets $75 billion in proceeds—the largest IPO in history—and values the company at approximately $1.77 trillion, surpassing Tesla's market cap.
-
SpaceX lists on Nasdaq under ticker SPCX in largest IPO ever
SpaceX began trading on Nasdaq on June 12 under the ticker SPCX, raising approximately $75 billion at $135 per share in the largest initial public offering in history, valuing the company between $1.75 trillion and $1.8 trillion.
-
Gary Gensler Backs States in Prediction Market Regulation Fight
The former SEC and CFTC chair filed an amicus brief with the Sixth Circuit arguing Congress never intended to give the CFTC exclusive authority over sports betting, siding with states against the agency he once led.