Plume Network, a modular Layer 2 blockchain dedicated to real-world assets (RWAs), has received a commercial license from the Abu Dhabi Global Market (ADGM) Registration Authority, paving the way for expansion into the Middle East. The license allows Plume to scale RWA origination and distribution across the Middle East, Africa, and emerging markets, pending further …
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Tag:expansion
USDC Issuer Circle (CRCL) Gets Abu Dhabi License in Middle East Expansion
Circle (CRCL), the firm behind the $78 billion stablecoin USDC$0.9998, said on Tuesday it has secured a Financial Services Permission (FSP) license from Abu Dhabi Global Market (ADGM), giving the company a formal foothold into the United Arab Emirates’ regulated crypto ecosystem. The license, issued by ADGM’s Financial Services Regulatory Authority (FSRA), allows Circle to …
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CoreWeave Plans $2B Convertible Note Offering for Expansion
AI infrastructure provider CoreWeave (CRWV) plans to raise $2 billion through a private offering of convertible senior notes due 2031, with proceeds earmarked for general corporate purposes and for capped-call transactions that could reduce potential future shareholder dilution. The notes include an option for purchasers to buy an additional $300 million, the company said Monday. …
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YouTube AI updates include auto dubbing expansion, age ID tech, and more
In his annual letter, YouTube CEO Neal Mohan dubbed AI one of the company’s four “big bets” for 2025. The executive pointed to the company’s investments in AI tools for creators, including ones for video ideas, thumbnails, and language translation. The latter feature will roll out to all creators in YouTube’s Partner Program this month, …
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