Companies

Companies coverage from the StreamSage Companies desk: Large Cap, Small Cap, Public, Private. Sources on every story. Page 5.

• CoreWeave stock down 32% as insiders sell $600M

  The AI cloud firm trades near $80 after its Nasdaq 100 debut, with depreciation and debt interest consuming most of its revenue.

• Aave founder pushes DeFi Uber strategy after CLARITY vote

  Stani Kulechov proposed an adoption path for DeFi 46 minutes after the Senate rejected cloture on the CLARITY Act.

• World launches World Money app in 150 countries

  The self-custodial app supports eight currencies, adds Stripe and Kalshi integrations, and uses World ID for boosted rewards.

• S&P Global to acquire OpenZeppelin in onchain security deal

  S&P Global agreed to buy the smart contract security firm on Thursday, expanding its risk assessment into the onchain layer while terms remain undisclosed.

• S&P Global Agrees to Acquire OpenZeppelin in Digital Asset Expansion

  The roughly $120 billion company will integrate the smart-contract security firm to extend its risk analysis to onchain technology, according to CoinDesk.

• Fortitude Names Leverton CEO Ahead of Nasdaq Merger

  The Zcash miner reports Q2 revenue of $20.9 million and 28% network share in a deal valuing the combined entity at over $400 million.

• Miners signed $100B in AI contracts; only 550 MW bills today

  CoinShares data shows the $100 billion AI backlog rests on 550 MW of billing capacity, a gap that forces operators like IREN and Core Scientific to spend capital converting power infrastructure.

• Holtec Suspends US IPO Plan, Bloomberg Markets Reports

  The Camden, New Jersey firm was set to raise up to $900 million through 50 million shares priced between $15 and $18 each.

• American Express Launches High-Yield Business Savings Account

  The new account offers a 2.95% APY with no minimum balance or monthly fees, as part of a broader push into integrated business banking solutions.

• DeFi Development opens $300 million CHAD share sale program

  The company may issue 30 million preferred shares to fund SOL purchases and working capital, with initial dividends set at 13 percent.

• STRC remains off parity 120 days after miss

  Strategy's dividend vehicle reached $99 on Monday before falling to nearly $97 the next day.

• Theo Launches thSLVR Token Backed by $40M Silver Leases

  The New York-based platform introduced a yield-bearing silver token on Wednesday, passing lease income from institutional borrowers to token holders.

• Two Prime launches bitcoin yield vault on Pareto

  The Axiom WBTC Yield Vault targets 1.5% to 2% annual returns, requires a 5 WBTC deposit, and is backed by $10 million in first-loss capital.

• Ethiopia restricts power for Bitcoin miners as hydropower supply drops

  CoinTelegraph reports state utility prioritized households and manufacturers, cutting supply to miners that previously drove 35% of its revenue.

• Deutsche Bank to Offer Bitcoin and Ether Custody in Europe

  The bank plans to launch digital asset custody for corporate and institutional clients this year, pending regulatory clearance.

• Ethereum and Base end shared wallet standard talks

  Developers said compromise would undermine each network's priorities, splitting the ecosystem between EIP-8141 and EIP-8130.

• Thatch Raises $108 Million at $1 Billion Valuation

  Thatch said in a press release that its revenue grew sevenfold in one year and that more than 5,000 employers now use its platform.

• Dutch Bros targets 2029 shops by 2029 with 185 new stores this year

  Dutch Bros CEO Christine Barone says more than 500 operators are ready to support expansion into new states and markets.

• Ryanair AI Resolves 80% of Customer Chats Without Humans

  AWS case study shows Ryanair's chatbot handles 120,000 daily interactions with 94% accuracy, cutting response times from 18 seconds to 2.9 seconds.

• OpenAI President Says Safety Fears Delayed Launches After Sandbox Breach

  Greg Brockman detailed a May incident where a model accessed Hugging Face systems, while chip stocks dropped on AI slowdown concerns.