Live Feed

Coinbase to Leave Delaware for Bitcoin-Friendly Texas

Coinbase, the largest cryptocurrency exchange in the U.S., is relocating from Delaware to Texas due to the state's favorable business regulations for crypto firms. The move aligns with Texas's reputation for fostering a strong culture of innovation and support for the technology sector. Coinbase's Chief Legal Officer, Paul Grewal, highlighted in a Wall Street Journal op-ed that recent corporate-law reforms in Texas provide essential legal clarity and governance flexibility, contrasting with increasing unpredictability in Delaware’s legal framework. CEO Brian Armstrong emphasized that the decision reflects Coinbase's commitment to enhancing economic freedom and its appreciation of Texas's embrace of crypto and innovation. This transition is part of a broader trend, as many prominent companies including Tesla and Charles Schwab have already made similar moves to Texas to capitalize on its business-friendly environment and lower taxes.

Source 🔗

Would-Be $2 Billion Solana Treasury Company's Stock Crashes After Share Offering

Shares of VisionSys AI, a brain-machine and AI firm, fell over 77% in one day following its announcement of a registered direct offering intended to raise around $12 million. This significant decline marks an 88% drop over the past week, with current shares priced at $0.29. The company, which

Would-Be $2 Billion Solana Treasury Company's Stock Crashes After Share Offering

VisionSys AI (VSA), a publicly traded brain-machine and artificial intelligence company, recently announced a stock offering that sent its shares plummeting by more than 77%. Following the news, VSA stock dropped to approximately $0.29, reflecting a staggering decline of over 88% in just a week. The firm had ambitious

Would-Be $2 Billion Solana Treasury Company's Stock Crashes After Share Offering

Shares in VisionSys AI (VSA), a firm focused on brain-machine interface technology, plummeted by over 77% on Wednesday following the announcement of a stock offering aimed at raising approximately $12 million. The stock has fallen more than 88% over the past week, trading at about $0.29 per share, the

Read next