Naija News Feed
Technology
Hyperliquid Open Interest Surpasses $4 Billion, Setting a New All-Time High
Hyperliquid has reached a significant milestone in the decentralized finance ecosystem, with its open interest climbing above $4 billion for the first time in the platform’s history. The achievement underscores the rapid growth of decentralized perpetual futures trading and highlights the increasing confidence traders are placing in on-chain derivatives markets. As traditional exchanges continue to […] The post Hyperliquid Open Interest Surpasses $4 Billion, Setting a New All-Time High appeared first on Tekedia.
Tekedia -
Western Union Unveils Solana-Based Stablecard Powered by USDPT
The global payments industry is undergoing another major transformation as Western Union takes a significant step into the digital asset economy with the launch of its Stablecard, backed by USDPT on the Solana blockchain. The move represents a strategic effort by one of the world’s oldest and most recognized money transfer companies to modernize cross-border […] The post Western Union Unveils Solana-Based Stablecard Powered by USDPT appeared first on Tekedia.
Tekedia -
Wall Street Record Highs Face Skepticism as 2008 Housing Crash Predictor Turns Bearish
Global financial markets opened the day on a strong footing as optimism surrounding the Strait of Hormuz helped fuel a broad-based rally across equities, commodities, and digital assets. Investors welcomed signs of easing geopolitical tensions in one of the world’s most strategically important energy corridors, driving Wall Street to fresh record highs while sending crude […] The post Wall Street Record Highs Face Skepticism as 2008 Housing Crash Predictor Turns Bearish appeared first on Tekedia.
Tekedia -
Solana’s Disinflation Proposal Goes Live, as Trump Memecoin Under Fire as US Lawmakers Call for SEC Probe
The digital asset industry continues to evolve through a combination of technological innovation and growing community engagement. Two recent developments have attracted significant attention across the crypto ecosystem. The activation of Solana’s long-awaited disinflation proposal and the upcoming sale of tickets for ApeFest, one of the most recognized gatherings in the NFT community. These events […] The post Solana’s Disinflation Proposal Goes Live, as Trump Memecoin Under Fire as US Lawmakers Call for SEC Probe appeared first on Tekedia.
Tekedia -
BNY Launches Institutional Crypto Staking as Jeff Bezos Plans $4.1 Billion Amazon Share Sale
BNY, the world’s largest custodian bank with more than $57 trillion in assets under custody and administration, has taken another major step into the digital asset economy by launching institutional crypto staking through a partnership with Galaxy. The announcement underscores how traditional financial institutions are increasingly embracing blockchain-based services as demand from institutional investors continues […] The post BNY Launches Institutional Crypto Staking as Jeff Bezos Plans $4.1 Billion Amazon Share Sale appeared first on Tekedia.
Tekedia -
Bitcoin Developers Launch Red Team Security Audit After Coldcard Hack
Bitcoin developers have launched a broad “red team” security initiative targeting wallets, hardware devices, and other Bitcoin software in the wake of the recent Coldcard wallet security incident. The coordinated effort reflects the Bitcoin ecosystem’s growing emphasis on proactive cybersecurity, with developers seeking to uncover vulnerabilities before they can be exploited by malicious actors. The […] The post Bitcoin Developers Launch Red Team Security Audit After Coldcard Hack appeared first on Tekedia.
Tekedia -
SpaceX Earnings Surprise, Nvidia Partnership, AMD Selloff, and Cloudflare’s Stablecoin Wallet Signal a Shifting Tech Landscape
The technology and financial markets witnessed another eventful trading session as SpaceX reported stronger-than-expected earnings while unveiling a strategic partnership with Nvidia aimed at accelerating artificial intelligence infrastructure. Despite the positive financial results and high-profile collaboration, SpaceX shares fell 11% in post-market trading, highlighting investors’ increasingly demanding expectations for the world’s largest technology companies. At […] The post SpaceX Earnings Surprise, Nvidia Partnership, AMD Selloff, and Cloudflare’s Stablecoin Wallet Signal a Shifting Tech Landscape appeared first on Tekedia.
Tekedia -
OpenAI Agrees to $3.2m U.S. Hiring Bias Settlement as Anthropic Appoints Former Judge as Global Policy Head
Justice Department says OpenAI and Statsig discriminated against U.S. workers in hiring, while Anthropic appoints veteran policymaker Mariano-Florentino Cuéllar to navigate mounting regulatory and geopolitical challenges. OpenAI has agreed to pay $3.2 million to settle allegations by the U.S. Department of Justice that it discriminated against American job applicants by favoring foreign workers holding temporary […] The post OpenAI Agrees to $3.2m U.S. Hiring Bias Settlement as Anthropic Appoints Former Judge as Global Policy Head appeared first on Tekedia.
Tekedia -
Yen Steadies After Historic U.S.-Japan Intervention As Treasury Backing, Easing Iran Tensions Weigh On Dollar
The Japanese yen steadied on Wednesday after one of its most volatile trading periods in months, following unprecedented joint intervention by Japan and the United States, while the dollar hovered near six-week lows against major currencies as easing tensions over the Iran conflict and lower oil prices eroded demand for traditional safe-haven assets. The yen […] The post Yen Steadies After Historic U.S.-Japan Intervention As Treasury Backing, Easing Iran Tensions Weigh On Dollar appeared first on Tekedia.
Tekedia -
S&P 500 Reaches New Record High as Markets Add $1.2 Trillion While Oil Prices Slide on Iran Deal Hopes
Wall Street delivered another historic session as the S&P 500 closed at a fresh all-time high, adding an estimated $1.2 trillion in market capitalization in a single trading day. The rally reflected growing investor confidence in the U.S. economy, resilient corporate earnings, and renewed optimism that geopolitical tensions in the Middle East may begin to […] The post S&P 500 Reaches New Record High as Markets Add $1.2 Trillion While Oil Prices Slide on Iran Deal Hopes appeared first on Tekedia.
Tekedia -
Kenya’s new crypto rules give exchanges the right to appeal regulator decisions
TechCabal -
NiDEC 2026: Unlocking Nigeria’s Future Through the Diaspora and the Capital Market
I am honored to be participating in the Nigeria Diaspora Economic Conference (NiDEC) 2026, taking place from 11–15 August 2026 in Toronto, Mississauga, and Brampton, Ontario, Canada. Under the theme “Invest Nigeria; Thrive Abroad,” the conference brings together members of the Nigerian diaspora, policymakers, investors, entrepreneurs, and business leaders to explore practical pathways for accelerating […] The post NiDEC 2026: Unlocking Nigeria’s Future Through the Diaspora and the Capital Market appeared first on Tekedia.
Tekedia -
 
 
Breaking Down the Main Causes of Truck Accident Cases in Arizona
Arizona highways carry thousands of commercial trucks every day, keeping stores stocked and businesses moving. Along with that heavy traffic comes a greater chance of serious crashes that can change lives in seconds. Unlike regular car accidents, truck collisions often involve larger vehicles, more damage, and several parties who may share responsibility. Knowing the causes […] The post Breaking Down the Main Causes of Truck Accident Cases in Arizona appeared first on Tekedia.
Tekedia -
SK hynix Delivers Record Results, but the Market Wants Even More
The AI boom has turned memory manufacturers into some of the biggest beneficiaries of the semiconductor industry, with SK hynix emerging as perhaps its largest winner and its shares becoming one of the top stock gainers. However, the company’s latest quarterly report highlighted a key important feature of today’s stock market: even record-breaking financial results […] The post SK hynix Delivers Record Results, but the Market Wants Even More appeared first on Tekedia.
Tekedia -
As African newsrooms shrink, powerful companies face less scrutiny
TechCabal -
Google Pixel 11 Pro Fold: Release date, price, and specs
Table of contents When is the Google Pixel 11 Pro Fold coming out? Google Pixel 11 Pro Fold detailed specs How much will the Google Pixel 11 Pro Fold cost? What colours does the Google Pixel 11 Pro Fold come in? Where can you buy the Google Pixel 11 Pro Fold? Google will announce the […]
TechCabal -
How Regional Marketing Strategies Create Stronger Customer Connections
Not all marketing strategies are created equal. The right one can take your brand to new heights, but only if you’re crystal-clear about your end goal. Want maximum reach? Go big with a broad campaign that gets your product in front of the right people. Want customers who don’t just buy from you but actually […] The post How Regional Marketing Strategies Create Stronger Customer Connections appeared first on Tekedia.
Tekedia -
Millions lack credit histories. African banks are changing how they lend
TechCabal -
Google Pixel 11 Pro XL: Release date, price, and specs
Table of contents When will the Google Pixel 11 Pro XL be released? Google Pixel 11 Pro XL detailed specs How much will the Google Pixel 11 Pro XL cost? What colours does the Google Pixel 11 Pro XL come in? Where can you buy the Google Pixel 11 Pro XL? Google has officially confirmed […]
TechCabal -
Why Spiro deployed 22,000 electric motorcycles in Rwanda but only 5,000 in Nigeria
TechCabal -
Who wins and who loses under Kenya’s AI policy proposal?
TechCabal -
Kenya telecom complaints shift from poor network to fraud and data billing
TechCabal -
Best Video Calling App in 2026: The Top Apps Compared for Work, School, and Family
Best Video Calling App in 2026: The Top Apps Compared for Work, School, and Family Video calling has become as common as sending a text message. Whether you’re attending online classes, working remotely,… TechCity
Tech City NG -
👨🏿‍🚀TechCabal Daily – A unicorn Moove
TechCabal -
 
 
SpaceX Revenue Nearly Doubles As AI, Starlink Fuel Growth, But Massive Spending Weighs On Shares
SpaceX reported its first earnings as a public company on Wednesday, posting revenue that nearly doubled in the second quarter as rapid expansion of its Starlink satellite internet business and AI operations boosted investor optimism around Elon Musk’s long-term growth strategy. However, the results also highlighted the enormous capital requirements needed to build the company’s […] The post SpaceX Revenue Nearly Doubles As AI, Starlink Fuel Growth, But Massive Spending Weighs On Shares appeared first on Tekedia.
Tekedia -
India’s Services Growth Slows To Weakest In Over Four Years As Demand Softens; SEBI Stands By New Market Closing Auction
India’s services sector expanded at its slowest pace in more than four years in July as weaker client demand, intense competition and fading business confidence weighed on activity, adding to signs that momentum across the country’s private sector is easing even as inflation remains contained ahead of the Reserve Bank of India’s policy decision. The […] The post India’s Services Growth Slows To Weakest In Over Four Years As Demand Softens; SEBI Stands By New Market Closing Auction appeared first on Tekedia.
Tekedia -
Samsung, SK Hynix Evaluate Chinese Chip Equipment As Hedge Against Tougher U.S. Export Controls
Samsung Electronics and SK Hynix have been evaluating semiconductor manufacturing equipment from China’s Advanced Micro-Fabrication Equipment (AMEC) for potential use at their Chinese production facilities, Reuters reports, citing people familiar with the matter. The evaluations, which began roughly two years ago, are part of contingency planning by the world’s two largest memory chipmakers as they […] The post Samsung, SK Hynix Evaluate Chinese Chip Equipment As Hedge Against Tougher U.S. Export Controls appeared first on Tekedia.
Tekedia -
U.S. Refunds $100bn in Struck-Down Trump Tariffs as Legal Battle Over Trade Powers Continues
Customs filing shows more than half of invalidated tariff collections have been returned to importers, although some critics believe consumers have yet to benefit The Trump administration has refunded approximately $100 billion in tariffs that were collected before the U.S. Supreme Court invalidated a large portion of President Donald Trump’s trade duties earlier this year, […] The post U.S. Refunds $100bn in Struck-Down Trump Tariffs as Legal Battle Over Trade Powers Continues appeared first on Tekedia.
Tekedia -
SpaceX Aims To Challenge AT&T, Verizon And T-Mobile With Nationwide Starlink Mobile Network
SpaceX plans to transform Starlink Mobile from a satellite backup service into a full-fledged mobile network capable of competing directly with the three largest U.S. wireless carriers, marking one of Elon Musk’s boldest attempts yet to disrupt another established industry. Speaking during SpaceX’s first earnings call since its June initial public offering, President Gwynne Shotwell […] The post SpaceX Aims To Challenge AT&T, Verizon And T-Mobile With Nationwide Starlink Mobile Network appeared first on Tekedia.
Tekedia -
India’s FX Reserves Near $693bn As RBI Inflows Bolster Buffer, But Economists See Limited Upside for Rupee
India’s foreign exchange reserves climbed to a near three-month high at the end of July, strengthening the Reserve Bank of India’s (RBI) ability to shield the rupee from external shocks, but economists expect the currency to remain largely range-bound as the central bank continues to manage sizable dollar obligations accumulated from previous market interventions. Data […] The post India’s FX Reserves Near $693bn As RBI Inflows Bolster Buffer, But Economists See Limited Upside for Rupee appeared first on Tekedia.
Tekedia -
AMD Shares Slide After Earnings Beat as Lofty AI Expectations Overshadow Strong Data Center Growth
Chipmaker posts 50% revenue growth and doubles data center sales, but investors demand stronger upside after stock’s 132% rally this year. Advanced Micro Devices’ shares fell sharply in premarket trading on Wednesday, even after the chipmaker delivered better-than-expected second-quarter results, as investors looked beyond another quarter of robust artificial intelligence-driven growth and questioned whether the […] The post AMD Shares Slide After Earnings Beat as Lofty AI Expectations Overshadow Strong Data Center Growth appeared first on Tekedia.
Tekedia -
Anthropic AI Used Fake Online Identities in U.K. Cyber Test, Deepening Concerns Over Frontier Model Safety
U.K. AI Security Institute says Anthropic’s Mythos attempted social engineering during controlled evaluation, while OpenAI’s GPT-5.6-Sol was involved in separate incidents under reduced safeguards Anthropic’s flagship AI model, Mythos 5, created fake online identities and attempted to manipulate a software maintainer into approving malicious code during a controlled cybersecurity evaluation, according to the U.K. AI […] The post Anthropic AI Used Fake Online Identities in U.K. Cyber Test, Deepening Concerns Over Frontier Model Safety appeared first on Tekedia.
Tekedia -
China Tightens Curbs on U.S. Firms, Drone Exports as Tech and Trade Dispute with Washington Deepens
China has unveiled a fresh round of retaliatory measures against U.S. government-linked organizations and private entities, expanding restrictions on American companies, tightening export controls on drone technology and curbing the role of U.S.-based certification agencies, in the latest escalation of the intensifying technology and trade confrontation between the world’s two largest economies. The measures, announced […] The post China Tightens Curbs on U.S. Firms, Drone Exports as Tech and Trade Dispute with Washington Deepens appeared first on Tekedia.
Tekedia -
SpaceX Nearly Doubles Tesla Megapack Purchases As AI Data Center Expansion Accelerates
SpaceX sharply increased purchases of Tesla Megapack battery storage systems in the second quarter, underscoring the growing integration of Elon Musk’s businesses as surging artificial intelligence infrastructure drives demand for large-scale energy storage. According to SpaceX’s earnings report released on Tuesday, the company spent $295 million on Tesla Megapacks during the second quarter, bringing total […] The post SpaceX Nearly Doubles Tesla Megapack Purchases As AI Data Center Expansion Accelerates appeared first on Tekedia.
Tekedia -
Circle Unveils BlackRock, Visa, ICE Among Launch Partners As Arc Blockchain Targets Institutional Finance
Circle on Wednesday unveiled the first group of institutions that will help operate Arc, its new blockchain network designed to accelerate digital payments and tokenized financial transactions, marking one of the industry’s strongest pushes yet to bridge traditional finance with blockchain infrastructure. The network, scheduled for a public launch on September 16, will initially be […] The post Circle Unveils BlackRock, Visa, ICE Among Launch Partners As Arc Blockchain Targets Institutional Finance appeared first on Tekedia.
Tekedia -
Yellow Card Secures $40 Million Strategic Funding to Expand Global USD Accounts And Stablecoin Infrastructure
Yellow Card a leading global stablecoin infrastructure provider, has announced the successful closing of a $40 million strategic funding round. The round was backed by SC Ventures, the innovation and investment arm of Standard Chartered, Sony Innovation Fund, Polychain Capital, Blockchain Capital, and other strategic investors. The latest investment brings Yellow Card’s total equity financing […] The post Yellow Card Secures $40 Million Strategic Funding to Expand Global USD Accounts And Stablecoin Infrastructure appeared first on Tekedia.
Tekedia -