China Renaissance Seeks $600 Million for BNB Crypto Treasury

Bloomberg TechnologyMonday, October 13, 2025 at 10:06:46 AM
PositiveTechnology
China Renaissance Seeks $600 Million for BNB Crypto Treasury
China Renaissance is making headlines as it seeks to raise $600 million for a new public investment vehicle focused on cryptocurrency, particularly one linked to Binance. This move comes after the release of its former chairman, Bao Fan, from detention, signaling a potential turnaround for the firm. The investment could enhance China's presence in the crypto market and attract more institutional interest, which is crucial for the industry's growth.
— Curated by the World Pulse Now AI Editorial System

Was this article worth reading? Share it

Recommended Readings
Dutch Take Control of Chinese-Owned Chipmaker Nexperia Risking Retaliation
NegativeTechnology
The Dutch government's decision to seize control of the Chinese-owned chipmaker Nexperia marks a significant escalation in trade tensions with Beijing. By invoking a Cold-War era law for the first time, the Netherlands is taking a bold stance that could lead to retaliatory measures from China. This move not only highlights the growing concerns over national security and foreign ownership in critical industries but also raises questions about the future of international trade relations in Europe.
Kingsoft Surges on Bets China Will Use Its Programs Over MS Word
PositiveTechnology
Kingsoft Office Software Inc. has seen a significant surge in its stock prices following the Chinese government's decision to utilize its software for a major policy announcement. This move not only highlights the government's preference for domestic products over international ones like MS Word but also signals a growing confidence in Kingsoft's offerings. Investors are optimistic about the potential increase in demand for Kingsoft's programs, which could lead to further growth and innovation in the Chinese software market.
Latest from Technology
Self-improving language models are becoming reality with MIT's updated SEAL technique
PositiveTechnology
Researchers at MIT are making waves with their innovative SEAL technique, which enables large language models like ChatGPT to enhance their performance by generating synthetic data for self-improvement. This breakthrough not only showcases the potential of AI to evolve independently but also opens up new avenues for developing smarter and more efficient chatbots. As AI continues to integrate into our daily lives, advancements like SEAL are crucial for ensuring these technologies remain effective and relevant.
Amazon Fires Employee Who Protested Company’s Ties to Israel
NegativeTechnology
Amazon has made headlines by firing an employee who protested the company's connections to the Israeli government. This incident raises significant questions about corporate responsibility and the extent to which companies should engage with political issues. It highlights the ongoing debate over freedom of expression in the workplace and the potential consequences for employees who voice dissenting opinions.
Samsung Rides Global AI Boom to Its Biggest Profit Since 2022
PositiveTechnology
Samsung Electronics has reported its largest quarterly profit in over three years, driven by a surge in demand for memory chips amid the global boom in artificial intelligence. This significant financial performance highlights the company's strong position in the tech market and its ability to capitalize on emerging trends, making it a key player in the ongoing AI revolution.
Microsoft debuts its first in-house AI image generator
PositiveTechnology
Microsoft has launched its first in-house AI image generator, marking a significant step in the tech giant's efforts to integrate artificial intelligence into its products. This innovative tool is expected to enhance creativity and productivity for users, allowing them to generate unique images effortlessly. The introduction of this technology not only showcases Microsoft's commitment to AI development but also positions the company as a leader in the competitive landscape of digital creativity tools.
Researchers find that retraining only small parts of AI models can cut costs and prevent forgetting
PositiveTechnology
Recent research from the University of suggests that retraining only small parts of AI models can significantly reduce costs and help prevent the models from forgetting previously learned tasks. This finding is crucial for enterprises that rely on large language models, as it offers a more efficient way to customize these models without sacrificing their overall capabilities. By focusing on targeted retraining, businesses can maintain performance while optimizing their resources, making AI technology more accessible and effective.
The Pixel Watch 4 has been crowned the smartwatch king in one key area – even beating the Apple Watch
PositiveTechnology
The Pixel Watch 4 has emerged as a leader in smartwatch reparability, surpassing even the Apple Watch in this crucial aspect. This shift by Google highlights the importance of making devices easier to repair, setting a new standard in the industry. As consumers increasingly prioritize sustainability and longevity in their tech, this development could influence other companies, including Apple, to rethink their design and repair policies.