Author: Anthony Persuader
Financial Journalist with global coverage.
SoftBank Raises $40bn Loan to Fund OpenAI Investment SoftBank has just secured a US$40 billion loan to support its investment in OpenAI, the creator of ChatGPT. This move underscores its commitment to advancing artificial intelligence amid intensifying global competition. In its official statement, SoftBank Group Corp said it entered into a bridge facility agreement with a total facility amount of USD 40.0 billion, equivalent to JPY 6,384.0 billion. “SBG entered into a definitive agreement with OpenAI Group PBC, a U.S.-based company, on February 27, 2026, to make follow-on investments of USD 30.0 billion via SoftBank Vision Fund 2. “The Bridge…
Brazil Launches Pilot Project to Replace Diesel with Biofuel Brazil has launched an ambitious pilot project to replace diesel with a renewable biofuel across its municipal vehicle fleet, marking a significant step towards cleaner urban transport. Metrópoles, a partner of TV BRICS, reports that the initiative is being implemented in Passo Fundo, located in the state of Rio Grande do Sul. According to the news source, local authorities are testing how public vehicles perform when powered by a biofuel derived from renewable sources such as soy, animal fats and used cooking oil. The trial will initially involve 17 vehicles and…
STBL Gains Amidst Bearish Crypto Trading, Supply Surge STBL gained 3% to $0.0386 over 24h, showing resilience amid a broader market downturn, driven by volume-backed moves and sector tailwinds. Strong buying interest confirmed by a 25.66% surge in trading volume to $5.52 million, indicating genuine accumulation. Positive sentiment from stablecoin sector growth and a rising altcoin rotation index, providing a supportive backdrop. If STBL holds above the $0.037 support, it could test $0.040; a break below may see a retest of $0.035, with direction hinging on continued sector flows. The price rise coincided with a significant 25.66% increase in 24-hour…
OKB explodes with a 18.24% gain in 24 hours to $92.82, sharply outperforming a falling broader market, primarily driven by an explosive surge in trading volume amid institutional validation and adoption.
Ripple (XRP) has posted a 5% gain over the last 24 hours to $1.41, following a fresh rally, though the altcoin is still underperforming the broader market rally led by Bitcoin’s surge.
Bitcoin (BTC) climbed by 6.14% over 24 hours to $71,133.51 on Wednesday, outperforming a 5.01% rise in the total crypto market cap
Ethereum Stages Rebound, Gains 6% in 24 Hours Ethereum (ETHUSD) inches higher by about 6% in the last 24 hours to $2,062.11, closely tracking Bitcoin’s gain amid a broad market rally, primarily driven by beta-driven momentum as capital flows back into major cryptos. A confirmed break above it opens a path toward $2,500. With a market capitalisation of $250 billion, the altcoin staged a rebound after hitting bottom, trading below $2k in the week amid significant sell pressure across crypto names. The total crypto market cap increased 4.73% to $2.41 trillion, signaling broad buying pressure. No clear secondary driver was…
Prague Stock Exchange Ends Growth Streak with 1.4 pct Drop The Prague Stock Exchange (BCPP) interrupted its eight-week growth streak last week and weakened, its PX index losing 1.4 percent to 2,718.9 points, with tobacco company Philip Morris growing the most and energy group CEZ seeing the biggest decline, according to data from the bourse’s website. In the previous week, the Prague bourse rose by 0.3 percent. Over the whole of last year, the Prague Stock Exchange grew by 52.6 percent, the largest increase since 2004. “With above-average trading volumes, the stock market struggled in three out of five sessions,…
Naira Gains in FX Market Amid U.S. Dollar Risk-on Episode The Nigerian local currency, the naira, gained against the US dollar at the official window in the absence of significant international payments on Tuesday, according to a daily FX update from the Apex Bank. In the global forex market, the dollar slumped after President Donald Trump said there was “no going back” on his campaign to take control of Greenland even as he offered talks over the issue that has put the US and its European allies at loggerheads. A move to safe haven triggered dollar selloffs, while investors locked…
BTC Breaks Resistance in Fresh Rally, Targets Next Upswing Bitcoin (BTCUSD) breached its $94 resistance on Wednesday amidst a broad-based rally in the cryptocurrency market. BTC price has been retreating anytime it surged near $94k irrespective of market temperature. However, the latest rally was stronger, supported by improved sentiment and ETF flows, supported by technical breakout and institutional moves in the crypto market. Hence, Bitcoin has reported a 3.10% price upswing, trading at $94,928.74 over 24h, outpacing the broader crypto market gain of +3.06%. During early trading hours, Bitcoin broke above $95,000, a critical resistance level since November 2025, triggering…