Canaan Wins Nordic Heating Bid, Turns Bitcoin Mining Waste Heat Into Residential Hot Water
Key TakeawaysCanaan Inc. won a competitive bid to deploy 8 MW of Avalon A1566HA units to a Nordic district heating network.The 8 MW project is expected to heat approximately 2,800 homes, replacing legacy fossil fuel-based heating systems.Canaan placed a 6 MW follow-on order in March 2026, signaling customer confidence and expansion potential. Canaan Deploys 920 Avalon A1566HA Miners...
Why Tether’s LemFi Deal Could Transform International Remittances
Every year, millions of migrant workers send billions of dollars back home to family members in Africa and Asia. A mother in London wires money to her parents in Lagos. A nurse in Toronto sends a portion of her paycheck to relatives in Nairobi. It sounds simple — but behind the scenes, these transfers are slow, expensive, and...
Bitcoin Ponzi trader gets 9 years for $10M Ohio scheme
An Ohio investment manager has received a nine-year prison sentence for running a $10 million Bitcoin trading Ponzi scheme that misled crypto investors. Summary ...
YGG Play, Ruyui to Feature ‘Roots of Embervault’ on Launchpad
YGG Play, the publishing arm of Yield Guild Games (YGG), announced a third-party publishing partnership with animation and gaming studio Ruyui to integrate the soulslike pixel-art RPG “Roots of Embervault” into its ecosystem. The game is featured on the YGG Play Launchpad starting Thursday, May 14, 2026, at 8:00 PM SGT, allowing players to complete in-game quests and...
Tom Steyer Wants to Save California From Billionaires. But Also Doesn’t Want Them to Leave
For those concerned about the influence of Big Tech and billionaires on California’s future, Tom Steyer looks like an obvious choice. A billionaire who amassed his fortune after founding Farallon Capital Management, one of the world’s biggest hedge funds, Steyer quit the firm in 2012 and turned to philanthropy, political advocacy, and climate activism, among other pursuits. Now,...
Ohio Man Sentenced to 9 Years for $10 Million Crypto Ponzi Scheme
An Ohio investment manager who promised clients risk-free fortunes in Bitcoin derivatives while quietly routing their money to earlier investors was sentenced Monday to nine years in federal prison — the latest courtroom reckoning in what federal authorities describe as a surging wave of cryptocurrency fraud sweeping the United States.Rathnakishore Giri, 31, of New Albany, Ohio, received a...
Trump says planned US attack on Iran was called off at Gulf states’ request
Donald Trump announced that the United States had prepared a military strike against Iran but stood down after direct appeals from leaders of Gulf nations, including the Emir of Qatar, the Crown Prince of Saudi Arabia, and the...
Elon Musk Loses OpenAI Trial, Vows Appeal After Jury Dismisses Claims Over Statute of Limitations
Key TakeawaysA federal jury dismissed Musk’s lawsuit against OpenAI on May 18, citing a statute of limitations.Musk called the verdict a “calendar technicality” and plans to appeal to the Ninth Circuit Court.OpenAI, valued at around $730 billion pre-funding, is targeting a public market debut by end of 2026. Verdict Reached, But Battle Not Over A federal jury in...
Theo Baker spent four years investigating Stanford. Before he leaves, here’s what he found.
Most members of Stanford’s class of 2026 are smart, ambitious, and poised for remarkable careers. Theo Baker already has one. In his first semester of college, Baker broke the story that forced Stanford president Marc Tessier-Lavigne to resign — work that earned him a George Polk Award, one of journalism’s highest honors. Warner Brothers and producer Amy Pascal...
