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The Bank of England will receive a statutory duty to promote innovation in payments and digital money, signaling government intent to accelerate stablecoin development within the UK.
FRIEND token surged over 1,500% following a $1 million buyout offer from trader Jeffrey Huang for the Friend.tech platform, driving the token price from lows near $0.00002225 in July to around $0.051.
OSI Systems reported record quarterly earnings of $3.78 per share despite revenue missing guidance, with a $1.9 billion backlog and new major defense contracts supporting future growth.
Daqo reported improved financial metrics in the second quarter despite continuing losses in its polysilicon business, while investing in AI data center power infrastructure with a strong $1.92 billion liquidity position.
Enbridge has secured a C$2.7 billion financing deal with KKR and Apollo for expansions of its Westcoast natural gas pipeline system in British Columbia, with the investors receiving a 29% indirect interest.
CrowdStrike and Okta shares surged following earnings reports showing that AI adoption is driving increased cybersecurity spending, with CrowdStrike gaining 20% and Okta rising nearly 29%.
