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Nvidia denies receiving DOJ antitrust subpoena

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Nvidia has formally denied receiving a subpoena from the U.S. Department of Justice (DOJ) in response to recent market speculation. The company’s denial has led to a notable increase in its stock value during after-hours trading.

The DOJ’s purported subpoena was rumored to be related to an ongoing investigation into potential regulatory issues affecting Nvidia. However, the company has issued a statement refuting these claims, asserting that it has not been served with any such legal request. Nvidia emphasized its commitment to complying with all regulatory requirements and maintaining transparency with its stakeholders.

Following the announcement, Nvidia’s shares experienced a significant uptick in after-hours trading, reflecting investor relief and renewed confidence in the company’s operational stability. The spike in stock value underscores the market’s sensitivity to regulatory news and the impact such developments can have on investor sentiment.

Nvidia’s stock had faced pressure earlier due to concerns over potential legal challenges and their implications for the company’s business operations. The denial of the subpoena and the subsequent share price increase highlight the volatile nature of the market, especially in response to regulatory news and corporate disclosures.

The company’s denial also serves to clarify the situation for investors and analysts who had been closely monitoring the developments. Nvidia remains a major player in the technology sector, and the resolution of these regulatory concerns is likely to be closely followed by the financial community.

In summary, Nvidia has denied receiving a subpoena from the U.S. DOJ, leading to a rise in its shares during after-hours trading. The company’s response has alleviated market concerns, contributing to a rebound in investor confidence and highlighting the significant impact of regulatory news on stock performance.

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7-Eleven South Korea to accept CBDC payments in national pilot program

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7-Eleven is set to participate in the testing phase of a central bank digital currency (CBDC) initiative, running from April to June. The retail giant’s involvement highlights the growing push for digital currency integration in everyday transactions.

The pilot program will assess the feasibility of CBDC payments at 7-Eleven stores, allowing customers to make purchases using the digital currency. The initiative is part of a broader effort to explore the real-world application of CBDCs in retail environments, potentially shaping future payment systems.

As central banks worldwide accelerate their digital currency research, private sector collaboration is seen as crucial for widespread adoption. If successful, 7-Eleven’s participation could pave the way for broader CBDC usage across retail and commercial sectors.

The outcome of the testing phase will provide valuable insights into consumer adoption, transaction efficiency, and potential regulatory considerations, influencing how CBDCs are integrated into mainstream financial systems.

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SEC and Gemini ask to pause lawsuit to explore ‘potential resolution’

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The U.S. Securities and Exchange Commission (SEC) and crypto exchange Gemini have agreed to pause legal proceedings as both sides explore a potential resolution to their ongoing lawsuit. The move signals a possible settlement in the high-profile case, which centers around Gemini’s now-defunct Earn program.

The SEC initially sued Gemini, alleging that the Earn program—designed to offer users yield on crypto deposits—operated as an unregistered securities offering. Gemini has pushed back against the claims, arguing that its operations complied with regulatory standards.

By pausing litigation, both parties may be looking for a compromise that could set a precedent for crypto lending products in the U.S. A settlement could also provide regulatory clarity for similar platforms navigating SEC scrutiny.

While the outcome remains uncertain, the crypto industry is closely watching the case, as its resolution could impact future enforcement actions and the broader regulatory approach toward digital asset lending services.

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GameStop finishes $1.5B raise to add Bitcoin to its balance sheet

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GameStop has successfully completed a debt offering, raising capital that may be used to acquire Bitcoin, signaling the company’s deeper foray into digital assets. The move aligns with its broader strategy to diversify beyond traditional retail operations and into emerging financial technologies.

While GameStop has not confirmed the exact allocation of the funds, market speculation suggests that a portion could be used to buy Bitcoin, following in the footsteps of companies like MicroStrategy. The potential investment would reinforce GameStop’s ongoing pivot toward blockchain and digital assets, an effort that began with its NFT marketplace and crypto-related initiatives.

Analysts see this development as part of a growing trend of corporations exploring Bitcoin as a reserve asset amid concerns over inflation and monetary policy. If GameStop proceeds with the acquisition, it could further validate Bitcoin’s role as a strategic investment for publicly traded companies.

The company’s board will ultimately decide how the newly raised capital is deployed. Investors and the broader crypto market are watching closely for any official announcements regarding GameStop’s Bitcoin strategy.

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