ChainCatcher news, citing sources from The Wall Street Journal, reports that the American hedge fund Starboard Value has acquired a stake in Riot Platforms, with specific shareholding details unclear, and is pushing the company to improve its business model.According to reports, Starboard has been urging Riot to convert some of its Bitcoin mining sites into data centers to host machines for large tech companies, providing high-performance computing (HPC).Riot is currently a "pure" Bitcoin miner, with its revenue solely coming from Bitcoin mining, while some of its peers, such as Core Scientific (CORZ), utilize a significant portion of their facilities for HPC and artificial intelligence computing.

ChainCatcher news, as cryptocurrency becomes institutionalized, more and more companies are seeking to add Bitcoin to their reserves and use it as a key tool in their operational plans. David Bailey, CEO of Bitcoin Magazine and crypto advisor to the Trump campaign, confirmed that companies from two countries are interested in implementing this new business model pioneered by Michael Saylor's company Microstrategy.Bailey stated: We are currently in talks to implement the Microstrategy/Metaplanet strategy in two other foreign capital markets. This strategy will be promoted globally. Although Bailey did not specify which two capital markets, he mentioned that South Korea is not one of them.

ChainCatcher news, according to Ming Pao, Hong Kong's Financial Secretary Paul Chan disclosed in the latest "Budget" that the Hong Kong Monetary Authority will soon launch a "sandbox" to allow institutions intending to issue stablecoins to test the issuance process, business models, investor protection, and risk management systems within a controlled environment, as well as to communicate regarding future regulatory requirements.Paul Chan also stated that the Hong Kong government established legislative proposals for the regulatory framework for stablecoin issuers at the end of last year, consulting public opinions, with the goal of creating a regulatory system that ensures financial stability while not hindering innovation.

ChainCatcher news, according to Decrypt, Rohit Chopra, the director of the Consumer Financial Protection Bureau (CFPB), has issued a warning that large financial companies in the United States are widely collecting financial data from Americans, a practice that could lead to the U.S. becoming a market structure similar to that of China.To address this issue, Chopra urged the implementation of new regulatory measures, requiring payment companies to provide more information about personal data and the use of digital currencies. He emphasized that the disclosure of this information is crucial, as private companies have accumulated significant power over Americans' financial decisions.To limit surveillance opportunities, the CFPB is considering direct oversight of non-bank financial platforms' services while promoting a shift in the U.S. towards an open, competitive, and decentralized banking model to ensure personal data is not misused.Additionally, Chopra noted that the CFPB is prepared to take new actions related to digital currencies, with a particular focus on stablecoins. He emphasized that stablecoins may involve risks of surveillance and token instability, and therefore the CFPB is considering requiring technology companies to provide more information about their digital currency business models and to undergo new reviews.

ChainCatcher news, ChainCatcher and RootData held an offline exchange event today at 14:00 in Singapore themed "New Trends in Web3 and Changes in Investment and Financing." During the keynote speech, Roger, the Investment Director of the game publisher Xterio, shared a presentation on "The Combination of AI and Blockchain in Games."Roger stated that in the booming AI sector this year, the vast majority of investments are directed towards infrastructure, with very little investment focused on applications. The market needs the emergence of multi-module AI applications. In the past, the market has seen the birth of blockchain games represented by Axie and AI games represented by the mobile game "逆水寒" (Nishuihan). Currently, games that integrate AI and blockchain are also emerging, such as Xterio's incubated AI companion game Palio, which aims to create a "co-creation" and "sharing" IP universe based on AI's content derivation capabilities and the decentralized characteristics of Web3.Roger believes that AI and blockchain will together bring multifaceted changes to the gaming industry, such as enhancing the diversity of game content, improving customization and nurturing experiences, and bringing changes to business models.