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Hut 8 Commits $16 Million Investment to Expand Water Supply System to Support AI Data Center Development

57 minutes ago

On May 19th, Hut 8 announced it has struck a deal with West Feliciana Parish in Louisiana, USA, to invest roughly $16 million to expand the parish’s local water supply system in support of its River Bend artificial intelligence (AI) data center campus development. The investment includes building a new water well, roughly 8 miles (about 13 kilometers) of water supply pipelines, and additional system upgrades. Once finished, the full infrastructure will be transferred to the parish at no cost to taxpayers, with the project expected to wrap up in the second half of 2026. Hut 8 said this move is part of its energy infrastructure platform strategy, aimed at integrating power, digital infrastructure, and computing capacity to serve next-generation high-energy computing needs—such as AI data centers.
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Pump.fun will introduce a USDC trading pair for the newly issued token on May 21st.

May 19: Solana-based token launch platform Pump.fun is rolling out a USDC trading pair for all new token listings starting May 21, a major pivot from its long-standing Solana-only model. Since going live in January 2024, the platform has cumulatively locked up roughly 5.07 million SOL (valued at around $4.3 billion) as tokens move to liquidity pools—an update projected to significantly impact Solana’s broader economic structure.

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Strive Invests $30.3 Million to Increase Bitcoin Holdings to 382 Coins

On May 19th, Strive CEO Matt Cole revealed on social media that he boosted his bitcoin position by roughly $30.3 million to purchase 382 bitcoins at an average price of around $79,348 per BTC, bringing his total bitcoin holdings to 15,391 coins.

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US Stock Futures: Storage Sector Weakened Pre-market, SanDisk Down Over 3%

May 19th: According to Bitget’s market data, the US storage sector weakened in pre-market trading, with Micron Technology (MU) declining 2.5%, SanDisk (SNDK) dropping 3.3%, Western Digital (WDC) falling 3.85%, and Seagate Technology (STX) decreasing 3.22%.

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Securities and Futures Commission (SFC) Warns Against Scams Claiming Investor Compensation Fund Claims

**MAY 19 – Hong Kong Securities and Futures Commission (SFC) Advisory** The Hong Kong Securities and Futures Commission (SFC) is urging the public to stay highly vigilant against a sophisticated scam that misuses the Investor Compensation Fund (ICF), a fraud that often leaves victims with additional financial losses. The SFC says it has recently received reports of scammers targeting people who already suffered investment losses—most likely from scams run by the same criminal syndicate. These fraudsters falsely tell victims they are eligible to recover their money via the ICF. In these schemes, scammers usually pretend to be SFC officials or legal professionals. They claim victims must pay an extra "deposit" or "fee" to get their "refund" from the Compensation Fund, a trick that has already fooled many people into falling for this secondary fraud. If you have any doubts about someone claiming to arrange compensation for your investment losses, contact the Investor Compensat

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ADP Employment Change in the US for the week ending on May 2nd showed a weekly variation of 42,250 people, compared to the previous value of 33,000 people.

May 19 – U.S. ADP Nonfarm Employment Change for the week ended May 2 was reported at 42,250, up from the prior reading of 33,000. (FXStreet)

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U.S. Official: White House NSC Meeting Today Delayed Due to Trump Postponing Iran Strike

May 19 – Per Al Jazeera, U.S. officials have announced that a White House National Security Council meeting, set to take place today, has been postponed due to President Trump’s decision to delay the planned attack on Iran.

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