ETH surges to $4.2K, White House staffer quits, WLFI seeks $1.5B Nasdaq debut, LayerZero acquires Stargate.

ETH surges to $4.2K, White House staffer quits, WLFI seeks $1.5B Nasdaq debut, LayerZero acquires Stargate.

In a significant development, Intel CEO Lip-Bu Tan is scheduled to meet with White House officials following demands from the Trump administration for his resignation. The meeting comes after Republican Senator Tom Cotton sent a letter to Intel's board, raising concerns about Tan's investments in Chinese companies linked to the military. Tan has denied any wrongdoing, affirming his commitment to the United States [1].

Meanwhile, in the fintech sector, ALT5 Sigma Corporation (NASDAQ: ALTS) has announced a $1.5 billion registered direct offering and a concurrent private placement. The offering, priced at $7.50 per share, is expected to generate approximately $1.5 billion in gross proceeds. The funds will be used to acquire $WLFI tokens, establish the company's cryptocurrency treasury operations, settle existing litigation, pay existing debt, fund business operations, and for general corporate purposes [2].

Additionally, Ethereum (ETH) has surged to $4,200, while a White House staffer has resigned. In a separate move, LayerZero has acquired Stargate, further cementing its position in the blockchain ecosystem.

References:
[1] https://www.tweaktown.com/news/106939/intel-ceo-to-meet-with-the-white-house-after-us-president-demands-resignation/index.html
[2] https://www.marketscreener.com/news/alt5-sigma-corporation-announces-1-5-billion-registered-direct-offering-and-concurrent-private-plac-ce7c5ed2df88f120