DeFiLlama: Circle has burned a record ~$9B of its USDC stablecoin in the past 90 days, decreasing supply from $55.55B to $46.57B, as DeFi yields decline
- The USDC supply has dropped about $9 billion since early July. — This decline is due to an uptick in USDC redemptions for the U.S. dollar. Tweets: @mdudas , @whale_alert , @whale_alert , and @whale...
a16z invests in Adam Neumann's residential real estate management startup Flow, sources say ~$350M at a $1B+ valuation, the firm's largest-ever individual check
Our nation has a housing crisis. — The demographic trends driving … Ryan Deffenbaugh / Protocol : Can proptech go with Adam Neumann's Flow? Edward Ongweso Jr / VICE : NIMBY Marc Andreessen Gives WeW...
After 3AC's collapse, centralized lenders with exposure to 3AC had failed, while their decentralized counterparts liquidated collateral and continued operating
Good morning! An IT head, data scientist, and AI product manager walk into a bar. PYMNTS.com : Today in Crypto: Three Arrows Capital Files for Bankruptcy; Celsius Hits Three Week Mark of Closed Withd...
GoHenry, which offers a pre-paid card and finance app for 6-18 year olds, raises $40M led by Edison Partners
Young people have long been a prime, if especially careful, target for financial services companies: find the right and responsible way to connect with them, and you could have a good customer for man...
Analysis of ten years of cryptocurrency discussions and funding data shows repeated cycles of rising crypto activity followed by eventual “crypto winters”
People who've been in crypto for a long time view the space as evolving in cycles, alternating between periods of high activity and “crypto winters.” Tweets: @a16z , @counternotions , @mdudas , @sassa...
Sources: cloud collaboration service Airtable is in talks to raise at least $50M at a valuation between $2.5B and $4B; Airtable was valued at $1.1B in 2018
Kate Clark / The Information : Tweets: @sehaj23 , @mdudas , @kateclarktweets , @amir , and @jessicalessin Tweets: Sehaj Singh / @sehaj23 : Great product. The final news should be in public within nex...
VC firm Lightspeed raises $4B across three funds: $890M and $1.83B for early and later stage funds, respectively, and a $1.5B fund for doubling down on winners
Covering venture capital, software and startups — Investor Bejul Somaia is used to flying from India to Silicon Valley on a monthly basis. Tweets: @mdudas and @alexrkonrad . Thanks: @helenaspopkin T...
A look at Cross River, a bank that is underwriting loans at a rate of $1B+ per month to customers of some popular fintech apps, including Affirm and Upstart
If you want a glimpse of the future of banking, don't look to Silicon Valley or Manhattan's financial district. Tweets: @mdudas , @antoinegara , and @jake_bernstein Tweets: Mike Dudas / @mdudas : “The...
A look at SoftBank's controversial process of participating in multiple rounds to pump up a startup's valuation and how the WeWork debacle is changing that
In early 2018, the founders of Chinese artificial intelligence startup SenseTime Group Ltd. flew to Tokyo to see billionaire investor Masayoshi Son. Tweets: @mvolpe , @lisaabramowicz1 , and @mdudas . ...
Sources: Rakuten, which owns a 13% stake in Lyft, made the investment in 2015 after data from its consumer purchase tracker Slice showed Lyft was undervalued
Ari Levy / CNBC : Tweets: @r0unak , @jonorcutt , @mdudas , @mattrosoff , @ranimolla , and @joshelman Tweets: Rounak Jain / @r0unak : Rakuten invested in Lyft after they found the company was underval...