Sources: OpenAI is in early talks to raise up to $40B at a $340B valuation; the startup was last valued at $157B in October, when it raised $6.6B
I'm old enough to remember when $6.6B was an unheard of amount of money for a startup to be raising. Bluesky: Ed Zitron / @edzitron.com : I LOVE Masayoshi Son. The entire generative AI market is pote...
Trump Media unveils fintech brand Truth.Fi with an investment of up to $250M, which can be allocated to various investments, like bitcoin and other crypto
Trump's Net Worth Spikes Over $200 Million Mohammad Shahid / BeInCrypto : Trump Media Group to Invest Up to $250 Million in Crypto with Truth.Fi Jai Hamid / Cryptopolitan : Trump Media announces Bitco...
A look at little-known UK-based fintech Transactive, which processes €1B+ monthly and has UK and Lithuania licenses, and questions about staff ties to scammers
In the space of just five years, a little-known company on the outskirts of London has grown into a payments-industry powerhouse … Tweets: @donalgriffin1 , @fleming77 , and @silvermanjacob Tweets: Don...
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...
Sources: EU-based hedge fund Brevan Howard has raised $1B+ from institutional investors for its crypto unit BH Digital, in the largest crypto hedge fund launch
once privately derided for believing in crypto when no one else did on Wall Street — must be smiling. https://blockworks.co/... Tony Edward / @thinkingcrypto1 : Holy Cow! this is happening in a bear m...
Sources: FTX is in talks to acquire a stake in BlockFi but no equity agreement has been reached; FTX gave the crypto lender a $250M credit line this week
Happy Friday Everyone! 👋 Danny Nelson / CoinDesk : FTX in Talks to Acquire Part of BlockFi: Report Liam ‘Akiba’ Wright / CryptoSlate : FTX CEO Sam Bankman-Fried in talks to acquire a share of BlockFi...
Hong Kong-based crypto lender Babel Finance suspends withdrawals and redemptions to “protect the interests of our clients”, citing “unusual liquidity pressures”
Dear Customers， Recently, the crypto market has seen major fluctuations … Muyao Shen / Bloomberg : Crypto Lender Babel Freezes Withdrawals as Industry Pain Spreads Andrew Rummer / The Block : Babel Fi...
Yuga Labs raises ~$320M by selling 55K virtual land plots in its Otherside metaverse, causing Ethereum blockchain ripple effects and skyrocketing gas fees
Hello and welcome back to Equity, a podcast about the business … Ivan Mehta / TNW : How the BAYC metaverse mint raised Ethereum gas fees to thousands of dollars Emma Roth / The Verge : Bored Ape Yacht...