Arm closes up 24.69% to $63.59 in its Nasdaq debut, valuing the company at $65.24B, after Arm priced shares at the upper end of its expected $47 to $51 range
- Arm Holdings has started trading on the Nasdaq under the ticker “ARM.” — The chip design company is valued at a steep premium relative …
Sources: internal teams at Singapore-based Crypto.com trade tokens for profit on the exchange and elsewhere, a little-known fact since the company's 2016 launch
Singapore group has desk to profit from market moves — Crypto.com, the exchange endorsed by Hollywood actor Matt Damon …
A UK Treasury Committee crypto report recommends that the government regulate trading and investment in unbacked crypto as gambling and not a financial service
Summary So-called “cryptoassets” span a wide and rapidly evolving range … Ledger Insights : UK Parliament's Treasury Committee wants crypto regulated as gambling Mastodon: Dare Oba...
A UK Treasury Committee crypto report recommends the government regulate trading and investment in unbacked crypto as gambling instead of a financial service
Bitcoin , ether and other cryptocurrencies should be regulated as gambling given the significant risks they pose to consumers …
Tether plans to invest up to 15% of its profits in bitcoin, as the stablecoin developer shifts its reserves toward crypto and away from US government debt
- Tether is set to purchase bitcoin on a regular basis from its profits. — It held $1.5 billion in bitcoin as of the end of the first quarter …
Memo: BuzzFeed plans to rely on OpenAI to enhance its quizzes and personalize its content while humans offer ideas, “cultural currency”, and “inspired prompts”
CEO Jonah Peretti intends for artificial intelligence to play a larger role in the company this year
VaynerMedia: in 2022, buying 1K video ad impressions on TikTok cost around 50% less than Instagram's Reels, ~33% less than Twitter, and 62% less than Snapchat
Advertisers and brands say an increasing amount of digital ads spend is moving away from Meta, YouTube and Twitter
SBF claims FTX had ~$60B in collateral in spring 2022, before a credit squeeze, market selloff, and “run on the bank” reduced it to $9B and led to bankruptcy
and Themselves” Now he has become a doormat apparently. https://twitter.com/... Cas Piancey / @caspiancey : Remember when the FDIC forced Brett Harrison, former CEO of FTX US, to d...
FTX sister firm Alameda paid $11.5M for control of a small WA-based US-licensed bank, raising questions about why federal regulators approved the deal
Through a subsidiary, FTX invested $11.5 million in the parent company of Farmington State Bank, which has a single branch and, until this year, just three employees.
SBF claims FTX had ~$60B in collateral in spring 2022, before a credit squeeze, market selloff, and “run on the bank” reduced it to $9B and led to bankruptcy
The former FTX CEO did not address concerns about customer funds being misappropriated or other recent revelations about the company.
DCG's Grayscale refuses to share proof of reserves, citing “security concerns”, as Grayscale Bitcoin Trust reaches new lows and DCG's Genesis halts withdrawals
Grayscale will not show proof of reserves due to “security concerns,” after its bitcoin and ether products fell to all-time lows this week.
Crypto prices sink, with bitcoin dropping ~4% to ~$16.1K and ether ~7% to ~$1.1K, dragged down by the FTX saga, hacker offloading ether, and potential contagion
Cryptocurrency prices struggled Monday in the ongoing crisis sparked by the downfall of Sam Bankman-Fried's once powerful FTX empire.
A chat via DM with SBF on why regulators “make everything worse”, FTX and Alameda's “messy accounting”, why he regrets filing for bankruptcy, ethics, and more
The fallen crypto CEO on what went wrong, why he did what he did, and what lies he told along the way.
Bankruptcy filings: FTX CEO John J. Ray III, who oversaw Enron, condemns SBF's “unprecedented” management, describing a “complete failure of corporate controls”
The former FTX CEO's unconventional style is under the spotlight as bankruptcy professionals pore over the exchange's collapse.
Mango Markets, a Solana DeFi platform, says a hacker stole ~$100M by manipulating its coin's price; the hacker made a DAO proposal to waive any investigations
Sources: FTX is close to finalizing a term sheet to buy BlockFi for ~$25M and a deal could be signed by July 1; PitchBook: BlockFi was valued at $4.8B in 2021
- Crypto exchange FTX is close to finalizing a term sheet to buy BlockFi and a deal is expected to be signed by the end of this week …
China issues regulations for food delivery platforms, mandating minimum wage, respect for worker rights, and more, leading to Meituan shares dropping by 14%+
- It extended losses after Beijing issued food platform curbs — Meituan is grappling with a broader antitrust investigation
Investigation: Israel-based NSO Group's malware infected 23 phones belonging to government officials, reporters, execs, and activists, out of 67 checked
Dana Priest, a reporter at The Washington Post for 30 years, covers national security issues. Recently, she has investigated Russian …
Elon Musk is either trading on his unique ability to move the price of Bitcoin and Dogecoin, or just trolling, and both scenarios are bizarre and incredible
As Elon Musk reverses his Bitcoin sentiment … Matthew Fox / Insider : Ethan Allen stock is soaring as traders confuse its ticker with the identical one for ether Scott Chipolina / ...