Key Points: Elon Musk launches $300 million stock sale for xAI, valuing it at $113 billion. This deal underscores strong investor interest in AI innovation. Major restructuring involves integration of social platform and AI business. Elon Musk’s xAI company is conducting a $300 million stock sale transaction that values the artificial intelligence company at $113 … Read more
Robinhood Markets, Inc. has closed a $200 million acquisition of Luxembourg-based crypto exchange Bitstamp, adding over 50 licenses and registrations and an established institutional client base to its crypto arm. The $200 million consideration was unchanged from an initial agreement in June 2024 and was paid entirely in cash, Robinhood said on June 2. Source: … Read more
Strategy accelerates its unstoppable bitcoin dominance with a bold IPO move, leveraging high-yield STRD stock to fuel record-breaking BTC acquisitions and expand market supremacy. Strategy Pushes Forward With Relentless Bitcoin Growth via STRD IPO Software intelligence firm Microstrategy (Nasdaq: MSTR), which has rebranded as Strategy, announced on June 2 its intention to initiate an initial … Read more
Crypto prime broker FalconX has reportedly acquired a majority stake in Monarq Asset Management’s parent company, previously owned by bankrupt exchange FTX. According to a June 2 report from Bloomberg, the move seeks to expand the firm’s institutional client base and broaden its asset management services. Monarq Asset Management, formerly known as MNNC Group, is … Read more
Frankfurt-based 21X, a venue for trading tokenized stocks, bonds and funds regulated by Germany’s financial watchdog BaFin, has integrated Circle’s USDC stablecoin as a key settlement currency on the platform. The USDC integration is part of 21X’s mission to build a multi-currency, MiCA-aligned, open market environment for institutional trading of tokenized securities, the company said … Read more
As altcoin season heats up, not every token is riding the wave. While excitement continues to surge across the market, some big names have taken a hit. According to the latest data, top 100 tokens like dogwifhat (WIF), Injective (INJ), and Pepe (PEPE) have plummeted between 10% and 16% in just 24 hours. These aren’t … Read more
NANTERRE, FRANCE – AUGUST 03: (EDITORS NOTE: Image was captured using an underwater robotic camera.) … More Katie Ledecky of Team United States and Ariarne Titmus of Team Australia compete in the Women’s 800m Freestyle Final on day eight of the Olympic Games Paris 2024 at Paris La Defense Arena on August 03, 2024 in … Read more
United Arab Emirates’s securities regulator has introduced the finfluencer license to regulate and supervise the promotion of digital financial content in the United Arab Emirates. Redefining Regulators’ Role in Digital Economy The Securities and Commodities Authority (SCA) has launched what it calls the Middle East’s first “Finfluencer” license, a regulatory move designed to formalize and … Read more
As revealed by Lookonchain, BlackRock just moved a lot of Bitcoin — 4,113 BTC, worth about $429 million — to Coinbase Prime earlier today, breaking a buying streak that had lasted for over a month. The transactions were not hidden or small. Most of the transactions were sent in exact chunks of 300 BTC, which suggests this … Read more
KAZUHIRO NOGI/AFP via Getty Images This story is part of Forbes’ coverage of Japan’s Richest 2025. See the full list here. Facing activist investors and an unsolicited bid of nearly $50 billion from Canadian retailer Alimentation Couche-Tard (ACT), Seven & i Holdings, owner of the 7-Eleven convenience store chain, announced measures in March to improve … Read more