24/7 Blockchain industry dynamics and breaking crypto news
Crypto exchange startup Fun has completed a $72 million Series A funding round. The investment was led by Multicoin Capital and SignalFire, with participation from Infinity Ventures, Pharsalus Capital, and Justin Mateen, co-founder of Tinder. The deal finalized in January but was recently disclosed, with valuation details kept confidential.
Read MoreBitcoin has surged past the critical $78,000 level, currently trading at $78,016.69 with a 24-hour gain exceeding 2%. Significant market volatility underscores the need for investors to exercise caution and implement robust risk management strategies.
Read MoreVenture firm 137 Ventures has raised over $7 billion for two new funds, pushing its AUM past $150 billion. The capital will target investments in AI agents, robotics, and space propulsion. As an early SpaceX backer, its stake is poised for significant growth ahead of a potential IPO.
Read MoreIran's Foreign Minister reveals the U.S. military campaign against Iran has caused over $100 billion in direct losses, with hidden indirect costs placing significant financial strain on American households.
Read MoreNvidia-backed Nebius has agreed to acquire AI inference and model optimization firm Eigen AI for approximately $643 million in cash and stock. This strategic move aims to significantly bolster the capabilities of Nebius's flagship "Token Factory" platform, positioning it as a more formidable player in the competitive AI infrastructure landscape.
Read MoreJapan's SBI Holdings has initiated negotiations to acquire shares of crypto exchange Bitbank. The move aims to integrate it as a subsidiary, significantly boosting SBI's footprint in Japan's digital asset market. The deal awaits due diligence and internal approvals.
Read MoreThe USD/JPY pair experienced sharp volatility on May 1st, sparking speculation of a second round of Japanese intervention. Analysts warn that despite temporarily deterring speculators, profound fundamental headwinds and geopolitical risks continue to pressure the yen, making a sustained reversal challenging.
Read MoreThe company maintains its STR preferred stock dividend at 11.5% for May, marking three consecutive months. Trading data shows the security's price hovering near par, with expectations of stabilization. Meanwhile, the common stock surged 33% in April, ending an eight-month losing streak and posting its first monthly gain in nine months.
Read MoreRiot Platforms achieved a strong start to the year with $33.2 million in Q1 data center revenue, primarily from equipment installation services. Notably, AMD has doubled its contract capacity to 50 MW. Total Q1 revenue reached $167.2 million, with Bitcoin mining contributing $111.9 million. The company holds 15,679 BTC, ranking as the world's seventh-largest public holder.
Read MoreJapan likely launched a massive $34.5 billion (¥5.4 trillion) currency intervention to prop up the weakening yen, its first since 2022 and the debut move for new Finance Minister Katsuya Okada. The yen surged over 3% immediately after suspected action. While initial impact is clear, authorities warn of continued volatility, signaling this currency battle is far from over.
Read MoreBrazil's central bank has prohibited the use of virtual assets for settlement in regulated electronic foreign exchange cross-border payments. The new rules mandate that payments must flow through traditional forex channels, effectively separating crypto from the official payment system but not banning domestic crypto transfers.
Read MoreThe total market capitalization of US stocks has exceeded $75 trillion for the first time, growing by $3 trillion since the start of the year. Tech giants Nvidia, Google, and Apple lead the market as the top three companies by value.
Read MoreRecent SEC filings reveal a prominent Chinese fund manager's offshore fund has acquired over 30,000 shares in Circle, valued above $3 million. This strategic move signals growing institutional interest in digital finance infrastructure.
Read MoreIsraeli media reports indicate the US is considering renewed military action against Iran, potentially targeting energy and infrastructure. Israel is on high alert, preparing for possible US-Iran talks collapse and escalating regional tensions.
Read MoreA Seoul court has granted Bithumb's request, suspending a six-month partial business ban imposed by regulators. This decision offers the exchange crucial relief amid South Korea's intensified compliance scrutiny of crypto platforms, though the status of a multi-million dollar fine remains unclear.
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