Robinhood boosts AI capabilities with Pluto Capital acquisition

Robinhood has acquired AI-powered investment research platform Pluto Capital for an undisclosed amount. According to a July 1 statement, the purchase would allow Robinhood users to access several features, including enhanced data analysis, personalized investment strategies, real-time insights, and portfolio management. Under the deal, Pluto Founder and CEO Jacob Sansbury will join Robinhood to accelerate […]

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Vivek Ramaswamys Strive makes bold move as first NASDAQ-listed asset manager with a Bitcoin treasury

Strive Asset Management has agreed to merge with Asset Entities Inc., setting the stage for a bold transition into a Bitcoin-focused treasury company. According to a May 7 statement, the deal will see the combined firm operate under the Strive name and continue trading on NASDAQ. The firm said the move would create the first […]

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Strategy seeks to raise $2.1 billion from STRF stock offering to bolster its Bitcoin holdings

Strategy (formerly MicroStrategy) has unveiled plans to raise $2.1 billion via sales of its Series A Perpetual Strife Preferred Stock (STRF). According to the May 22 statement, the stock will be issued under an at-the-market (ATM) program. This structure allows Strategy to sell shares gradually, based on favorable market conditions like trading volume and price. […]

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OpenAI ventures into hardware with $6.4B deal for legendary designer Jony Ives startup io

OpenAI announced on May 21 that it will acquire Jony Ive’s artificial intelligence hardware startup io in an all-equity transaction valued at approximately $6.4 billion, according to a report by CNBC. The acquisition, OpenAI’s largest to date, marks a decisive step into hardware for the company best known for its generative AI models. The deal […]

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Strive eyes 75,000 distressed Bitcoin claims from bankrupt Mt. Gox estate for its reserves

Strive Asset Management Firm has partnered with 117 Castell Advisory Group to acquire distressed Bitcoin claims, including those linked to the long-defunct Mt. Gox exchange. According to a May 20 filing with the US Securities and Exchange Commission (SEC), the firms will target claims that have received definitive legal rulings but are still awaiting distribution. […]

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Circle in talks with Coinbase, Ripple over potential sale amid $5B IPO plans

Circle is pressing ahead with plans to go public, but the stablecoin issuer is also exploring the possibility of a sale to either Coinbase or Ripple, Fortune reported on May 19, citing people familiar with the matter. The company filed paperwork in April for a long-awaited initial public offering (IPO) targeting a $5 billion valuation, […]

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Trump Targets 20 Nations in New Tariff Deal Talks

Key Takeaways: The Trump administration has initiated trade talks with an unconventional blend of major exporters and smaller economies, aiming to create a set of agreements that could serve as models for future negotiations. The early-phase trade strategy includes approximately 20 countries, ranging from economic heavyweights like Japan and South Korea to smaller players such […]

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Ripple eyes major roles for XRP, RLUSD, and XRPL following $1.25 billion Hidden Road acquisition

Ripple is set to acquire global prime brokerage platform Hidden Road for $1.25 billion. According to an April 8 statement, this acquisition makes Ripple the first crypto-native firm to own and operate a multi-asset prime broker with an established institutional network. Ripple noted that the deal will deepen its institutional service offerings and build a […]

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Ripples reported $5 billion offer for Circle rejected as too low

Ripple has proposed a takeover of Circle, offering between $4 billion and $5 billion to acquire the stablecoin issuer, Bloomberg News reported on April 30, citing sources familiar with the matter.  Circle rejected the bid because it was too low, and no final decision has been made on whether Ripple will submit another offer. The […]

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Report: Explosive 767% Growth in Pre-Seed Crypto Startup Deals Since 2021

The cryptocurrency industry has witnessed a surge in pre-seed funding deals for Bitcoin-focused startups, according to a recent report. This signals a growing interest from investors in supporting early-stage projects that are dedicated to the development of Bitcoin and its ecosystem. The report highlights that these pre-seed funding deals are crucial for the growth and [...]

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How Market Makers are Sabotaging Cryptocurrency Projects with Covert Deals

Market makers, despite operating discreetly, are posing a significant threat to various cryptocurrency projects. These entities play a critical role in providing liquidity to the market, but their actions can result in negative consequences for projects in the long run. Market makers are professional traders or firms that create liquidity by simultaneously placing buy and [...]

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Tether invests in Fizen to boost stablecoin adoption and expand payment solutions

Tether, the company behind the worlds largest stablecoin USDT, has strategically invested in Fizen Limited to support the broader adoption of stablecoins and self-custody solutions. The deal, announced on April 15, did not disclose the financial details but aligns with Tethers broader goal of promoting financial inclusion through blockchain technology. Boosting stablecoin payments According to […]

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Kraken expands beyond crypto, launches stock trading in the US

Kraken is expanding into traditional finance by launching access to over 11,000 US-listed stocks and exchange-traded funds (ETFs), according to an April 14 statement. The crypto trading firm revealed that its users can now trade equities commission-free through Kraken Securities LLC, a newly launched FINRA-regulated arm of the exchange. The service is available to residents […]

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Crypto Boom Continues: VC Investments in 8-Figure Deals Signal Ongoing Bull Market

In the world of venture capital, a significant funding deal in the eight-figure range has been announced, signaling the ongoing growth of the crypto market. This investment comes amidst a bullish trend in the cryptocurrency sector, where optimism and investment activity are on the rise. Venture capitalists have been increasingly drawn to the potential of [...]

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Coinbase reportedly in advanced talks to acquire crypto derivatives exchange Deribit

Coinbase is in advanced negotiations to acquire the crypto derivatives platform Deribit, Bloomberg News reported on March 21, citing people familiar with the matter. The parties have reportedly notified Dubai regulators about the ongoing discussions since Deribit holds a license in the jurisdiction that would transfer to any acquiring entity.  Sources told the newswire that […]

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EOS Network rebrands to Vaulta, aims to merge DeFi with traditional banking

EOS Network announced on March 18 that it will rebrand as Vaulta, marking a strategic shift toward web3 banking as it seeks to integrate decentralized technology with traditional financial systems. The transition, which includes a token swap, is scheduled for late May 2025, pending confirmation. The move represents years of development aimed at leveraging Bitcoins […]

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Ripple files trademark for Ripple Custody in digital asset expansion drive

Ripple is advancing its position in digital asset custody with a trademark filing for “Ripple Custody” at the United States Patent and Trademark Office (USPTO). The application was submitted on Feb. 25 but has yet to be assigned to an examiner. The filing aligns with Ripples broader strategy to expand into the rapidly growing custody […]

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Abu Dhabis MGX invests $2B in Binance, marking largest institutional stablecoin-backed crypto deal

Binance, the worlds largest crypto exchange, secured its first institutional investment with a $2 billion backing from Abu Dhabi-based investment giant MGX. The deal, announced on March 12, marks the largest investment ever received by a crypto company and the most significant transaction conducted entirely in stablecoins. Strategic growth The investment grants MGX a minority […]

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Web3 Startup Funding Drops 82 percents YoY

VC funding for Web3 start-ups decreased by 82% YoY in Q1 2023, dropping to $1.7 billion. The number of big funding rounds hitting nine figures almost completely dried up over the past year. The decline in Web3 funding is attributed to investors opting for a risk-off approach and seeking opportunities in industries they know best. (Read More)

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BitGo backs out of deal to acquire Prime Trust

Cryptocurrency custodial company BitGo said it “has made the hard decision to terminate its acquisition” of rival firm custody Prime Trust, according to a June 22 tweet. BitGo stated it made considerable effort and worked to find a path forward with Prime Trust. It added: “This decision was not made lightly and BitGo remains committed […]

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