Hark’s founder Brett Adcock, who also founded Figure AI, earlier today announced that the firm had completed a Parkway Venture Capital-ed Series A round that attracted $700 million at a $6 billion valuation from other tech giants, like NVIDIA (NASDAQ: NVDA), AMD Ventures, Intel Capital (NASDAQ: INTC), Qualcomm Ventures (NASDAQ: QCOM), and Salesforce Ventures (NYSE:
Asset tokenization platform Securitize is moving ahead with a SPAC merger on Nasdaq, aiming to accelerate its expansion beyond stablecoins into a broader universe of tokenized securities. Securitize’s efforts to “tokenize the world” just took an added-value turn, with the company doubling down on efforts to assemble on-chain securities infrastructure operational at scale. The company
In brief Bank of America reiterates “buy” on Nvidia and lifts its target to $350 after record Q1 revenue of $81.6 billion. BofA sees the AI market topping $3 trillion by 2030, plus a $200 billion CPU opportunity and $145 billion in customer commitments. BofA says Nvidia’s biggest risk is its sheer size: The stock
At least five crypto companies have shuttered this week as a prolonged downturn in the crypto market has put downward pressure on user activity and investor funding. Crypto trading card platform Fantasy.top, cross-blockchain infrastructure company Everclear, and Ethereum layer-2 blockchain ZERO Network all announced Thursday that they were winding down, with their products failing to
SEC Commissioner Hester Peirce clarified the scope of a proposed innovation exemption for onchain trading of tokenized NMS stock, cautioning against mischaracterization of the initiative. Peirce stated the exemption would be limited and facilitate trading only of digital representations of the same underlying equity securities available in secondary markets today—explicitly excluding synthetic assets. Peirce’s statement
A total of more than 67 million Americans, or 1 in 4 adults, now own crypto as adoption spreads across income, age, and work groups, according to the National Cryptocurrency Association. The report found 90% expect to buy within the next year, and 77% said crypto improved their lives. Key Takeaways: Total U.S. crypto ownership
Amundi Solana UCITS fund SAFO launches as Europe’s largest asset manager brings €2.4 trillion AUM to the chain. Amundi, managing €2.4 trillion in assets, and Spiko Finance announced the launch of SAFO on Solana, bringing their UCITS-compliant tokenized fund to its eighth blockchain. Spiko Finance acts as transfer agent, tokenization platform and broker, while CACEIS,
Nasdaq-listed Solmate Infrastructure, a Solana-focused treasury and infrastructure company, has raised about $11.4 million via a registered direct offering of Class B common stock. According to Businesswire, Solmate Infrastructure is issuing a total of 2,298,000 shares of Class B common stock in a registered direct offering priced at $4.97 per share. The company expects to
Fed hike odds have climbed to 52% while 30-year U.S. Treasury yields have pushed above 5%, tightening financial conditions and upping the pressure on risk assets from stocks to crypto. Market-based indicators show traders assigning a roughly 52% probability that the Federal Reserve will raise interest rates again before year-end, reversing earlier consensus that the