Category: Business

Eight Sleep, a startup that sells $3,000 AI-powered mattresses with a monthly subscription fee, just raised $100 million in Series D funding, hoping to bolster a relatively novel idea within the consumer discretionary sector. The round—led by Founders Fund, Y Combinator, Valor Equity Partners, and HSG (formerly Sequoia China)—also drew investments from F1 driver Charles

SBI Holdings is moving to digitize Japanese equities using blockchain to cut fees and enable faster global trading. Japan’s primary financial group, SBI Holdings, is preparing a joint venture with Singapore-based startup StarTail Group. Together, they will develop a blockchain-powered platform to digitize equities. Sources told TV Tokyo that the project could reduce trading fees

Wormhole Foundation (WF) entered the bidding competition for Stargate Finance, challenging LayerZero’s proposed $110 million acquisition. In an Aug. 20 statement via X, WF argued that LayerZero’s offer significantly undervalues the cross-chain bridge protocol. LayerZero Foundation announced its acquisition proposal on Aug. 10, offering to purchase all circulating STG tokens at $0.1675 per token through

Hyperliquid has achieved the highest revenue per employee globally, at $106 million, surpassing traditional technology giants and the previous record holder, Tether Limited. The revenue-per-employee metric places Hyperliquid significantly ahead of established technology companies. Data gathered by Hyperliquid France puts Tether in second with $93 million per employee, while OnlyFans ranks third at $37.6 million.

Stablecoins have become the new focus of attention by the Federal Reserve, major U.S. banks, and China. It indicates that they have gained substantial popularity in the global finance discussions.

During a recent appearance at SALT’s Wyoming Blockchain Symposium, prominent American financier Anthony Scaramucci stated that he believes that crypto will be able to gain mainstream acceptance in the same way as ride-hailing giant Uber. “So it’s just the forces are such that these things will happen whether Wall Street is fully embracing it or

Windtree Therapeutics will be delisted from the Nasdaq Capital Market after failing to meet listing requirements, a decision that triggered a massive sell-off in its stock.

Shares in leading publicly traded crypto companies and digital asset treasuries like Strategy (MSTR) and Coinbase (COIN) dropped after the opening bell on Wednesday before rebounding to 1.95% and 0.5% gains, respectively.  But over the last month the pair have experienced extended losses, falling nearly 20% and 27% respectively. They’re underperforming crypto majors like Bitcoin