According to a recent report by The Information, Ripple Labs offered to repurchase $1 billion worth of shares at a $40 billion valuation last month. However, the company reportedly saw the lowest participation rate yet in this tender offer, with many private shareholders choosing not to sell their stakes. Obviously, this shows that investors are
Lava, a global platform for bitcoin-backed loans, today announced a $200M funding round and the launch of a new product, a bitcoin line of credit (BLOC). The product offers similar functionality to a securities-backed loan or home equity line of credit, but allows users the ability to flexibly borrow using bitcoin as collateral without the
Strategy (formerly MicroStrategy) diluted common shareholders by $54.4 million last week, yet the company managed to buy just $45.6 million worth of bitcoin (BTC). That 183,501 extra shares of MSTR accreted far less than 84% of those proceeds to the company’s treasury. In fact, the company bought 34% less BTC than the total proceeds to
Nasdaq has issued a warning to TON Strategy, one of a slew of new crypto treasury companies trading on the stock exchange, for violating its shareholder approval rules. TON Strategy, a publicly traded marketing firm that recently changed its name and began purchasing hundreds of millions of dollars worth of the cryptocurrency Toncoin, failed to
Morning Minute is a daily newsletter written by Tyler Warner. The analysis and opinions expressed are his own and do not necessarily reflect those of Decrypt. Subscribe to the Morning Minute on Substack. GM! Today’s top news: Crypto majors fall in overnight selloff, with damage accelerating this morning Bitcoin ended October red for the first time in
In their latest statements, FED members Mary Daly and Austan Goolsbee gave striking messages about the interest rate cut process, the fight against inflation, and the employment market. Both officials emphasized “maintaining balance” despite economic uncertainties. San Francisco Fed President Mary Daly stated in her speech that inflation is still above target and emphasized the
Crypto majors fell between 2–5% following a Sunday night selloff, with Bitcoin down 2% at $108,100, Ethereum off 4% at $3,720, BNB down 6% at $1,020, and Solana dropping 5% to $176. Among top movers, ASTER (+8%) and TRUMP (+3%) led the gains. ASTER initially surged 25% after CZ announced he had bought the token
AWS will power OpenAI’s next-generation models in a $38 billion deal as the AI firm moves beyond Microsoft. Summary OpenAI signed a $38 billion deal with Amazon to get access to its computing AWS will use its UltraServers, powered by Nvidia GPUs, for OpenAI’s models Skeptics warn that similar deals show increasing signs of an