The Office of the Comptroller of the Currency denied Wise’s application for a US national trust bank charter, the payments company said Friday, a rare public rejection from a regulator that has spent the past eight months approving trust charters for crypto and fintech firms. Wise shares fell as much as 10% on Nasdaq, where
The World Foundation,the independent, nonprofit steward of the protocol, raised $52.5 million in a new funding round through a locked token sale to strategic investors to expand its digital verification infrastructure as artificial intelligence (AI) disrupts online ecosystems, the organization announced Friday. The capital injection, led by Pantera Capital alongside Bain Capital Crypto and Eightco
Though it left Elon Musk and other Tesla (NASDAQ: TSLA) stockholders poorer, TSLA shares’ latest plunge proved highly beneficial for one of the most prominent bears and contrarians in finance: the legendary ‘Big Short’ trader Michael Burry. Specifically, the famous short trader revealed on Tuesday, June 30, that he made a bet against the electric
Circle’s (@circle) X feed turned into a run of handshake emojis on July 23. One post announced a memorandum of understanding (MOU) with Kakao Group, signed alongside Kakao Pay and KakaoBank. Another confirmed a second agreement with Toss (@toss__official) and Toss Bank, sealed at a stablecoin roundtable at Toss headquarters a day earlier. Two deals,
Robinhood has officially announced the upcoming launch of its Ventures Fund II, designed to support early-stage companies. The announcement was made via a tweet from their official handle, emphasizing the importance of nurturing startups before they go public. This initiative aims to pave the way for greater institutional adoption in the market, as detailed in
CryptoRank Research compared average and median funding round sizes, revealing how unevenly venture capital is distributed across different crypto sectors. Some segments are growing thanks to a few mega-deals, while others consistently attract large investments across the entire market. Prediction Markets Lead in Average Round Size Unlike total funding volume, the average investment size highlights
Stripe, the global payments infrastructure giant, is in discussions to acquire OpenRouter, a marketplace for AI models, at a valuation of approximately $10 billion, according to a report from Cointelegraph. The talks are ongoing, and sources familiar with the matter have indicated that no final decision has been reached. What OpenRouter Brings to the Table
On Thursday, July 23, Cathie Wood’s ARK Invest purchased almost $60 million worth of Tesla, Circle Internet Group and Securitize Corp. stock. The purchases coincided with a dramatic sell-off in U.S. stocks. Inflation-driven higher oil prices, higher US Treasury yields and a strong dollar led to a bearish investor sentiment.
Mubadala Capital, the alternative asset management arm of Abu Dhabi’s Mubadala Investment Company, oversees roughly $430 billion in assets managed, advised, or administered. That scale puts weight behind the move. A sovereign-linked manager of this size choosing to tokenize a fund signals something beyond experimentation. The news was reported on by the International Media Investments