Key Takeaways AI startup Rillet raises $70M Series B to transform ERP for SaaS firms, with a16z and ICONIQ backing its automation-first accounting tools. This follows Rillet’s $25 million Series A in May, led by Sequoia Capital. Rillet, an AI startup reimagining ERP (enterprise resource planning) with automation-first accounting tools for SaaS and high-growth companies,
According to The Financial Times, China is eyeing a yuan (aka renminbi) stablecoin for both internal and external use, but as even The Financial Times article makes clear, no one knows how it would work or why the Chinese Communist Party (CCP) is so keen to create one. While the piece does make clear that
Tokenized stocks may be approaching a tipping point as investor demand for blockchain-based financial products surges, potentially accelerating the adoption of traditional assets onchain. Tokenized stocks, which are part of the growing real-world asset (RWA) tokenization sector, reached a $370 million market capitalization by the end of July, according to a Wednesday Binance Research report
By Omkar Godbole (All times ET unless indicated otherwise) As the crypto market reels under U.S. stagflation concerns, traders on the decentralized platform Polymarket are seeing a more than 50% chance of bitcoin BTC$114,321.68 prices dropping into five figures before year-end. Shares in the Yes side of Polymarket’s “Will bitcoin dip below $100K before 2026”
In a significant development for the global cryptocurrency landscape, NHN KCP, a prominent subsidiary of South Korean tech powerhouse NHN, has taken a decisive step towards launching a new USD-pegged stablecoin. This move signals a growing interest in bridging traditional finance with digital assets, especially from established tech companies. It is certainly a moment that
The cryptocurrency world is buzzing with significant news: Heath Tarbert, the esteemed Circle president, is heading to South Korea later this month. This pivotal visit promises to ignite crucial discussions within the nation’s rapidly evolving South Korea crypto market. Circle, a leading stablecoin issuer, is making strategic moves, and Mr. Tarbert’s agenda includes high-level meetings
Coinbase CEO Brian Armstrong has reacted to a significant milestone for the top U.S. cryptocurrency exchange. In a tweet, Armstrong disclosed that Coinbase has acquired an A+ rating from the Better Business Bureau (BBB), indicating considerable growth in customer service. In his X post, Armstrong applauded the company’s Customer Experience team, highlighting the effort that
South Korea’s first Korean won-backed stablecoin was recently launched in a test run by fanC in collaboration with financial software firm Initech. Could this be the start of Korea’s stablecoin bid? Summary fanC and Initech have launched the first Korean won-backed stablecoin pilot. Major fintech and crypto-related firms in South Korea have been gearing up
Key Takeaways OpenAI is considering a secondary stock sale at a valuation of about $500 billion, a two-thirds increase from its last valuation. Microsoft remains the primary investor holdout as OpenAI discusses its future as a for-profit entity and talent retention challenges. OpenAI is exploring a multi-billion-dollar secondary stock sale that could increase its valuation