Groq raised $650 million to expand its inference cloud business six months after licensing its semiconductor technology to Nvidia and losing its founder. The funding round was led by Disruptive and Infinitum. Groq’s press announcement said existing investors also participated. The company did not disclose a new valuation. Groq was valued at $6.9 billion after
Alphabet (GOOG, GOOGL) is falling today because Wall Street is suddenly staring at three ugly things at once: Google is losing major AI people, rivals are getting louder in the AI race, and the company is spending eye-watering money to keep up. The stock fell by approximately 7 percent by the closing bell on Monday,
Fed Policy Expectations Drive Divergence Across Markets Grayscale Investments is tying bitcoin’s lag behind equities to a repricing of Federal Reserve policy, arguing that bitcoin could narrow the performance gap with stocks if the Fed holds off on rate hikes. In a June 22 research note, the crypto asset manager said changing rate expectations have
Chainlink launched APAC Equities Streams on Monday, putting live pricing for large-cap Asian companies on-chain to power equity perps, prediction markets and structured products in Asian time zones. Chainlink launched APAC Equities Streams on Monday, an oracle feed that brings pricing for large Asia-Pacific companies on-chain. It starts with Japan and Korea, with more regional
**Deck:** On-chain governance stripped admin control over Aztec’s rollup contract, freezing the code in place and clearing the technical bar for L2Beat’s top decentralization tier. Privacy-focused Ethereum layer-2 Aztec said it reached Stage 2 on L2Beat, the highest decentralization rating the rollup tracker assigns. The milestone followed an on-chain governance action that revoked ownership of
Altcoin ETFs Gain Momentum as Bitcoin Funds Post Sixth Weekly Outflow The market had one less trading day for the week due to the U.S. Juneteenth holiday, but the message was not hard to read. Bitcoin exchange-traded funds (ETFs) remained under pressure, extending their weekly outflow streak to six consecutive weeks. Ether funds were nearly
A New York attorney has asked a state judge to unmask an anonymous claimant who wants to take legal ownership of roughly 3.8 million $BTC, including Satoshi Nakamoto’s holdings. The request landed in the New York State Courts Electronic Filing system a few weeks before an in-person hearing on July 14. Soon, a judge will
Diplomatic efforts between Iran and the United States showed early signs of progress after senior officials from both countries held talks in Switzerland. Mediators from Qatar and Pakistan said the discussions were constructive, as both sides agreed to a 60-day timeline to secure a final deal. Further technical meetings are scheduled to take place at
Two of the biggest companies in the tokenization space are heading toward a legal showdown over intellectual property just as the industry they helped create begins to seriously court institutional investors on Wall Street. Securitize said Monday it filed a lawsuit in the U.S. District Court in Delaware seeking a declaratory judgment that it does