Sequoia to make $100M windfall from Stripe’s Bridge acquisition: Report
Sequoia Capital owns 16% of Bridge, which is set to be acquired by payments platform Stripe for $1.1 billion. Go to Source
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Core Scientific to host more CoreWeave infrastructure, targets $8.7B revenue
CoreWeave has exercised its final option agreement with Core Scientific, adding 120 MW of critical IT infrastructure to power Nvidia GPU operations. Go to Source
TechCrunch founder says Stripe has acquired Bridge for $1.1B
The deal would mark one of crypto’s largest acquisitions, though neither company has publicly confirmed the deal. Go to Source
Stripe acquires stablecoin platform Bridge for $1.1B: Techcrunch founder
The deal marks one of crypto’s largest acquisitions, allowing more businesses to deal in stablecoins. Go to Source
Bitwise Bitcoin ETF to absorb $120M Osprey Bitcoin Trust
Subject to closing conditions, the agreement will see Bitwise’s Bitcoin ETF scoop up all the Bitcoin from the Osprey Bitcoin Trust. Go to Source
Voyager’s $1B deal with Binance.US moves forward after deal with Feds
The bankrupt crypto lender struck a deal with the U.S. government and its $1 billion sale of cryptocurrencies to Binance.US has moved forward. Go to Source Powered by WPeMatico
UBS Considers Acquiring Credit Suisse, Requests Government Backstop in Deal
After Credit Suisse Group AG announced it would borrow 50 billion Swiss francs from the Swiss National Bank, UBS Group AG is reportedly considering acquiring the banking giant. However, UBS is requesting that the government issue a backstop to protect against any losses if it purchases Credit Suisse. According to unnamed sources familiar with the … Read more
Digital Gold Traded for Digital Rubles by Russia’s Rosbank
Rosbank has brokered Russia’s first deal involving the exchange of tokenized gold with the digital version of the Russian national fiat currency, the ruble. The successful transaction demonstrates the growing interest in digital financial assets and the need for digital ruble payments, the banking institution stated. Rosbank and Atomyze Exchange Gold and Rubles in Digital … Read more
Cryptocurrency Exchange to Sponsor Ukraine’s National Soccer Team
Ukraine’s national soccer team has secured a sponsorship deal with a player from the industry that wants to engage fans and promote adoption of cryptocurrencies. As part of the agreement, an EU-based coin trading platform will be the team’s crypto partner for the next three years. Whitebit Exchange Aims to Expand Ukraine’s Crypto Community by … Read more
Bankruptcy Court Terminates FTX Naming-Rights Agreement for Miami Heat Arena
A federal bankruptcy court in the U.S. has ended the FTX naming-rights agreement for Miami Heat’s basketball stadium. The sports venue was branded FTX Arena as part of a multi-year, multi-million dollar sponsorship deal between the now-bankrupt crypto exchange and Miami-Dade County in 2021. FTX Signage and Advertising to Be Removed From Downtown Miami Sports … Read more
