The Federal Reserve is preparing to expand its balance sheet again by buying short-term Treasuries in an effort to prevent stress in the overnight lending market, which is crucial to the broader financial system. The Fed said it would begin expanding its balance sheet this month by buying $40 billion of treasury securities and planned to taper off the new purchases sometime next year.
Nasdaq-listed mF International announced that it has issued 50 million shares of Class A common stock and prepaid warrants at a price of $10 per share, completing a total of $500 million in fundraising, and the net proceeds will be used to advance the establishment of Bitcoin Cash (BCH) digital asset reserve strategy and purchase other cryptocurrencies to achieve balance sheet diversification.
South Korean tech giant Naver and Dunamu, the parent company of Upbit, the country's largest cryptocurrency exchange, plan to jointly invest 10 trillion won (about $6.80 billion) over the next five years to build a new generation of financial infrastructure based on AI and blockchain technology. Naver Financial, the fintech arm of Naver, has confirmed on Wednesday that it will acquire Dunamu through a share swap deal. This is one of the largest collaborations in South Korea's fintech and crypto ...
Kalshi, a US regulated prediction market platform, has raised $1 billion, valuing the company at $11 billion. The round was led by existing investors Sequoia Capital and CapitalG, with participation from Andreessen Horowitz, Paradigm, Anthos Capital and Neo. The valuation boost brings Kalshi closer to the $12 billion to $15 billion valuation sought by its rival Polymarket. It also comes just a month after Kalshi announced the completion of a $300 million funding round at a valuation of $5 billio...
Metaplanet has raised $100 million by pledging its bitcoin assets, which will be used primarily to buy more bitcoins, expand its revenue business and buy back shares, and partly for its earnings business, which will create and sell cash-backed bitcoin options to earn a steady income while holding bitcoins. As of October 31, the company held 30,823 bitcoins (about $3.517 billion), and the amount borrowed this time accounted for about 3% of that holding.
On October 22nd, BlackRock Digital Liquidity Fund BUIDL added 500 million USD tokenized assets to Aptos, making it second in the adoption ranking of BUIDL fund deployment, second only to Ethereum. As of the time of posting, the scale of RWA tokenized assets on the Aptos chain has exceeded 1.20 billion USD, ranking third in the whole network. The BUIDL fund is jointly launched by BlackRock and tokenized infrastructure platform Securitize. The underlying assets cover low-risk, high-flow assets suc...
Alternative asset manager HighVista Strategies LLC announced that its venture capital fund HighVista Venture Capital Fund XIV (HVC XIV) has completed a $270 million fundraising, which will focus on investment opportunities in artificial intelligence, fintech, blockchain and other fields.
According to market news: Bitcoin ETF as a whole still recorded a net inflow of $2.70 billion this week. In addition, Ethereum ETF as a whole also recorded a net inflow of $488 million.
CoreWeave has signed an agreement to provide up to $14.20 billion worth of computing power to Meta platform companies, highlighting the huge cost of developing and running advanced artificial intelligence models. "They liked our infrastructure early on in the contract, so they came back for more cooperation," Michael Intrator, chief executive, said in an interview. As part of the deal, CoreWeave will supply the social media giant with Nvidia's latest GB300 system, he said.
Theta Capital Management is raising $200 million for its latest blockchain fund of funds. According to the presentation, the new fund, called Theta Blockchain Ventures V, will distribute funds to 10 to 15 venture capital firms focused on digital assets. The fund has a target net internal rate of return (IRR) of 25%. It is reported that Theta Capital Management currently manages about $1.20 billion. Theta's portfolio includes well-known cryptocurrency venture capital institutions such as Pantera ...