On April 26th, according to people familiar with the matter, Elon Musk's xAI holding company is in talks with investors to raise about 20 billion US dollars for its newly integrated artificial intelligence start-up and social media business. If the deal is completed, according to data provider PitchBook, this will be the second largest start-up financing round ever, after OpenAI's $40 billion funding round earlier this year. According to people familiar with the matter, the size of this round of...
Market news: The operations manager has been killed in an accident at one of the world's largest copper mines, Peru's Antamina copper mine. The mine has launched a total shutdown to ensure safety and is investigating the accident.
Over the past seven days, SUI's DEX trading volume reached $2.10 billion, an increase of 4.49%, continuing its steady upward trend. This momentum has helped SUI surpass other ecosystems, especially overtaking Arbitrum to become the fifth largest chain in DEX trading volume in the past 24 hours. However, despite the short-term growth, SUI still lags far behind top networks such as Base, BNB Chain, Ethereum, and Solana in terms of total DEX activity.
Gold's pullback on Thursday did not extend too far, and a larger pullback may not occur until it is confirmed that it has fallen below 32XX?
The Federal Reserve is refining its reform plan for stress testing at large banks and has submitted a proposal for public comment that would calculate the two-year average results. The Fed said it intends to delay the effective date of the annual stress capital buffer requirement from Oct. 1 to Jan. 1 next year to give banks more time to adjust to the new capital requirements. The proposal would also "make targeted changes to streamline data collection related to board stress testing". The Fed s...
A16z is looking to raise $20 billion for its largest fund.
The MSCI emerging markets index fell 6.9 percent, its biggest drop since 2020, erasing gains for the year.
Singapore's Straits Times index recorded its largest decline since October 2008.
Brazil's largest bank, Itau Unibanco, plans to launch its own stablecoin. The bank has more than 55 million clients, and its head of digital assets, Guto Antunes, said interest in stablecoins has grown significantly as the U.S. government shifts its stance on cryptocurrencies. Antunes highlighted the advantages of blockchain technology in atomic transactions and hinted at the possible launch of a stablecoin pegged to the Brazilian real. At present, Itau is studying the relevant experience of oth...
On March 21, according to a report in the technology media The Verge, the "Down with Tesla" movement in the United States called on organizers, filmmakers, members of Congress and other point persons to join forces on Wednesday to hold 500 demonstrations in 277 Tesla (TSLA. O) showrooms and Supercharger stations in the United States on March 29. The "Down with Tesla" movement originated from dissatisfaction with Musk's growing political role, his close relationship with Trump and his government'...
According to a report in The Verge, the "Down with Tesla" movement in the United States made a massive call on Wednesday for organizers, filmmakers, members of Congress and other pointed persons to join forces at 277 Tesla showrooms and Superchargers in the United States on March 29.
According to the data, Tether has now become the seventh largest buyer of US Treasury bonds, holding $33.10 billion, which is equivalent to the holdings of US Treasury bonds in the United Kingdom and Canada.
This is the largest US military operation in the Middle East since Trump became president in January. Trump has warned of hell if the Houthis do not stop their attacks. Click to view...
According to Arkham monitoring, the crypto asset portfolio of the well-known Meme coin KOL Murad has shrunk significantly in the past half month. Its total assets are currently 9.77 million US dollars, and the overall account has declined by 38.12%. Murad's largest position in SPX fell to $0.28, down 29.27%, holding 2996.4 million pieces, worth about $8.48 million. Followed by GIGA, down 14.29%, holding 70 million pieces, worth about $678,600.
According to The Kobeissi Letter, since reaching a record high on December 16, 2024, the cryptocurrency market has lost $1.30 trillion in market capitalization, a drop of 33%, equivalent to an average daily loss of $15.50 billion for 84 consecutive days. The Kobeissi Letter notes that this marks the largest three-month market cap correction in cryptocurrency history, and the total value of the cryptocurrency market has now fallen to its lowest level since November 6, 2024.