Musk busts through the UK political china shop

Elon Musk, the CEO of Tesla, SpaceX, and X (formerly known as Twitter) may detest the current Kier Starmer government due to clashes on topics like free speech and immigration, but Musk is playing the long game. He’s getting cosy with major figures from both sides of the aisle, advancing his particular beliefs on AI … Read more

Blackrock marks down its investment in Automattic by 10%

Blackrock has cut the worth of its stake in web hosting provider Automattic by 10%, the asset manager said in its latest quarterly disclosure report. Blackrock, which invested in Automattic during its Series E round in 2021, valued its investment in the WordPress hosting company at $37.5 per share, down from $41.7 per share earlier … Read more

European AI infrastructure company Nebius nabs $700M from Nvidia, Accel, others

Nebius, the publicly-traded European AI infrastructure company formerly known as Yandex N.V., has raised $700 million in financing to power its U.S. expansion. The financing included “dozens of very well known investors,” Nebius CEO Arkady Volozh (pictured above) told TechCrunch in a press briefing today. While all the names will be revealed when the paperwork … Read more

Ether’s Risk-Reward Is Attractive, Bernstein Says

Ether (ETH) has underperformed its larger rival bitcoin (BTC) year-to-date, but ETH exchange-traded fund (ETF) inflows have inflected suggesting this period of underperformance may be over, broker Bernstein said in a research report on Monday. The broker noted that on Friday Blackrock’s spot ether ETF saw inflows of $250 million, versus only $137 million of … Read more

Prosus expects 5 IPOs from its Indian portfolio in next 18 months

Prosus anticipates as many as five potential IPOs from its Indian portfolio over the next 18 months, signalling growing momentum in the world’s second-largest internet market. The Dutch investment group on Monday named payments giant PayU, e-commerce startup Meesho, and online jewelry seller Bluestone among the startups that are preparing for an IPO. TechCrunch reported … Read more

XRP Replaces Tether as 3rd-Largest Cryptocurrency While BTC Faces $384M Sell Wall

XRP (XRP) is on a tear as bitcoin (BTC) struggles to approach $100,000 amid talk of a large “sell wall” near the six-digit price mark. XRP, the payments-focused cryptocurrency, has skyrocketed 375% to $2.40 in 30 days. The price has surged more than 20% in the past 24 hours alone, <a href=”https://www.coindesk.com/price/xrp” target=”_blank”>CoinDesk</a> data show. … Read more

If BTC Is The New Gold, Is ETH The New Silver? Here Are The Key Investment Implications

Few people doubt that BTC is digital gold. Bitcoin has proven its resilience, having survived multiple crises. The world’s main cryptocurrency has recently tested historic highs while discussions about its potential place in government reserves have been initiated in various countries. If there’s gold, there must be silver as well. In the world of cryptocurrencies, ETH … Read more