United States President Joe Biden has issued an order prohibiting the acquisition of certain real property by MineOne Cloud Computing Investment I L.P., citing national security concerns. The order, based on findings outlined by the President, aims to safeguard critical assets near Francis E. Warren Air Force Base (Warren AFB) in Cheyenne, Wyoming. The President’s…
Susquehanna International Group, LLP (SIG), a global trading, technology, and investment firm, disclosed that it holds over $1.8 billion in Bitcoin exchange-traded funds (ETFs) through a 13F-HR filing submitted to the Securities and Exchange Commission (SEC), providing a detailed breakdown of SIG’s investment portfolio. The filing reveals the investment firms biggest positions were in Grayscales…
MoMo Productions By James Knightley Retail sales beat all expectations US retail sales rose a very robust 0.7% month-on-month in March versus 0.4% expected, with only one forecaster predicting this outcome out of 64 analysts. February’s growth rate was revised up to +0.9% from +0.6% MoM with March strength led by non-store retailers (+2.7% MoM),…
Jonathan Kitchen March Headline CPI came in at 0.4% versus the expectation of 0.3%. The Core rate verified at 0.4%, also a tenth hotter than expected. The year-on-year Headline rate is 3.5%, above the 3.4% forecast, while Core CPI from a year ago is now 3.8%, a tick warmer than the consensus. The 3.5% rate…
beckariuz I have followed the changing fortunes of Dynavax (DVAX) since 01/2017’s “Dynavax In 2017: Hero Or Zero?. My most recent article was 08/2023’s “Dynavax: Dizzy Optimism Followed -97% Q2 Net Income Decline” (“Decline”). The premise of Decline was that it had a tripartite value proposition of: HEPLISAV-B revenues in growth mode; CpG 1018 adjuvant…
alvarez/E+ via Getty Images LianBio (NASDAQ:LIAN) was a rising star of the Chinese pharmaceutical scene but the drugs startup has flamed out just four years after its launch. The biotech’s abbreviated lifespan underscores the challenges and costs of bringing novel drugs to the market, even with financial backing and big ambitions. The company’s mission was…
Today, Volksbank Raiffeisenbank Bayern Mitte eG, a Bavarian cooperative bank with an ~130-year history, has entered into a long-term partnership with terahash.energy GmbH, according to a press release sent to Bitcoin Magazine. The Ingolstadt-based cooperative bank and the young startup, terahash, will collaborate on promoting topics related to Bitcoin and develop new offerings. “We are…
Justin Sullivan/Getty Images News One central theme impacting markets today is the weak performance of many consumer staples companies. Last week, I covered Hormel (HRL), which has lost considerable value after losing profit margins through its failure to pass rising input costs onto its product prices. This is one of many examples seen amongst consumer…
Currently valued at $8.6 billion after its £590 million ($624 million) investment round last year, SumUp stands strong in private markets with no immediate plans for an initial public offering. London-based financial services company SumUp has secured £285 million worth approximately $307 million in its latest funding round to expand its business offerings to other…
OpenAI’s offer also included making Anthropic’s CEO and co-founder Dario Amodei a replacement for Altman. Artificial Intelligence (AI) company Anthropic may have just refused to enter into a merger deal with OpenAI. According to a report by The Information and another report by Reuters, OpenAI’s board of directors put forward the offer following last week’s…
Strike initially rolled out the BTC purchase feature for customers in the United States, allowing only users in the country to buy the crypto asset at no cost. Crypto payment company Strike has expanded its global services, allowing users in 36 countries, including El Salvador, Australia, and some African nations, to purchase Bitcoin (BTC) directly…
Foresight Ventures sees the acquisition as an opportunity to establish a significant foothold in the US and contribute to The Block’s growth amidst challenges in the crypto media industry. Singapore-based Foresight Ventures has completed the acquisition of a majority stake in The Block, a prominent crypto news and data provider. The deal, which valued the…
The company’s initial efforts will involve early research and investment in Bitcoin network ecological assets before unveiling the “BTC Next” fund. Linekong Interactive, a Beijing-based gaming and film production company listed on the Stock Exchange of Hong Kong (HKEX), is dedicating $15 million to invest in projects that contribute to the Bitcoin network. Wang Fang,…
Datadog has further given an optimistic outlook for the entire year of 2023 while forecasting Q4 revenue between $564 million and $568 million. On Tuesday, November 7, cloud monitoring software firm Datadog Inc (NASDAQ: DDOG) reported stronger-than-expected results for Q3 2023 following which its stock price shot up by 28%, thereby registering the highest-ever single-day…
Totojang Three years ago, cancer-testing company Genetron Health (NASDAQ:GTH) was a rising star in the field of innovative diagnostics, dazzling investors with a high-profile IPO on the U.S. stock market. But like several other Chinese startups, the company found its star quality was dimmed by the harsh reality of falling stock market values and dwindling…
Tesla continues to hold on to its BTC holding having last sold about 75% of it in the second quarter of 2022. It has now been five consecutive quarters that electric vehicle maker Tesla Inc (NASDAQ: TSLA) has left its sizable Bitcoin (BTC) holdings untouched. That is despite recently spending greatly towards improving its artificial…
Spencer Platt/Getty Images News With a market capitalization of over $213 billion, Bank of America (NYSE:BAC) is not only one of the largest financial institutions on the planet but also one of the largest publicly traded companies, period. Despite this massive size, shares have actually taken a beating over the past year. The stock is…
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. A Silicon Valley law firm that has represented global technology groups for decades is exploring opening a Singapore office, its first in Asia outside of greater China as geopolitical and regulatory hurdles force the firm…
The proposal outlines a deal that encompasses roughly 9% of iFinex’s outstanding capital and assigns a value of $1.7 billion to the company. As per the latest report, the parent firm of the Bitfinex exchange – iFinex Inc – has started exploring a $150 million share buyback, as per the letter written to shareholders on…
Earlier this year, AlphaSense closed a Series D funding round with $100 million. AlphaSense, an artificial intelligence (AI) company with years of experience in developing products that are used by the majority of S&P 500 companies, has announced the closure of a Series E funding round with $150 million secured at a total valuation of…
pichet_w/iStock via Getty Images We present our note on Partners Group (OTCPK:PGPHF), a Swiss-based global private markets investment manager with a Hold rating. While we value Partners Group’s robust business model, at the current multiples we think the shares are fairly valued. We will provide a brief introduction of Partners Group, analyze the latest set…
This is Cisco’s largest acquisition till date as the company plans to amp up its cybersecurity division to boost the company’s revenue. In a major announcement on Thursday, September 21, America’s digital communications and technology giant Cisco announced the acquisition of cybersecurity firm Splunk for a staggering $28 billion. The $1578 per share cash deal…
The ‘honest’ mistake did eventually cost Alameda some millions of dollars. An individual simply identified as Baradwaj has dropped a bombshell of an accusation on his former employer Alameda Research. According to him, Alameda, which was owned by Sam Bankman-Fried, played a prominent role in the downward spiral of Bitcoin (BTC) that saw its prices…
Blockchain Capital’s Head of Capital Formation Jason Di Piazza stated that most of the firm’s limited partners are traditional institutional investors. Crypto venture capital (VC) firm Blockchain Capital has raised $580 million for two new funds. The raise is Blockchain Capital’s largest to date and one of the biggest crypto-focused raises this year. We’re thrilled…
SeanShot Research Summary Have you ever wanted to rate the ratings agencies themselves? I sure did.. so today I will be covering one of the major ones right here on Seeking Alpha! This is my first coverage of Moody’s (NYSE:MCO), a stock in the financials sector, subsector of financial exchanges & data. Some of the…
BlackRock and Alliance Bernstein LP are both willing to buy an aggregate of $100 million worth of Klaviyo’s IPO shares. Marketing automation company Klaviyo Inc may have giant asset manager BlackRock Inc (NYSE: BLK) as a cornerstone investor for its upcoming US initial public offering (IPO). Klaviyo hopes to raise up to $518 million in the public…
Point72 Ventures, through the funding round, will help GenTwo extend its offerings and also expand its international business. Securitization specialist fintech GenTwo has raised $15 million in a recently concluded Series A funding round. The round was led by venture capital firm Point72 Ventures, founded by billionaire hedge fund manager and investor Steven Cohen. The…
SingularityNET’s partnership with VeChain is one of many cases where blockchain is being integrated with AI. Artificial intelligence firm SingularityNET and blockchain firm VeChain have announced a collaboration that may reduce carbon emissions. VeChain declared the strategic partnership on August 24. How the Partnership with SingularityNET Will Pan Out Per the announcement, the firms will…
As part of their partnership, Anthropic and SK Telecom will work together for building large language models (LLMs) for telcos. US-based artificial intelligence startup Anthropic PBC announced that it has secured a staggering $100 million in investments from South Korea’s largest telecommunications company SK Telecom. With this investment, SK Telecom also seeks to bolster its…
This move by a16z signals the firm’s intent to actively partake in the development of some of the core tech that power the companies it backs with its venture dollars. Venture Capital (VC) giant Andreessen Horowitz has unveiled two new tools aimed at improving the core tech behind some of today’s biggest blockchains. That tech…
Despite the revenue drop during the second quarter, Saudi Aramco declared a $19.5 billion dividend payout to shareholders. Oil giant Saudi Aramco reported its Q2 numbers with 112.81 billion riyal ($30.07 billion) in net profit, a decline of 38% from the same period last year amid the drop in hydrocarbon prices. Interestingly, the second-quarter profits…
The OPNX exchange would own approximately 75 percent of the Hodlnaut exchange if the deal is approved by the court. Distressed crypto holders who had their assets trapped in Singapore-based bankrupt firm Hodlnaut could soon have relief if the judicial system approves a bid to acquire the assets. According to a recent report by Bloomberg,…