Tag: 750M

SpaceX to Conduct $750M Funding Round at $137B Valuation

The leading investor is Andreessen Horowitz, a private American venture capital firm that invests in seed, start-ups, early, mid-stage, growth, and late-stage. Earlier, a16z already invested in SpaceX, along with such companies as Founders Fund, Sequoia, Gigafund, and others. Elon Musk‘s aerospace manufacturer and space transportation services company SpaceX is running a new $750 million funding round that will bring its valuation to $137 billion. According to those familiar with the matter, the leading investor is Andreessen Horowitz (also called a16z), a private American venture capital firm that invests in seed, start-ups, early, mid-stage, growth, and late-stage. Earlier, a16z already…

PancakeSwap governance proposal set to cap CAKE supply at 750M

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PancakeSwap, the decentralized finance (DeFi) application built on Binance Smart Chain, synonymous with its automated market maker (AMM) service and its quirky branding style, has released a governance proposal for the second iteration of its tokenomics roadmap. The centerpiece of the lite paper’s new version suggested an imposed supply cap on the project’s native token, PancakeSwap (CAKE). Currently operating with a circulating supply of 293.4 million, according to quantitative data verified by CoinMarketCap, the paper advised a maximum figure of 750 million. A governance voting window was opened to the…

Griffin Gaming Partners Raises $750M Fund With Eye on Web 3

“The lines have blurred across gaming, media, sport and social connectivity,” Sanderson said in a press release. “By seeing more than 1,300 qualified investment opportunities a year, we get a bird’s eye view into the industry and what it will take to succeed in the next phase of interactive entertainment across platforms, genres and demographics.” Source

Data shows Bitcoin traders’ neutral view ahead of Friday’s $750M BTC options expiry

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Bitcoin (BTC) has bounced 11% from the $39,650 low made on Jan.10 and currently the price is battling with the $44,000 level. There are multiple explanations for the recent weakness, but none of them seem sufficient enough to justify the 42% correction that took place since the Nov. 10 all-time high at $69,000. At the time (Nov. 12), negative remarks from the U.S. Securities and Exchange Commission (SEC) were issued at the rejection of VanEck’s physical Bitcoin exchange-traded fund (ETF). The regulator cited the inability to avoid market manipulation due…

Celsius Network Series B Expands to $750M

Celsius Network’s Series B was expanded to $750 million, up from $400 million at a $3.25 billion valuation announced October. The news was first reported by Blockworks late on Nov. 24. The crypto lender’s CEO Alex Mashinsky and official account both tweeted the story, while the Celsius team confirmed the story to CryptoX in a message. Celsius closed a $400 million Series B in October led by growth equity firm WestCap, and Caisse de dépôt et placement du Québec (CDPQ), bringing its valuation…

Celsius expands funding round to $750M, tips $7B to $10B valuation in 2022

Crypto lending firm Celsius Network has expanded its $400 million Series B round from October to $750 million as a result of oversubscription in the firm’s capital raise. The company is now valued at $3.5 billion following the raise and CEO Alex Mashinsky told Cointelegraph he expects that figure to “double or triple” next year which would see it valued between $7B and $10.5B The firm previously closed the round on Oct. 12 amid a period of intense scrutiny placed on crypto lending firms from local regulators. Celsius CEO Alex…

Crypto.com expands insurance program to cover $750M

Digital currency exchange Crypto.com has expanded its insurance policy to cover up to $750 million worth of digital assets, offering an additional layer of protection for the platform’s ten million users.  The new policy, effective since Sept. 6, is backed by Arch Underwriting, a division with Lloyd’s Syndicate 12, the company announced Monday. The policy, which includes both direct and indirect custodian coverage, applies to Crypto.com’s cold storage assets held on Ledger Vault. The policy is one of the largest in the cryptocurrency industry, exceeding the over $700 million coverage…

UK investment manager sells off half BTC holdings after $750M win

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United Kingdom-based Ruffer Investment Management has made more than $750 million from its Bitcoin investment in less than two months, but it has decreased the size of its holdings. According to a report from British news outlet The Telegraph, Ruffer saw “immediate fireworks” after investing roughly 2.5% of its assets into Bitcoin (BTC) in November 2020, resulting in millions of dollars in gains as the price of the crypto asset rose past $20,000 and on to a new all-time high of more than $42,000 in January. Rather than HODLing it…

Ruffer Turns Bitcoin Investment into $750M Profit in Under 2 Months

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U.K.-based Ruffer Investment Management has managed to quickly turn its recent bitcoin investment into a $750 million profit. Having bought in November, Ruffer’s investment managers took profits in December and January as the cryptocurrency more than doubled to around $40,000, according to a Telegraph Money report Tuesday. “We’ve been surprised by how well it has done and how quickly. We did not expect immediate fireworks,” Duncan MacInnes, co-manager of Ruffer Investment told the newspaper. MacInnes said the 2.5% allocation was made across all Ruffer’s funds, costing around $600 million. As…

Scary Bitcoin volatility? $750M in BTC options set to expire for Halloween

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A big Bitcoin (BTC) volatility spike could occur by the month’s end as two major factors come into play. The BTC options market nears a massive $750 million expiration and the CME futures market’s open interest has also soared. When an options expiry nears, holders of options contracts have to adjust their contracts before or right after the expiration. Often times, that could cause volatility in the price of Bitcoin. Options open interest. Source: Skew Monthly close, options expiry, and CME expiration all coincide It is difficult to gauge the…