Tesla to Spend Over $770M on Texas Plant Expansion for Battery Cells and Manufacturing

EV maker Tesla has applied with the state of Texas regarding the expansion of its Austin-based gigafactory to accommodate more operations.  Tesla (NASDAQ: TSLA) plans to spend more than $770 million on the expansion of its factory in Austin, Texas. January filings with the Texas Department of Licensing and Registration disclose the massive fund outlay. Per reports, Tesla plans to spend on constructing facilities geared towards testing battery cells and manufacturing. In addition, the prominent electric vehicle maker also intends to situate a drive unit manufacturing base, and a die…

BNB Chain Burns Over $770M Worth of BNB Tokens

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Polkadot unveils $770M development fund ahead of parachain auctions

Polkadot (DOT) founder Gavin Wood has unveiled a $777 million development fund ahead of the network’s parachain lease auctions. Wood tweeted on Oct. 17 that Polkadot’s treasury has allocated more than 18.9 million DOT (worth roughly $777 million at the time of writing) to a development fund that will be disbursed through community governance. Wood gave broad suggestions as to how the funds might be spent, stating the capital will be mobilized to realize the community’s vision for “building, improving, educating” Polkadot’s ecosystem, in addition to “anything else that the…