Sequoia Capital to Earn Over $100M From Stripe’s Acquisition
Sequoia Capital, which holds a 16% stake in Bridge, a stablecoin platform, has the potential to earn more than $100 million as a result of Stripe’s $1.1 billion acquisition of the company. Bloomberg reported on October 29, citing individuals with knowledge of the matter, that Sequoia Capital contributed $19 million to the crypto firm’s Series […]
Justin Bons Explains Why Ethereum Is “Cooked”
Justin Bons critiques Ethereum’s scalability strategy, expressing fear regarding its future and market position amid its current difficulties. Justin Bons, a market analyst, has recently made statements regarding Ethereum that have sparked discussion, expressing doubts regarding its future. Bons, a prominent figure in the crypto sector, highlights concerns regarding Ethereum’s scaling strategy and what he […]
Spot Bitcoin ETFs Could Cross 1M BTC From November Trends
Spot Bitcoin ETFs will need to generate an average of $301 million in net inflows per day to cross 1M BTC. As traders prepare for potential crypto-positive trends in November, the United States spot Bitcoin ETFs may accumulate 1 million Bitcoin in holdings as early as this week. Spot Bitcoin ETFs Trends and Inflows These […]
Xiamen Sophgo Disputes Delivering AI Chips to Huawei
Xiamen Sophgo, a Chinese chip manufacturer, denied any commercial relationship with Huawei following its termination by Taiwan Semiconductor Manufacturing Company. Xiamen Sophgo , a Chinese semiconductor designer with connections to Bitmain, denied any business relationship with Huawei following Taiwan Semiconductor Manufacturing Company (TSMC)’s decision to terminate business relations with it in response to a United […]
Ethena Labs Team Accused of Misusing 180M ENA Tokens
Ethena Labs is currently under investigation due to allegations that it unjustly staked 180 million ENA tokens in its crypto farming event. Ethena Labs , a synthetic dollar protocol based on Ethereum, has been accused of participating in a crypto-farming event that it recently hosted, using 180 million Ethena tokens. The Ethena Labs team allegedly […]