Binance and SEC Engage in Court Battle Over Cryptocurrency Oversight
The SEC maintained that if a token exhibits security-like qualities, they persist through any sale.
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FTX Sells Approximately $1 Billion of Grayscale's Bitcoin ETF Shares Following Approval
FTX's reportedly sold about 22 million shares of Grayscale Bitcoin Trust (GBTC), worth close to $1 billion, contributing to more than $2 billion in outflows from GBTC since its conversion into an ETF.
Voice AI Startup ElevenLabs Raises $80M Series B, Attains Unicorn Status Following Latest Funding Round
London-based AI startup ElevenLabs achieves unicorn status with a $1.1 billion valuation after securing $80 million in Series B funding led by Andreessen Horowitz, Nat Friedman, and Daniel Gross.
Mitsubishi Electric Takes Stake in AI Inspection Startup HACARUS
Mitsubishi Electric expands collaboration with AI startup HACARUS, taking an equity stake to accelerate the development of AI-powered visual inspection systems for factory automation, addressing labor shortages and enhancing quality control.
MetaMask Launches Ethereum Validator Staking Feature
MetaMask enables users with a minimum of 32 ETH to participate in Ethereum staking, it is powered with Consensys Staking to run validator nodes. The service offers an annual yield of approximately 4%, with a 10% fee applied to earned rewards.
Terraform Labs, Creator of TerraUSD, Files for Chapter 11 Bankruptcy in the US
The filing is intended to allow Terraform Labs to execute its business plan while addressing ongoing legal proceedings, including litigation involving the Securities and Exchange Commission (SEC).
AI Graphic Design Startup Recraft Secures $12M in Series A Funding
London-based Recraft, a generative AI graphic design startup, raises $12 million in a Series A funding round led by Khosla Ventures and former GitHub CEO Nat Friedman. The investment will support Recraft's mission to advance generative capabilities for professional creators.