Meta is still going all-in on the AI talent war, with Mark Zuckerberg reportedly reaching out to top recruits himself, throwing around jaw-dropping compensation packages that top $1 billion over multiple years. And Meta’s latest target? Mira Murati’s new startup, Thinking Machines Lab. It’s a bold play in an already overheated market. While Zuck eyes new talent, Anthropic is preparing to raise a massive round of its own at a staggering $170 billion valuation, nearly tripling its worth in just months. On paper, it looks like the AI cash floodgates are wide open. But all this endless money raises some…
Author: ₿e Proud
The Decentralized Finance (DEFI) market has dumped a total price (TVL) of over $4 billion within a day. Such drops usually surprise people. But zoom out and something more strategic will focus. Data from Defillama reveals not collapse, but a readjustment of protocols, categories, and overall capital flows. Unpack what’s actually going on, what’s important on these charts, and where things are heading next to the crypto market.The locked total value will hit, but the momentum remainsTVL: Image source: DefilamaAccording to Defilama, TVL across all Defi protocols is currently at $1358.1 billion, a 3.14% drop in the last 24 hours.…
Applied AI research company Fundamental Research Labs (formerly known as Altera) announced today that it has raised $30 million in Series A funding led by Prosus with participation from Stripe co-founder and CEO Patrick Collison. The company has a curious structure as it is working on multiple AI applications in different fields. When it raised its seed funding, Fundametal Research Labs was developing bots that could play Minecraft with you. Today, the company has a games team, a prosumer team building apps, a core research team, and a platform team. Yang says that Fundamental Research Labs wants to be a…
The Sheeva Inu (Shiv) fell sharply early on Friday as President Donald Trump’s new tariffs heavier on market leader Bitcoin and strengthened the US dollar. The price chart still offers bullish tips.Shib crashed 6% on a brutal 24-hour sale from 13:00 on July 31 to 12:00, plunging from $0.000013 to $0.000012. Prices have reached lows since July 9th, bringing the downtrend closer to $0.00001600 from the highs on July 21st.The decline follows a surge in the number of SHIBs held in central exchanges. According to Coindesk’s Market Insights model, the tally surged to 84.9 trillion tokens on July 28, indicating…
Key Takeaways OpenAI raised $8.3 billion in its latest funding round, reaching a $300 billion valuation. The new funding strengthens OpenAI’s path toward a potential IPO and further expansion. Share this article Sam Altman-led OpenAI locked in over $8 billion in its latest funding round, pushing its valuation to $300 billion and accelerating its plans to secure $40 billion in total capital this year, The New York Times reported Friday.In March, OpenAI announced its fundraising plans, with SoftBank pledging up to $30 billion by year-end. The company raised $2.5 billion from venture capital firms that same month and aimed to…
ChatGPT-maker OpenAI has raised $8.3 billion at a $300 billion valuation, reports The New York Times. The deal is part of OpenAI’s broader strategy to secure $40 billion this year. The oversubscribed round came months ahead of schedule, per the NYT. OpenAI initially raised $2.5 billion from VC firms in March when it announced its intention to raise $40 billion in a round spearheaded by Softbank. The AI giant had planned to take on an additional $7.5 billion by the end of the year, but beat itself to the punch as investors clamber to get onto its cap table amid…
By Francisco Rodrigues (All times ET unless indicated otherwise)The wind seems to be coming out of the crypto market's sails. Bitcoin (BTC) fell 3% in the past 24 hours, dropping below $115,000, and it's actually one of the better performing of the largest cryptocurrencies.The CoinDesk 20 (CD20) index, a measure of the broader market, fell 6% with ether (ETH) down 5.7% after posting its strongest monthly gain in three years and XRP (XRP) losing more than 7%.The drop comes as some of President Donald Trump’s tariffs started taking effect with more due to kick in on Aug. 7. The levies…
Resignation Reform: 401(k) Crypto Investment on the HorizonMajor retirement reforms are underway as new executive orders are expected to encourage the inclusion of 401(k) non-traditional assets, particularly cryptocurrencies. This change reflects an increasing acceptance of mainstream digital assets and is consistent with the administration’s broader financial innovation goals. A comprehensive digital asset strategy report is also expected to accompany orders, providing guidance on how retirement plans can safely and strategically integrate crypto investments.Crypto Holdings restructures mortgage standardsThe Trump administration’s Federal Housing and Finance Agency (FHFA) has directed mortgage giants Fanny Mae and Freddie Mac to consider holding cryptocurrency as part…
Google DeepMind is rolling out Gemini 2.5 Deep Think, which, the company says, is its most advanced AI reasoning model, able to answer questions by exploring and considering multiple ideas simultaneously and then using those outputs to choose the best answer. Subscribers to Google’s $250-per-month Ultra subscription will gain access to Gemini 2.5 Deep Think in the Gemini app starting Friday. First unveiled in May at Google I/O 2025, Gemini 2.5 Deep Think is Google’s first publicly available multi-agent model. These systems spawn AI multiple agents to tackle a question in parallel, a process that uses significantly more computational resources…
Key Takeaways Figma stock jumped 250% on its first day, closing at $115. Figma’s IPO is part of a wave of public listings amid renewed market activity under the Trump administration. Share this article Figma, the collaborative design platform, soared 250% in its NYSE debut Thursday, closing at $115 after pricing its IPO at $33. The stock climbed another 24% to $143 in after-hours trading, Yahoo Finance data shows.The company, which holds $70 million in Bitcoin ETFs, reached an enterprise value of $66 billion at market close, exceeding three times the proposed acquisition price in Adobe’s failed 2022 takeover attempt,…