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…
Author: ₿e Proud
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,…
On July 31, several major financial institutions submitted amendments to the Solana Spot ETF’s S-1 registration statement. This includes top players such as Bitwise, Canary Capital, Coinshares, and Grayscale. Grayscale’s filing also includes a 2.5% pricing structure paid in SOL, suggesting that the company is already treating this like a serious product.The fact that these revisions are currently being made indicates that dialogue with the SEC has moved beyond the idea stage. These filings are refined and yet there is no green light, but regulators are actively reviewing and discussing cryptographic ETF structures such as SOL, XRP, and Doge. This…
Key Takeaways Seven major asset managers have filed amended S-1 registration statements for proposed spot Solana ETFs. Industry experts predict a high probability of SEC approval for spot Solana ETFs, though liquid staking features remain uncertain. Share this article Seven major asset managers – Grayscale, VanEck, Bitwise, Canary, Franklin Templeton, Fidelity, and CoinShares – on Thursday submitted amended S-1 registration statements to the SEC for their proposed Solana (SOL) ETFs.The amendments represent the firms’ continued efforts to secure regulatory nod to expand their crypto ETF offerings beyond Bitcoin and Ethereum products currently available to US investors.Bloomberg ETF analyst Eric Balchunas…
The major cryptocurrencies experienced two-way price action early on Friday. This is because the dollar continued to bid on major Fiat currencies after President Donald Trump announced new tariffs.Bitcoin (BTC) fell to $114,290, testing bullish trendlines drawn from lows in April and June, but then recovered to nearly $115,900, according to Coindesk data. Ether (ETH), the second-largest token to mimic BTC’s price action, erased the early decline to $3,616 in a deal that was close to $3,690.The early uncertainty could have stemmed from Trump’s widespread tariffs and the continued rise in the dollar index (DXY) since late May. Tracking the…
Top 5 altcoins of the past decadeThe crypto market has seen wildcycles and unexpected winners, but when it comes to performance over the decade, five Altcoins are separated from others. These include Ethereum ($ETH), Dogecoin ($doge), Shiba inu ($shib), Binance Coin ($bnb), and Gatetoken ($gt). All five of us list his historical interests. GT and BNB aim to be exchange-related utilities, but the rest is equipped with community, innovation and meme magic.However, if you exclude tokens backed by centralized exchange, the top three altcoins based on 10-year returns are:#1 Shiba inu($shib): +848,740%#2 dogecoin ($doge): +123,678%#3 ethereum ($eth): +123,306%So let’s dive…