Category: Industry Insights
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Solana upgrade targets Ethereum scalability with 65,000 TPS goal
Solana’s upgrade aims to enhance scalability, targeting Ethereum’s congestion issues. SOL rises 15% post-announcement. Vitalik Buterin acknowledges competition. Transaction speeds may reach 65,000 TPS.
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Perplexity AI seeks $20B valuation in 2024 funding round post Chrome bid
Perplexity AI targets $20B valuation in latest funding round, following a bid for Chrome. Google and OpenAI remain key competitors in AI search.
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Mesh raises $130M to expand crypto payment infrastructure with Goldman Sachs backing
Mesh raised $130M to expand crypto payments, joining Stripe and PayPal in fintech growth. The funding round included investors like Goldman Sachs.
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Kazakhstan launches Central Asia’s first spot Bitcoin ETF with $10 million AUM
Kazakhstan launches Central Asia’s first spot Bitcoin ETF, tracking BTC. The fund, managed by Freedom Finance, holds $10 million in assets under management.
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Block announces modular Bitcoin mining rigs for 2024 with upgradeable design
Block unveils modular Bitcoin mining rigs with upgradeable components, aiming to enhance efficiency. Jack Dorsey’s firm targets 2024 deployment, joining Marathon and Riot in hardware innovation.
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Citigroup enters crypto custody market for ETFs and stablecoins in 2024
Citigroup explores custody services for crypto ETFs and stablecoins, joining JPMorgan and BNY Mellon. The global custody market exceeds $50 trillion.
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Coinbase completes $2.9 billion Deribit deal for crypto derivatives expansion
Coinbase finalized its $2.9 billion acquisition of Deribit, marking a major consolidation in crypto derivatives. The deal includes BTC and ETH options trading.
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ALT5 Sigma secures $1.5B from Trump-backed World Liberty Financial in 2024
ALT5 Sigma secured $1.5B funding from World Liberty Financial, backed by Donald Trump, marking a major fintech investment in 2024.
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Citigroup launches crypto custody for stablecoins and ETFs under 2025 US policy
Citigroup plans custody services for stablecoins like USDT and crypto ETFs, following US policy updates; $2B in assets targeted by 2025.
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Bitpanda launches UK operations with 500,000 user target by 2025
Bitpanda expands to the UK, targeting 500,000 users by 2025. The platform supports BTC, ETH, and ADA, with 3 million European users currently.
