Revolut has begun a secondary share sale valuing the fintech at $75 billion, allowing employees to sell up to 20% of their holdings in one of Europe’s largest private tech transactions to date. Summary Revolut has launched a $75B secondary sale, letting employees sell 20% of their shares. The company nearly doubled revenue and profit…
China is preparing for one of the most anticipated and politically charged military events in recent years. On September 3, in Tiananmen Square, China will celebrate the 80th anniversary of the victory over Japan in World War II with a spectacular military parade that is not only a ritual of historical remembrance but also a…
Welcome to Latam Insights Encore, a deep dive into Latin America’s most relevant economic and crypto news from the past week. In this edition, we examine how stablecoins have become a tool for preserving value in Venezuela, facing increasingly high inflation and devaluation indices. Latam Insights Encore: Venezuela Is a Statement on the Possibilities Brought…
Nike and StockX have finally wrapped up a lawsuit that’s been running since 2022. Filed in a New York federal court, both sides agreed to drop the case with prejudice, meaning it is officially over and cannot be reopened. The details of the agreement are staying private, but the message is clear: both companies are…
Digital asset investment products staged a comeback last week, reversing prior outflows with $2.48 billion in inflows. August inflows now total $4.37 billion, which lifted year-to-date numbers to $35.5 billion. Activity was strong until Friday, when flows turned negative following the Core PCE release. The data dampened hopes for a September Fed rate cut and…
Eight U.S. and Indian venture capital and private equity firms — including storied investors Accel, Blume Ventures, Celesta Capital, and Premji Invest — have formed an unusual coalition to back India’s deep tech startups, pledging more than $1 billion over the next decade to strengthen U.S.-India tech ties. The alliance addresses longstanding funding concerns. In…
The most detrimental trend in crypto continues to wreak havoc on the industry, with each month seeing an increase in severity for users and institutions. Crimes continue to evolve in complexity and type, making it increasingly difficult to react promptly and minimize losses. Rise in Numbers Blockchain security firm PeckShield released its report from last…
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Myriad, a blockchain-based prediction protocol, announced it has surpassed $10 million in USDC trading volume since launching in March. The Growing Credibility of Prediction Markets The blockchain-based prediction protocol Myriad announced on Sept. 1 that it has surpassed $10 million in USDC trading volume since its launch in March. The platform has also facilitated over…
Summary A weaker dollar, safe-haven demand, and Fed rate-cut forecasts all helped gold soar to about $3,490/oz, its highest level in four months. Future U.S. data (ISM, JOLTS, ADP, and NFP) will be crucial; while resilience in wages or services could restrict gains, poorer labor numbers could drive gold higher. With bullish momentum still present…
