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Nothing Raised Money on Crowdcube, Gets $1.3 Billion Valuation in Series C Round

Nothing, a consumer tech firm that raised money on Crowdcube, has captured a $1.3 billion valuation following a $200 million Series C funding round. Tiger Global led the round. In a post on X, Nothing founder Carl Pei explained that the funding is the start… Read More

NVIDIA, OpenAI, Partner Up, NVIDIA Shares Move Higher

Shares of NVIDIA (NASDAQ:NVDA) have been down in the dumps in recent days due to challenges in China and questions regarding what exactly NVIDIA will be allowed to ship to the country, if at all. Today, things are looking up due to an announcement that NVIDIA and… Read More

DAT: Capital B Announces Purchase of 551 Bitcoin, Yield of 1,651.2%

Capital B (Paris:ALCPB), Europe’s first Bitcoin Treasury Company, or Digital Asset Treasury company (DAT), says it has purchased 551 Bitcoin while reporting a yield of 1,651.2%. This is not the first time the company has announced BTC purchases. The company has also confirmed the completion… Read More

Digital Bank: ZA Bank Tops One Million Users

ZA Bank, one of the first digital-only banks in Hong Kong, has announced that it has topped one million users. As most observers anticipate that bank branches will soon be a thing of the past, alongside gas lamps and buggy rides, ZA Bank is proving… Read More

EquityZen Reflects on 11 Years of Offering Multi-Company Funds

Secondaries platform EquityZen has issued a note marking 11 years of offering multi-company funds to investors. EquityZen specializes in powering a marketplace for private securities – firms that have yet to pursue an initial public offering. While pretty promotional, the public note has merit as… Read More

SEC Investor Advisory Committee Prepares Recommendations for Greater Access to Private Securities, Falls Short on Discriminatory Accredited Investor Definition

In a meeting of the Securities and Exchange Commission (SEC), Investor Advisory Committee (IAC), members approved recommendations pertaining to providing greater access to private securities for retail investors. The IAC was established under the Dodd-Frank Act, which authorizes the Committee to make recommendations to the… Read More

Canada: TradeOgre Has $56 Million Seized by Police

Cryptoasset seizure by the Royal Canadian Mounted Police (RCMP) and federal police in Eastern Canada, highlighting law enforcement’s involvement in cryptoasset regulation and crime prevention.

The Royal Canadian Mounted Police (RCMP) has announced that it seized CDN $56 million from TradeOgre, a crypto exchange. The RCMP claims that TradeOgre “contravened Canadian laws and regulations,” failing to register with the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC). The RCMP… Read More

Helius Closes $500 Million PIPE

Helius Medical Technologies (Nasdaq: HSDT) has closed on a $500 million PIPE as it pursues a Solana (SOL) Treasury Strategy. Solana is a high-performance blockchain that some predict will become the one blockchain to rule them all when it comes to institutional and financial services… Read More

Stablecoins: US Department of Treasury Seeks Public Comment on the Genius Act

The US Department of the Treasury is seeking public feedback on the implementation of the GENIUS Act, the legislation that legalized the issuance and usage of payment stablecoins. The Advance Notice of Proposed Rulemaking or ANPRM aims to garner insight into the new sector of… Read More

Kraken, Circle Partner on Stablecoins

Stablecoin issuer Circle (NYSE:CRCL) and crypto exchange Kraken have announced a partnership that is said to deepen their support for USDC and “expand access to a powerful suite of stablecoin infrastructure.” The agreement is said to provide users with access to increased liquidity, reduced conversion… Read More

Shares of Crypto Exchange Bullish Jump After BitLicense Approval

Bullish (NASDAQ:BLSH), a crypto exchange, saw its shares jump following the news it had received approval in New York for a BitLicense and Money Transmission License by the New York State Department of Financial Services (NYDFS).. While based in the US, Bullish has yet to provide services… Read More

European Digital Finance Association Issues Statement on Lost Opportunity for Crowdfunding Under ECSPR

ECSPR or European Crowdfunding Service Provider regulations were enacted by the European Union in 2021. The complete application took a few years (2023), but today, under the rules, a securities crowdfunding platform may raise up to €5 million (~ $5.89 million) from investors across the… Read More

Fairmint CEO Comments on Nasdaq Plan for Tokenized Securities: A key moment in the evolution of equity markets

Recently, Nasdaq (NASDAQ:NDAQ) filed a document with the Securities and Exchange Commission indicating its intent to enter the age of tokenized, or digital securities. While insiders have long anticipated this inevitable evolution of securities markets, the fact that one of the largest securities exchanges in the… Read More

SEC to No Longer Stay Effectiveness of Registration Statement Once Securities Sold, Impacts Reg A

The Securities and Exchange Commission (SEC) made some rule changes today, and one of them will impact Regulation A (Reg A), a securities exemption utilized for online capital formation. Reg A requires an offering to be qualified by the SEC before commencing a funding round…. Read More

Cato Institute Fellow Says Not Rate Cut Needed, May Need a Rate Increase

Taking the other side of the rate cut discussion, Cato Institute Research Fellow Jai Kedia, believes no rate cut is necessary and there is a risk of greater inflation, which could necessitate a rate increase. “The Fed cut its target for the federal funds rate… Read More

Legal Loans Platform: LawFi Partners with Cordell & Cordell

Gavel Court Legal Trial Law rawpixel unsplash

LawFi, a funding platform for legal loans, says it has formed a partnership with Cordell & Cordell – a large family law firm with 200+ attorneys. LawFi operates a lending platform capable of underwriting and funding customized legal fee loans. The platform enables point-of-sale legal… Read More

Fed Cuts Interest Rates by 25 BPS, More Cuts on the Way

Federal government press conference with flags in background, speaker at podium discussing COVID-19 updates.

As was expected, the US Federal Reserve cut its benchmark rates by 25 basis points, to 4% to 4.25% percent. The FOMC noted that while inflation remains somewhat evelated, economic activity has slowed along with job growth. Voting for the rate cut were Chairman Jerome… Read More

50 or 25 BPS: Today is the Day the Fed Lowers Interest Rates

Today, it is widely anticipated that the US Federal Reserve will cut interest rates for the first time since December 2024, when the FOMC decided to cut rates by 25 basis points. The bigger question is how much the Fed will cut and expectations for… Read More

SEC: Commission to Meet to Discuss Reg A, More

The SEC has scheduled an open meeting for tomorrow where the members of the Commission will discuss and vote on certain regulatory items. The topics of discussion include: The Commission will consider action relating to the compliance date for the amendments to Form PF that… Read More

Three Fintech IPOs Last Week. How Did They Do?

Last week was a big one for public markets as there were multiple initial public offerings. More importantly, three Fintech IPOs were adding to the growing list of Fintechs that have made it to the public markets. First up was  Klarna (NYSE:KLAR), a European firm best… Read More

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