Business

Grok developer xAI has raised $5 billion in new funding, bringing its valuation to $50 billion, according to a report by the Wall Street Journal. The latest funding round, which was first announced on Friday, adds to the billions raised in May.

Nvidia Corp (NVDA) reported record-breaking third-quarter revenue and earnings for fiscal 2025, exceeding Wall Street expectations on the back of surging demand for artificial intelligence chips.

MicroStrategy’s thirst for Bitcoin cannot be quenched, despite holding over $31 billion worth.
Barely two days after announcing a plan to sell $1.

Key Takeaways

Arkham Intelligence plans to launch a spot trading platform in the US, expanding its crypto trading services.
Access to Arkham’s spot trading service will be limited by location and legal regulations.

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MicroStrategy is increasing its notes offering to $2.6 billion for acquiring additional Bitcoin.
The offering will close on November 21, 2024, with notes maturing on December 1, 2029.

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Michael Saylor will present a Bitcoin investment strategy to Microsoft’s board.
The board previously argued that Microsoft already evaluates various assets, including Bitcoin, and that their current focus is on stability and minimizing risk.

Bitcoin mining company Marathon Digital Holdings (MARA) is issuing $850 million in convertible notes, with the option to expand to $1 billion, as part of plans to repurchase existing debt, acquire Bitcoin, and fund corporate initiatives amid a recovering crypto market.

MicroStrategy, fronted by outspoken Bitcoin bull and Executive Chairman Michael Saylor, added to its sizable Bitcoin holdings Monday with the purchase of 51,780 BTC—or $4.6 billion worth.

Netherlands-based Quantoz Payments has introduced two Ethereum-based stablecoins, EURQ and USDQ, as it seeks to carve a niche in the competitive stablecoin market by aligning with evolving European regulatory standards.

Key Takeaways

ai16z and Ryze Labs launch AICombinator with $5M funding to support developers creating AI-crypto projects, leveraging the Eliza framework.
ai16z is the first venture capital firm run by AI agents, revolutionizing decision-making through platforms like daos.fun.

Another American publicly traded company has adopted the Bitcoin standard. 
Healthcare company Cosmos Health (NASDAQ: COSM) announced Monday it plans to add Bitcoin, the biggest digital coin by market capitalization, and Ethereum, the second biggest, to its balance sheet.

Key Takeaways

Donald Trump plans to meet with Coinbase CEO Brian Armstrong to discuss potential appointments for his second administration.
Coinbase contributed more than $100 million to political action committees before the election, primarily supporting crypto industry-backed initiatives.