Core Scientific upholds deal with CoreWeave amid rejecting $1 billion ‘unsolicited’ buyout

Core Scientific (CORZ) has rejected an “unsolicited” $1 billion buyout offer from CoreWeave, deeming it significantly undervalued and not in the best interests of its shareholders. The proposal, which offered $5.

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Polygon Acquires Zero-Knowledge Cryptography Firm Toposware

The acquisition means that Polygon has invested over $1 billion in zero-knowledge technology and firms, the team shared in a press release. Sources close to the deal told CoinDesk that the acquisition is near $30-50 million.

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Polygon Labs acquires Toposware, pushing total ZK investment to $1B

The deal brings Polygon’s cumulative zero-knowledge technology investment to over $1 billion, the company said. Toposware’s team is behind Polygon’s Type 1 Prover technology.

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Bitcoin miner Core Scientific signs major deal with Nvidia-backed firm CoreWeave, targets $3.5B in revenue

Core Scientific signs a 12-year contract with AI company CoreWeave, expected to yield over $3. 5 billion in revenue. The post Bitcoin miner Core Scientific signs major deal with Nvidia-backed firm CoreWeave, targets $3.

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Crypto Miner Core Scientific Inks $3.5 Billion Deal to Diversify Into AI

Core Scientific’s $3. 5 billion deal with CoreWeave marks a strategic shift from Bitcoin mining to AI and HPC, boosting infrastructure and growth. The post Crypto Miner Core Scientific Inks $3.

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Crypto firms raised $2.5 billion in Q1, representing 29% quarterly increase

Galaxy reported an assortment of VC investment data, including nearly $2. 5 billion invested in the first quarter, on May 3. Crypto firms attracted funding across 603 deals during the period, representing 29% growth in dollar value and 68% growth in deal count quarter-over-quarter.

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Bitcoin Miners to Face $10 Billion Blow from Halving

Bitcoin miners will have to deal with the double-whammy of block reward reduction and growing competition from AI companies

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Microsoft, AWS pledge $17.9 billion to develop AI technology in Japan as part of US deal

The US and Japan announced on April 10 a political understanding that includes a Microsoft partnership partially focused on AI. Under the deal, Microsoft will invest $2. 9 billion in Japan over the next two years to support artificial intelligence (AI), cloud computing, and data centers.

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Gold mining firm Nilam Resources to acquire 24,800 BTC in $1.7b deal

Nilam Resources, a South American gold mining company, has announced its plans to acquire 24,800 Bitcoins, valued at approximately $1.7 billion, through a press release dated March 26. The acquisition involves the issuance of a new Preferred Class of Series…

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Samson Mow Hints at Bitcoin's Next All-Time High Coming, SHIB Lead Breaks Silence on New SHIB Mega Deal, 1.2 Billion DOGE Moved to Binance and Robinhood: Crypto News Digest by U.Today

As February comes to an end, let's see what crypto news its last day brought in U.Today's news digest

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BNB remains stable as judge approves Binance's $4.3B plea deal

After months, the Binance $4.3 billion plea deal has been endorsed. Additional travel restrictions have also been put in place for Chanpeng Zhao. According to a recent court document, the leThe post BNB remains stable as judge approves Binance's $4.3B plea deal appeared first on AMBCrypto.

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Binance reaches $4.3b settlement in US plea deal agreement

Binance Holdings Ltd. has been ordered to pay $4.3 billion as part of a plea deal approved by US District Judge Richard Jones, marking one of the heftiest criminal penalties in US history.

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Judge Signs Off on Binance's $4.3B Plea Deal With U.S. Prosecutors

A federal judge approved the U.S. Department of Justice's $4.3 billion fine on Binance after the crypto exchange pleaded guilty to violating anti-money laundering laws last November.

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OpenAI valuation crosses $80 billion following latest deal, Sora launch

OpenAI’s valuation has surged to above $80 billion after closing its latest deal, the New York Times reported Feb. 17. The company is reportedly undertaking a tender offer orchestrated by Thrive Capital to raise more funds while providing employees with a tangible benefit.

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NBA in Legal Hot Water: Lawsuit Filed Over Voyager Crypto Exchange Deal

The NBA faces a lawsuit over its ties with the failed crypto exchange Voyager Digital, with investors claiming a negligent marketing deal involving Mark Cuban and losses of $4.2 billion. The post NBA in Legal Hot Water: Lawsuit Filed Over Voyager Crypto Exchange Deal appeared first on BeInCrypto.

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Twitter is asking some laid-off workers to return: report

Twitter is reportedly looking to re-hire some people the company fired soon after Elon Musk completed a $44 billion takeover. Musk’s deal for the company saw it delisted from public trading and is now a private company, an Invezz analyst Dan Ashmore has summarised how the Twitter stock fared as an investment over the past […] The post Twitter is asking some laid-off workers to return: report appeared first on Invezz.

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Circle’s $9 Billion SPAC Deal Postponed Once Again; Merger to Take Effect in January 2023

The Circle-Concord Merger has been delayed the second time due to procedural issues. New SEC Filing Reveals Another Delay in the Anticipated $9 Billion Merger Circle has announced another delay of its $9 billion merger with the special purpose acquisition…

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Binance To Further Help Elon Musk Integrate Crypto Into Twitter After Investing $500M In Takeover Deal

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What holds for Dogecoin after overcoming a key resistance after Twitter acquisition?

Elon Musk has finally acquired Twitter in a $44 billion deal. No one is as excited by the news as Dogecoin (DOGE/USD) investors. As of press time, DOGE had surged by 7%, taking the total gains to more than 41%.

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Elon Musk Plans to Close Twitter Deal on Friday – What Now, Crypto?

Billionaire entrepreneur and Dogecoin fan Elon Musk has told investors that he plans to complete his $44 billion purchase of Twitter on Friday. The post Elon Musk Plans to Close Twitter Deal on Friday – What Now, Crypto? appeared first on BeInCrypto.

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FTX’s Sam Bankman-Fried Was Interested In Joining Elon Musk To Buy Twitter, Bombshell Texts Reveal

A series of text messages released as part of ongoing litigation over Elon Musk’s failed Twitter deal reveals CEO of crypto exchange FTX, Sam Bankman-Fried, was willing to contribute up to $5 billion toward jointly acquiring the social media giant.

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Twitter Shareholders Approve Musk Buyout Offer: Report

Musk has repeatedly tried to back out of the $44 billion takeover deal

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Bolt Axes $1.5B Deal to Buy Crypto Infrastructure Provider Wyre

A landmark deal that would have seen payments firm Bolt acquire Wyre for $1.5 billion has been scrapped by mutual agreement, according to a press release.

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BlockFi Could Be Acquired by FTX.US for Only $15M: Report

A new report indicates that the floor price for FTX.US acquisition deal with BlockFi lies at $15 million, a price tag that may rise depending on performance. From $4.8 Billion...

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BitGo To Sue Mike Novogratz’s Galaxy Digital For Backing Out Of $1.2 Billion Acquisition Agreement

Crypto custodian BitGo plans to pursue legal action against Galaxy Digital, the crypto-focused investment firm led by billionaire Mike Novogratz, for walking away from their $1. 2 billion merger deal.

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Galaxy Digital Back Pedal On $1.2 Billion Deal For BitGo Acquisition, BitGo To Seek $100 Million In Damages

Galaxy Digital has announced that it’s backing out of its $1.2 billion proposed acquisition of the cryptocurrency custodian, BitGo. Galaxy Digital Backs Out Of BitGo Deal A $1.2 billion acquisition of Palo Alto, California-based BitGo by digital asset investment firm Galaxy Digital has been canceled, ending one of the biggest acquisitions in cryptocurrency history. In […]

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Crypto Billionaire Sam Bankman-Fried, Justin Sun Reportedly Eyeing Majority Takeover Of Huobi

The founder of crypto exchange Huobi Global, Leon Li, is in discussions to sell nearly 60% of his investment in Huobi, which accounts for 5% of all crypto trading volume. Reports on Saturday indicate the deal is priced between $2 and $3 billion.

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Chinese Crypto Tycoon Wants $3 Billion for Huobi Stake Deal

Leon Li, the co-founder of global crypto exchange Huobi is wrapping up plans to sell most of his shares in the company valued at $3 billion Bloomberg reports. The post Chinese Crypto Tycoon Wants $3 Billion for Huobi Stake Deal appeared first on BeInCrypto.

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Huobi Founder in Talks to Sell Majority Stake at $3B Valuation: Report

The deal could be one of the biggest in the crypto industry, netting Li over $1 billion at an equity valuation of around $3 billion. Huobi Founder Eyeing $1B Exit...

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Elon Musk Claims Twitter Committed Fraud In $44 Billion Deal Countersuit

Elon Musk and Twitter are set for another court showdown as the billionaire launches a countersuit against the social media giant, which sued him for canceling the $44 billion contract to acquire the platform.

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Here's How SHIB Army Could Burn 1.3 Billion Per Day: Shib Burner

This Shib burn platform founder believes that burning 1.3 billion meme coins per day is potentially real deal

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Synthetix's SNX Rises 14% on Liquidity Deal Renewal With Jump Crypto

Synthetix has traded over $2.8 billion worth of on-chain assets following the launch of atomic swaps earlier this year.

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Dogecoin Braces For Impact As Elon Musk’s $44 Billion Twitter Acquisition Deal Heads South

Less than three months since Elon Musk declared interest in purchasing Twitter and receiving backing from various crypto firms, the dream ever to hold the social media giant under his thralls is fizzling, throwing DOGE adherents into a muddle.

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“DogeCoin’s Daddy” Changes His Mind About Buying Twitter

Elon Musk calls off a $44 billion deal on purchasing Twitter. As a result, the company stocks fell by 8% Obviously, Twitter tends to sue Musk for his decision since his exit from the deal is questionable from a legal point of view.

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Twitter To Pursue Legal Battle After Musk Terminates $44 Billion Deal

Bret Taylor, the chairman of Twitter, announced that he intends to sue Elon Musk, founder and CEO of Tesla – one of the richest men in the world – in order to enforce the merger deal. Taylor stated in a tweet on July 8: The Twitter Board is committed to closing the transaction on the […]

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Elon Musk Pulls out of Twitter Deal, Paving Way for Court Battle

Elon Musk has walked out of a $44 billion deal to take over Twitter, alleging the social network breached numerous parts of the agreement. The post Elon Musk Pulls out of Twitter Deal, Paving Way for Court Battle appeared first on BeInCrypto.

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Musk Pulls out of Deal to Buy Twitter, Paving Way for Court Battle

Elon Musk has walked out of a $44 billion deal to take over Twitter, alleging the social network breached numerous parts of the agreement. The post Musk Pulls out of Deal to Buy Twitter, Paving Way for Court Battle appeared first on BeInCrypto.

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Elon Musk pulls out of Twitter deal amid “false and misleading” information from Twitter

Tesla CEO and Dogecoin superfan Elon Musk has pulled out of his $44 billion deal with Twitter citing concerns over “false and misleading representations. ” One of the key concerns was a lack of data available to Musk to analyze the severity of the bot problem on the platform.

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FTX willing to use $2B in cash to bail out crypto industry, stop contagion

FTX has “enough cash on hand to do a $2 billion deal if necessary” to help support the crypto industry through difficult times, CEO Sam Bankman-Fried told Reuters. The post FTX willing to use $2B in cash to bail out crypto industry, stop contagion appeared first on CryptoSlate.

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BlockFi announces deal with FTX US, including 'option to acquire' for $240M

According to CEO Zac Prince, BlockFi signed agreements with FTX US totaling $680 million — for a company that had a $5 billion valuation in June 2021.

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FTX discarded Celsius deal after reportedly finding $2B missing from its balance sheet

FTX has walked away from a deal to acquire Celsius after reviewing its balance sheet and finding a “$2 billion hole,” according to a June 30 report by The Block. The post FTX discarded Celsius deal after reportedly finding $2B missing from its balance sheet appeared first on CryptoSlate.

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Blockchain Payments Company Roxe on Brink of Going Public in $3.6 Billion SPAC Deal

Roxe Holdings, a blockchain payments firm is about to become a public company but will not go through the route of getting an initial public offering (IPO). Instead, it will be getting help from a Special Purpose Acquisition Company (SPAC) to complete the process.

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Uniswap [UNI] investors' ubiquitous panic witnessed the best...

The crypto market is the only space where a loss of $70 billion is probably not a big deal given that the total valuation of all cryptocurrencies is well over $1.26 trillion. Although up until a mThe post Uniswap [UNI] investors' ubiquitous panic witnessed the best... appeared first on AMBCrypto.

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Elon Musk’s Twitter Deal in Danger, Jack Dorsey Says Why BTC Will Surge Again, SHIB Army Burns 1 Billion Tokens: Crypto News Digest by U.Today

U.Today’s weekend news digest is already out, don’t miss this piece!

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Twitter Shares Shed 20% As Elon Musk Says $44 Billion Takeover Deal Postponed

Elon Musk announced on Friday that his planned $44 billion acquisition of Twitter is “temporarily on hold,” a further twist in the face of hints of internal strife around the potential acquisition.

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‘DOGE Father’ Elon Musk Receives Over $1.3 Billion From Crypto Friends To Back Twitter Deal

According to a May 4 Schedule 13D filing with the Securities and Exchange Commission, 18 firms have agreed to fund Elon’s acquisition of Twitter with a $7.139 Billion investment boost.

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Tightening Monetary Policy Threatens Decentralized Finance and Crypto

Central banks are plotting to taper their balance sheets by as much as $410 billion for the rest of 2022 to deal with worsening inflation. The post Tightening Monetary Policy Threatens Decentralized Finance and Crypto appeared first on BeInCrypto.

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Dogecoin Primed For Massive Price Explosion As Elon Musk Finally Acquires Twitter For $44 Billion

Leading canine token Dogecoin (DOGE) pulled off a blistering rally in the past few hours following reports that Twitter is poised to accept Elon Musk’s $43 billion bid to take the social media giant private. The deal could be announced as soon as today.

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