PitchBook estimates that 25%+ of VC-backed unicorns have become “undercorns,” startups once valued at $1B or more by VCs but now valued below that threshold
PitchBook estimates that 25%+ of VC-backed unicorns have become “undercorns,” startups once valued at $1B or more by VCs but now valued below that threshold
New valuation data from PitchBook suggests that more than one-quarter of VC-backed “unicorns” have lost their horns …
Sources: crypto exchange Kraken has fired its CFO, Stephanie Lemmerman, ahead of its long-awaited IPO; Lemmerman joined Kraken from Dapper Labs in November 2024
Kraken has moved chief financial officer Stephanie Lemmerman to a strategic advisory role, according to a person familiar with the matter.
PayPal names HP CEO Enrique Lores as CEO, replacing Alex Chriss on March 1, and reports Q4 revenue up 4% YoY to $8.68B, below estimates; PYPL closes down 20.3%
PayPal Holdings Inc. said HP Inc. Chief Executive Officer Enrique Lores will take the top job from Alex Chriss …
PayPal names HP CEO Enrique Lores as CEO, replacing Alex Chriss on March 1, and reports Q4 revenue up 4% YoY to $8.68B, below estimates; PYPL closes down 20.3%
PayPal Holdings Inc. said Chief Executive Officer Alex Chriss will be replaced by HP Inc. CEO Enrique Lores after profit and revenue fell short of expectations.
Binance files for a European MiCA license in Greece, where it has also set up a holding company
Binance files for a European MiCA license in Greece, where it has also set up a holding company
Binance, the world's biggest cryptocurrency exchange, has formally applied for a pan-European license known as MiCA (Markets in Crypto-Assets) that digital asset firms operating in...
A US judge rules Kalshi's sports-betting contracts are subject to Nevada Gaming Commission enforcement; Kalshi argues they should be regulated only by the CFTC
and Congress Is Sitting on It X: Daniel Wallach / @wallachlegal : Nevada “suggested reasonable options to Kalshi to avoid the possibility of enforcement pending appeal, including t...
Polymarket says it received an amended US CFTC designation, letting it operate a prediction market in the US with a fully regulated exchange structure
Oliver Knight / CoinDesk :
Study: Polymarket's trading volume has been inflated by wash trading, accounting for an average of 25% of all buying and selling over the past three years
The volume of activity on Polymarket, one of the most popular prediction markets, has been significantly inflated by so-called wash trading …
Sources: crypto investor Roger Ver, aka “Bitcoin Jesus”, has reached a tentative agreement with the US DOJ to pay ~$48M to end a 2024 criminal tax fraud case
New York Times :
Source: cryptocurrency exchange Kraken quietly closed a $500M funding round at a $15B valuation, including from co-CEO Arjun Sethi's Tribe Capital
Jeff John Roberts / Fortune :
On Techmeme's 20th birthday, its founder explains what's behind the site's consistency, debunks some supposed media trends, and outlines future directions
happy bday @Techmeme 🎂. Nearly old enough to drink. 🍻https://news.techmeme.com/ ... Dave McClure / @davemcclure : my favorite (un?)healthy addiction: @techmeme 💕🤓🔥 been an avid fan...
An interview with Binance co-founder Yi He on growing up poor in China, the challenges she faced during Binance's year of crisis when CZ was in prison, and more
a blow that would sink most companies Two years later, Binance is still on top. Cofounder Yi He is a big reason In a rare interview, Yi He tells her story: https://fortune.com/... ...
Sources: Trump's World Liberty Financial is seeking to raise $1.5B to launch a publicly traded crypto treasury company that would hold its WLFI token and cash
The Trump family business World Liberty Financial is planning to announce a crypto treasury company, say three investors who have seen parts of the deal.
Sources: Trump's World Liberty Financial is seeking to raise $1.5B to launch a publicly traded crypto treasury company that would hold its WLFI token and cash
Eric Trump (left) and Donald Trump Jr. on stage in May at the Bitcoin 2025 conference in Las Vegas.
The US SEC approves in-kind creations and redemptions for crypto ETFs, allowing institutional investors to exchange ETF shares for the underlying BTC or ETH
The SEC has approved in-kind redemptions for crypto ETFs, enabling a feature sought by Bitcoin and Ethereum fund issuers.
Source: Coinbase's hackers had bribed enough customer service representatives to achieve effectively on-demand access to customer info in the past five months
On the long list of crypto companies that have been hacked, there are plenty of examples of financial losses that are much more painful …
Coinbase says hackers accessed data of a “small subset” of users, but not credentials, expects to incur $180M-$400M in costs, and refuses to pay a $20M ransom
and the investigators who saw it coming Sead Fadilpašić / TechRadar : Personal information leaked in Coinbase cyberattack, cost could be $400 million Bloomberg : Coinbase Hack Coul...
Coinbase says hackers accessed a “small subset” of users' data, but not credentials, expects to incur $180M to $400M in costs, and refuses to pay a $20M ransom
Coinbase (COIN.O) forecast a hit between $180 million and $400 million from a cyber attack that breached account data of a …