Business

Robinhood’s new venture capital fund just took stakes in Stripe and ElevenLabs

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Robinhood’s newly launched venture capital fund (HOOD) has added stakes in Stripe and ElevenLabs, marking its first disclosed investments since trading began earlier this month. Robinhood Ventures Fund I (RVI), a closed-end fund designed to provide retail investors exposure to private companies, said it purchased approximately $14.6 million of Stripe stock and $20 million of […]

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Mastercard’s (MA) $1.8 Billion Deal Is ‘A Clear Response’ to Stablecoin’s Unstoppable Dominance

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Mastercard’s planned $1.8 billion acquisition of stablecoin infrastructure company BVNK reinforces the growing view on Wall Street that stablecoins are moving from a niche crypto tool to a core layer of global payments. Analysts say the deal signals a shift in how traditional financial networks view blockchain-based money movements. “Stablecoins are an integral part of

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Vietnam encourages local crypto exchanges as Hanoi moves to block offshore trading: Reuters

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Vietnamese companies are racing to secure licenses for the country’s first domestic cryptocurrency exchanges as Hanoi moves to restrict trading on foreign platforms. A government resolution issued in February calls for a locally managed digital asset exchange pilot program, with possible deployment as early as March. A Finance Ministry document from March 12 shows that

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Kalshi faces criminal charges in Arizona over sports and election deals

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Arizona Attorney General Kris Mayes filed criminal charges against Kalshi on Tuesday, accusing the prediction markets platform of operating an unlicensed gambling business and offering election betting in the state, actions she said violated state laws. Mayes charged KalshiEx LLC and Kalshi Trading LLC with 20 counts, alleging the platform accepted bets from Arizona on

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Phantom Obtains No-Action Relief from CFTC, Paving the Way for Crypto Wallets to Access Regulated Derivatives Markets

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Phantom, a developer of self-custodial crypto wallets particularly popular in the Solana ecosystem, has obtained a no-action letter from the U.S. Commodity Futures Trading Commission (CFTC), allowing it to offer users access to certain regulated derivatives markets without registering as a broker. In a statement Tuesday, the CFTC’s Market Participants Division said it would not

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MSTR’s Latest BTC Purchase Offers Insight into Its Evolving Funding Model

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Strategy (MSTR) for the first time last week used its perpetual preferred stock as the primary vehicle for accumulating Bitcoin, marking a potential shift in how the company funds its Bitcoin strategy. The company announced on Monday that it had purchased 22,337 BTC over the previous week, its fifth largest acquisition on record. The issuance

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World launches agentkit with x402 backed by Coinbase to verify human identity behind AI agents

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As AI agents increasingly carry out autonomous transactions, purchases and actions online – a market that could reach $3 trillion to $5 trillion by 2030 – a key question arises: how to verify that a real person is behind this activity. Identity Project World (formerly WorldCoin), backed by Sam Altman, claims to have the solution.

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Crypto trading firm GSR expands token advisory with $57 million in acquisitions

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Crypto trading firm GSR announced Tuesday that it has acquired Autonomous and Architech for $57 million, expanding into token advisory and capital markets services. Autonomous will retain its brand and focus on token launch operations, while Architech will create a new unit, GSR Digital Asset Advisory. The group will work alongside GSR’s trading, liquidity and

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