Thursday, September 19, 2024
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Elon Musk Halves Twitter Valuation to $20 Billion in New Internal Memo

Interestingly, the new Twitter valuation is less than half of what Elon Musk paid for the social media giant in Q4 2022.  Elon Musk has reportedly halved the valuation of social media giant Twitter in a new employee internal memo. According to the outspoken Tesla (NASDAQ: TSLA) CEO, Twitter’s staff will receive stock grants based on a $20

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Animoca denies reports of $200M cut to Metaverse fund and valuation drop to $2B

Venture capital firm and Web3 game developer Animoca Brands has refuted claims that it scaled back its Metaverse fund target by $200 million, or 20% to $800 million amid volatility in the crypto market and instability in the banking sector. The firm also down-played suggestions that its valuation has plummeted

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Multichain wallet BitKeep raises $30M at $300M valuation

On March 22, cryptocurrency derivatives exchange Bitget announced a $30 million investment into the multichain wallet BitKeep at a $300 million valuation. The deal will see Bitget become the controlling shareholder of BitKeep and allow the latter to “access to the exchange’s proven technology and security capabilities in the exchange

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Lido’s Staked Ethereum Token STETH Reaches $10.3B Market Capitalization, Ranks Ninth by Market Valuation – Defi Bitcoin News

With the crypto economy experiencing significant gains over the past week and the price of ethereum rising 11.9%, the market capitalization of Lido’s staked ether has increased to $10.3 billion. This recent increase has propelled the token’s overall market valuation to the ninth-largest position, according to the crypto market capitalization

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Bitcoin Becomes 12th Largest Asset Worldwide by Valuation, Surpassing Visa – Market Updates Bitcoin News

After dropping below $26,000 per unit, the price of bitcoin, the leading digital asset by market capitalization, is still up 9.6% since last week. However, its price has decreased by 6.5% in the last 24 hours. Out of the 7,316 companies, crypto assets, precious metals, and exchange-traded funds worth more

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