Plus, a developer of self-driving trucks based in the U.S. and China, said on Monday it would go public through a merger with special purpose acquisition company Hennessy Capital V. The transaction would bring the company $500 million and a valuation of $3.3 billion. The company said the deal is expected to close in the third quarter and marks the second autonomous truck developer to go...
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Why the CFTC’s Binance Lawsuit Is Good News for Coinbase
Privately held crypto exchanges are setting new lows in corporate governance. If you thought the initial bankruptcy filing for Sam Bankman-Fried’s FTX was stunning in what it revealed about how that company was run, check out the Commodity Futures Trading Commissions lawsuit against Binance today. Here’s a business empire controlled by one person, Changpeng Zhao, which has no board of directors...
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