The price of bitcoin rose above $61,400 on Friday, up 8% from the day before, following a report from Bloomberg that the first bitcoin futures exchange-traded funds will start trading next week. The development would be a major victory for the cryptocurrency industry, which has been lobbying the Securities and Exchange Commission for approval of a bitcoin-related ETF for almost a decade. The...
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Musk Puts $20 Billion Value on Twitter
Elon Musk offered Twitter employees stock grants at a valuation of roughly $20 billion, said a person familiar with an email Musk sent to staff, less than half what he paid to buy the company. It was a concrete acknowledgment of how much Twitter’s value has dropped since the deal—but it is still well above public market valuation levels for Twitter’s rivals.
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