FTX, the third largest cryptocurrency exchange by trading volume, raised $400 million in a new funding round that valued the company at $32 billion, the company announced Monday. Among the investors participating were SoftBank Vision Fund 2, Paradigm, Tiger Global, Lightspeed Venture Partners and Ontario Teachers’ Pension Plan Board. The new investment comes less than four months after FTX...
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The Briefing Markets
Musk Throws Shade at Twitter CEO (and Securities Rules)
It’s day 43 in the Elon Musk–Twitter saga—and things are getting even weirder. Today we witnessed the bizarre spectacle of Elon Musk tweeting a poop emoji at Parag Agrawal after the Twitter CEO tried to clarify the company’s procedures for keeping spam bots at bay. A short time later, Bloomberg reported that Musk had told a private conference in Miami a viable deal for Twitter at a lower price...
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