Genesis, one of the largest crypto lending firms, approached crypto exchange Binance and private equity firm Apollo Global Management for cash, Bloomberg reported on Tuesday. Genesis has been seeking up to $1 billion in funding, according to multiple reports. The talks come as Genesis’ withdrawals remain frozen after customers rushed to pull out money following the collapse of FTX. Genesis has...
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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. As Musk has...
Twitter Valued at $20 Billion in New Employee Stock Grant
Amazon Starts Latest Round of 9,000 Layoffs
Nasdaq to Launch Crypto Custody Service By End of June
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