Databricks Inc. is in the process of finalizing a funding round that will value it at $118 billion. The company announced the deal on Thursday without disclosing the amount that it’s raising. According to the Wall Street Journal, the round will add $3 billion to Databricks’ balance sheet. Coatue is leading the investment with contributions…
The FTX Recovery Trust and company have distributed about $10 billion since the exchange filed for bankruptcy in November 2022, leaving users cut off from their funds. Source: cointelegraph.com Read Full Story
ECB board member Piero Cipollone laid out the three-layer threat banks face from digital payments, and pitched the digital euro as the only structural answer. Source: decrypt.co Read Full Story
Citadel Securities, the Wall Street market maker, now has $600 million in announced strategic investments across two rival crypto exchanges, each valued at $20 billion. Crypto.com announced its $400 million deal on July 16, 2026. Previously, on Nov. 18, 2025, Kraken disclosed an executed agreement for a $200 million investment at the same valuation. Together,…
Every morning, airline dispatchers, grid operators, and farmers around the world make decisions based on the same thing: a weather forecast. While these forecasts are something that most people glance at for two seconds, weather predictions influence major strategic decisions in many industries, with real money, livelihoods, and even actual lives at stake. Farmers use…
On today’s Uncanny Valley, we unpack OpenAI’s ongoing drama, both legal and reputational, and whether these developments could further hurt the company—particularly in its fight against Anthropic. Source: www.wired.com Read Full Story
Across 107 enterprises, AI infrastructure spending is accelerating well ahead of the ability to see or steer its economics. Most organizations run their AI on a familiar base of hyperscalers and model-provider APIs, yet the next dollar is aimed at specialized compute almost none of them use today; a majority intend to switch or add…
The policymaker said this week’s good inflation news wasn’t good enough. Source: www.cnbc.com Read Full Story
T. Rowe Price launched what it says is the industry’s first actively managed multi-token spot crypto ETF, offering diversified exposure to digital assets. Source: www.coindesk.com Read Full Story
Built on Hyperliquid, Trasia was co-founded by former Multicoin Capital partner Mable Jiang and aims to serve Asian traders. Source: www.theblock.co Read Full Story