SpaceX IPO plans have made a different move as Elon Musk considers assigning a bigger share of the offering to retail investors. Reports indicate that up to 30% of the IPO could be assigned for individual participants. This move would be a shift from the traditional format, where retail investors receive between 5% and 10%. […]
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Tether, the world’s largest stablecoin issuer, has hired accounting firm KPMG for a full audit of USDT stablecoin reserves ahead of US expansion. The company has also tapped PwC to help prepare its internal systems for the process. This move comes amid the latest progress on the CLARITY Act, with bipartisan support to pass the […]
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Binance, one of the world’s largest crypto exchanges, is facing yet another legal setback. The platform faces a $10 million fine from the Australian Federal Court after experiencing legal difficulties in the United States. The court decision followed Binance’s admission that it had mistakenly identified most of its customers, who then used high-risk derivatives meant […]
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MSTR stock price faces renewed downside risks after a Strategy board director filed with the US SEC to sell company shares. It coincides with the stock’s recent weakness. MicroStrategy Class A stock is under selling pressure amid share dilution, lower analyst forecasts, and falling Bitcoin prices. Strategy Director Jarrod Patten Sold 700 Class A Common […]
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A new clash is brewing between lawmakers and the Federal Reserve. At the centre of the debate is Kraken’s recent acquisition of a limited-purpose master account, granting it access to the Fed’s payment infrastructure. This approval has created doubts about the organization’s transparent operations and its legal adherence to established standards. Lawmakers, including Maxine Waters, […]
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It may feel like a lifetime ago when Yoshinobu Yamamoto fired a splitter to Alejandro Kirk, who rolled a ground ball to Mookie Betts with the bases loaded, Betts simply stepping on second and tossing to first and ending a World Series, just like that. Yet here we are, Opening Day upon us and real […]
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Super Bowl champion Reggie Bush is ready to ace ownership. On Thursday, League One Volleyball (LOVB) announced that Synergy Sports Capital, a $150 million private equity fund led by former NFL players Terrence C. Murphy Sr. and Reggie Bush, has acquired the rights of LOVB Salt Lake. “When we look for owners, we look for […]
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Texas coach Vic Schaefer is chasing his first national championship after leading two different programs to the Final Four. Schaefer’s defensive adjustments, prompted by a past loss to Oregon, helped Texas dominate the Ducks in the second round of the NCAA Tournament. Schaefer has guided Texas to its fifth Sweet 16 appearance in his sixth […]
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Believe it or not, it’s been two weeks since NFL free agency (officially) started – the league’s landscape reshaped by player movement as trades and new contracts began being processed on March 11. And while a few notable names currently remain unclaimed – Aaron Rodgers, Jauan Jennings, Stefon Diggs, Kirk Cousins and Joey Bosa among […]
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There will eventually be struggles for Kevin McGonigle, certainly times the Detroit Tigers might wonder if they’d gotten a little too excited by naming their top prospect to the Opening Day roster of a club with World Series aspirations. Yet for one at-bat, anyway, McGonigle showed what all the hype is about. Baseball’s consensus No. […]
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