Cap Labs CAP Token Auction Closes at $106 Million FDV With 5.5x Oversubscription

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Trader VBVIT builds largest SpaceX short position at $29M

The massive short position highlights skepticism about SpaceX's valuation, potentially increasing market volatility and testing crypto's role in IPOs. The post Trader VBVIT builds largest SpaceX short position at $29M appeared first on Crypto Briefing.

Jun 18, 9:36 PM

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Cap Labs closes CAP token auction at $106M FDV, 5.5x oversubscribed

The oversubscription highlights strong investor interest in DeFi, signaling a shift towards transparent, on-chain auction mechanisms. The post Cap Labs closes CAP token auction at $106M FDV, 5.5x oversubscribed appeared first on Crypto Briefing.

Jun 18, 8:41 PM

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SpaceX loses $490B in value, shares drop 20% in 48 hours

SpaceX's valuation plunge highlights the volatility of high-growth tech stocks and the risks of inflated market caps amid shifting investor sentiment. The post SpaceX loses $490B in value, shares drop 20% in 48 hours appeared first on Crypto Briefing.

Jun 18, 5:24 PM

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Baseten raises $1.5B in new funding round, valuation soars to $13B

Baseten's rapid valuation growth highlights the increasing demand for AI infrastructure, signaling a shift towards open-source model optimization. The post Baseten raises $1.5B in new funding round, valuation soars to $13B appeared first on Crypto Briefing.

Jun 18, 3:04 PM

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Odyssey secures $1.45B valuation with $310M raise backed by Amazon

Odyssey's growth and strategic partnerships could accelerate advancements in AI-driven simulations, impacting industries reliant on complex modeling. The post Odyssey secures $1.45B valuation with $310M raise backed by Amazon appeared first on Crypto Briefing.

Jun 17, 6:03 PM

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Anthropic Surpasses OpenAI in Business Spending as Government Ban Rattles IPO Prospects

Anthropic ended May by overtaking OpenAI in business market share for the first time, according to data from Ramp, with AI subscriptions rising to 41% against OpenAI’s 39.5%. The milestone coincided with a $65 billion raise at a near-trillion-dollar valuation and the confidential filing of IPO paperwork off the back of its first profitable quarter. […]

Jun 17, 2:47 PM

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Jeff Bezos backs UK start-up CuspAI in $400mn funding round

New financing will more than quadruple the two-year-old AI company’s valuation to $2.6bn

Jun 17, 4:00 AM

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Binance ignites SpaceX trading frenzy with new bStocks launch

Binance has launched tokenized SpaceX shares as trading demand pushes the company’s valuation above $3 trillion and drives a surge in SpaceX-linked crypto products. According to a June 12 announcement from Binance, the exchange has listed SPCXB, a tokenized version…

Jun 16, 10:23 PM