Category: billion
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Norway wealth fund to vote against Musk’s $56 billion Tesla pay package By Reuters
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Written by Louise Rasmussen and Gwladys Foch OSLO (Reuters) – Norway’s $1.7 trillion sovereign wealth fund said on Saturday it would vote against ratifying Tesla Inc CEO Elon Musk’s $56 billion pay package, which will be put to a shareholder vote next week, after… A Delaware judge struck it down…
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DeFi Loans Surging To Record 11 Billion And What Does It Means For Market
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The decentralized finance (DeFi) scene has been on the rise recently, with the total value locked (TVL) in DeFi loans reaching $11 billion, the highest level in two years. This explosive growth has been driven by a myriad of factors, including the relentless pursuit of higher returns, the evolving strategies…
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Bitcoin Miner Core Scientific Partners With AI Firm, Forecasts $3.5 Billion in Revenue
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Core Scientific, a major player in the digital infrastructure industry in North America, announced a strategic partnership that includes a series of long-term contracts spanning 12 years with CoreWeave, an AI hyperscaler company. Under the agreement, Core Scientific will supply approximately 200 MW of infrastructure to support CoreWeave’s high-performance computing…
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Is BRETT The New Meme Coin King? Token Surges 300% And Nears $2 Billion Market Cap
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As the overall sentiment in the cryptocurrency market turns bullish, leading cryptocurrencies have regained previously lost levels and ignited more interest in meme coins. BRETT (BRETT) has emerged as a standout performer, with gains of 400% in the past 30 days alone. Having launched just three months ago, BRETT now…
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Tesla objects to $5.6 billion payout for lawyers who voided Musk’s pay
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Written by Tom Hales WILMINGTON, Delaware (Reuters) – The legal team that invalidated Tesla Inc’s record pay package is entitled to a small portion of the $5.6 billion legal fees it sought because their lawsuit provided almost no benefit, the electric car maker said in court papers on Friday. For…
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Tesla objects to $5.6 billion payout for lawyers who voided Musk’s pay By Reuters
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Written by Tom Hales WILMINGTON, Delaware (Reuters) – The Wilmington electric car maker (NASDAQ:) said the legal team that invalidated Tesla Inc’s (NASDAQ:) record pay package is entitled to a small portion of the $5.6 billion legal fees they sought because their lawsuit It provided almost no benefit to the…
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KKR, GIP lead $25 billion regional infrastructure tie-up, US says By Reuters
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SINGAPORE (Reuters) – KKR, Global Infrastructure Partners (GIP) and the Indo-Pacific Partnership for Prosperity have formed an alliance to invest $25 billion in infrastructure in the Indo-Pacific region, U.S. Commerce Secretary Gina Raimondo said on Thursday. Raimondo, who was speaking in Singapore, said the investment will include green data centers…
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Binance Counters $13 Billion Lawsuit: Pursues Size Reduction In UK Legal Showdown
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In a recent development, cryptocurrency exchange Binance has moved to dismiss the majority of a £10 billion ($12.8 billion) lawsuit filed in London, mentioned By Reuters. The lawsuit, which is being heard at the Competition Appeal Tribunal (CAT), accuses Binance and other exchanges of conspiring to “delist” cryptocurrency Bitcoin Satoshi…
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Binance Counters $13 Billion Lawsuit: Pursues Size Reduction In UK Legal Showdown
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In a recent development, cryptocurrency exchange Binance has moved to dismiss the majority of a £10 billion ($12.8 billion) lawsuit filed in London, mentioned By Reuters. The lawsuit, which is being heard at the Competition Appeal Tribunal (CAT), accuses Binance and other exchanges of conspiring to “delist” cryptocurrency Bitcoin Satoshi…
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Crypto Markets Add $80 Billion Daily as Bitcoin (BTC) Explodes to $71K (Market Watch)
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After failing to overcome the $70,000 level on Monday, Bitcoin went on the offensive in the last few hours and rose past that level and reached a multi-week peak of over $71,250. Altcoins have also turned green, with huge gains from the likes of Binance Coin, Toncoin, Shiba Inu, Uniswap…
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BlackRock’s $20 Billion IBIT Becomes The World’s Largest Bitcoin ETF
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BlackRock’s Bitcoin spot ETF, iShares Bitcoin Trust (IBIT), has surpassed Grayscale’s Bitcoin Trust (GBTC) as the world’s largest Bitcoin ETF. As of May 28, IBIT has over $20 billion in assets with 288,670 BTC in its trust. This exceeds GBTC’s $19.7 billion in assets and 287,450 Bitcoin holdings. JUST IN:…
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FTX Settles $24 Billion Tax Dispute with Internal Revenue Service
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FTX has reached a settlement with its largest creditor, the Internal Revenue Service (IRS). This agreement resolves a major $24 billion tax dispute that has been looming over the stock exchange’s restructuring process. Initially, the IRS claimed that FTX owed more than $44 billion in taxes, but that amount was…
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Bitcoin Transactions Hit Yearly High: Over $25 Billion Transferred
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While the price of Bitcoin is stagnant below a major resistance level, the blockchain has achieved a remarkable milestone before the end of the month. On May 28, transactions on the Bitcoin network exceeded $25 billion in estimated value, marking the highest level in US dollar terms over the past…
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Bitcoin Transactions Hit Yearly High: Over $25 Billion Transferred
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While the price of Bitcoin is stagnant below a major resistance level, the blockchain has achieved a remarkable milestone before the end of the month. On May 28, transactions on the Bitcoin network exceeded $25 billion in estimated value, marking the highest level in US dollar terms over the past…
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Crypto Investment Products See $185M Inflows, May Sets New Record At $2 Billion
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The cryptocurrency market is showing signs of a bullish recovery, with reports of a staggering $2 billion in inflows for May alone. Along with this positive trend, Ethereum (ETH) has seen a notable shift in investor sentiment as a long-awaited cryptocurrency. Exchange-traded funds Exchange-traded funds (ETFs) for the market’s second-largest…
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Crypto Investment Products See $185M Inflows, May Sets New Record At $2 Billion
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The cryptocurrency market is showing signs of a bullish recovery, with reports of a staggering $2 billion in inflows for May alone. Along with this positive trend, Ethereum (ETH) has seen a notable shift in investor sentiment as a long-awaited cryptocurrency. Exchange-traded funds Exchange-traded funds (ETFs) for the market’s second-largest…
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Ethereum Endgame? Investors Pull $3 Billion From Exchanges
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The winds of change are blowing across the Ethereum ecosystem. Since the long-awaited approval of Ethereum spot ETFs in the US on May 23, a quiet Ethereum exodus has begun. A massive amount of the world’s second-largest cryptocurrency, or about $3 billion, has disappeared from centralized exchanges, marking the lowest…
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Saudi Arabia’s oil giant sees massive stock offering sell out in hours as investors clamor for annual dividend payouts of $124 billion
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Saudi Aramco shares worth $12 billion were sold shortly after the deal opened on Sunday, a gift to the government seeking funds to help pay for a massive economic transformation plan. The government had ordered all the shares on offer within a few hours after the books opened, according to…