Category: billion
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GameStop Raises $2.14 Billion on Back of Roaring Kitty-Led Rally
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(Bloomberg) — GameStop Corp. raised nearly $2.14 billion from a stock selling program as it benefited from a stock rally after Keith Gill raised shares following his return to YouTube. Most read from Bloomberg The video game retailer has now raised more than $3 billion over the past month through…
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California’s homelessness ‘solution’ is a $1 billion deal for 1,200 tiny homes that might not even come with a bathroom
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In March of last year, California Governor Gavin Newsom promised to build 1,200 tiny homes to temporarily house homeless people, specifically those already living in encampments, in four major areas across the Golden State. The idea of homes extends beyond just a place to rest your head. Under the governor’s…
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Tether To Invest Over $1 Billion In Emerging Technologies And Disruptive Fintech
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The cryptocurrency industry has witnessed a remarkable transformation in recent years, with prominent players emerging from it pregnancy At the forefront of this development. As the issuer of the tether usdt stablecoin and the dominant force in the cryptocurrency scene, Tether is poised to make a significant impact with its…
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Tesla turns to Musk’s small shareholder fans to back $56 billion payday By Reuters
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Written by Ross Kerber (Reuters) – With Tesla Inc’s (NASDAQ:) major shareholders appearing divided over whether to support Elon Musk’s $56 billion pay package, the company is also looking for support from individual investors who make up an unusually high percentage of the industry’s ownership base. Electric cars. Small investors…
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Ethereum Layer 2 Scaling Network Base Soars To New Heights, Surpassing $8 Billion In Total Value Locked
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The world of decentralized finance (DeFi) and blockchain technology has seen a significant shift in recent months, with Ethereum’s Layer 2 network expanding. a base Emerging as a real force. In an impressive feat, Base not only surpassed its closest competitor, Optimism’s OP Mainnet, but also reached a staggering $8…
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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…