Abu Dhabi’s ADIC Plans $15 Billion Leveraged Hedge Fund BetAn Abu Dhabi-based investor is considering building exposure worth $15 billion with global hedge funds, people familiar with the matter said, an outlay that will mark one of the emirate’s most significant forays into the sector.
Data Center Battery Maker ZincFive to Merge With SparkLabs SPACZincFive Inc., a specialized battery maker supplying data centers, has agreed to go public through a merger with a blank-check company backed by SparkLabs Group at a pre-money valuation of $600 million.
Hungary to Decriminalize Crypto Trading in Reversal From OrbanHungary will decriminalize crypto trading in a reversal of restrictions introduced under former leader Viktor Orban.
Andreessen Horowitz Backs Blockchain Used by Wall Street GiantsBlockchain builder Digital Asset Holdings LLC raised $355 million in a new funding round led by Andreessen Horowitz’s main crypto fund, as Wall Street accelerates its focus on using the technology underlying cryptocurrencies to handle traditional assets.
Japan Moves to Regulate Crypto Like Stocks in Market Growth PushJapan’s parliament is poised to pass legislation bringing cryptocurrencies under the same regulatory framework as stocks, a move that’s set to expand access to digital assets.
Stocks Rally as Trump Signals US-Iran Deal Is Near: Markets WrapWall Street powered a rally in stocks as oil sank after President Donald Trump signaled the US is close to a deal with Iran, fueling hopes for an end to the war that’s rattled global markets.
Tether Backs German Robotics Startup Neura in $1.4 Billion RoundGerman startup Neura Robotics has raised about $1.4 billion in a funding round backed by stablecoin issuer Tether Holdings SA to develop and ship its artificial intelligence-powered humanoid robot.
CFTC Floats Prediction Market Rule to Crack Down on War BetsThe Commodity Futures Trading Commission unveiled a proposal for prediction markets Wednesday that would crack down on bets related to war, terrorism and assassination.