When Parthi Duraisamy was a consultant at McKinsey’s Dubai office, he discovered that the American Express cards his company relied on for corporate expenses were rarely accepted in the Middle East. This forced Duraisamy to cover significant travel expenses out of pocket and file endless expense reports. “It was a constant pain,” Duraisamy explained on the call. “I’d spend my weekends uploading receipts, reconciling every expense manually.” Now, Alaan, the company he launched with fellow McKinsey alumnus Karun Kurien, is the Middle East’s leading spend management platform. It just announced that it raised $48 million in Series A funding led…
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Just a few weeks after Crypto Asset Manager, Barry Silbert made a notable return to Asset Management Company, Crypto Exchange-Traded Fund (ETF) Issuer (ETF) as chairman. Submit Confidential US initial public offering (IPO). Silvert, who founded Grayscale in 2013, will take over Mark Shifuke. Mark Shifke will remain on the board as the company prepares for its future as a stock-traded entity. This leadership transition is consistent with plans to introduce independent directors to strengthen Grayscale’s governance. Grayscale’s new executive team In a key move to strengthen the executive team, Grayscale has appointed four experts from a broad background in…
Key Takeaways The CFTC is considering allowing futures exchanges to offer spot crypto asset trading, including Bitcoin. Public feedback is being sought on regulatory implications and procedures for listing spot crypto contracts on U.S. exchanges. The Commodity Futures Trading Commission (CFTC) is launching a new initiative to allow spot trading of Bitcoin and crypto asset contracts on registered futures exchanges, also known as Designated Contract Markets (DCMs), Acting Chair Caroline Pham announced Monday. The move is the first step in implementing recommendations from the President’s Working Group on Digital Asset Markets. It is part of the CFTC’s “Crypto Sprint” initiative…
Key Takeaways A proposed White House executive order aims to penalize banks that discriminate against crypto and conservative companies. Banks may face fines or disciplinary measures if found violating equal credit, antitrust, or consumer protection laws. Share this article Banks could soon face federal penalties for cutting off conservative or crypto clients for political reasons under a forthcoming executive order, The Wall Street Journal reported Monday.According to a draft order spearheaded by the White House, bank regulators would investigate whether financial institutions violated the Equal Credit Opportunity Act, antitrust laws, or consumer financial protection laws. Violators could face monetary penalties,…
Key Takeaways CrediX suffered an exploit after an attacker gained multisig admin and bridge controller roles, draining the protocol’s pool.The incident forced CrediX to disable its website. CrediX, a Solana-based decentralized finance (DeFi) platform that tokenizes private credit, was exploited on Monday, according to a statement released the same day. Credix seems to have had a security breach. We are investigating and will share details soon — CrediX (@CrediX_fi) August 4, 2025 Blockchain security firm SlowMist, which first flagged the incident, reported that CrediX was exploited after a malicious actor was added as both an Admin and a…
Key Takeaways BitMine Immersion now holds 833,137 ETH, making it the largest Ethereum treasury globally. Tom Lee said that BitMine’s aggressive ETH accumulation strategy has paid off quickly, boosting both its crypto assets and shareholder value. Share this article BitMine Immersion (BMNR), the largest Ethereum (ETH) treasury company led by Thomas “Tom” Lee, founder and CIO of Fundstrat, revealed Monday that its Ethereum holdings have reached 833,137 units.With ETH trading at $3,557 at press time, BitMine’s Ethereum stash is now valued at $2.9 billion. The company has aggressively accumulated Ethereum since the official start of its ETH pursuit in late…
Google’s AI-powered bug hunter has just reported its first batch of security vulnerabilities. Heather Adkins, Google’s vice president of security, announced Monday that its LLM-based vulnerability researcher Big Sleep found and reported 20 flaws in various popular open source software. Adkins said that Big Sleep, which is developed by the company’s AI department DeepMind as well as its elite team of hackers Project Zero, reported its first-ever vulnerabilities, mostly in open source software such as audio and video library FFmpeg and image-editing suite ImageMagick. Given that the vulnerabilities are not fixed yet, we don’t have details of their impact or…
Earlier last week Ethereum prices were boosted Bad, give up some of the profits you earn from Previous Bull Rally. Despite this brief, debilitating show, crypto critics predict that major altcoins may be on the brink An explosive rally towards a new history $9,000. This bullish projection is based on completion of spreading wedge formation and ongoing retest of the upper limit of the pattern, and may now serve as a support. Ethereum Price Chart shows a big breakout According to a new technical analysis release By Gert Van Lagen, an expert on X social media’s Crypto Market, Ethereum Prepare…
ChatGPT’s impressive growth as a consumer app continues as the chatbot is on track to hit 700 million weekly active users this week, the company says. The app had earlier reached 500 million weekly active users as of the end of March, noted Nick Turley, OpenAI VP and head of ChatGPT’s app, in a post on X. He also said the app has grown 4x since last year. “Every day, people and teams are learning, creating, and solving harder problems. Big week ahead. Grateful to the team for making ChatGPT more useful and delivering on our mission so everyone can…
Key Takeaways Bullish aims to raise up to $629 million in its IPO at a $4.2 billion valuation. The firm plans to convert IPO proceeds into stablecoins through partnerships with token issuers. Share this article Peter Thiel-backed crypto exchange Bullish plans to raise up to $629 million in its initial public offering (IPO), targeting a valuation of up to $4.2 billion, according to a Monday SEC filing.The filing comes after the company, which serves institutional crypto traders and owns media outlet CoinDesk, formally filed for a US IPO with the SEC last month.Bullish is offering 20.3 million shares on the…