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Spend management startup Ramp announced on Tuesday that it raised a $200 million Series E led by its largest investor, Founders Fund, at a post-money valuation of $16 billion. This is a jaw-dropping $3 billion increase over the $13 billion valuation Ramp announced just a few months ago in March, after a $150 million secondary … Read more
Expense management startup Ramp has nearly doubled its valuation to $13 billion after a $150 million secondary share sale, the company announced Monday morning. New and existing backers including VC Stripes, GIC, Avenir Growth, Thrive Capital, Khosla Ventures, General Catalyst, Lux Capital, 137 Ventures, and Definition Capital bought the secondaries from employees and early investors. … Read more
Tether reported a net profit of $13 billion in 2024, driven by its businesses, including the issuance of USDT, the largest stablecoin in the crypto market. Tether, the issuer of crypto’s biggest stablecoin (USDT), generated $13 billion in profits last year amid soaring digital asset adoption and a new all-time high in U.S. Treasury Bills … Read more
Key Takeaways Tether’s 2024 net profits exceeded $13 billion, pushing total group equity past $20 billion. The company’s exposure to US Treasuries hit a record $113 billion, reinforcing its liquidity position. Share this article Tether’s latest attestation highlights its continued dominance in the stablecoin market, with $13 billion in yearly profits and $45 billion in … Read more
Key Takeaways TRUMP token has surpassed Pepe and Shiba Inu to become the second-largest meme coin. The token experienced criticism over its distribution, with 80% owned by Trump Organization-linked companies. Share this article TRUMP, a newly launched meme coin created by President-elect Donald Trump, has flipped Pepe (PEPE) and Shiba Inu (SHIB) to become the … Read more
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