News linked to both this project and an event.
According to Reuters, payment company Stripe and private equity firm Advent International have jointly submitted an acquisition offer to PayPal Holdings (PYPL.O), bidding $60.50 per share for a total valuation exceeding $53 billion, a premium of approximately 28% over PayPal's closing price on Tuesday. The offer is supported by approximately $50 billion in committed bank financing, with both parties planning to hold 50% equity each and not break up the company. The acquisition proposal was submitted earlier this month, following initial contact between the parties in early April. No response has been received from PayPal so far, and Stripe and Advent hope to reach an agreement by the end of the month. Whether the deal will ultimately close remains uncertain.
SBI and the Solana Foundation have announced a strategic partnership to jointly advance the development of Japan's on-chain financial market. Under the collaboration agreement, the Solana Foundation will acquire a stake in SBI R3 Japan, and work alongside existing shareholders SBI and Sumitomo Mitsui Financial Group to drive a new growth strategy. The company plans to rebrand as SBI Solana Global Co., Ltd. SBI Solana Global will focus on promoting the issuance and circulation of yen stablecoins such as JPYSC on the Solana network, supporting the issuance and circulation of corporate bonds and tokenized RWAs, building cross-border payment infrastructure, providing on-chain financial services for institutional investors, and developing the next generation of payment infrastructure for the AI Agent era.
OnRe Finance has completed a $5 million funding round, co-led by Forward (Solana's largest treasury management firm) and Rockaway. The capital will be used to accelerate the development of on-chain reinsurance business on Solana. Forward plans to deploy up to $25 million into OnRe's ONyc token to gain exposure to tokenized reinsurance yields.
According to PR Newswire, Valour, a subsidiary of DeFi Technologies, has secured approximately USD 11 million in institutional investment to purchase its Hedera (HBAR)-related ETP products—around USD 10 million for the product listed on the Frankfurt Stock Exchange and approximately USD 1 million for Valour Hedera SEK, listed on Sweden’s Spotlight Exchange. DeFi Technologies stated that both transactions were facilitated by its Abu Dhabi workshop, reflecting growing institutional demand for regulated, exchange-traded products providing exposure to Hedera and supporting the growth of its assets under management in the German market.