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Starcloud Raises $250 Million in Funding, NVIDIA Invests Approximately $25 Million
According to TechCrunch, space computing startup Starcloud announced the closing of a new $250 million funding round led by Manhattan West Ventures, with participation from Nvidia, Cisco, Benchmark, EQT, and other investors; Nvidia invested approximately $25 million. The funds will be used to expand satellite manufacturing facilities and advance the R&D of the next-generation orbital data center satellite, Starcloud-3. Starcloud stated that it is already operating an Nvidia H100 data center GPU in orbit and has completed model training based on the chip; meanwhile, it is collaborating with Nvidia to provide test data for the upcoming Vera Rubin Space-1 GPU, which is designed for space environments. CEO Philip Johnston previously stated that the company plans to explore space Bitcoin mining.
SpaceX IPO investor demand has already exceeded $250 billion, approximately four times oversubscribed
investor demand for SpaceX's initial public offering has surpassed $250 billion, higher than the company's planned fundraising target of $75 billion, with an oversubscription rate of approximately three and a half to four times the planned offering size.SpaceX President Gwynne Shotwell and CFO Bret Johnsen attended a lunch hosted by Morgan Stanley in Manhattan on Tuesday, meeting with around 300 institutional investors. Elon Musk briefly participated in some Zoom investor meetings during the roadshow. Investor demand may still change before the IPO pricing, which is expected to take place on Thursday afternoon. (Reuters)
SEC Investigating Susquehanna International Group's Allegations of Insider Trading Involving Futu and Tiger Brokers, Profiting $100 Million Through Options Bets
according to sources familiar with the matter, U.S. regulators are investigating allegations brought by Susquehanna International Group. The allegations claim that an unknown insider trader profited $100 million through options bets ahead of the recent Chinese regulatory crackdown on cross-border brokerages Futu and Tiger Brokers. Susquehanna made these allegations public in a lawsuit filed in the Manhattan federal court on June 29.The sources indicated that the U.S. SEC is reviewing the trades described in the market maker's complaint. In its lawsuit, Susquehanna claims it lost over $70 million as the counterparty to much of the alleged insider trading. The lawsuit states that traders purchased options traded on U.S. exchanges of Chinese securities firms, which subsequently became the target of a regulatory crackdown on May 22. The scope and stage of the SEC investigation are currently unclear. A U.S. judge on June 29 granted Susquehanna's request to freeze the relevant accounts. The Chinese government stated that Futu and Tiger Brokers were providing unlicensed trading services to mainland residents. The stock prices of both companies fell following the announcement on May 22. Futu was fined 1.85 billion yuan in regulatory penalties, and founder Leaf Li saw his wealth decrease by $1.7 billion in a single day. (Straits Times)
SpaceX IPO investor demand has already exceeded $250 billion, approximately four times oversubscribed
investor demand for SpaceX's initial public offering has surpassed $250 billion, higher than the company's planned fundraising target of $75 billion, with an oversubscription rate of approximately three and a half to four times the planned offering size.SpaceX President Gwynne Shotwell and CFO Bret Johnsen attended a lunch hosted by Morgan Stanley in Manhattan on Tuesday, meeting with around 300 institutional investors. Elon Musk briefly participated in some Zoom investor meetings during the roadshow. Investor demand may still change before the IPO pricing, which is expected to take place on Thursday afternoon. (Reuters)
US Judge Approves Aave to Proceed with Transfer of $71 Million in ETH Linked to North Korean Hackers
Odaily News: Margaret Garnett, a U.S. District Judge in Manhattan, has approved Aave's asset recovery proposal, allowing the transfer of approximately $71 million in ETH previously frozen on Arbitrum and linked to North Korean-linked attacks, to a wallet controlled by Aave LLC, while preserving the legal claims of terrorism victim plaintiffs over the funds. The ruling also amended the earlier freeze notice against the Arbitrum DAO, permitting the transfer to be executed through an on-chain governance vote and exempting those who propose, vote on, or participate in the transfer from liability under the freeze order. The transfer is still subject to an official vote by Arbitrum's on-chain governance. (CoinDesk)
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U.S. Department of Justice says Iranian oil revenues were laundered through Binance and seeks to seize $61 million.
According to Bloomberg, the U.S. Department of Justice is seeking to seize $61 million, alleging the funds originated from Iranian black-market oil sales and were laundered through cryptocurrency exchange Binance. In a civil forfeiture lawsuit, Manhattan federal prosecutors allege that Iran used a network of cryptocurrency participants to launder over $1.5 billion in illicit oil funds. Prosecutors state that the entities involved utilized Binance trading accounts to transfer oil proceeds to Iran and its proxies and affiliated organizations to fund military and terrorist activities.
Starcloud Raises $250 Million in Funding, NVIDIA Invests Approximately $25 Million
According to TechCrunch, space computing startup Starcloud announced the closing of a new $250 million funding round led by Manhattan West Ventures, with participation from Nvidia, Cisco, Benchmark, EQT, and other investors; Nvidia invested approximately $25 million. The funds will be used to expand satellite manufacturing facilities and advance the R&D of the next-generation orbital data center satellite, Starcloud-3. Starcloud stated that it is already operating an Nvidia H100 data center GPU in orbit and has completed model training based on the chip; meanwhile, it is collaborating with Nvidia to provide test data for the upcoming Vera Rubin Space-1 GPU, which is designed for space environments. CEO Philip Johnston previously stated that the company plans to explore space Bitcoin mining.
Former Bitquery CEO Allegedly Misappropriated $5 Million and Deleted Financial Records
According to The Times of India, cryptocurrency data company Bitquery filed a lawsuit at the New York Manhattan Supreme Court, alleging that its former CEO and co-founder Dionysios "Dean" Karakitsos transferred over $5 million to accounts belonging to himself and related parties since 2022 by leveraging exclusive control over the company's financial accounts. Before resigning in October 2025, Karakitsos allegedly deleted 194 expense and bill records in the QuickBooks system and tampered with other financial data to conceal the transfer activities. Additionally, he was accused of misrepresenting company account balances to investors as $5 million to $6 million, while the company's actual annual revenue was only about $2 million. Karakitsos currently denies the aforementioned allegations, and the company has appointed co-founder Aleksey Studnev as the new CEO.
Anthropic reportedly plans to expand in Manhattan, New York, doubling its New York City workforce to 1,000 people
Anthropic is reportedly planning to expand in Manhattan, New York, aiming to double its New York City workforce to 1,000 people. The company plans to lease a 16-story building in Hudson Square and will begin relocating to New York City in the summer of 2026. (Cailianshe)
SEC Investigating Susquehanna International Group's Allegations of Insider Trading Involving Futu and Tiger Brokers, Profiting $100 Million Through Options Bets
according to sources familiar with the matter, U.S. regulators are investigating allegations brought by Susquehanna International Group. The allegations claim that an unknown insider trader profited $100 million through options bets ahead of the recent Chinese regulatory crackdown on cross-border brokerages Futu and Tiger Brokers. Susquehanna made these allegations public in a lawsuit filed in the Manhattan federal court on June 29.The sources indicated that the U.S. SEC is reviewing the trades described in the market maker's complaint. In its lawsuit, Susquehanna claims it lost over $70 million as the counterparty to much of the alleged insider trading. The lawsuit states that traders purchased options traded on U.S. exchanges of Chinese securities firms, which subsequently became the target of a regulatory crackdown on May 22. The scope and stage of the SEC investigation are currently unclear. A U.S. judge on June 29 granted Susquehanna's request to freeze the relevant accounts. The Chinese government stated that Futu and Tiger Brokers were providing unlicensed trading services to mainland residents. The stock prices of both companies fell following the announcement on May 22. Futu was fined 1.85 billion yuan in regulatory penalties, and founder Leaf Li saw his wealth decrease by $1.7 billion in a single day. (Straits Times)
U.S. Federal Appeals Court Upholds SBF's Fraud Conviction
a U.S. federal appeals court on Friday upheld the fraud conviction against former cryptocurrency mogul SBF, handed down in 2023. This ruling came just days after Sam Bankman-Fried filed a request for a presidential pardon.A panel of judges from the Second Circuit Court of Appeals in Manhattan rejected the defense's argument that the platform was over-collateralized and that all customers had been fully compensated. Sam Bankman-Fried was sentenced to 25 years in prison for conspiracy and fraud charges. Although he hoped to receive a presidential pardon after serving his sentence, the U.S. President stated in January that there were no plans to pardon the FTX founder. (justthenews)