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The Latest Breaking News from Leo Schwartz

Wall Street buckles in for a long war as Hormuz remains closed and Trump says he has ‘plenty of time’

Three words spooking the market.

Fortune

Senator opens inquiry into Binance over allegations it fired investigators who flagged that more than $1 billion flowed to Iranian entities

The probe comes after a Fortune investigation raised questions about the crypto firm’s compliance program.

Fortune

Binance fires top investigators who claim to have uncovered evidence of Iranian sanctions violations

Internal findings by the fired investigators reviewed by Fortune pointed to over $1 billion in Tether flowing through Binance to Iran-linked wallets.

Fortune

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DeFi has earned a seat at the grown-ups table—now comes the hard part

Hyperliquid’s rapid rise poses a test for decentralization.

Fortune

Plaid names Seun Sodipo CFO as it enters next phase of fintech growth

Sodipo joins the company from Glossier, where she was CFO.

Fortune

The CEO of corporate credit card unicorn Ramp says the company's counterintuitive secret to success is helping customers spend less

"What if actually we wanted the same things as our customers, and what if our goal was," Glyman told Fortune, "actually just help them spend less?"

Fortune

Ramp founder Eric Glyman: How I built a $22.5 billion startup in 2,367 days

“Our whole mission is to help our customers spend less,” Glyman told Fortune. That goal has made the company one of the hottest startups on the market.

Fortune

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Why Ramp founder Eric Glyman tracks the age of his startup—to the day

Two thousand three hundred and sixty-seven days. Exactly.

Fortune

Elon Musk escalates feud with Sam Altman by reviving baseless conspiracy theory that OpenAI researcher was murdered

Much of the conspiracy theorizing over Suchir Balaji’s death has to do with the refusal of his parents to accept the official findings and insistence that he was murdered.

Fortune

Corporate CFOs are warming up to blockchain

Interest in stablecoins is becoming increasingly common.

Fortune

Court filings describe DOGE-driven, scream-filled, 36-hour mass layoff scramble at consumer protection agency

As the Trump administration seeks to gut the Consumer Financial Protection Bureau, employees are fighting back.

Fortune

In a win for Silicon Valley, Senate votes to overturn key payments regulation that could benefit Elon Musk’s X

The rule was enacted under the Biden administration’s Consumer Financial Protection Bureau last November.

Fortune

Inside the first Crypto Ball: Snoop, the Treasury Secretary—and a $70 billion memecoin surprise from Trump

The crypto industry gathered ahead of the presidential inauguration to celebrate its staggering victory in the 2024 elections.

Fortune

Tech’s 2024 winners and losers—from Elon Musk to GM’s Cruise

Elon Musk came out on top of the tech heap in 2024.

Fortune

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Fortune

By 2030, the metaverse gaming market will reach $168.4 billion, estimates startup Gamefam

Gamefam, whose backers include Bessemer Venture Partners and Play Ventures, released its annual report, “State of Brands on Roblox and Fortnite.”

Fortune

Founder of travel tech startup Nuitée raised $48 million for its next phase: 'That’s when we start pissing people off'

Nuitée has raised a $48 million Series A, led by Accel, Fortune can exclusively report.

Fortune

Exclusive: Prima, Mexico-based manufacturing and supply chain integrator, reveals it has raised $42.5 million

Prima raised $23 million in new Series A backing earlier this year, a few months before Donald Trump’s election victory.

Fortune

Exclusive: Arcade, visual storytelling platform, raises $14 million Series A led by Kleiner Perkins

Arcade raised a $14 million Series A, led by Kleiner Perkins, Fortune can exclusively report.

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news in one place.

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Fortune

Exclusive: Oishii, vertical farming startup, closes its Series B at $150 million

Vertical farming startup Oishii has closed its Series B at $150 million, Fortune can exclusively report.

Fortune

The false premise of prediction markets

Prediction market Polymarket has become increasingly popular throughout the 2024 U.S. election.

Fortune

Kalshi points to a Trump win. Its 28-year-old CEO says the betting market is more reliable than polling

Meet the man trying to turn electoral betting into a $1 trillion market.

Fortune

An $80 million crypto fund backed by Bill Ackman is winding down after its Forbes 30 under 30 founder went silent in China

The founder of the crypto fund went silent in China for more than a month before re-appearing.

Fortune

Meet the man who sold Donald Trump a burger using Bitcoin

Thomas Pacchia founded PubKey in 2022 and has invited every presidential candidate to stop by. Trump accepted his invite.

Fortune

Mobility tech deal value was up 13.9% quarter over quarter, led by autonomous driving startups, according to PitchBook

Q2 saw some green shoots for mobility tech as a sector, as VCs invested $6.7 billion in mobility tech, marking a 13.9% quarter-over-quarter increase in deal value, according to PitchBook.

Fortune

One of the largest blockchain fund of funds has raised over $135 million across two new vehicles

Accolade has invested in top crypto venture firms from a16z to Haun.

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