Yueqi Yang

One promise of the blockchain is that it could simplify the behind-the-scenes work of stock trades on Wall Street. That vision is due for its first real-world test in the coming days, when market infrastructure giant the Depository Trust and Clearing Corp. plans to demonstrate live stock trades ...

Stripe is coming off a banner year thanks to booming growth in the AI sector, where the company processes payments for big AI labs and small developers alike. The payment giant’s revenue jumped by a third to $6.8 billion last year, according to a person familiar with its financial figures, ...

Jump Capital, the venture capital firm backed by the founders of quant-trading firm Jump Trading, has raised a new fund of $350 million, Jump Capital co-founder and partner Sach Chitnis told me. The Chicago-based firm will use the new money to expand its investments in AI startups.The fund is ...

Coinbase reported second-quarter revenue fell 19% to $1.2 billion from a year ago, the third consecutive quarterly decline. It will renew its revenue-sharing agreement with Circle on the same terms next month, said Coinbase CEO Brian Armstrong.Coinbase is the biggest distributor of Circle’s USDC stablecoins, but it recently also joined Open Standard, a consortium backed by Stripe, Visa,

Brokerage app Robinhood has quickly become a force in prediction markets, challenging the hold of Kalshi and Polymarket on the popular betting market. Robinhood’s prediction markets revenue surged more than tenfold year over year in the second quarter to $156 million, the company reported last ...

Polymarket is in early talks to raise about $1 billion at more than $20 billion valuation, Bloomberg reported , citing unnamed people familiar with the matter.The prediction market has also completed its earlier fundraising round of about $1 billion at a $15 billion valuation in April, with D.E. Shaw and G Squared as new investors. Intercontinental Exchange, the parent of the New York

World Cup wagers helped double Kalshi’s revenue to a more than $4 billion annualized rate in July, from a pace of over $2 billion two months earlier, a person familiar with the matter said. That growth is set to drive another jump in the prediction market’s valuation. Kalshi is in advanced talks ...

The Senate’s postponement of a vote on the crypto regulatory law, the Clarity Act, ensures that the legislation is all but dead for the moment. But it didn’t cover some of the fastest-growing parts of the crypto market. And firms in those sectors have been hard at work lobbying regulators to ...

Kalshi, the biggest prediction market, is in advanced talks to raise at least $750 million in a new financing round at a $40 billion valuation, according to people familiar with the matter.Sequoia Capital and Wellington Management are in talks to be co-lead investors, some of the people said. The funding size is not finalized and is subject to change, the people said.Sequoia is an