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Veteran trader Peter Brandt foresees a Bitcoin-dominated future, but his message to Gen Z is a wake-up call. He advises Gen Z not to rely solely on crypto and trading to fix the financial mistakes of previous generations. In a stark warning, Peter Brandt urges Gen Z to look beyond the get-rich-quick notion of crypto,
The post Peter Brandt Sees Bright Bitcoin Future, But With a Warning appeared first on CoinGape.
The post FTX Sold Cursor Stake for $200K – Now It’s Worth $500 Million appeared first on Coinpedia Fintech News
Crypto never sleeps, and neither do its billion-dollar blunders.
According to FT, AI code editor Cursor just closed a jaw-dropping $900 million funding round at a $9 billion valuation.
Just in: AI coding platform Cursor has raised $900 million in funding, reaching a $9 billion valuation.
In 2022, #Alameda invested $200,000 in Cursor’s seed round, but #FTX liquidators later sold the stake for the same amount.
— Coinpedia (@CoinpediaNews) May 6, 2025
But while top VCs like Thrive Capital, a16z, and Accel are celebrating, there’s one name glaringly missing from the winners’ circle: FTX. Here’s why.
Back in 2022, Alameda Research – FTX’s sister trading firm – quietly invested $200,000 into Cursor’s seed round. Fast forward to today, and that stake could be worth an estimated $500 million.
Unfortunately for FTX creditors, the platform’s liquidators sold it off for the exact amount it was purchased at: $200,000. No markup.Just a clean exit… from half a billion dollars in potential recovery. Ouch, right?
Cursor, built by Anysphere Inc., is trying to redefine how developers write code. With a sleek split-screen interface and AI-powered chatbot, Cursor allows users to automate complex coding tasks using simple natural language prompts. It analyzes, breaks down tasks, fetches context from documentation, and applies real-time changes.
Its engine runs on models from OpenAI and Google, along with its own internal model, Cursor-Fast. And with over $200 million in annual recurring revenue, the momentum is great.
This funding round wasn’t too hush-hush. Thrive Capital led the $900M investment, the same firm that backed OpenAI’s $6.6B round last year.
The buzz? OpenAI reportedly tried – and failed – to acquire Anysphere earlier this year. They’re now eyeing Windsurf (Exafunction Inc.) for up to $3 billion instead.
If we’re being real…
This seems like a major loss for FTX. Is there more than meets the eye? Guess we’ll know with time.
Stay ahead with breaking news, expert analysis, and real-time updates on the latest trends in Bitcoin, altcoins, DeFi, NFTs, and more.
The post FTX Sold Cursor Stake for $200K – Now It’s Worth $500 Million appeared first on Coinpedia Fintech News
Crypto never sleeps, and neither do its billion-dollar blunders. According to FT, AI code editor Cursor just closed a jaw-dropping $900 million funding round at a $9 billion valuation. 🚨Just in: AI coding platform Cursor has raised $900 million in funding, reaching a $9 billion valuation. 🔹In 2022, #Alameda invested $200,000 in Cursor’s seed round, …
The post Coinbase To Acquire Deribit Exchange for $2.9B: Here is What it Means for Crypto Market appeared first on Coinpedia Fintech News
Coinbase Global, Inc. (NASDAQ: COIN), a veteran cryptocurrency exchange based in the United States, announced that it has agreed to acquire Deribit, a top-tier derivatives exchange. According to the announcement, Coinbase is acquiring Deribit for $2.9 billion, which will include $700 million in cash and 11 million in shares.
Meanwhile, Coinbase announced that the deal is subject to regulatory approval and other customary closing conditions. As a result, Coinbase expects the deal to be closed by the end of this year.
“As the leading crypto options platform, we’ve built a strong, profitable business, and this acquisition will accelerate the foundation we laid while providing traders with even more opportunities across spot, futures, perpetuals, and options – all under one trusted brand. Together with Coinbase, we’re set to shape the future of the global crypto derivatives market,” Luuk Strijers, CEO at Deribit, noted.
Once finalized, Coinbase will become a major player in crypto derivatives in regards to open interest (OI) and options volume. Furthermore, Deribit currently has more than $30 billion in OI and recorded over $1 trillion in trading volume in 2024.
With Coinbase available in more than 100 jurisdictions globally, more crypto traders can now seamlessly access the derivatives market in a regulated manner. Most importantly, more institutional investors from around the world can access the Bitcoin and altcoins OI market through their respective Coinbase accounts.
Consequently, Coinbase will significantly diversify its revenue streams amid heightened competition from other crypto exchanges including Binance and Bybit. Following the announcement, Coinbase shares COIN surged 6 percent on the day to trade about $208 on Thursday, May 8 during the mid North American trading session.
The post Coinbase To Acquire Deribit Exchange for $2.9B: Here is What it Means for Crypto Market appeared first on Coinpedia Fintech News
The deal will be closed with $700 million in cash and 11 million in shares of Coinbase Class A common stock. The acquisition is subject to regulatory approval and is expected to close by the end of this year. Coinbase Global, Inc. (NASDAQ: COIN), a veteran cryptocurrency exchange based in the United States, announced that …
Bithumb, South Korea’s second-largest cryptocurrency exchange, announced the listing of two new altcoins today.
The new supported tokens include Lista DAO (LISTA) and Merlin Chain (MERL). The listing announcement triggered double-digit price increases for both crypto assets, pushing them to 6-month highs.
According to Bithumb’s official announcement, the tokens will be available for trading against the Korean Won (KRW). Deposits and withdrawals will be available within 3 hours of the announcement.
“In compliance with the Travel Rule, deposits and withdrawals are only supported through virtual asset service providers that are supported by Bithumb,” the announcement read.
The exchange added that LISTA trading is scheduled to begin at 4:00 PM Korean Standard Time (KST) on July 24. The reference price will be 354 KRW.
After this, Bithumb will launch MERL trading at 6:00 PM KST. The reference price for the altcoin is 161 KRW.
Following the news, the prices reacted sharply. LISTA, the native token of an open-source lending and liquidity protocol, Lista DAO, surged 33.97%. The price reached $0.36, marking LISTA’s highest level since January 2025.
Similarly, MERL, the native token of Merlin Chain, a Bitcoin layer-2 network, experienced a 20.53% increase to $0.168, a level last seen in late January.
These price movements highlight the significant influence of South Korean exchanges on altcoin markets. Upbit and Bithumb have previously propelled tokens like Hyperlane (HYPER), Babylon (BABY), Huma Finance (HUMA), and more to significant gains through strategic listings.
Notably, the exchanges’ strong presence in one of the largest cryptocurrency markets could be a key driver behind their impact. According to Ledger, in South Korea, 27% of the individuals aged 20 to 50 are currently holding digital assets, with 70% expressing an interest in expanding their crypto portfolios this year.
The combined value of digital assets held across the country’s top five exchanges, Upbit, Bithumb, Coinone, Korbit, and GOPAX, has exceeded 100 trillion Won (~$73 billion), reinforcing South Korea’s position as a global frontrunner in blockchain adoption.
This dominance within South Korea has also benefited the exchanges. Bithumb, for example, has seen its trading volume increase threefold over the past month.
CoinGecko data revealed that the volume has risen from around $758 million to $2.7 billion, marking an impressive 256.2% surge.
Similarly, Upbit has experienced a remarkable spike in volume. It has grown from $1.7 billion to $8.3 billion, reflecting a 388.24% increase, highlighting growing dominance.
The post Bithumb Listings Propel Two Altcoins to 6 Month Highs appeared first on BeInCrypto.