Trading platform eToro raised $250 million in an advanced investment agreement, topping the company’s valuation at $3.5 billion. ION Group, Social Leverage, SoftBank, and other major industry players invested in eToro in the recent deal. 

Enterprise blockchain adoption will be sped up thanks to a new partnership between Chainlink Labs and PwC Germany. Chainlink Labs will offer services to traditional businesses who are already working with PwC but have not yet adopted blockchain technology.

Florida Governor Ron DeSantis called for a ban on central bank digital currencies (CBDCs). He pointed out some negative effects, including higher surveillance over citizens or a cap on CBDC holdings.

Microsoft has just launched a new AI tool called Copilot. It will be a similar tool to ChatGPT, which users can use for Word, Excel, PowerPoint, Outlook, etc.

Edwin Garrison has spearheaded a class action lawsuit against influencers promoting FTX on YouTube and other platforms. He seeks $1 billion in damages since they made money from promoting the FTX crypto scam without disclosure.

Meta has just announced a second round of layoffs. It was 11,000 employees four months ago. This time, Meta is firing 10,000 people.

The Interior Minister of Montenegro claims Do Kwon has been arrested in Podgorica, the capital of Montenegro. The identity verification should be confirmed soon.

The Bank of England lifted the UK’s interest rates by 25 bps, the eleventh rate hike in a row. The interest rates were increased from 4% to 4.25%, reaching 15-year highs, with the aim of bringing inflation down.

Trading platform eToro raised $250 million in an advanced investment agreement, topping the company’s valuation at $3.5 billion. ION Group, Social Leverage, SoftBank, and other major industry players invested in eToro in the recent deal. 

The Swiss National Bank joined the Fed with another rate hike of 50 bps. The interest rates were increased from 1% to 1.5%, the highest since 2008. The central bank suggested more rate hikes could occur this year. 

The SEC filed a new lawsuit against Jake Paul, citing crypto promotions without disclosing the payment he received for the promotion. Justin Sun is being sued for fraud and market manipulation. The SEC alleges unregistered sales of securities (TRX and BitTorrent). Moreover, Coinbase received a Wells Notice focused on staking and asset listing.

EUR/USD rose above 1.0900 after the Fed raised interest rates, the highest since early February. Another Fed’s rate hike of 25bps was delivered, but the US dollar weakened all around the place.