Quasa
Use QUASA App
Join the pioneer of Web3 crypto freelancing today!
Open

Finance

Slow Ventures’ $60M Creator Fund Attracts Over 700 Applications, Makes First $2M Investment in Woodworking YouTuber Jonathan Katz-Moses

Slow Ventures’ $60M Creator Fund Attracts Over 700 Applications, Makes First $2M Investment in Woodworking YouTuber Jonathan Katz-Moses

Slow Ventures’ recently launched $60 million Creator Fund (https://creatorfund.co/) has garnered significant attention, receiving over 700 applications from creators eager to secure investment for their entrepreneurial ventures. The fund, designed to back niche content creators who are building sustainable businesses rather than chasing influencer fame, has made its first investment: a $2 million infusion into Jonathan Katz-Moses, a woodworking YouTuber and founder of KM Tools (https://www.youtube.com/@katzmosestools/featured).

|Finance| 2287
Perplexity Makes Bold $34.5 Billion Offer to Acquire Google Chrome

Perplexity Makes Bold $34.5 Billion Offer to Acquire Google Chrome

In a stunning move that could reshape the tech landscape, AI search startup Perplexity has formally offered to buy Google’s Chrome browser for $34.5 billion, according to sources cited by Bloomberg News. The audacious bid comes as Perplexity, recently valued at $18 billion after raising $100 million in funding, asserts that the acquisition would be fully financed by major investment funds. The company has emphasized that it intends to maintain continuity for Chrome’s users and advertisers, promising “no hidden changes” to the browser’s operations. Additionally, Perplexity has committed to investing $3 billion over two years into Chrome and its open-source counterpart, Chromium, to bolster development and innovation.

|Finance| 1257
Global Millionaire Migration Hits Unprecedented Levels in 2025

Global Millionaire Migration Hits Unprecedented Levels in 2025

The global migration of millionaires has reached an all-time high, with an estimated 142,000 wealthy individuals relocating to new countries in 2025—a 16% increase from the previous year. This surge underscores a dramatic shift in the movement of private wealth, reshaping economic landscapes worldwide. Among the standout destinations, the United Arab Emirates (UAE) has emerged as a leading magnet, attracting 9,800 millionaires. This influx signals the country’s rise as a global financial hub, bolstered by the arrival of new residents bringing a collective $63 billion in investment capital.

|Finance| 1864
The Ether Machine Surpasses Ethereum Foundation with 15,000 ETH Purchase

The Ether Machine Surpasses Ethereum Foundation with 15,000 ETH Purchase

In a bold move that’s shaking up the crypto world, The Ether Machine has acquired nearly 15,000 ETH at an average price of $3,809.97 per token, totaling $56.9 million. With this latest purchase, the company’s ETH holdings have soared to 334,757 tokens, catapulting it past the Ethereum Foundation—the organization behind Ethereum’s development—in terms of reserves. The Ether Machine still holds a hefty $407 million in cash, signaling potential for further acquisitions and solidifying its aggressive accumulation strategy.

|Finance| 1324
China’s Economic Might vs. Its Stock Market: A Tale of Disparity and Opportunity

China’s Economic Might vs. Its Stock Market: A Tale of Disparity and Opportunity

China’s economy is a global titan, accounting for roughly 19% of world GDP—nearly a fifth of the global economy. Yet, its stock market tells a strikingly different story, representing just 3% of global market capitalization. For context, countries like India and the UK see their GDP share and stock market capitalization align closely, highlighting a unique disconnect in China’s case. This disparity suggests that China’s stock market is significantly “underweight” relative to its economic scale, presenting a potential long-term opportunity for investors—if certain conditions are met.

|Finance| 1333
DeFi Applications Hit Record $270 Billion TVL, Driven by RWA Growth, Says DappRadar

DeFi Applications Hit Record $270 Billion TVL, Driven by RWA Growth, Says DappRadar

The decentralized finance (DeFi) sector has reached a new milestone, with the total value locked (TVL) in DeFi applications soaring to a record $270 billion, according to a recent DappRadar report. The figure closed the month at $259 billion, reflecting a remarkable month-over-month increase of over 30%.This surge is largely attributed to the real-world asset (RWA) segment, which saw its market capitalization jump by 220%. The number of wallets interacting with this asset class spiked dramatically, rising from approximately 1,600 to nearly 90,000 within a 30-day period, signaling a significant uptake in tokenized asset adoption.

|Finance| 1655
The S&P 500 Inclusion Effect: Why Stocks Are Surging Again

The S&P 500 Inclusion Effect: Why Stocks Are Surging Again

When a company is added to the S&P 500, its stock price often experiences a sharp increase—a phenomenon known as the "S&P 500 inclusion effect." The reason is straightforward: index-tracking funds, managing approximately $13 trillion in assets, are obligated to buy shares of newly included companies to align with the index. Recent examples highlight this trend vividly—Block’s stock jumped 10%, and Datadog’s rose 15% following news of their inclusion.

|Finance| 2680
Warner Bros. Discovery Reports Subscriber Growth, but Films Drive the Revenue

Warner Bros. Discovery Reports Subscriber Growth, but Films Drive the Revenue

Warner Bros. Discovery (WBD) has delivered a mixed yet promising financial update for the second quarter of 2025, ending August 7, 2025. While the company celebrated a notable increase in its streaming subscriber base, the real headline came from its studio division, where blockbuster films propelled revenue to new heights. Total revenue reached $9.8 billion, flat year-over-year, but the studios segment stole the spotlight with a 55% surge to $3.8 billion, largely fueled by the box office successes of Sinners and A Minecraft Movie.

|Finance| 1730
Duolingo Soars to New Heights: Stock Skyrockets 30% After Stellar Q2 Report

Duolingo Soars to New Heights: Stock Skyrockets 30% After Stellar Q2 Report

This week, Duolingo, Inc. (NASDAQ: DUOL) has taken the stock market by storm, with its shares surging over 30% to close at $463.85 on Thursday, August 7, 2025. The catalyst? A blockbuster second-quarter earnings report that exceeded expectations and showcased the language-learning platform’s meteoric rise, fueled by robust user growth, soaring profits, and strategic expansions into new markets and subjects. The company’s iconic green owl mascot, Duo, might just be sharpening its talons to dominate the financial markets.

|Finance| 1745
Shitcoins Begin Migrating from Solana to Base Layer 2 Network

Shitcoins Begin Migrating from Solana to Base Layer 2 Network

A significant shift is underway in the cryptocurrency landscape as shitcoins—low-value, speculative tokens—start migrating from Solana to Base, Coinbase’s Ethereum Layer 2 network. For the first time, Base surpassed Solana in daily token launches on July 27, 2025, with over 54,000 new tokens minted compared to Solana’s 25,000. This dramatic uptick is largely driven by the integration of Farcaster and Zora, platforms that transform every user post into a tradable token with instant liquidity, fueling a surge in token creation.

|Finance| 1499
Hyperliquid Shatters Records with $319 Billion Trading Volume in July

Hyperliquid Shatters Records with $319 Billion Trading Volume in July

Hyperliquid, a decentralized exchange (DEX) built on its own Layer-1 blockchain, has solidified its dominance in the perpetual futures market with a record-breaking $319 billion in trading volume for July 2025. This represents a 47% surge from June’s $216 billion and a 28% increase over the previous high of $248 billion set in May. The platform’s meteoric rise highlights its growing appeal among traders seeking a high-performance, transparent alternative to centralized exchanges.

|Finance| 2272
OpenAI and Anthropic Report Explosive Revenue Growth in 2025

OpenAI and Anthropic Report Explosive Revenue Growth in 2025

The AI race is heating up, and the financials of OpenAI and Anthropic in 2025 tell a story of staggering growth. OpenAI, the creator of ChatGPT, has doubled its Annual Recurring Revenue (ARR) in just six months, soaring from $6 billion to $12 billion. Meanwhile, Anthropic, founded by former OpenAI researchers, has seen its ARR skyrocket fivefold in seven months, climbing from $1 billion to $5 billion. These figures highlight the accelerating demand for AI solutions and the fierce competition shaping the industry.

|Finance| 9335
A Reverse Play: Disney Sells 10% of ESPN to the NFL in a Sly Deal

A Reverse Play: Disney Sells 10% of ESPN to the NFL in a Sly Deal

In a move that caught the industry off guard, Disney pulled off a masterstroke of corporate maneuvering on August 5, 2025, as the National Football League (NFL) agreed to acquire a 10% stake in ESPN. The financial details remain undisclosed, but analysts estimate the stake’s value at $2.5–3 billion, a figure that raises eyebrows given ESPN’s precarious financial state. The deal, far from a straightforward cash transaction, sees the NFL handing over its media assets, including the NFL Network, NFL RedZone, and NFL Fantasy, in exchange for the equity. It’s a Byzantine gambit that leaves Disney, and particularly CEO Bob Iger, looking like the clear victor.

|Finance| 1331