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German Green Party official Droege: It is recommended that Green Party members not vote in favor of the bill to (increase) spending.On March 10, ECB board member Kazimir said that in the face of persistent inflation risks, the ECB needs to keep an open mind on its next move. Kazimir said, "In the coming weeks, we must carefully evaluate all the upcoming data and supplement what we have learned with prudent judgment." He also said that this flexibility means "keeping all options, whether we decide to cut interest rates again or pause them." Kazimir said in a column, "Although the inflation trend is encouraging, I am still looking for undeniable evidence that the decline in inflation will continue." He said that now is "not the time to make automatic decisions or act hastily."March 10, according to European media reports, about 80% of the EUs military equipment is currently purchased from non-EU suppliers, especially from American companies, and this proportion has caused concern in the EU. European Commission President Ursula von der Leyen said on the 9th that if 80% of the 800 billion euros of funds for the "Re-Armament Europe" plan flow outside the EU, it will be detrimental to the EU. Von der Leyen said that the EU needs to gradually increase "buying European products", and the UK and Norway are possible supply options for this plan. Von der Leyen also said that the EU must think about how to achieve this goal, and it is very important to keep research and development work and good jobs in Europe.On March 10, the Stockholm International Peace Research Institute released a report showing that in the past five years, the United States has exported weapons to more than 100 countries and regions and is the largest arms supplier to Ukraine. Ukraine has become the worlds largest arms importer, with imports increasing nearly 100 times from 2015 to 2019, of which 45% came from the United States.On March 10, Quilter Investors latest investor trend survey showed that the interest rates of the Bank of England and the European Central Bank seem too restrictive. The survey said that about 40% of investors expect the UK interest rate to fall from the current 4.5% to "a range of 3.26% to 3.75%." Quilter also said that as many as 57% of investors expect the ECBs interest rate to fall from the current 2.5% to 1.51%-2.0% by the end of 2026.

Crypto Startup Amber Seeks Funding For $10 Billion Valuation

Cameron Murphy

May 06, 2022 10:20


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The Singapore-based company is considering a fourth round of investment.


Amber Group is also thinking at going public in the US.


Despite the market downturn, venture cash continues to pour into crypto businesses.


Amber Group, a crypto trading platform, is considering a new round of investment that would value the firm at $10 billion.


In February, the Singapore-based startup secured a $200 million financing funded by state investment firm Temasek Holdings. The company was valued at $3 billion at the time.


According to a Bloomberg article citing "people with knowledge of the topic," Amber is reportedly in talks about another round.


Venture capitalists are pouring money into cryptocurrency.


VC companies are still hungry for everything crypto and Web3-related, with billions of dollars flowing into digital asset businesses over the last year.


Amber's CEO, Michael Wu, hinted to a second round ahead of a prospective IPO in the United States later this year. Coinbase Ventures, Sequoia China, Pantera Capital, and Tiger Global Management all contributed to the February funding round.


Amber raised $28 million in a Series A financing in February 2020, according to Crunchbase. In June 2021, the company raised a $100 million Series B financing, which was followed by a $200 million round in February of this year.


According to its website, the business, which was launched in 2018 by five former Morgan Stanley traders, operates in 150 countries, has over $5 billion in assets on the platform, and $1 trillion in traded volume.


Andreessen Horowitz and Sequoia Capital, two of the most well-known venture capital firms in the crypto industry, recently backed Elon Musk's acquisition of Twitter to privatize the microblogging platform. Binance, the world's biggest cryptocurrency exchange, has committed $500 million to the project.

Shocking Market Drop

The decision comes as a larger crypto market sell-off intensifies, culminating in one of the year's greatest daily drops.


Over the last 24 hours, total market capitalization has dropped 7.4 percent, wiping away $145 billion from the industry. With a total market valuation of $1.76 trillion, crypto markets are at their lowest point since late February.


As expected, Bitcoin (BTC) led the decline, falling 8.4% on the day to $36,359 at the time of writing. With a drop of 7.1 percent to $2,735, Ethereum (ETH) was not far behind, and many of the other cryptocurrencies were considerably worse.


The daily price action, on the other hand, does not seem to have tempered the excitement of those venture capital behemoths.

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