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The Latest Breaking News from Leo Schwartz

By 2030, the metaverse gaming market will reach $168.4 billion, estimates startup Gamefam

Gamefam, whose backers include Bessemer Venture Partners and Play Ventures, released its annual report, “State of Brands on Roblox and Fortnite.”

Fortune

Founder of travel tech startup Nuitée raised $48 million for its next phase: 'That’s when we start pissing people off'

Nuitée has raised a $48 million Series A, led by Accel, Fortune can exclusively report.

Fortune

Exclusive: Prima, Mexico-based manufacturing and supply chain integrator, reveals it has raised $42.5 million

Prima raised $23 million in new Series A backing earlier this year, a few months before Donald Trump’s election victory.

Fortune

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Exclusive: Arcade, visual storytelling platform, raises $14 million Series A led by Kleiner Perkins

Arcade raised a $14 million Series A, led by Kleiner Perkins, Fortune can exclusively report.

Fortune

Exclusive: Oishii, vertical farming startup, closes its Series B at $150 million

Vertical farming startup Oishii has closed its Series B at $150 million, Fortune can exclusively report.

Fortune

The false premise of prediction markets

Prediction market Polymarket has become increasingly popular throughout the 2024 U.S. election.

Fortune

Kalshi points to a Trump win. Its 28-year-old CEO says the betting market is more reliable than polling

Meet the man trying to turn electoral betting into a $1 trillion market.

Fortune

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An $80 million crypto fund backed by Bill Ackman is winding down after its Forbes 30 under 30 founder went silent in China

The founder of the crypto fund went silent in China for more than a month before re-appearing.

Fortune

Meet the man who sold Donald Trump a burger using Bitcoin

Thomas Pacchia founded PubKey in 2022 and has invited every presidential candidate to stop by. Trump accepted his invite.

Fortune

Mobility tech deal value was up 13.9% quarter over quarter, led by autonomous driving startups, according to PitchBook

Q2 saw some green shoots for mobility tech as a sector, as VCs invested $6.7 billion in mobility tech, marking a 13.9% quarter-over-quarter increase in deal value, according to PitchBook.

Fortune

One of the largest blockchain fund of funds has raised over $135 million across two new vehicles

Accolade has invested in top crypto venture firms from a16z to Haun.

Fortune

Mike Lynch leaves a complex, still-unfolding legacy

When Mike Lynch, described at one time as Britain’s Bill Gates, passed away last week, it was a shocking turn of events that would have sounded like a plot twist in an HBO show if it hadn’t been starkly real.

Fortune

Gary Gensler As Treasury Secretary? Crypto Community United In Pushback Against Idea

The crypto community has been divided by Polymarket results, and crypto users have been divided by digital coin rivalries, but this time, they are united against the idea of SEC Chair Gary Gensler taking the reins of the Treasury Department should VP Kamala Harris win in November.

International Business Times

AI and Web3 led May’s new unicorn pack

Six new unicorns were minted in May and, yep, two of them were AI companies, Crunchbase data released earlier this week showed. While newly-minted AI unicorns is a predictable enough phenomenon these days, I was caught more off guard by this: Two of May’s new unicorns are in Web3.

Fortune

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Fortune

How a young crypto VC fell from grace

Yida Gao raised $200 million for his venture fund Shima but has since lost the trust of his backers.

Fortune

A crypto wunderkind’s $200 million fund had the backing of investors like Bill Ackman and Galaxy. Then everything went south

An investigation into Shima Capital and its founder, Yida Gao.

Fortune

Why crypto VCs are fretting about distributions: ‘Let them see the green’

With token prices soaring and the sector still in rehabilitation mode, investors want to see some returns.

Fortune

With the fake Bitcoin ETF approval, Gary Gensler created his own worst nightmare

The reluctant SEC chair turned an esoteric financial vehicle into a three-ring circus.

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Fortune

Coinbase is playing a ‘dangerous game’ against the SEC with its stablecoin USDC

By offering a yield to investors, the leading crypto exchange could be putting its prized stablecoin at risk.

Fortune

The crypto use case of 2023: Law enforcement

Respondents to a TRM Labs survey estimated that 40% of offenses investigated by their agencies involved crypto.

Fortune

The House version of the Warren-Marshall anti-money laundering crypto bill has hit a McHenry-sized obstacle

Rep. Sean Casten is struggling to find a co-lead for his version of the Warren-Marshall bill.

Fortune

So why isn’t a Pokemon card a security?

Figures from SEC Commissioner Hester Peirce to Rep. Ritchie Torres have weighed in on the pressing crypto question, without clarity from regulators.

Fortune

Inside Gary Gensler’s efforts to remake the SEC

How a former Goldman Sachs banker became the most divisive SEC chair in decades.

Fortune

Binance avoided a death sentence—but the slow bleed is yet to come

The long-awaited settlement with the crypto exchange avoided FTX territory.

Fortune

Flaw in early Bitcoin wallets shows how much crypto depends on secure code

A new vulnerability in certain old Bitcoin wallets means it's open season for hackers.

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