On June 13, according to WSJ, crypto data provider Blockworks announced the acquisition of Messari. Blockworks is reportedly paying over $10 million, while Messari was valued at approximately $300 million in 2022, indicating a significant discount in this transaction. This deal highlights the pressure faced by overvalued startups amid the crypto bear market, as many companies have seen their valuations drastically shrink.
Welcome Back
Click “Sign in” to agree to Cointime’s Terms of Service and acknowledge that Cointime’s Privacy Policy applies to you.
Join CoinTime
Already have an account?
Click “page.Sign up” to agree to Cointime’s <a class="underline" href="#term-of-service">Terms of Service</a> and acknowledge that Cointime’s a class="underline" href="#privacy-policy">Privacy Policy</a> applies to you.
Sign in with email
Sign up with email
Your email
Check your inbox
Click the link we sent to to sign in.
Click the link we sent to to sign up.
Blockworks Acquires Messari for $10 Million, Down from $300 Million Valuation in 2022
-
Wechat scan to share
Recommended for you
-
BTC Falls Below $66,000
Market data shows that BTC has fallen below $66,000, currently priced at $65,977.25, with a 24-hour decline of 1.34%. The market is experiencing significant volatility, so please ensure proper risk management. -
ETH Falls Below $1800
Market data shows that ETH has fallen below $1800, currently priced at $1799.84, with a 24-hour decline of 1%. The market is experiencing significant volatility, so please ensure proper risk management. -
CLARITY Act Proposes $150 Million Funding to Combat Digital Asset Crimes
On June 16, U.S. Senator Cynthia Lummis posted on the X platform, stating that the CLARITY Act will allocate $150 million to support law enforcement in tracking down fraudsters and other criminals in the digital asset space, enhancing efforts to combat cryptocurrency-related criminal activities. -
Trump: Strait of Hormuz Will Fully Resume Navigation by Friday
Trump: The Strait of Hormuz will fully resume navigation by Friday. -
SK Hynix Responds to Rumors of 100 Trillion Won Shareholder Return Plan
On June 16, SK Hynix addressed market rumors regarding a proposed 100 trillion won shareholder return policy, stating that the reported figure is inaccurate. The company indicated that it is exploring various options to enhance shareholder value, but has never discussed the specific scale of shareholder returns mentioned in the reports. -
Xiaohongshu's Valuation Reached $50 Billion in Private Secondary Market Trading
On June 16, media reports cited informed sources revealing that Xiaohongshu's valuation in private secondary market trading once reached as high as $50 billion. -
DeepSeek's First Round of Financing May Be Finalized with Liang Wenfeng Investing Approximately 20 Billion Yuan
On June 16, it was reported from multiple investment institutions that DeepSeek's first round of financing may have been finalized. Founder Liang Wenfeng is the largest single investor in this round, contributing approximately 20 billion yuan. Tencent has invested about 10 billion yuan; the CATL system has contributed around 5 billion yuan, including investments from CATL and Puquan Capital; NetEase, JD.com, Monolith Lisi Capital, and IDG Capital have each invested about 3 billion yuan; Zhengxin Valley Investment and Shixiang Technology have each contributed approximately 1.5 billion yuan. (Ke Chuang Ban Daily) -
HYPE Surges Over 13% Today, Breaking Previous High at $75.8
On June 15, market data showed that HYPE surged over 13% today, breaking the previous high of $75.6, currently priced at $75.8. -
European Parliament Votes to Approve EU-US Trade Agreement Legislation
On June 16, the European Parliament held a final vote in Strasbourg, France, approving legislation related to the EU-US trade agreement. Following the procedure, the legislative text will be submitted to the EU Council for approval. On May 20, representatives from the European Parliament and the EU Council reached an agreement on the legislative proposal concerning the EU-US trade agreement, agreeing to implement tariff concessions on products imported from the US while strengthening related safeguards to protect the interests of the EU and its member states. Previously, US President Trump threatened to significantly increase tariffs on EU products imported into the US if the EU did not fulfill the agreement by July 4. -
Robinhood Announces 10% Layoff, Anticipates Approximately $28 Million in Restructuring Costs
On June 16, Robinhood (HOOD) announced on Tuesday that it will lay off about 10% of its full-time employees and simultaneously close the recruitment process for a small number of existing vacancies. The company expects the layoffs to incur approximately $20 million in employee severance and benefits costs, along with about $8 million in equity compensation expenses, totaling around $28 million in restructuring costs, which will be recognized in the second quarter of 2026. Following the announcement, Robinhood's pre-market stock price rose by 1.3%.
Daily Must-Read
-
SuperStrike: As AI Takes Over Financial Decision-Making, A New Era of Wealth Creation Begins
-
The largest IPO in history! Panoramic analysis of SpaceX's IPO: trillion dollar valuation, track change, and Musk's trillion dollar net worth
-
The 90 trillion yuan track is officially legalized: the United States opens up perpetual contracts on the blockchain, and encrypted finance completely rewrites the global trading landscape
-
PayStill Enters the Pure PAYS Era: A Value Aggregator Embarking on a New Growth Cycle
-
Bitwise deep review: Cryptocurrency market faces three major structural changes, reverse layout window opens as bear market ends
-
Goldman Sachs makes a heavy judgment: AI supply chain boom spillover, MLCC opens a new cycle of ultra long quantity price until 2030
All Comments