Cross River Bank, a licensed bank in the United States, has completed a $50 million funding round, with the capital sourced from a fund under T. Rowe Price. The raised funds will be used to further expand its artificial intelligence and cryptocurrency business. Following this funding round, Cross River Bank's valuation is slightly above $3 billion. According to insiders, the specific valuation has not been disclosed. This round of financing involved existing investors and did not introduce new shareholders. Cross River Bank is primarily focused on serving fintech companies.
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.
Cross River Bank Secures $50 Million Funding to Enhance AI and Cryptocurrency Operations
-
Wechat scan to share
Recommended for you
-
BTC Surpasses $75,000
Market data shows that BTC has surpassed $75,000, currently priced at $75,005.25, with a 24-hour increase of 1.23%. The market is experiencing significant volatility, so please ensure proper risk management. -
IDF Sets Three Basic Conditions for Ceasefire Agreement with Lebanon
On April 16, local time, Israeli sources reported that the Israel Defense Forces (IDF) have established three basic conditions for a ceasefire agreement with Lebanon: the IDF demands the establishment of a buffer zone extending to the Litani River, prohibiting Hezbollah's activities in that area; the IDF requires complete military operational freedom in the area north of the Litani River to eliminate threats faced by Israel; and the IDF requests the disarmament of Hezbollah under U.S. supervision through long-term measures. -
S&P 500 Index Hits Historic High Since Outbreak of Iran War
On April 16, the S&P 500 index reached a historic high during Wednesday's trading session, marking the first new high since the outbreak of the Iran war. The market's optimism regarding a de-escalation of the conflict and strong earnings expectations have attracted investors back to risk assets. Achieving a new high amid ongoing geopolitical crises signifies a shift in market risk pricing, with traders seemingly more willing to factor in lower escalation risks in the short term. When the conflict erupted last month, the stock market experienced a significant drop, and the oil market faced historic shocks, reigniting concerns over inflation and the outlook for U.S. interest rates. Since the conflict began on February 28, the S&P 500 index had fallen by as much as 9%, but did not meet the criteria for a confirmed 'technical adjustment,' while the Nasdaq and Dow Jones indices confirmed they had entered correction territory. The market is also supported by positive corporate earnings outlooks. Executives from major banks indicated that despite the impact of rising oil prices, American consumers remain resilient, and there is a healthy pipeline of merger and IPO projects. -
US-Iran Negotiations Make Progress Towards Framework Agreement to End War
On April 15, according to a report by AXIOS, two U.S. officials stated that U.S. and Iranian negotiators made progress during talks on Tuesday, moving towards a framework agreement to end the war. One U.S. official mentioned that the Trump negotiation team (including Vice President Pence, Middle East envoy Hook, and senior advisor Kushner) continues to communicate with Iran and mediators, exchanging drafts and is 'close to the goal.' A third official noted, 'We want to reach an agreement, and some in Iran also want it; the key is to get the entire Iranian government to agree.' Sources indicated that if a framework agreement is reached, a ceasefire extension would be necessary to negotiate the details. 'The details are complex and cannot be completed in two days,' one official said. Another official stated that the U.S. has not yet formally agreed to extend the ceasefire, and both sides are still in ongoing contact. -
Hassett: Tariff Contingency Plans Nearly Ready
Hassett, the Director of the National Economic Council at the White House, stated that the contingency plans for tariffs are nearly ready. -
Pakistani Delegation Arrives in Iran to Discuss Second Round of US-Iran Talks
On April 15, it was reported from Iran that a knowledgeable source revealed that General Asim Munir, the Chief of Army Staff of Pakistan, led a high-level political and security delegation to Tehran on the same day. This senior delegation brought the latest information from the United States to Iran and plans to meet with Iranian officials to discuss matters related to the upcoming second round of US-Iran talks to be held in Islamabad. (CCTV) -
AI Startup Hilbert Secures $28 Million in Series A Funding
On April 15, according to AXIOS, the artificial intelligence startup Hilbert has completed a $28 million Series A funding round led by Andreessen Horowitz. This startup aims to assist businesses in automating growth-driven business decisions, thereby transforming the current situation where companies heavily invest in AI but may not see returns. -
Iran's Foreign Ministry: Room for Dialogue on Uranium Enrichment Levels and Types
On April 15, during a press conference, Iranian Foreign Ministry spokesman Baghaei stated that Iran's legitimate rights under international law are non-negotiable. The right to peacefully utilize nuclear energy is not granted by anyone and cannot be stripped away under pressure or wartime conditions. This right stems from Iran's status as a member of the Treaty on the Non-Proliferation of Nuclear Weapons (NPT), and as long as Iran remains a member of this treaty, it should be able to benefit from it. Baghaei mentioned that there is room for dialogue regarding the levels and types of uranium enrichment activities. However, he emphasized that Iran must be able to continue its uranium enrichment activities according to its own needs. (CCTV News) -
U.S. Treasury Secretary Basant: The Federal Reserve Will Ultimately Lower Interest Rates Further
On April 15, U.S. Treasury Secretary Basant stated: I understand that the Federal Reserve needs to wait for the right moment to lower interest rates; ultimately, the Federal Reserve will further reduce rates. I am confident that fertilizer prices will decline. Core inflation is on a downward trend. -
Iran Claims It Has Never Had a Nuclear Program Beyond Peaceful Purposes
On April 15, during a press conference, Iranian Foreign Ministry spokesman Baghaei stated that Iran's position on nuclear weapons is clear. He criticized U.S. officials for pretending not to understand Iran's stance, calling it a sign of insincerity. Baghaei also asserted that Iran has never had a nuclear program other than for peaceful purposes. In response to recent comments by U.S. Vice President Vance regarding making Iran 'economically prosperous,' Baghaei stated that Iran's economy will achieve prosperity, saying, 'We know how to rely on ourselves for development. Those who just days ago claimed they would send Iran 'back to the Stone Age' and threatened to destroy our infrastructure have caused significant damage to Iran's scientific, knowledge, and industrial foundations in just 40 days; they are in no position to make such judgments.' (CCTV News)
Daily Must-Read
-
From “Reading Signals” to “Owning a Financial Brain”: How the PINAgent-AI Upgrade Is Reshaping the Way Retail Users Make Money
-
US CPI comes in lower than expected, but April rate cut still unlikely
-
Hong Kong grants first stablecoin licences to Anchorpoint and HSBC
-
Holmez accepts Bitcoin for toll payment, how much can Iran earn?
-
Payment Physics — PayStill Captures the “Lost Surplus Value”
-
Anchoring the Origin of Capital — How PayStill Builds a “Nasdaq-Grade” Foundation on the Web3 Frontier
All Comments