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Down bad

TechCrunch LA

This week, we saw the interconnectedness of major institutions as crypto lending protocol Celsius stuttered and brought down Ethereum prices with it as investors feared a price collapse brought on by reportedly over-leveraged players like 3 Arrows Capital. follow the money. Three Arrows Capital, Pantera Capital and Dragonfly Capital.

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Fintech giant Klarna raises $639M at a $45.6B valuation amid ‘massive momentum’ in the US

TechCrunch LA

Overall, Klarna is live in 20 markets, has more than 90 million global active users and more than 2 million transactions a day conducted on its platform. To put that into context; Affirm’s financial report in May projected it would process $8.04 To put that into context; Affirm’s financial report in May projected it would process $8.04

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How long can Zuckerberg afford to bankroll the AR/VR market?

TechCrunch LA

The Facebook parent-company saw its stock price get bludgeoned after a bad earnings report showcased that Apple’s ad-blocking changes are shaving billions off its books and the company’s crown jewel — the Facebook platform — has stopped growing and actually shrank this quarter.

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Canoo takes the covers off of its debut electric vehicle

TechCrunch LA

The first cars are slated to appear on the road by 2021, according to the company’s current leader, Ulrich Kranz. The skateboard platform can also support dual, front, or rear motor configurations the company said. . And even with the low price, Kranz expects to make a mint with his new company.