Ripple co-founder Chris Larsen reportedly invested in derivatives trading platform APEC
ChainCatcher reports that Ripple co-founder and Executive Chairman Chris Larsen was revealed to be involved in investing in the derivatives trading platform American Perpetuals Exchange Corp. (APEC), founded by Theodore Gillibrand, son of New York State Senator Kirsten Gillibrand. The platform has raised 30 million USD, with most investors contributing between 5,000 and 10,000 USD. Chris Larsen's investment amount is unknown. Previously, Kirsten Gillibrand had publicly stated that "members of Congress and government officials should not be allowed to profit from the industry due to their insider status," but her spokesperson responded that Gillibrand has "no involvement whatsoever" in her son's business.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
BoE’s Greene says it is appropriate to proactively tighten our monetary policy stance
CoreWeave plans to issue at least $4 billion in investment-grade loans, falling nearly 6% after hours
According to Bloomberg, CoreWeave is seeking to refinance at least 4 billion USD through an investment-grade loan, led by Morgan Stanley and Mitsubishi UFJ, with a syndication roadshow expected to start as soon as next week. This financing continues the structure of using Nvidia chips and customer contracts as collateral, with the yield on the issuance anticipated to be around 7% to 7.5%, much lower than its junk bond yield. Following the news, CoreWeave's shares fell nearly 5.8% after hours.
Outperformed the S&P by 19.2 percentage points in one month: Berkshire (BRK.B) achieves its highest monthly relative advantage since 2010, second only to the 2008 financial crisis
As the AI trading boom subsides and technology stocks waver, one of the market’s oldest “safe havens” has once again proven its value. Berkshire Hathaway (BRK.B) has just recorded one of its most notable relative gains in over a decade.
Crypto prices
More
