Mana · 226

Dymon received an allocation of approximately $1 billion from the Abu Dhabi Investment Commission to accelerate expansion

According to Bloomberg, Singaporean hedge fund Dymon Asia Capital received about 1 billion US dollars in instalments from the Abu Dhabi Investment Council (ADIC) to expand markets from London to Hong Kong. Dymon's assets under management have grown to around $9 billion as of July, far exceeding previous expectations of $5 billion by the end of 2026, and its multi-strategy fund earned about 7.5% this year. Dymon is focusing on expanding the commodities and London team, introducing Amir Ravan as product leader from Jain Global, Jay Radia from BlueCrest as product chief operating officer, and recruiting former Schonfeld macro trader Manas Baveja in London. ADIC, on the other hand, is systematically increasing its allocation to global hedge funds and plans to raise the relevant exposure to about $15 billion.

4d ago
Buy PayPal for $530 billion? Stripe's wishful thinking abacus doesn't work

Buy PayPal for $530 billion? Stripe's wishful thinking abacus doesn't work

Source: Fintech Blueprint Compiled and organized by BitPushNews payments giant Stripe and private equity firm Advent International, as well as other potential players such as Block, are planning to privatize PayPal. PayPal is currently a $50 billion publicly traded company, which is far from its peak of $360 billion. As a comparison, card giants Mastercard (Mastercard) and Visa both have market capitalization of around $500 billion. Stripe's competitor Adyen's market capitalization fluctuates around $35 billion. Going public can be a tough job. Stripe can enjoy its $160 billion private equity valuation and much less demanding venture capitalists. The idea is that a consortium formed by Stripe and Advent will package a leveraged buyout plan for PayPal's entire open market capitalization, with a small premium — including approximately $17 billion in equity, $36 billion in debt, and other capital, for a total of $53 billion. It's unclear why Stripe isn't directly buying the company in its entirety, but this merger may have monopoly concerns. The entity will operate independently, but will obviously be jointly owned by all parties. This is similar to Tempo's gameplay, which targets retail consumers as an independent but controlled subsidiary of Stripe and takes out one of its smaller competitors (Venmo/Braintree legacy assets). The following numbers... do they mean something? Stripe is second only in size to Visa and Mastercard. If you look at the stock's performance over the past 5 years, you'll also notice that only the card organization has retained value, while the rest of the payment processing stack is in a state of loss. You might be asking why? Because they're in a very different position in the value chain. These networks have full market penetration in a duopoly, so they are used whenever and wherever there is anything new happening in the payments sector. The only exception is cryptocurrencies. So whether it's PayPal, Stripe, or Adyen, it doesn't matter to Visa or Mastercard. They will grow no matter what, so they are immune to competition for market share among their upstream service providers. So downstream, you have Stripe, PayPal, and Adyen, which all have transaction volumes between $1.5 trillion and $2 trillion, but the three have very different rates of change and growth. PayPal is managed by professional managers, and its talented startup gang — Elon Musk (Elon Musk) and Peter Thiel (Peter Thiel) — have apparently left long ago to run the world and launch space rockets. Stripe, on the other hand, still runs on the founder's aura (mana) and outperforms professional managers at all times. Let's take a look at these companies from a high level of fundamentals. From a revenue perspective, PayPal is the larger company—with total revenue of $33 billion, of which net revenue was $150 million. But its transactions are valued at only 1.2 times the total revenue multiple, as it has been struggling to grow and has instead been eaten by various competitors, from Stripe to the impenetrable Google Pay and Apple Pay. Once hyperscale businesses have devoured a feature, good luck in retaining your independent market share. Moreover, all payment processing startups targeting the checkout process are actually stealing PayPal's job. Stripe, on the other hand, continued to grow, and with its $6 billion revenue, its transaction valuation reached a revenue multiple of 27 times, almost 3 times that of its listed counterpart Adyen. This whole thing is a game of price-earnings ratio/valuation multiples, and multiples are a derivative of the cost of capital, which in turn depends on growth expectations. It's unclear if PayPal can do better, but this isn't a particularly good result. Maybe Tether and Circle can create a consortium, buy it for $100 billion, then stuff it with stablecoins and DeFi...

36d agoWendy#DeFi #Paypal #stripe #public #mergers and acquisitions #Stablecoin d

Data: US government empties asset wallets worth $56.54 million Alameda Research, FTX

In comparison, according to Onchain Lens monitoring, the US government emptied another wallet holding the seized assets of Alameda Research and FTX and distributed the assets to 8 new addresses. Transferred assets include 4,110 AXS worth $4,100; 5.37 YFI worth $11,400; 1,230 COMP worth $21,100; 311,600 MANA worth $218 million; 0.533 WBTC worth $34,400; 4050 NMRs worth $39,900; 138.95 million RLC worth $40,700; 209.18 ETH, worth $39.1 million. The original wallet currently holds $0.

38d ago

Bitcoin is hovering below the key resistance level, and analysts are clearly divided in their judgment on the future market

Comparing news, according to a CoinDesk report, Bitcoin is currently trading at around $71,200 and Ethereum at $2,185. The overall market remains volatile. Bloomberg analyst Mike McGlone warned that if Bitcoin fails to recover $75,000, there is a risk of falling $10,000; Fundstrat founder Tom Lee believes the bottom of the market has been established. In terms of derivatives, Bitcoin futures contracts rose to 726,000, and the 24-hour CVD was positive for 2 consecutive days. The funding rate was slightly above zero, and the overall trend was bullish; the CVD and funding rates for ETH, XRP, and Solana were slightly negative. The volatility index continues to decline, and the market expects the price to fluctuate only about 2.5% before and after Friday's inflation data. In terms of altcoins, MANA and AERO each increased by about 6%, but MANA's increase was accompanied by a 25% surge in open contracts, indicating that it was mainly driven by leverage. The market is concerned about whether Bitcoin can effectively break through $75,000 and form support. If so, it may trigger a rotation of capital towards the oversold altcoin sector. This article is sponsored by GENG, Build Your Fortune on GENG (https://geng.one)

135d agoburnking

Binance will remove inactive trading pairs such as ARDR/BTC, BB/BNB

According to the official announcement, Binance will remove ARDR/BTC, BB/BNB, BERA/BTC, DIA/BTC, DIA/BTC, FLUX/BTC, GALA/FDUSD, GPS/BNB, GRT/FDUSD, GUN/FDUSD, ICP/ETH, ICX/BTC, KAITO/FDUSD, KERNEL/BNB, MANA/ETH, NOM/ on February 10 FDUSD, REQ/BTC, XNO/BTC, YGG/BTC, and ZRO/BTC trading pairs.

194d ago

Data: The crypto sector generally rebounded, the GameFi sector led a rise of nearly 7%, and BTC returned above $90,000

Comparatively, according to SosoValue data, the crypto market sector generally rebounded, with GameFi leading the 24-hour increase of 6.88%. Among them, Axie Infinity (AXS) rose 20.71%, The Sandbox (SAND) rose 13.04%, and Decentraland (MANA) rose 11.03%. Additionally, Bitcoin (BTC) rose 1.16% to surpass $90,000; Ethereum (ETH) rose 1.91% to surpass $3,000. Meanwhile, Mag7.ssi is up 1.76%, Defi.ssi is up 1.96%, and Meme.ssi is up 1.79%. In other sectors, the AI sector rose 3.72% in 24 hours; within the sector, Render (RENDER) rose 5.36%; the RWA sector rose 3.70%, and Pendle (PENDLE) rose 11.36%; the DeFi sector rose 3.14%, and River (RIVER) continued to rise sharply and rose 36.46%; the PayFi sector rose 3.12%, Telcoin (TEL) rose 24.98%; Meme sector rose 2.47%, PIPPIN (PIPPIN) rose 32.01%; the Layer 2 sector rose 2.40%, ImmutableX (IMX) rose 6.53%; the Layer 1 sector rose 1.81% and Canton Network (CC) rose 13.98%; the CeFi sector rose 1.27%, and Aster (ASTER) rose 4.41%. The crypto sector index, which reflects the sector's historical market, shows that the SSIGameFi, SSIAI, and SSIRWA indices rose 9.04%, 4.61%, and 3.90% respectively.

212d ago

Data: Multiple tokens hit new lows today, and REZ and IO surged and retreated

Comparative news, according to Binance spot data, several coins have reached new lows today. 1INCH fell 6.72% in 24 hours, ALGO fell 5.03%, FLOW hit a new low this week, falling 5.62%, HIVE falling 5.05%, ICX falling 7.58%, LSK falling 6.58%, and MANA falling 6.11%. At the same time, REZ experienced a “rush up and down” state, down 8.23% in 24 hours, and IO also experienced a “rush up and down” state, with a decrease of 9.58%.

222d ago

Coinbase will temporarily remove FLOW-USDT, ETH-DAI trading pairs

In comparison, Coinbase officially announced that in order to improve overall market health and concentrate liquidity, the platform will remove ETH-DAI, FLOW-USDT, and MANA-ETH trading pairs at about 12:00 EST on January 7, 2026. Coinbase Advanced users in eligible regions can still trade ETH, FLOW, and MANA in the US dollar order book.

227d ago