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Circle's S-1 shows that it is basically a fintech and that, as of December 31, 2024, ~85% of USDC reserves were held in a BlackRock-managed money market fund (Matt Levine/Bloomberg)

Matt Levine / Bloomberg : Circle's S-1 shows that it is basically a fintech and that, as of December 31, 2024, ~85% of USDC reserves ...

2 April 2025

Elon Musk's X and xAI all-stock merger broke Wall Street's usual rules, with the same advisers, Morgan Stanley and Sullivan & Cromwell, working on both sides (Wall Street Journal)

Wall Street Journal:
Elon Musk's X and xAI all-stock merger broke Wall Street's usual rules, with the same advisers, Morgan Stanley and Sullivan & Cromwell, working on both sides  —  The tech titan can follow his own rules when he is combining two companies he owns, but the merger is still raising dealmaker eyebrows

Posted from: this blog via Microsoft Power Automate.

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