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Goldman Sachs X Crypto

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TRENDING TOPICS

Russia returns: Moscow reopened its exchange after a one-month closure and stocks popped higher. Find out why this isn’t a surprise.

Magic 8: Markets are now pricing in eight US interest rate hikes this year, so where is the best place to invest your money?.

Deal making: The US and the EU announced a major deal on liquified natural gas to reduce Europe’s reliance on Russian energy.

Chasing Tesla: Elon Musk opened the new gigafactory in Berlin but is Tesla (NASDAQ:TSLA) about to be caught by the EV peloton?.

MARKETS

Prices

Markets: All three major US averages notched second consecutive winning weeks. The S&P 500 is now up about 3.9% higher in March, more than erasing its losses since Russia invaded Ukraine late last month. Meanwhile, Treasuries fell, on course for one of their worst quarterly routs since at least the early 1970s, as the market ramped up bets on the Federal Reserve hiking rates.

Crypto: If you thought crypto was a fad, think again. Goldman Sachs (NYSE:GS) has gone all in. Check out their new homepage ‘Digitalization‘ from crypto to the metaverse, explore the megatrends that are reshaping economies.

DEALS PAY THE BILLS

M&A

Prologis (NYSE:PLD), the world’s largest warehouse owner has bid upwards of +$20bn for Blackstone’s (NYSE:BX) logistics portfolio.

Berkshire Hathaway (NYSE:BRKa) has agreed to buy Alleghany (NYSE:Y), an investment holding company for $11.6bn.

Apple (NASDAQ:AAPL) has acquired UK-based fintech start-up Credit Kudos which uses machine learning to create an alternative to traditional credit scores.

Venture Capital

Ramp, a finance automation company has raised $750m via $200m in equity from Founders Fund and the remaining in debt via Citi and Goldman.

Yuga Labs, the Bored Yacht Club NFT creator has raised a $450 seed round led by a16z Crypto at a $4bn valuation.

Worldcoin, a crypto startup is going to raise $100m at a $3bn token valuation led by az16z and Khosla Ventures.

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Enjoy your weekend!

Goldman Sachs X Crypto

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