DeFI News by Thebittimes.Com

Elon Musk’s social media platform X (formerly Twitter) is back to a valuation of $44 billion, according to sources close to a deal around X. Investors valued the platform at $44B in a so-called secondary deal earlier this month, in which they exchanged existing stakes in the company. The company’s valuation has been on a decline since Musk acquired the platform 3 years ago for $44 billion. JUST IN: X (Twitter) is back to a $44 billion valuation. pic.twitter.com/dk4QSNR9Fd — Watcher.Guru (@WatcherGuru) March 19, 2025 In Musk’s time as the head of X, has loosened the platform’s moderation policies, something that prompted many advertisers to leave. The decline in advertisers caused X’s value to deteriorate, recently to as low as $10 billion. X’s revenues have also dropped since Musk’s takeover. However, the platform posted about $1.2bn in adjusted earnings before interest, taxes, depreciation, and amortization in 2024, according to those sources. X is Back Making M...

Solana (SOL) has been something of an early marvel of the 2024 cryptocurrency bull market, as it was one of the first tokens to make substantial moves already late last year. Though it entered a protracted period of stagnation in March, it followed many other assets into the post-election rally, even recording highs above $257 in late November – no small feat for a cryptocurrency that stood at about $20 just over one year ago. Still, despite the undeniable successes in the last 14 months, SOL proved unable to resist the great downturn that started on December 18, 2024, and it is, in the last 7 days, 19.43% in the red with its press time price of $182.19. Picks for you Crypto trader turns $90 into $3.25 million in just two days 15 hours ago ...

According to reports, crypto infrastructure firm Blockstream is seeking funds at a much lower valuation than earlier. Blockstream raised $210 million in August 2021 in a Series B investment round. At the time, the firm was valued at $3.2 billion. According to the report, the company’s worth has dropped by roughly 70% to less than $1 billion. Crypto infrastructure company Blockstream is raising fresh funds at a lower valuation than at its most recent financing as the collapse of FTX exacerbates a challenging venture capital backdrop https://t.co/OzGJzzip44 — Bloomberg (@business) December 6, 2022 Adam Back, CEO of Blockstream, would not disclose the specifics of the investment round. However, he did say that the funds would be used to increase the company’s crypto -mining capacity. For those who do not know, Back is one of the suspected identities of Bitcoin creator Satoshi Nakamoto. Back stated, “We rapidly sold out all...

It has been a fortnight since the global crypto market cap traded above the $1 trillion mark. At the beginning of the month, as crypt prices recovered, the aggregate valuation found solace around the said threshold. Right after that, however, it noted a freefall of more than $200 billion. Owing to the futile stabilization attempts, the same stood at merely $756 billion at press time on Monday. Total Crypto Market Cap | Source: TradingView Bitcoin, Ethereum price On the price front, both Bitcoin and Ethereum have been replicating each other’s prices. Both the top assets slipped below their moving averages recently and have been trading in red of late. Alongside, both markets were also characterized by a lack of buying momentum. The same was confirmed by the undernourished reading of the Relative Strength Index indicator. After noting a daily decline of 4.4% and 11.32% over the past 24 hours, Bitcoin and Ethereum were seen exchanging hands at $16052 and $1121 at press time res...