Elon Musk\'s tunnelling company The Boring Company raised $3 billion in a Series D round led by the United Arab Emirates and related investment institutions, valuing it at $23 billion. The valuation is about four times its roughly $5.7 billion value in 2022. The company plans to use the funds to hire staff, expand Loop projects and develop its Prufrock tunnelling machine, with a key focus on building more than 150 km of tunnels in the UAE.

A survey found that describing bitcoin as “digital gold” does not resonate with the U.S. public. The Bitcoin Policy Institute said messages stressing storytelling and trust drew the most interest. Research involving surveys, focus groups and message testing found respondents valued control most, followed by proven performance, security, accessibility and ease of use. Potential buyers preferred explanations from friends, family and financial professionals. A Cleveland Fed study showed expected returns strongly influenced ownership.