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Crypto

Sam Altman\'s biometric authentication startup World raises $52.5 million from cryptocurrency sale

World, an online authentication startup co-founded by Sam Altman, raised $52.5 million by selling WLD tokens to strategic investors, with a 12-month lockup, TechCrunch reported. Investors cannot sell or trade WLD for a year. World said the condition reflects long-term investment in its growth and expanding utility. Proceeds will go to the Cayman Islands-based World Foundation. Pantera Capital led the purchase, with other firms participating.

Crypto

BlackRock\'s BITA draws mixed reviews: high yield but limited upside

BlackRock listed BITA, a Bitcoin income ETF, on the Nasdaq, combining spot Bitcoin exposure with monthly cash distributions funded by option premiums. The fund holds spot Bitcoin and shares of iShares Bitcoin Trust (IBIT), selling covered calls on IBIT to generate income. Analysts and market participants debated whether the strategy can replace holding Bitcoin, citing higher fees, capped upside during sharp rallies and no downside protection during declines.

General News

SpaceX shares fall for second day as investors eye lock-up expiry, options surge

SpaceX shares fell for a second straight session as investors weighed its thin free float against looming lock-up expiries and heavy options activity. The stock dropped 3.57 percent on June 18 after nearly a 5 percent fall a day earlier, though it remains about 37 percent above its IPO price of $135. Markets are watching potential conversion of 20 percent to 30 percent of locked shares after second-quarter results and speculative trading in short-dated options.