Search results for Susquehanna
Crypto
Changpeng Zhao-backed YZi Labs makes additional investment in prediction market startup Predict.fun
Predict.fun, Binance\'s in-app prediction market partner, has received additional investment from YZi Labs, a venture investor backed by Binance founder Changpeng Zhao. The Block reported Susquehanna Crypto also took part in the round. YZi Labs said on X it made a strategic follow-on investment and described Predict.fun as a crypto-native prediction market platform. Zhao has said prediction markets are a key destination for crypto capital and expects the FIFA World Cup to boost activity.
Crypto
Crypto lender BlockFills seeks restructuring after halting withdrawals
Crypto trading and lending firm BlockFills has asked consulting firm BRG for restructuring advice, The Block reported on March 6, citing the Financial Times. BlockFills temporarily halted customer deposits and withdrawals last month, citing \"recent market and financial conditions\". It also faces a lawsuit from client Dominion Capital, which alleges improper use of customer funds. The company has appointed BRG\'s Mark Renzi as chief innovation officer and plans to bring in new capital while strengthening governance and financial controls.
AI & Enterprise
AMD shares fall 9 percent after earnings as Q1 outlook disappoints
AMD posted fourth-quarter revenue of $10.27 billion, beating market expectations, but its shares fell 9 percent after its first-quarter guidance missed some analysts\' estimates, CNBC reported on Feb. 4. AMD forecast first-quarter revenue of $9.8 billion, plus or minus $300 million. Susquehanna analyst Chris Rolland said market expectations were too high and that fourth-quarter results were less positive than expected due to the inclusion of China revenue.
