Insider: Manus Aims to Raise New Funding Round at $500 Million Valuation
On March 28th, as per The Information, three sources disclosed that the team of Manus AI is engaged in negotiations with potential investors, including U.S. venture capital firms. They are planning to raise a new round of funding with a valuation of at least $5 billion (approximately 37.5 billion RMB), which is a fivefold increase from the previous valuation. The developers of Manus are the Butterfly Effect. According to sources, the core team of the Beijing-based company has recently been in contact with some U.S. investors through online and offline channels, and this round of funding could reach tens of millions of dollars. The report indicates that Manus utilizes tools such as Anthropic's Claude AI model, with an average cost of $2 to Anthropic per task. The new round of funding may allow Manus to expand to more users. In response to this news, the Butterfly Effect company stated: no comment on the financing situation.
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BlackRock's BUIDL Fund Surpasses $1.9 Billion in Size, with a 203.63% Increase in 30 Days
On March 28th, based on on-chain data, the BlackRock BUIDL Fund has exceeded $1.9 billion and reached $1,935,226,721. It has witnessed a 203.63% increase in the past 30 days. The current number of holders is 62 (aiming at institutional investors with a minimum threshold of $5 million). The APY is reported to be 4.50%, and the management fee ranges from 0.20% to 0.50%.
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Foreign Media: US is Pushing for a Broader Mining Agreement with Ukraine
March 28th: According to foreign media reports, a draft proposal summary indicates that the Trump administration has presented a new and more extensive mining agreement with Ukraine. It is stated that the United States has revised the original proposal such that it will not offer future security guarantees to Ukraine. Instead, it requires Ukraine to contribute all revenues from the utilization of natural resources managed by state-owned and private enterprises within Ukraine to a joint investment fund.
The terms proposed by Washington go far beyond the agreement that was being discussed a few days before the controversial meeting between Trump and Zelensky in the Oval Office last month. One source mentioned that U.S. Treasury Secretary Benson has been leading the negotiations on behalf of the United States. Additionally, according to this summary, the proposal does not make any mention of the issue of the United States owning Ukrainian nuclear power plants, which was a point that Trump
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GameStop closed this morning with a more than 22% drop, and rose 4.12% in after-hours trading.
On March 28th, this morning, the US stock GameStop closed with a decline of more than 22%. In after-hours trading, it is currently up by 4.12%, and its market value is temporarily reported at $98.76 billion.
Yesterday, GameStop announced its plan to privately issue $1.3 billion worth of 0.00% convertible senior notes (due 2030) to eligible institutional investors. Depending on market conditions, the company may also authorize the initial purchaser to purchase an additional $200 million worth of notes within 13 days. GameStop stated that the proceeds from the offering will be used for general corporate purposes, including purchasing Bitcoin in accordance with the company's investment policy.
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