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Manus Revenue Growth Strong, Early Investors Driving Buyback

1 hours ago

June 18. Agentic AI startup Manus achieved rapid commercialization shortly after its launch. By the end of 2025, the company’s annual recurring revenue (ARR) stood at roughly $100 million, with a total revenue run rate exceeding $125 million. Its month-over-month growth rate topped 20%, earning Manus the title of “the fastest startup to reach $100 million in ARR.” Against this backdrop, Manus’ early investors and Asian stakeholders hold differing perspectives. Asian backers are leaning toward a reverse merger with Meta that adheres to Chinese regulatory requirements, while a buyback financing option is now drawing fresh interest—fueled by Manus’ revenue potential, which is projected to hit nearly $1 billion in 2026. Per two individuals familiar with the matter, Manus’ early Chinese supporters are planning to repurchase the company from Meta at a $2 billion price, an amount Meta originally paid for Manus. Click the original link below to join BlockBeats’ Feishu AI News Channel, which tracks global AI hotspots and news 24/7.
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U.S. Independent Senator from Vermont Proposes U.S. Government to Hold 50% Stake in Major AI Company

On June 18, U.S. Sen. Bernie Sanders of Vermont has unveiled a plan that would require the federal government to take a 50% equity stake in large-scale artificial intelligence companies, according to Axios.

3 minutes ago

A bipartisan group of US senators is expected to hold a meeting to discuss the unresolved issues of the Clarity Act

June 18 — With just over a week left before the U.S. Senate recesses for the July 4 holiday, pro-cryptocurrency senators and top government officials are conducting behind-the-scenes negotiations to ready the Clarity Act for a full floor vote when lawmakers return from the break. Multiple sources familiar with the talks reveal that a bipartisan group of senators from the Senate Banking Committee and Senate Agriculture Committee is set to hold a meeting this morning to resolve outstanding issues on the bill. Separately today, Acting Attorney General Todd Blanche will meet with law enforcement officials as the administration pushes to build support for a key, contentious provision in the Blockchain Regulatory Certainty Act. This provision would clearly state that developers of certain non-custodial software are not liable for third parties’ use of their code — unless the developers have actual knowledge that the code would be used for illicit activities and intend for that misuse to occ

3 minutes ago

Pakistan's Deputy Foreign Minister will represent Islamabad at the signing ceremony of the US-Iran Memorandum of Understanding.

June 18 — Israel’s i24News reports: Pakistan’s Deputy Foreign Minister will represent Islamabad at the signing ceremony for the U.S.-Iran Memorandum of Understanding.

3 minutes ago

Binance Futures, Margin, Swap, VIP Loan Services Now Live

Per Binance's official announcement on June 18, the crypto platform will list RE across its Futures, Margin, Swap, and VIP Loan services. Effective at 22:00 UTC+8 on June 18, 2026: - RE will be added as a borrowable asset for both Binance Cross and Isolated Margin, alongside new RE/USDT and RE/USDC Cross & Isolated Margin trading pairs. - The REUSDT perpetual contract (with 1-50x leverage) will also launch at the same time.

3 minutes ago

Cryptocurrency Asset Management Firm ReserveOne Terminates $1 Billion Merger with SPAC

June 18 – The $1 billion merger between cryptocurrency asset management firm ReserveOne and special purpose acquisition company (SPAC) M3-Brigade Acquisition V Corp. (Ticker: MBAV) has failed, per insiders, who attribute the deal’s collapse to at least two major ReserveOne investors requesting to terminate the transaction. Since the merger was announced nearly a year ago, Bitcoin and other digital tokens have plummeted sharply in value, according to involved investors. Those investors argued that taking ReserveOne public via the SPAC at this point would lead to its stock trading below net asset value (NAV), and the additional burden of fees owed to bankers and sponsors further made the deal uneconomical.

3 minutes ago

Wealthsimple partners with Kalshi to launch prediction markets in Canada

On June 18th, Toronto-based online financial services platform Wealthsimple Inc. announced a partnership with prediction market Kalshi to launch a new trading product enabling Canadian users to wager on real-world events. The firm plans to roll out a standalone mobile app, Wealthsimple Predict, which will grant users access to nearly 4,000 contracts available on Kalshi. While the standalone app is set to launch later this summer, no specific release date has been disclosed. Contracts accessible to Canadian users will be restricted to categories permitted under CIRO regulations: economic indicators, financial markets, and climate-related events, excluding those tied to sports outcomes or elections. Additionally, Wealthsimple Predict will only offer event contracts with a minimum duration of 30 days.

3 minutes ago

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