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05:02
Hong Kong fintech company WeLab raises $220 million in Series D funding round, led by HSBC Bank
BlockBeats News, January 17th, according to Bloomberg, Hong Kong fintech company WeLab has completed a $220 million Series D financing round, with participation from HSBC, Prudential Hong Kong, Fubon Bank (Hong Kong), Hong Kong Growth Portfolio, Allianz X, TOM Group (CK Hutchison Holdings), and others. The raised funds will be used to expand into the Southeast Asian market and for mergers and acquisitions. WeLab is a startup/enterprise member of the Hong Kong Web3 Association. Its subsidiary, WeLab Bank, was granted a virtual banking license by the Hong Kong Monetary Authority in 2019 (now known as a digital bank) and is also a member of The Hong Kong Institute of Bankers (HKIB).
04:56
Steak 'n Shake purchases $10 million worth of BTC for strategic reserves
American fast food brand Steak 'n Shake announced the purchase of $10 million in BTC for strategic Bitcoin reserves, describing this model as a self-reinforcing system aimed at combining sales growth, improved food quality, and long-term Bitcoin accumulation.
04:45
Solana Ecosystem Meme Coin RALPH Surpasses $43 Million Market Cap to Hit New All-Time High, Surging Over 250% in 24 Hours
BlockBeats News, January 17th, according to market data, the market capitalization of the Solana ecosystem meme RALPH has exceeded 43 million US dollars, reaching a historic high, with a 24-hour increase of 253% and a 24-hour trading volume of 17.7 million US dollars. The inspiration behind RALPH's creation is the classic character Ralph Wiggum from "The Simpsons." BlockBeats previously reported that an insider of RALPH had spent 12.3 SOL (worth $1,668) to purchase 28.8 million RALPH tokens, which are now worth $1.07 million, achieving a 642x return. BlockBeats Note: Meme coins have huge price volatility, rely heavily on market sentiment and hype, have no actual value or use case, and investors should be aware of the risks.
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