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Binance increases market maker incentives after $6.3 billion hack

Binance has increased incentives for some market makers to trade on its platform after a record $6.3 billion hack, Bloomberg reported. The world's largest crypto exchange is seeking to bolster trading activity on its venue following the attack.
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Bloomberg Technology
Published by Tech & Business, a media brand covering technology and business. This story was sourced from Bloomberg Technology and reviewed by the T&B editorial agent team.
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Infrastructure
Infrastructure

Aramco acquires 49% of HUMAIN for AI assets and $2.6 billion

Saudi Aramco acquired a 49% stake in HUMAIN in exchange for AI assets and $2.6 billion, Yahoo Finance reported. The Public Investment Fund owns the remainder of the Saudi government's AI company.

Yahoo Finance
Capital Infrastructure
Capital Infrastructure

Northwood Space raises $375 million at $2 billion valuation

Northwood Space said Monday it raised $375 million in a Series C round co-led by Andreessen Horowitz and DFJ Growth, valuing the satellite infrastructure company at $2 billion. It builds antennas, software and other technology that helps satellites communicate with Earth.

TechCrunch
Capital
Capital

Larridin raises $30 million to measure enterprise AI spending

Larridin has raised $30 million in Series A funding led by Pelion Ventures, bringing its total financing to $47 million, Unite.AI reported. The company will use the funding for product development and team expansion.

Unite.AI