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00:50
SoftBank Seeks $10 Billion Margin Loan Secured by OpenAI Shares
On April 23, according to foreign media reports, sources revealed that SoftBank Group is seeking a $10 billion loan secured by its shares in OpenAI. This move is the latest effort by the Japanese company to increase debt to advance its investments in artificial intelligence. According to insiders, the two-year margin loan comes with an option that allows SoftBank to extend the borrowing period by another year. SoftBank founder Masayoshi Son aims to position himself as a key player in the global AI boom, and the company has been increasing its debt to make substantial investments in OpenAI. SoftBank has previously invested over $30 billion in the American company and recently added another $30 billion investment commitment.
00:49
Believe founder arrested, faces second-degree manslaughter and assault charges
According to Odaily, based on public records from the New York Criminal Court, Believe founder Benjamin Pasternak has been arrested on charges of second-degree manslaughter and assault, and is scheduled to appear in court on June 11. He was previously accused of participating in a token withdrawal and rug pull scheme involving several million dollars. The platform's native token BELIEVE is currently trading at around $0.00075, down more than 99% from its all-time high of $0.3569 set in May 2025.
00:40
Blockchain Capital Aims to Raise $700 Million with Two New Funds
On April 23, cryptocurrency venture capital firm Blockchain Capital is simultaneously raising two new funds, targeting a total of $700 million, which includes its seventh early-stage fund and its second growth fund. Sources reveal that the firm has begun deploying some of the newly raised capital, with the entire financing round expected to be completed within five to six months.
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