PayPal (PYPL) stock moved higher into the close after the WSJ reported that the company is in talks with Stripe and private-equity firm Advent about a sale.
It was Stripe and Advent in July that offered $60.50 per share for PayPal, with PayPal reportedly rejecting that amount as too low.
They’ve since been in negotiations, according to the story.
PYPL closed Friday’s session higher by 1.8% at $61.66.
A lot of crypto names will be in Washington next week for a pair of administration meetings, first with the White House and then for a scheduled meeting of the Commodity Futures Trading Commission’s new innovation committee, of which they're inaugural members.
Crypto CEOs are expected to meet White House officials at the Eisenhower Executive Office Building next door to the White House on Wednesday afternoon, sources say. Then the following afternoon, they'll be at the CFTC’s first meeting of the new committee, talking about “Crypto’s Regulatory Evolution: From Uncertainty to Clarity.”
Texas Governor Greg Abbott on Friday afternoon announced that Cipher Digital (CIFR), along with Amazon, and Lancium, will comply with data center standards laid out by his administration.
“I established clear guardrails to ensure data centers protect our electric grid, conserve our water, respect our neighborhoods, and pay their own way,” said Governor Abbott. "They must not pass costs on to Texas families or interfere with their quality of life.”
The news would seemingly pave the way for continued data center growth in that state.
CIFR is leading neoclouds higher with an 8.15% gain on Friday. Other movers include TeraWulf (WULF), Keel Infrastructure (KEEL), Hut 8 (HUT), and CleanSpark (CLSK), with gains closer to 5%.
Two Abu Dhabi sovereign wealth funds held onto their large positions in BlackRock’s spot bitcoin ETF through the second quarter despite sliding crypto prices during that period.
Mubadala Investment Company reported owning 14.72 million shares of the iShares Bitcoin Trust (IBIT) as of June 30, worth about $490 million at the time, according to a Friday regulatory filing. The position was unchanged from the previous quarter and ranked as the second-largest holding in Mubadala’s 13F portfolio.
Source
This article is syndicated for educational reading. For the latest updates, visit the original publisher.
Read on coindesk.com
