Hallo to all. We're back from a short weekend with some big updates.

First, key news from the last few days:

• Русская версия

———
#FED #rate #inflation

Today at 18:00 [UTC] is the next #FOMC meeting, where they will raise the rate [consensus - +0.5], but everyone already knows this, so this increase is already priced in. There should be no surprises, so everything is OK [light shaking out no more].

———
#decrypt #vc #BIG #media

Another big news for all crytpo media [congratulations to Decrypt team], and for us as well…

Decrypt Raises $10M and Spins Out as Independent Web3 Media Company [$50m value].
Decrypt Media, which includes Decrypt Studios, has 25 full-time employees [nwsmkr has 2] and reaches an average 5 million readers every month.

[e.g. in April #nwsmkr had about 300k readers, so nwsmkr’s value is about $3m [#nice], ok not 3, but $1M for sure 🧐 Respect all of you 💪💪 Moving to $1B].

———
#TWTR #elonmusk #telegram

Twitter will introduce a paid subscription [will not affect casual users]. Just like Telegram, by the way.

———
#ALGO #FIFA

FIFA announces partnership with Algorand [price pumped of course after that, we won't miss it next time 😑]

———
#a16z #vc #India

A16z plans $500 million investment in Indian startups

#coindesk #DCG #rumor #media

Crypto news site CoinDesk draws buyout offers

The publication is owned by Digital Currency Group and has garnered attention after its report on FTX and Alameda Research ties.

Crypto news site CoinDesk, has received takeover interest including one that suggested a $300 million purchase price.

The publication — a competitor of The Block — brings in $50 million in yearly revenues stemming from advertising and its Consensus conference.

——
Similar deals:

Mar 31, 2020 - Binance to acquire CoinMarketCap in $400 million deal.

May 3, 2022 - Decrypt Raises $10M - $50m value

• The Block • Semafor

——
🪆Перевод

#semafor #media #vc #SBF

Another media has raised money…

Semafor Raises $19 Million, Replacing Money From Sam Bankman-Fried

The media start-up’s new backers include Henry Kravis, a founder of the private-equity giant KKR, and Jerry Yang, a Yahoo founder.

Semafor has booked more than $10 million in revenue in 2023, split between advertising and events, which have been a larger-than-expected contributor to the company’s business, Justin Smith said.

Semafor declined to reveal its valuation after the latest funding round.

Semafor had 400,000 subscribers to its free newsletters, which cover media, finance, technology and politics. Its website drew 1.5 million users ‌in April, according to Similarweb.

——
Sam Bankman-Fried had invested about $10 million in the news site.

Mr. Smith [co-founder] said he had realized that Mr. Bankman-Fried’s investment posed a problem for Semafor after editing an article about Mr. Bankman-Fried’s attempt to bail out FTX, his troubled cryptocurrency exchange, written by Liz Hoffman, a Semafor reporter who covers business and finance.

• NYT

——
🪆Перевод

#theblock #media

The crypto media TheBlock is selling more than 50% of its shares, worth about 60 million US dollars, and has communicated with many interested investors, according to two sources.

Alameda loaned 12 million US dollars to Michael McCaffrey for him to personally acquire The Block before 2023. The current restructuring of TheBlock is still in the early stages of communication and the valuation may change.

CoinDesk is also selling a $125m stake in DCG for a total valuation of more than $200m.

• Wu

——
🪆Перевод

#DWF #nice

Fresh podcast with Andrei Grachev from DWF, about MM, markets and more on ICO Drops. Interesting…

Some Andrei’s thoughts:
Expects crypto to continue growing in 2024…
Crypto market - lots of risk tolerant people. A lot of gambling…
Andrei doesn't understand who can short when the funding reaches 2-3%😆
Only 2% of people make money on exchanges
We don't announce a lot of deals
Per 100 investment applications, we support 3-5
DWF Ventures is a separate entity from DWF
Top funds: #Sequoia, #Jump, Binance Labs, KuCoin…
#BLAST - pure gambling, but doesn’t expect scam
We bought a lot of #TON this year and hedge the deal body
Telegram may launch its own stablecoin
Don’t like #SOL
#EOS very good financial investment
I personally have only #BTC and #USDT, and #ETH for fees…
I have no beef with #GSR and #Wintermute, the whole conflict is pure competition.
#TheBlock is partially owned by Wintermute
We works with 20 projects from top100, and 350 from top1000
Social media is coming to the forefront
We don't plan to buy #media, we believe in KOL
To make a unicorn, you need either a product [#INJ] or a narrative with luck [memecoins]
#Binance is an important part of the market. Will close for Russians next fall
#Unlock is mainly about OTC, for good projects they do not have a strong impact on the price
We are being offered to buy the debt in FTX for 65%, previously offered 30%. Didn't sell
FTX Japan preparing to restart
FTX2.0 will launch and we'll see which way it goes, either offshore or pure American.
#USTC has no value but is going up because of the bull market and short term narrative, same with the #FTT. Speculative history
#AI is already highly developed in HFT trading. Prediction model for short and long term
#NFT doesn’t trade, but looking on it, depends on the season
Work on Crypto fight. I will fight myself)
Plan to sponsor sports
Hobby - sport, walking, living in Switzerland, don’t drink
Like: #SHRAP, #MASK

*Russian language

• Drops

——
🪆Перевод

#Coindesk #media

Chronology:
Nov, 2022. Value ~$300M, revenue ~$50M
Jul, 2023. Value ~$200M, revenue ~40M
Nov, 2023. Value ~$100M [?], revenue ~26-27M. DCG's deal with Genesis includes one $10M payment from the sale of Coindesk

Similar deals:
May, 2023. #Blockworks - $135M
Nov, 2023. #TheBlock ~$100M ? [majority stake - $70M]

——
CoinDesk Revenue Slowed Before Sale to Bullish

One of CoinDesk’s big moneymakers is its Consensus conference, which was held in April this year. It also sells price indexes for crypto. It brought in $24 million in revenue in the first nine months of 2023, putting it on track for full-year revenue that’s well below the $50 million it brought in for 2022. Its revenue is also on pace to come in below the projected $40 million it would generate this year as of July 2023.

——
Sources:

• Revenue
Coindesk • 300M • 200M • Genesis
• Blockworks • The Block

——
🪆Перевод

#Decrypt #redacted #RUG #media

Decrypt Media Inc. and Rug Radio Merge to Create Global Web3 Publishing Company

Decrypt Media Inc. and Rug Radio have announced their intent to merge, creating the world’s biggest decentralized publishing company. Codenamed REDACTED, the alliance is aimed at revolutionizing tech-media, bringing together the forces of content creation and consumption.

The merger is slated for completion by the end of January.

Together, the entities are expected to reach more than 10 million people each month.

After the merger, REDACTED plans to introduce a token that would establish a media ecosystem benefiting consumers, creators, and advertisers alike.

During the announcement at Art Basel in Miami Beach last night, the REDACTED team also revealed its plan to collaborate exclusively with Layer 2 blockchain Arbitrum as the backbone for a newly minted media ecosystem.

Decrypt was initially incubated by Consensys Mesh, and spun out after raising $10M in April, 2022 [$50M value] Consensys is also a holder of Rug’s tokens, and an active participant in its DAO.

"Decentralized media will play a pivotal role in the age of community,” said J. Lubin.

• DC

——
🪆Перевод

#Coindesk #media | Source

CoinDesk Buys Crypto Data Provider CCData and CryptoCompare

CoinDesk has acquired crypto data provider CCData and its retail arm CryptoCompare, which serves over 300,000 active users