Anthony Pompliano's crypto venture ProCap Financial to go public via SPAC deal
June 23 (Reuters) - Anthony Pompliano's crypto venture ProCap Financial will go public in the U.S. through a merger with blank-check vehicle Columbus Circle Capital Corp (CCCM.O), opens new tab, the American entrepreneur said on Monday.
The combined company will have bitcoin worth up to $1 billion on its balance sheet. The transaction is expected to close before the end of 2025.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
BBC News
22 minutes ago
- BBC News
World Business Report Will Iran close the Strait of Hormuz?
A narrow area of sea at the mouth of the Gulf has become the focus of global concern after the United States bombing of Iran. While Iran's parliament has voted to close the Strait of Hormuz, there is no sign of disruption of the sea passage that carries a fifth of the world's oil. So is Iran likely to take action there, and what would the effect be? Roger Hearing discusses whether Germany and Italy will repatriate their national gold reserves of $245billion from the New York Federal Reserve over fears about President Donald Trump's erratic policymaking amid wider geopolitical unrest. And we hear how the pursuit of shopping convenience is leading to exhausted workers and struggling family-run businesses in India. The latest business and finance news from around the world, on the BBC.
The Independent
27 minutes ago
- The Independent
Trump warns oil companies against ‘playing into hands of the enemy' over prices
Crude oil prices surged to over $78 a barrel following U.S. attacks on Iranian nuclear facilities and Iran's parliamentary vote to close the Strait of Hormuz. Donald Trump responded by publicly ordering the Department of Energy to increase drilling and urged "everyone" to keep oil prices down, urging companies against 'playing right into the hands of the enemy'. The Strait of Hormuz, a vital choke point for 20 percent of global oil and gas shipments, saw tankers scrambling to leave after Iran's vote. US officials, including Secretary of State Marco Rubio, warned Iran that closing the strait would be "economic suicide" and a "terrible mistake" warranting a response. The price spike is expected to raise gasoline costs for Americans, with analysts predicting prices could reach $130 per barrel if a blockade occurs.
Reuters
31 minutes ago
- Reuters
WhatsApp banned on US House of Representatives devices
WASHINGTON, June 23 (Reuters) - Meta Platforms (META.O), opens new tab WhatsApp messaging service has been banned on all U.S. House of Representatives devices, according to a memo sent to House staff on Monday. The notice to all House staff said the "Office of Cybersecurity has deemed WhatsApp a high-risk to users due to the lack of transparency in how it protects user data, absence of stored data encryption, and potential security risks involved with its use." The memo, from the Chief Administrative Officer, recommended other messaging apps, including Microsoft Corp's(MSFT.O), opens new tab Teams platform, (AMZN.O), opens new tab Wickr, Signal, Apple's iMessage, and Facetime. Meta did not immediately respond to a request for comment.
