Robinhood Rival EToro Likely to Price IPO Above Marketed Range
The trading and investment platform and a group of its investors are offering 10 million shares for $46 to $50 each, according to an earlier filing. The IPO has received orders for multiple times the number of shares available, Bloomberg News has reported.
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Bitcoin Nears Record as Treasury Investors Boost Crypto Market
(Bloomberg) — Bitcoin (BTC-USD) rose to within striking distance of an all-time high as demand from institutional investors and corporate treasury buyers lifts the wider market for digital assets. Sunseeking Germans Face Swiss Backlash Over Alpine Holiday Congestion New York Warns of $34 Billion Budget Hole, Biggest Since 2009 Crisis Three Deaths Reported as NYC Legionnaires' Outbreak Spreads A New Stage for the Theater That Gave America Shakespeare in the Park Chicago Schools' Bond Penalty Widens as $734 Million Gap Looms The original cryptocurrency advanced as much as 3.2% to top $122,000, not far shy of a previous record set in mid-July. A weekend rally saw Ether surge to above $4,300, its highest level since Dec. 2021. The gains come on the back of mounting interest in cryptocurrencies among large investors. So-called digital-asset treasury companies — listed vehicles that pivot into accumulating cryptocurrencies — have to date amassed a Bitcoin stockpile worth $113 billion, according to data compiled by Coingecko. Equivalent vehicles for Ether have stockpiled some $13 billion of the token so far, according to data. 'Bitcoin's climb toward record highs is being supported by steady institutional inflows into corporate treasuries, US spot ETFs and a shift in sentiment following new US tariffs on imported gold bars,' said Rachael Lucas, a crypto analyst at BTC Markets. 'With gold facing supply bottlenecks and policy risk, Bitcoin's role as a borderless, tariff-free store of value is gaining traction among investors.' Eric Trump, son of US President Donald Trump, who has financial interests in several digital-asset entities, applauded the Ether rally in a post on X. Bloomberg News reported Friday that investors are being sounded out on a plan for World Liberty Financial, the Trump family-backed venture, to set up a public company that would hold its WLFI tokens. Ether options markets reflected the bullish sentiment with an overall put-call ratio 0.40. The highest concentration of call options with a December 26 expiry is at $6,000, according to Deribit data. Bitcoin and Ether positioning has been heavily skewed toward September and December calls in line with macro rate-cut timing and continued adoption by the traditional financial system, said Sean McNulty, derivatives trading lead of APAC at digital-asset prime brokerage FalconX Ltd. For Bitcoin, the next major milestone is the previous all-time high of $123,205, while support for the token can be found near $116,000 if momentum fades, Lucas added. (Updates throughout) The Game Starts at 8. The Robbery Starts at 8:01 The Pizza Oven Startup With a Plan to Own Every Piece of the Pie Digital Nomads Are Transforming Medellín's Housing It's Only a Matter of Time Until Americans Pay for Trump's Tariffs Russia's Secret War and the Plot to Kill a German CEO ©2025 Bloomberg L.P. Sign up for the Yahoo Finance Morning Brief By subscribing, you are agreeing to Yahoo's Terms and Privacy Policy
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Pharaoh Capital's £24M Revenue Model Signals Investor Demand in Renewable Energy Assets
The U.K.-based investment firm's milestone highlights growing confidence in renewable energy as a stable, income-producing asset class. LEEDS, U.K. / / August 11, 2025 / Pharaoh Capital announced it has reached £24 million in revenue, underscoring increasing investor demand for recurring-income opportunities tied to renewable energy. The achievement reflects the firm's focus on asset-backed returns through long-term solar Power Purchase Agreements (PPAs), aligning investor interests with the energy transition while reducing exposure to volatile power markets. Founded in 2022, the Leeds-based family office has steadily grown its renewables portfolio by funding and managing commercial solar installations. The approach provides immediate energy savings to clients and delivers reliable cash flows for investors. Built on infrastructure-backed assets and predictable contractual revenues, the model is resonating with institutional investors seeking stable options beyond traditional energy markets. "The energy sector has faced unprecedented swings, from sharp wholesale price fluctuations to geopolitical pressures," said Grant Nicholson, founder of Pharaoh Capital. "Our model addresses that instability by building an asset base that generates contracted, long-term income. For investors, it represents a way to participate in the energy transition while benefiting from steady, recurring returns." Pharaoh Capital's £24 million revenue milestone shows not just operational success but also growing confidence in renewable infrastructure as a defensible asset class. Its solar PPA model has been deployed across multiple projects for major commercial clients, helping businesses secure cost certainty while meeting decarbonization commitments in an environment of unpredictable utility costs. Unlike speculative plays in emerging green technology, Nicholson said Pharaoh Capital's strategy centres on proven, income-producing infrastructure. Solar installations funded and managed by the firm are held as long-term assets, with electricity sold under fixed-term agreements. This approach delivers measurable sustainability results while insulating investors from the market volatility that has disrupted conventional power providers. "The recurring-income structure of solar PPAs is reshaping how investors view renewables," Nicholson said. "This is not about speculative bets on untested technology. It's about building dependable, income-generating assets in a sector essential to both the economy and the environment." The announcement comes at a time when asset managers increasingly integrate environmental, social, and governance (ESG) priorities into their investment strategies. For both family offices and institutional funds, renewable infrastructure has become a core element in balancing yield needs with sustainability mandates. Pharaoh Capital's traction illustrates this trend, showing how cash flows from energy infrastructure can complement, or even replace, exposure to more volatile equity or commodity-linked energy positions. By merging operational expertise in energy with disciplined capital deployment, the firm has positioned itself at the intersection of finance and the clean energy transition. Nicholson's background in energy and entrepreneurship has shaped the company's strategy, focusing on scalable investments with predictable returns. Initially bootstrapped with its own capital, Pharaoh Capital has shown how distributed energy assets can be both commercially viable and aligned with broader decarbonization efforts. As demand grows for capital-efficient clean energy solutions, Pharaoh Capital's model has drawn attention for its ability to deliver immediate benefits to end-users while maintaining investor returns. Governments and corporations accelerating net-zero targets have further increased the appeal of funding infrastructure that meets both operational and environmental objectives. Looking ahead, Nicholson noted that the firm is preparing to expand by leveraging debt financing to accelerate its deployment strategy. "We've proven the model using our own balance sheet," he said. "Now, the priority is scaling it. There's clear demand both from businesses seeking predictable energy pricing and from investors pursuing stable, ESG-aligned returns." Pharaoh Capital's continued growth reflects a broader shift among investors recognising renewable energy assets as both a hedge against price risk and a consistent income stream. As the firm builds on its £24 million revenue base, it illustrates how private capital is reshaping the path to energy transition through commercially grounded, infrastructure-backed models. About Pharaoh Capital Pharaoh Capital is a family office investment firm based in Leeds, U.K., specialising in energy and renewables. Established in 2022, it focuses on asset-backed investments in distributed energy infrastructure, combining operational expertise with long-term capital to deliver predictable cash flows and sustainable growth. Pharaoh Capital partners with like-minded investors to fund and manage renewable energy assets that support decarbonization while meeting institutional yield requirements. Its approach integrates active ownership and disciplined capital deployment to unlock value in an evolving energy landscape. Contact Details:Business: Pharaoh CapitalContact Name: Grant NicholsonEmail: gn@ Country: United Kingdom Disclaimer:This content has been provided by Pharaoh Capital and is published as received. Pharaoh Capital is solely responsible for the information contained herein, including its accuracy and completeness. This press release is for informational purposes only and does not constitute financial advice or an endorsement of any product or service. Readers should conduct their own research and consult a licensed financial advisor before making investment decisions. SOURCE: Pharaoh Capital View the original press release on ACCESS Newswire Sign in to access your portfolio
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Nvidia, AMD to pay US 15% of China AI chip sales in unusual move
(Bloomberg) — Nvidia Corp. (NVDA) and Advanced Micro Devices Inc. (AMD) agreed to pay 15% of their revenues from Chinese AI chip sales to the US government in a deal to secure export licenses, an unusual arrangement that may unnerve both US companies and Beijing. Sunseeking Germans Face Swiss Backlash Over Alpine Holiday Congestion New York Warns of $34 Billion Budget Hole, Biggest Since 2009 Crisis Three Deaths Reported as NYC Legionnaires' Outbreak Spreads A New Stage for the Theater That Gave America Shakespeare in the Park Chicago Schools' Bond Penalty Widens as $734 Million Gap Looms Nvidia plans to share 15% of the revenue from sales of its H20 AI accelerator in China, according to a person familiar with the matter. AMD will deliver the same share from MI308 revenues, the person added, asking for anonymity to discuss internal deliberations. The arrangement reflects US President Donald Trump's consistent effort to engineer a financial payout for America in return for concessions on trade. His administration has shown a willingness to relax trade conditions like tariffs in return for giant investment in the US — as with Apple Inc.'s (AAPL) pledge to spend $600 billion on domestic manufacturing. But such a narrow, select export tax has little precedent in modern corporate history. Beijing, which has grown increasingly hostile to the idea of Chinese firms deploying the H20, is unlikely to warm to the idea of a chip tax. Yuyuantantian, a social media account affiliated with state-run China Central Television that regularly signals Beijing's thinking about trade, on Sunday slammed the chip's supposed security vulnerabilities and inefficiency. 'This seeming quid pro quo is unprecedented from an export control perspective. The arrangement risks invalidating the national security rationale for U.S. export controls,' said Jacob Feldgoise, a researcher at the DC-based Center for Security and Emerging Technology. It 'will likely undermine the US' position when negotiating with allies to implement complementary controls,' he added. 'Allies may not believe U.S. policymakers if they are willing to trade away those same national security concerns for economic concessions — either from U.S. companies or foreign governments.' An Nvidia spokesperson said the company follows US export rules, adding that while it hasn't shipped H20 chips to China for months, it hopes the rules will allow US companies to compete in China. AMD didn't immediately respond to a request for comment. The Financial Times earlier reported the development. It followed a separate report from the same outlet that the Commerce Department had begun issuing H20 licenses last week, days after Nvidia Chief Executive Officer Jensen Huang met with Trump. Huang has lobbied long and hard for the lifting of restrictions, arguing that walling China off will only slow the spread of American technology and encourage local rivals such as Huawei Technologies Co. 'It's a strategic bargaining chip' that tightens Washington's grip on a critical tech sphere during trade negotiations with China, said Hebe Chen, an analyst with Vantage Markets in Melbourne. 'Over time, this hurdle for chips entering China will likely deter Nvidia and AMD from deeper expansion in the world's largest chip-importing market, while giving local Chinese producers a clear edge to capture market share and accelerate domestic semiconductor innovation.' If Washington goes ahead with the tax, it should funnel some capital to the US — but not an enormous amount in relative terms. Both Nvidia and AMD have said it'll take time to ramp back up production of their China-specific products — even if order levels return to previous levels, which is uncertain. Nvidia raked in $4.6 billion of revenue from the H20 in the fiscal quarter ended April 27 — days after new restrictions on shipping the AI accelerator to China were imposed. It also said it had been unable to ship $2.5 billion of H20 China revenue in that period because of the new rules. That implies it would have got more than $7 billion in H20 sales to China during the period. If it can return to that level, the US government will stand to get about a billion dollars a quarter from its deal. AMD could generate $3 billion to $5 billion of 2025 revenue if restrictions were lifted, Morgan Stanley estimates. Chinese alternatives such as Huawei's Ascend chips now account for 20% to 30% of domestic demand, it reckoned. 'The US government clearly needs the money given its deficits and eagerness to collect tariffs,' said Vey-Sern Ling, managing director at Union Bancaire Privee in Singapore. 'But the complication is China's accusations about H20 chips containing backdoors, which could be a negotiation tactic to highlight that the country is not 'hard up' for US chips.' —With assistance from Debby Wu, Winnie Hsu, Jessica Sui, Wendy Benjaminson, Kevin Whitelaw, Shadab Nazmi and Yasufumi Saito. The Game Starts at 8. The Robbery Starts at 8:01 The Pizza Oven Startup With a Plan to Own Every Piece of the Pie Digital Nomads Are Transforming Medellín's Housing It's Only a Matter of Time Until Americans Pay for Trump's Tariffs Russia's Secret War and the Plot to Kill a German CEO ©2025 Bloomberg L.P. Sign up for the Yahoo Finance Morning Brief By subscribing, you are agreeing to Yahoo's Terms and Privacy Policy Sign in to access your portfolio
