🤑Figma Eyes $16 Billion IPO

🌞Good morning. It's Tuesday, Jul. 22, and we're covering, Figma Eyes $16 Billion Valuation In Upcoming IPO, Google And OpenAI Win Gold At Global Math Olympiad, Marking AI Milestone, Trump Administration Releases Martin Luther King Jr. Assassination Files, and much more. First time reading? Sign up to get this newsletter: Sign up here. 

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MARKETS

Cryptocurrency Prices by Market Cap

• The global cryptocurrency market cap today is $3.9 Trillion, a 0.92% decrease in the last 24 hours.

• The total crypto market volume over the last 24 hours is $219.38B, which makes a 15.70% increase.

• The total volume in Defi is currently $52.37B, 23.87% of the total crypto market 24-hours.

• The volume of all stablecoins is now $208.21B, which is 94.91% of the total market 24-hour volume.

• Bitcoin’s dominance is currently 60.06%, an increase of 0.16% over the day.

Trump Media Stock Rises After $2B Bitcoin Buy In Treasury Strategy

Trump Media’s stock rose 3% after the company disclosed a $2 billion bitcoin purchase, making crypto two-thirds of its total assets. The move follows a previously announced plan to adopt a “bitcoin treasury” strategy, mirroring MicroStrategy’s approach. CEO Devin Nunes says the assets will promote “financial freedom” and support Trump’s broader crypto ecosystem—including a new stablecoin. ( Read Deeper )

BUSINESS & FINANCE

Figma Eyes $16 Billion Valuation In Upcoming IPO

Design software company Figma has filed an updated IPO prospectus, targeting a valuation between $14.6 billion and $16.4 billion. It plans to sell 37 million shares priced between $25 and $28, potentially raising $1 billion. Co-founder Dylan Field could net nearly $66 million from the offering. The move follows Figma's failed $20B acquisition by Adobe, which was blocked by regulators in 2023.

Why It Matters: Figma’s IPO marks a significant return of high-profile tech listings after a two-year slowdown. With strong revenue growth (up to 41% YoY) and improving margins, the offering could test investor appetite for design and productivity software in a post-pandemic tech environment. (Read Deeper)

JPMorgan Could Let You Borrow Against Your Bitcoin In 2026

JPMorgan Chase is considering allowing clients to take out loans using their crypto holdings as collateral—despite CEO Jamie Dimon’s long-standing bitcoin skepticism. The decision follows other big banks' moves toward stablecoin development as U.S. lawmakers soften their stance on digital assets.

Why It Matters: Wall Street giants are increasingly aligning with crypto markets, not necessarily out of belief—but because of market opportunity. The pivot also reflects how regulatory clarity is opening new doors in traditional finance. ( Read Deeper )

TECHNOLOGY & SCIENCE

Google And OpenAI Win Gold At Global Math Olympiad, Marking AI Milestone

For the first time ever, AI models from Google and OpenAI have won gold medals at the International Mathematical Olympiad (IMO)—a competition traditionally dominated by the world’s brightest high school students. Both companies’ general-purpose reasoning models solved five out of six problems using natural language, signaling a major leap in mathematical problem-solving.

Why It Matters: This is a landmark achievement in AI’s progression toward general intelligence. The ability to solve complex math problems using natural language not formal code—suggests AI may soon assist in cutting-edge research across fields like physics and theoretical math. It also shows how powerful models, when paired with massive compute, can now rival elite human reasoning. (Read Deeper)

YouTube Removes Nearly 11,000 Propaganda Channels Tied To China, Russia

Google has removed close to 11,000 YouTube channels and accounts linked to state-sponsored propaganda campaigns, with over 7,700 connected to China and 2,000 to Russia. The content praised governments in Beijing and Moscow while attacking U.S. foreign policy, Ukraine, and NATO. Smaller operations tied to Iran, Israel, Turkey, and others were also dismantled.

Why It Matters: This is one of the largest coordinated takedowns of global disinformation networks in 2024, revealing how YouTube remains a key battleground for influence campaigns ahead of the U.S. election. The inclusion of prominent influencers adds fuel to debates over political manipulation online. ( Read Deeper)

AROUND DE WORLD & POLITICS

Trump Administration Releases Martin Luther King Jr. Assassination Files

The Trump administration has declassified over 230,000 pages of long-sealed records related to the 1968 assassination of Martin Luther King Jr., including FBI surveillance files and internal CIA documents. The files, previously withheld by court order since 1977, detail the federal government’s covert campaign against King during his lifetime. While some family members welcomed the transparency, others condemned the move, fearing it could be used to undermine King’s legacy.

Why It Matters: This release offers unprecedented access to the federal government’s surveillance and disinformation efforts against one of America's most revered civil rights leaders. It raises renewed questions about the official account of King's death and the government’s treatment of Black activists. (Read Deeper)

Bangladesh Air Force Jet Crashes Into School, Killing 27 And Injuring 88

A Bangladesh Air Force F-7 BGI training jet crashed into a school and college campus in Dhaka on Monday, killing at least 27 people and injuring 88 others—many of them children. The jet experienced mechanical failure shortly after takeoff from Kurmitola airbase. The government has declared a national day of mourning, and an investigation is underway.

Takeaways: This is one of the deadliest military aviation disasters in Bangladesh's history, raising urgent questions about aircraft maintenance and training safety protocols. It also follows closely on the heels of a major crash in India, adding to regional concerns over aviation safety. (Read Deeper)

ENTERTAINMENT & SPORTS

Cosby Show Star Malcolm-Jamal Warner Dies At 54 In Drowning Accident

Malcolm-Jamal Warner, best known for his iconic role as Theo Huxtable on The Cosby Show, has died at age 54 after drowning while on vacation in Costa Rica. Authorities confirmed he was pulled out to sea by a rip current and was declared dead at the scene. Tributes have poured in from the NAACP, Fox Entertainment, and fans, honoring Warner’s lasting impact on TV and music. (Read Deeper)

Chelsea In Talks For €70M-Rated Xavi Simons Amid Premier League Interest

Chelsea are holding fresh talks with Xavi Simons' camp as they push to sign the 22-year-old Dutch midfielder from RB Leipzig. Simons—formerly of PSG—has attracted strong interest from Premier League rivals Arsenal and Tottenham. Leipzig are reportedly open to selling if they receive a package worth at least €70 million, with Chelsea aiming to negotiate that figure down. (Read Deeper)

PODCAST(WHAT WE ARE LISTENING TO)

• Can Worldcoin Fix The Internet’s 99% Bot Problem?. (Listen)

EXTRA BREVITI

• Tesla has officially launched its long-hyped retro-futuristic Diner & Drive-In at 4:20 p.m. on Monday in Hollywood. (Read More)

• UK Signs Strategic AI Partnership with OpenAI to Boost National Innovation. (Read More)

• MicroStrategy Launches New $500M Preferred Stock Offering to Buy More Bitcoin (Read More)

• UK and 27 Nations Condemn Israel Over Civilian Deaths in Gaza. (Read More)