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Memecoins have seen some of the biggest gains in the postelection crypto rally, but market leadership could soon flip to more "serious" tokens. "We don't expect the rally to resemble the '17 or '21 bull markets and would fade the rally for 99% of tokens in circulation with no intrinsic value," Shah said in a note this week. "We expect token prices to diverge in the near term as BTC and cash flow-generating tokens that power networks outperform meme tokens." "These tokens power blockchain operating systems, similar to Microsoft Windows, that enable developers to build applications like decentralized exchanges and Web3 platforms on top of them, creating networks with value." Avalanche's AVAX token has gained 36%, and the tokens tied to Uniswap and Polygon have gained 23% and 25%, respectively.
Persons: Memecoins, Donald Trump, Alkesh Shah, Shah, Avalanche's, Memecoin Shiba Inu, Elon Musk, Trump, ", bitcoin, , Ethereum, It's, it's, — CNBC's Michael Bloom Organizations: Bank of America, BTC, Microsoft Windows, Uniswap, Elon, Government, Securities and Exchange Commission, SEC, Solana Locations: AVAX, Ethereum
Local fans of the NBA's Denver Nuggets and the NHL's Colorado Avalanche will have some new ways to watch their teams' games this season. Beginning this season, there will be 20 Nuggets and 20 Avalanche games on Tegna's free local over-the-air broadcasts, 9NEWS and My20. The platform will give fans in the Denver media market access to all Avalanche and Nuggets games for $19.95 a month. Stars games will be available on streaming service Victory+ this season, and the local Ducks games will be available via Victory+ and a local over-the-air broadcast. These pay TV contracts help support the billions of dollars in fees that the networks pay professional sports leagues to air their games.
Persons: Nikola Jokic, Bones Hyland, Norman Powell, Stan Kroenke's, Tegna, It's, Steve Smith, Gray Organizations: Denver Nuggets, Los Angeles Clippers, Crypto.com Arena, NHL's Colorado Avalanche, Kroenke Sports, Entertainment, Denver's NBA, NHL, Avalanche, Nuggets, NBA, New Jersey Devils, Buffalo Sabres, Sports, DirecTV, Fubo, Communications, Comcast, Dish, Entertainment's KSE Media Ventures, CNBC, Bally Sports, Diamond Sports, Dallas Stars, Anaheim Ducks, Ducks, Dallas Mavericks, New Orleans Pelicans, Tegna, Pelicans, Mavericks, YES, New York Yankees, MSG Networks, New York Knicks, NHL's New York Rangers Locations: Los Angeles, Denver, Prague, North America, NBCUniversal
[1/3] Oct 21, 2023; Denver, Colorado, USA; Carolina Hurricanes Callahan Burke (68) chases down the puck as Colorado Avalanche center Andrew Cogliano (11) comes in on the play in the first period at Ball Arena. The Hurricanes took the early lead when Kotkaniemi beat Georgiev in front of the net at 16:09 of the first period. It was his second goal of the season. It was O'Connor's third of the season and tied Joe Sakic for the most consecutive games with a short-handed goal in Avalanche history. Lehkonen scored his second goal 1:49 later, MacKinnon got his third soon after and Rantanen's fourth of the season at 19:35 of the period made it 6-3.
Persons: Carolina Hurricanes Callahan Burke, Andrew Cogliano, John Leyba, Artturi Lehkonen, Logan O'Connor, Nathan MacKinnon, Ryan Johansen, Mikko Rantanen, Fredrik Olofsson, Alexandar Georgiev, Jesperi, Jaccob Slavin, Brent Burns, Michael Bunting, Stefan Noesen, Pyotr Kochetkov, Sebastian Aho, Frederik Andersen, Kotkaniemi, Georgiev, MacKinnon, Johansen, O'Connor, Joe Sakic, Burns, Bunting, Olofsson, Lehkonen Organizations: Carolina Hurricanes, Colorado Avalanche, Ball, Hurricanes, Avalanche, Colorado, Thomson Locations: Denver , Colorado, USA, Denver, Colorado, Carolina
Edtech venture capital funding in 2023 may be on pace for its lowest annual total since 2016. The one exception to this edtech funding dropoff is in AI tools for education and upskilling. This puts the estimated total funding for 2023 at only $3.5 billion, the lowest annual total since 2016, according to HolonIQ. Additionally, there has not been a single edtech "mega round," or a startup funding round valued at over $100 million since 2022, with the exception of the Indian edtech unicorn Byju's $250 million fundraise this spring. Pujji and Mushin also indicated that AI edtech deals were the exception in this slowdown period.
Persons: VCs, It's, Vinny Pujji, Iynna Halilou, Leeor Mushin, Avalanche's Katelyn Donnelly, Mushin, they've, Chegg's, Cheggmate, Khan, Pujji Organizations: Left Lane Capital, Global, Bloomberg, Investors
The number of new funding deals so far this year is less than last year's Q1 total. The trend is in line with the larger VC funding slowdown in 2023, with the exception of AI deals. That's more than a 50% drop in the number of deals and total deal value from Q1 2022, which had 161 edtech venture deals totaling about $1.3 billion. Reach Capital recently raised a $215 million fund to fund both early and later stage edtech startups. Amid dismal funding for startups this year, the one bright spot has been for AI startups with some generative AI startups raising rounds well over $100 million.
Persons: That's, Katelyn Donnelly, Andressen Horowitz, Kira, Avalanche's Donnelly, there's, Donnelly, Sosnik Organizations: edtech, Reach Locations: edtech
NHL roundup: Knights wrap up West's No. 1 seed
  + stars: | 2023-04-14 | by ( ) www.reuters.com   time to read: +12 min
Reilly Smith, Alec Martinez and Chandler Stephenson scored for the Golden Knights (51-22-9, 111 points), who closed the regular season with an eight-game points streak (5-0-3). Liam O'Brien led the Coyotes with a pair of goals and Nick Schmaltz and added a goal and an assist. The Stars, who are looking to win a division title for the first time since the 2015-16 campaign, are atop the division. The Bruins set NHL records for most wins and most points in a single season. Tage Thompson scored his 47th goal of the season for Buffalo, which improved to 8-2-1 over its last 11 games.
It just completed a $18 million fundraising round at a $300 million valuation. Here's the pitch deck it used to woo investors at a tricky moment for the creator industry. The company announced on Tuesday that it raised $18 million in a fundraising round that valued the company at $300 million, adding to last year's $10 million Series A round. The company plans to spend its new cash pile on engineering resources, product development, and growing its sales operation, Mason said. Pearpop shared with Insider the 19-page pitch deck it used to raise its $18 million round.
It just completed a $18 million fundraising round at a $300 million valuation. Here's the pitch deck it used to woo investors at a tricky moment for the creator industry. The company announced on Tuesday that it raised $18 million in a fundraising round that valued the company at $300 million, adding to last year's $10 million Series A round. The company plans to spend its new cash pile on engineering resources, product development, and growing its sales operation, Mason said. Pearpop shared with Insider the 19-page pitch deck it used to raise its $18 million round.
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