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  • Trump crypto coin WLFI sells $11M in initial offering, short of $300M goal

Oct 16, 2024

Trump crypto coin WLFI sells $11M in initial offering, short of $300M goal

Bay Area Times
Bay Area Times

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Top stories today:

  1. Trump crypto coin WLFI sells $11M in initial offering, short of $300M goal
  2. New iPad mini with A17 Pro chip, Apple Intelligence support introduced
  3. Android 15 for Pixel devices released by Google
  4. X garners $200M in in-app purchases since subscription tier launch
  5. Reflection 70B leader blames developer, accepts some responsibility

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0. Data and calendar

All values as of 6 AM ET / 3 AM PT, other than S&P500 and NASDAQ close (4 PM ET / 1 PM PT).

All times are ET.

1. Trump crypto coin WLFI sells $11M in initial offering, short of $300M goal

World Liberty Financial.

  • $1.5B implied total market cap.

  • 8K holders according to blockchain data, out of 100K who reportedly signed up.

  • ā€œEarn and borrow crypto,ā€ reads its website. Details of the project are largely TBD.

  • Donald Trump is described as a ā€œchief crypto advocate,ā€ his sons Eric and Don Jr. ā€œweb 3 ambassadorsā€, and Barron a ā€œDeFi visionary.ā€

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3. New iPad mini with A17 Pro chip, Apple Intelligence support introduced

Apple.

  • $499 (Wi-Fi only) or $649 (Wi-Fi + Cellular) starting price.

  • 128GB, 256GB, and 512GB storage options available.

  • Oct. 23 availability.

  • +30% CPU and +25% GPU performance over the last iPad mini (A15 Bionic chip powered).

  • Wi-Fi 6E and faster USB-C data transfer.

  • Upgraded 12MP wide rear camera.

Apple hit a record $3.6T market cap

Apple’s stock rose as much as 3% to $237.49 on Tue., crossing its previous all-time high of $234.82 on Jul. 16, before closing +1% at $233.85:

Bloomberg.

  • +38% for Apple’s stock over the past 6 months, 2x+ the Nasdaq’s 15% gain.

  • ā€œMulti-year cycle ahead in iPhone,ā€ Melius Research wrote.

4. Android 15 for Pixel devices released by Google

Android 15 brings a private space to keep sensitive apps locked and hidden:

Google.

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