Delivery Hero confirmed it has received a proposed takeover bid from Uber, signaling potential consolidation in a sector grappling with thin margins and intensifying competition. The Financial Times previously reported Uber and DoorDash were engaging Delivery Hero investors ahead of any deal. A transaction could reshape market share across Europe, the Middle East, and Asia.
Source: Seeking Alpha
SEC greenlights Nasdaq Bitcoin index options; trading still awaits CFTC relief
The SEC approved Nasdaq’s plan to list European-style, cash-settled options tied to the Nasdaq Bitcoin Index on its Philadelphia exchange, broadening regulated tools for crypto exposure. Trading cannot begin until the CFTC grants exemptive relief, highlighting the dual-agency oversight for Bitcoin derivatives in the U.S. If launched, the contracts would offer institutions a cleaner index-based way to hedge and trade Bitcoin volatility.
Source: FinanceFeeds
Spot Bitcoin ETFs see biggest weekly outflows since January, shedding $1.26B
U.S. spot Bitcoin ETFs recorded six straight sessions of net outflows totaling about $1.26 billion, the heaviest weekly drain since late January, amid rising Treasury yields and a stronger dollar. Despite the setback, the 12 funds still hold roughly $99 billion in assets, with BlackRock’s IBIT remaining the category’s leader. The flow reversal underscores softer short-term demand just as other institutional bid channels have also cooled.
Source: FinanceFeeds
ECB rejects push to relax rules for euro stablecoin issuers
The European Central Bank pushed back against proposals to ease liquidity requirements or provide central bank access for euro stablecoin issuers, warning of bank-funding and monetary policy risks. Officials argued that rapid private euro-token growth could siphon deposits from banks and weaken rate transmission, signaling a tougher path to scale for euro stablecoins under MiCA.
Source: FinanceFeeds
Nvidia says its $200B CPU market projection includes China
Nvidia clarified that its $200 billion projection for the CPU market factors in China, a signal of how the chip giant is sizing opportunities amid AI infrastructure build-outs and global demand. The inclusion comes as export rules and supply chains remain in focus for semiconductor investors evaluating long-term growth assumptions.
Source: Seeking Alpha
Boeing cleared in $153M 737 MAX fraud case
A federal jury found Boeing not guilty in a $153 million fraud case related to the 737 MAX, removing a legal overhang as the company works through a broader quality and regulatory reset. While the verdict is a relief, operational turnaround and cash-flow recovery remain central investor debates.
Source: Seeking Alpha
Fenwick & West to pay $54M to settle FTX customer claims
Silicon Valley law firm Fenwick & West agreed to a $54 million settlement with FTX customers alleging the firm helped enable fraud, part of a second wave of class-action deals that also involves other defendants. Fenwick denies wrongdoing and still faces separate litigation in Washington, D.C.; the settlement requires court approval and is designed to avoid duplicating bankruptcy recoveries.
Source: FinanceFeeds
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Report: Uber and DoorDash engaged Delivery Hero investors on a bid