Iran says its small subs deployed to Strait of Hormuz as expert explains threat: ‘Vulnerable to detection’

Iran says it has deployed small submarines to act as “invisible guardians” of the Strait of Hormuz amid a series of rejected peace deals between Tehran and the United States. The deployment announcement comes as analysts say that while Iran’s Ghadir-class midget submarines could threaten the U.S. Navy, the ships’ limited range, firepower and endurance…

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Turnkey raises $12.5 million in round backed by Circle Ventures and Sequoia Capital

Turnkey has raised $12.5 million in a strategic investment round backed by Archetype, Circle Ventures and existing investors, bringing its total funding to more than $65 million. Bain Capital Crypto, Lightspeed Faction, Galaxy Ventures, Sequoia Capital and Variant are also involved. This funding follows Turnkey’s $30 million Series B round last year, led by Bain…

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Moscow is banning almost everyone from posting on social media about damage from Ukraine’s drone strikes

Moscow banned people from posting on social media about drone strikes in the capital. The restrictions apply to almost everyone, including government officials and emergency services. The measure comes as Ukraine steps up drone attacks on Moscow this month. Officials in Moscow are introducing a new ban on posts about the aftermath of drone strikes…

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Stablecoin-powered neobank Fasset raises $51 million to expand across emerging markets

Digital bank Fasset has raised $51 million to expand its stablecoin-powered banking platform, the latest sign that fintech companies are increasingly building financial services on blockchain rather than traditional payment networks. Investors in the Series B round include Japan’s SBI Group, Investcorp and Turkish asset manager Arz Portföy, the Los Angeles-based company said Thursday. The…

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BlackRock, Janus Henderson tokenized funds get instant redemptions with new $1 billion facility

The new liquidity network, backed by the likes of BlackRock (BLK) and Janus Henderson (JHG), aims to make the $15 billion tokenized treasury fund market work better than its traditional peers. Blockchain-based credit infrastructure specialist Grove on Thursday launched a facility designed to provide instant stablecoin liquidity to investors exiting tokenized real-world asset funds. The…

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