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Don’t miss CoinDesk’s Consensus 2022, the must-attend crypto & blockchain festival experience of the year in Austin, TX this June 9-12. Hong Kong-listed software firm Meitu (1357) likely lost RMB 274.9 million to RMB 349.9 million ($41.1 million to $52.3 million) in the first half of 2022, mostly due to a fall in the value of its crypto holdings. The firm’s losses almost doubled, a 99.6% to 154.1% increase, compared to the same period last year, it said in a filing with the Hong Kong Stock… Source link

Vauld, a Singapore-headquartered crypto lending and exchange startup, has suspended withdrawals, trading and deposits on its eponymous platform with immediate effect as it navigates “financial challenges,” it said Monday. The startup — which counts Peter Thiel-backed Valar Ventures, Coinbase Ventures and Pantera Capital among its backers and has raised about $27 million — said it is facing financial challenges amid the market downturn and has seen customer withdrawals of about $198 million… Source link

It was a tough night for the challengers at UFC 276, because no one was able to force a belt to change hands on Saturday’s card at T-Mobile Arena in Las Vegas. In the main event, Jared Cannonier (15-6 MMA, 8-6 UFC) struggled to find any meaningful offense against Israel Adesanya (23-1 MMA, 12-1 UFC), lost a unanimous decision and was unable to fulfill his goal of claiming the middleweight championship. The co-headliner, meanwhile, saw Max Holloway (23-7 MMA, 19-7 UFC) fall to 0-3 in his… Source link

(ALSO SEE: Mick Maynard’s Shoes: What’s next for Max Holloway, Jared Cannonier after UFC 276 losses?) Teammates Israel Adesanya and Alexander Volkanovski picked up dominant title defenses on Saturday at UFC 276, and they are looking largely unstoppable in their respective divisions. Adesanya (23-1 MMA, 12-1 UFC) cruised to a lopsided unanimous decision over Jared Cannonier (15-6 MMA, 8-6 UFC) in the main event at T-Mobile Arena in Las Vegas, while Volkanovski (25-1 MMA, 12-0 UFC) made it Source link

LAS VEGAS – Urijah Faber is “super disappointed” about the way Josh Emmett was treated at UFC 276 on Saturday. Emmett (18-2 MMA, 9-2 UFC), who has a strong case to be the next challenger to Alexander Volkanovski’s featherweight title, traveled to Las Vegas so he could witness the trilogy fight with Max Holloway at T-Mobile Arena. Faber is Emmett’s coach at Team Alpha Male and also is engrained with VaynerSports, which also serves as Emmett’s management team. The expectation was… Source link

(Bloomberg) — Some of Asia’s biggest stock and bond markets outside China are seeing greater outflows than in previous market crises, and the process may just be getting underway. Most Read from Bloomberg Global funds offloaded a net $40 billion of equities across seven regional markets last quarter, exceeding any three-month period characterized by systemic stresses since 2007. The steepest selling was in tech-heavy Taiwan and South Korea and energy-importing India, while foreign investors… Source link

The housing market has rapidly changed. Sellers, once in the driver’s seat at the start of the year, are much more accommodating to complete a home sale as borrowing costs skyrocket for buyers. A growing number of home sellers have been forced to readjust their home prices in recent weeks. According to Redfin, an estimated 6.1% of homes for sale during the four weeks leading to June 19, asked for a price drop – a record high as far back as the data goes, through the start of 2015. That… Source link

TopGolf is to driving ranges what Pizza Planet was to pizza shops, except non-fictional. The sport of golf saw tremendous growth during the height of the pandemic drove sportspeople towards socially-distanced outdoor activities. Now, during an inflationary reality for consumers, TopGolf looks to weather a cost-conscious visitor — while replicating its driving range formula at new geographic locations. “We’re really looking everywhere globally,” TopGolf CEO Artie Starrs told Yahoo Finance… Source link

Food delivery giant DoorDash is doubling down on its global ambitions, even as the delivery space faces steep declines from its pandemic highs. In an interview with Yahoo Finance at the Collision Conference, Co-Founder and CTO Andy Fang explained what the company’s recent $3.5 billion acquisition of Finnish delivery company Wolt meant for them down the road. “With the partnership with Wolt, I think we’re going to be able to fast forward those ambitions,” Fang said, adding: “People ask us,… Source link

The wedding business is booming. After the pandemic forced couples to postpone walking down the aisle, weddings are ‘through the roof this year,’ according to Zola CEO Shan-Lyn Ma. “We have one of the busiest wedding years since the 1980s,” Ma told Yahoo Finance (video above). “Guests are excited to go to weddings again, and they are invited to more than ever before.” A report by The Knot estimates the number of weddings will hit 2.6 million this year, up from 2.2 million in… Source link