Sequoia unveils $950M in new early-stage funds as it strives to be ‘only as good as our next investment’

The legendary firm launched a $750 million early-stage fund targeting Series A startups and a $200 million seed fund.

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TechCrunch Disrupt 2025: Day 1

Today is the first day of TechCrunch Disrupt 2025! 10,000 founders, investors, and builders are flooding Moscone West for a nonstop run of ideas, demos, and deals. The energy is electric, the conversations are everywhere, and the breakthroughs are only just beginning. Don’t miss out. Register here or head straight to Moscone West to join.

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3 Years of Web Hosting and 99.9% Uptime for Just $100

This reliable, affordable web hosting plan from IONOS offers impressive features perfect for businesses of all sizes.
The post 3 Years of Web Hosting and 99.9% Uptime for Just $100 appeared first on TechRepublic.

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Israeli intelligence vets raise $20M to track developer buying signals

Onfire, a vertical AI platform for IT revenue teams, is coming out of stealth with $20 million in funding, including a $14 million Series A co-led by Grove Ventures and TLV Partners.

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Trump’s trade deals, Novartis acquires Avidity, Taco Bell’s beverage push and more in Morning Squawk

Here are five key things investors need to know to start the trading day.

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Tesla risks losing CEO Musk if $1 trillion pay package isn’t approved, board chair says

Tesla Board Chair Robyn Denholm said Elon Musk is key to the future of the EV maker as it focuses more on Full Self Driving and Optimus.

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UK Chancellor Sets Out Strategy to Boost Financial Innovation

Chancellor Rachel Reeves unveiled a new Scale-up Unit aimed at giving bespoke support to rapidly growing banks, insurers, and fintech firms.
The post UK Chancellor Sets Out Strategy to Boost Financial Innovation appeared first on TechRepublic.

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OpenAI Buys Mac AI Interface Builder Software Applications Incorporated

OpenAI’s acquisition of the company — renowned for developing Sky — advances its mission to integrate AI into people’s daily lives.
The post OpenAI Buys Mac AI Interface Builder Software Applications Incorporated appeared first on TechRepublic.

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Congress summons NBA Commissioner Adam Silver over massive gambling scandal

The Commissioner of the National Basketball Association (NBA), Adam Silver, has been asked by the US Congress to provide a briefing concerning the recent gambling scandal that has rocked the sporting world.
In a letter directed to the current commissioner and seen by ReadWrite, the request was made for his response no later than October 31, 2025, concerning the FBI investigation into rigged poker games, match and player abuse of NBA betting regulations, and accusations of wire fraud.
NBA Commissioner Silver asked to present to Congress on the gambling scandal
As we reported, as part of a thirty-one-person sting, Miami Heat guard Terry Rozier, Portland Trail Blazers coach Chauncey Billups, and former NBA star Damon Jones were arrested.
The charges laid against the three “range from wire fraud, money laundering, extortion, robbery, and illegal gambling. This FBI will leave no room for any perpetrating of crime across this country,” said FBI Director Kash Patel as part of the press announcement.
Rozier and Billups were subsequently suspended as part of an official correspondence, but as of yet, there has been no line from Silver on the request from Congress.

The following has been released by the NBA. pic.twitter.com/vJ4bL2JwiC
— NBA Communications (@NBAPR) October 23, 2025

Congress requests Silver to report on five key areas
Commissioner Silver was specifically asked to address five key questions in the letter from Congress, including:

Details about the fraudulent, illegal, and alleged betting practices in connection with NBA players, coaches, and officials, including the actions of NBA players and coaches identified in the recent indictment, as well as prior instances
Actions the NBA intends to take to limit the disclosure of non-public information for illegal purposes
Whether the NBA’s Code of Conduct for players and coaches effectively prohibits illegal activity, including the disclosure of non-public information for the purposes of illegal betting schemes
An explanation of the gaps, if any, in existing regulations that allow illegal betting schemes to occur
Whether and how the NBA is re-evaluating the terms of its partnerships with sports betting companies.

Silver’s appearance on the Pat McAfee show was specifically mentioned by Congress, highlighting a point he made in regards to “two-way” player contracts.

On two-way players, Silver admitted they could be at risk of manipulation, saying “We’ve asked some of our partners to pull back some of the prop bets, especially when they’re on two-way players, guys who don’t have the same stake in the competition where, you know, it’s it’s too easy to manipulate something which seems otherwise small and inconsequential to the overall score.”
Congress touched on previous breaches, saying “Illegal sports betting based on non-public information in the NBA is not a new problem,” referring to Porter pleading guilty to wire fraud for his fraudulent actions in multiple NBA games under the FBI microscope.
Silver also stated as part of the interview that he would like to see a federal remit on some betting lines, saying, “We (The NBA) accept betting is legal in roughly 35 states now in the United States. I think probably there should be more regulation. Frankly, it may be surprising to hear from me. I wish there was federal legislation rather than state by state.”
In closing, the letter has instructed Commissioner Silver to give his briefing for the end of October, which will set out the stall for betting breaches and action the five points Congress has asked him to cover.
Featured image: Jen Pottheiser/Wikimedia
The post Congress summons NBA Commissioner Adam Silver over massive gambling scandal appeared first on ReadWrite.

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Crypto.com to freeze sports event contracts in Nevada

Crypto.com has suffered a significant defeat in the state of Nevada and will begin the process of freezing its sports events contracts.
The news comes as part of a lengthy legal battle between Sin City regulators and the predictions provider, which has, alongside other companies offering similar services, dominated betting headlines.
Crypto.com to stop offering sports event contracts in Nevada
As we reported, there is an established sports betting regulator in Nevada that has argued with state courts about the behavior and services of prediction providers.
Crypto.com and companies like Kalshi have argued that they fall under federal approval and existing legislation like the Commodity Exchange Act (CEA), against the pressure from state regulations.
The Commodity Futures Trading Commission (CFTC) has approved prediction providers to operate within a tight spectrum, but this is now the subject of court action in multiple states.
The green light from the CFTC led to predictions providers snapping up partnerships with federally approved entities, like Polymarket’s return to the US after cutting a deal with CFTC-approved clearing house QCX LLC.
Then the big betting companies took interest, and in the case of Crypto.com, they took a deal with Underdog to provide markets across sixteen states.
Crypto.com’s right to offer contracts frozen
This has now been successfully challenged by Nevada’s betting regulators in part, as reported on social media by The Nevada Independent’s Howard Stutz and legal expert Daniel Wallach.

Nevada scored a win against prediction markets. @NevadaGCB said that https://t.co/tBEHWxSgju, which was denied a preliminary injunction by the federal judge in a cease-and-desist lawsuit, will not offer sports event contracts in Nevada until the case is resolved.@TheNVIndy pic.twitter.com/t2YmTA5SGk
— Howard Stutz (@howardstutz) October 24, 2025

What this means for Crypto.com is that their attempts to persuade Judge Andrew P Gordon have gone unheard, and even though the company seeks to appeal that decision, they will no longer be able to offer event contracts until this is resolved.
Stutz shared the news that “after November 3, 2025, and until the resolution of its appeal, Crypto.com will not be offering sports event contracts to Nevada residents. That means Crypto.com will no longer hold open positions in sports event contracts for Nevada residents and will not permit new contracts to be opened.”
Predictions providers in the state will be bracing for a slew of other submissions against their right to operate in the middle of existing court action.
Further to this, the court decision was stern, saying sports events contracts can only be “conducted in Nevada only if the offering entity possesses a nonrestricted gaming license with sports pool approval in Nevada and meets the other requirements for sports wagering including, without limitation, wagering accounts and sports book systems.
Featured image: Canva / Crypto.com
The post Crypto.com to freeze sports event contracts in Nevada appeared first on ReadWrite.

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