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  • 🗿 Is Money Actually Growing on Trees?

🗿 Is Money Actually Growing on Trees?

Big funding rounds with a capital B

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GM. Shohei’s translator was making 25 bets a day with other people’s money for years, and $100m+ funding rounds seem to be falling from the sky. Is everyone getting free money these days?

☕ *knuckle cracks* ☕ Let’s get into it.

Today’s specials:

  • No Fomo News 📰: Adobe’s Firefly Was Trained on Midjourney Images

  • You Raised? 💰: Big, Big Money 

  • This IS Financial Advice 🤑: Don’t Lose $40m Sports Betting

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No Fomo News 📰


  • Adobe’s ‘Ethical’ Firefly AI Was Trained on Midjourney Images (Bloomberg)

  • Apple plans Mac line overhaul with AI-focused M4 chips (Reuters)

  • OpenAI and Meta ready new AI models capable of ‘reasoning’ (FT)


  • These two crypto-integrated handhelds are aiming to make Web3 gaming happen (PCGamer)

  • Fraud victims want China to recover $4.3B worth of Bitcoin seized by UK police (CT)


  • U.S. consumers will finally see FCC-mandated ‘nutrition labels’ for most broadband plans (TheVerge)

  • Apple loses bid to throw out UK lawsuit over App Store fees (Reuters)

You Raised? 💰

Quality over quantity. Not highest number of funding rounds in the past couple of weeks, but the rounds we have are Big with a capital B. 

Here are the highlights:

  • Crypto’s Berachain Says Funding Round Increases to $100 Million

  • Blockchain Developer Monad Labs Raises $225M Led by Paradigm

  • Elon Musk's xAI said to be in talks to raise $3B in funding at a $18B valuation

  • Collaborative Robotics snaps $100M funding to advance human-robot collaboration

  • Paris-based hydrogen taxi rental startup HysetCo zips €200M to expand in Europe 

This IS Financial Advice 🤑

Speaking of big money, more details have emerged about Shohei Ohtani’s translator who has been accused of stealing money to cover gambling debts. 

Ippei Mizuhara (left) has been officially charged with bank fraud described as the theft of more than $16 million. He allegedly stole from Shohei’s bank account to support his gambling addiction. Ippei had previously admitted to stealing a few million, but $16 is more than 4x what he admitted to. 

But that’s not all. 

The accusation says that records of Ippei’s wagers “reflect total winning bets of $142,256,769.74, and total losing bets of $182,935,206.68.” So in total, he is alleged to have lost more than $40 million. $40 million!

He allegedly placed 19,000 bets between 2021 and 2024, for an average of 25 bets per day with an average amount of just under $13k each bet. 

Now that he has officially been charged, we can’t wait to see more details come out of this story. What did he bet on? Where were the biggest losers? How did this go on for so long?? 

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