OpenAI CEO’s Worldcoin Plans to Raise Up to $120 Million at a Valuation of $3 Billion

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Today’s Cryptocurrency Headline

Worldcoin, the eyeball-scanning crypto startup founded by OpenAI CEO Sam Altman, is seeking lead investors for its latest funding round. It is in talks with deep-pocketed investors, including sovereign wealth funds. It’s raising to $120 million at a valuation of $3 billion, according to one person with knowledge of the matter. The funding structure for this round will be equity plus token warrants.

BingX’s Bitcoin Chart

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Bitcoin is down 1.16% over the last 24 hours and fell to an intraday low of $21,459.48. The largest cryptocurrency extended recent declines on Friday, with prices falling below the $22,000 mark for the first time in several weeks. It appears that bears are gaining the upper hand in the short term, as the relative strength index (RSI) has declined into negative territory. Bulls are likely to defend the zone between $21,500 and the psychologically critical level of $20,000. If the price rebounds from here, it is possible that the BTC/USDT pair could gradually return to $24,255.

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