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The linkup between GoHenry and Acorns is destined as both companies have been working together for some time already.

American financial technology and financial services firm Acorns has revealed it has acquired GoHenry, a teen-based investing application with a diversified user base. As reported by CNBC, the acquisition is the first of its kind for Acorns which is set to use the new acquisition to expand into Europe, in line with its global expansion strategy.
The financial cost of the deal was not revealed, however, the company’s co-founder and Chief Executive Officer, Noah Kerner noted that the terms of the acquisition are beneficial for GoHenry and its investors. The staff of the company will also roll over their stakes into the new Acorns world.

The Acorns outfit encourages value investing by permitting its users to invest their spare scare in assets like index funds. The company’s offerings will complement that of GoHenry whose primary goal is to instill financial education tenets in children aged 6 to 18. By its core operational model, the startup offers a spending card for kids and links it to a cash management application.
Typically, the application is managed by the parents who can limit spending among other functions. The GoHenry revenue generation model is hinged on charging for monthly subscriptions from parents, a model that also mimics the monthly subscription being charged by Acorns.
The linkup between GoHenry and Acorns is destined as both companies have been working together for quite some time.
“We pioneered the kids and teens with GoHenry, and Acorns very much pioneered investing and saving and bringing mental wellness to the up and coming, to everyday America,” said Louise Hill, co-founder, and chief operating officer of GoHenry, adding, “But both of us had ambitions to stretch beyond that in terms of customer demographics, so that we could start to serve people throughout their lifecycle, through all life stages.”
Acorns Acquisition of GoHenry, Not a Deal Born in a Hurry
According to the details shared by Kerner, neither the timing nor the acquisition deal was driven by the negative changes we’re seeing in the market today. He noted that the company looked at hundreds of deals before finally settling for GoHenry, a process that spanned several months.
The company said that as far back as 2020, it pioneered the launch of Acorns Early — an investment account for kids, pitching GeHenry as a viable option among the pack.
According to the plans being nurtured by Acorns, the name of the newly acquired firm will be changed to GoHenry by Acorns in the United States, while in the United Kingdom, it will be named as GoHenry. The startup will maintain the identity of its subsidiary PixPay in both Spain and France respectively.
With the financials not revealed, it is hard to tell what the Acorns valuation is as it was last valued at $1.9 billion following a $300 million fundraise last year. The firm’s plans to go public through a Special Purpose Acquisition Company (SPAC) were scrapped as a result of market conditions.

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Benjamin Godfrey is a blockchain enthusiast and journalists who relish writing about the real life applications of blockchain technology and innovations to drive general acceptance and worldwide integration of the emerging technology. His desires to educate people about cryptocurrencies inspires his contributions to renowned blockchain based media and sites. Benjamin Godfrey is a lover of sports and agriculture.

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A new deal sees the WWE and UFC merge under the same umbrella for all-round combat sports offerings subject to regulatory approval.

The World Wrestling Entertainment (WWE) has agreed to merge with the Ultimate Fighting Championship (UFC) to form a publicly-traded combat sports company. According to reports, the new company will be run by a talent and media holding company and UFC parent Endeavor Group Holdings.
The WWE deal comes months after news first emerged that the popular wrestling promotion sought a buyer. The Vince McMahon-controlled company has a current market value of $6.79 billion, although the deal valued the wrestling promotion at $9.3 billion.

The deal is expected to close near the end of the year and is subject to regulatory approval.
Details of Merger
The WWE-UFC merger would see Endeavor Group CEO Ari Emanuel preside over the combined company as chief executive. Emanuel will also retain his CEO position at the original Endeavor Talent Agency/William Morris Agency-merged company. Meanwhile, WWE’s McMahon will serve as executive chairman of the wrestling promotion, while current UFC president Dana White will also remain in that role. Furthermore, Endeavor president and chief operating officer Mark Shapiro will function as executive chairman of the new company. Lastly, WWE CEO Nick Khan will retain his position as president.
Pursuant to the deal, the merger will comprise 11 people, with six appointed by Endeavor and five by WWE. Although the new company’s name will be announced later, the merger will reportedly trade under the stock ticker TKO.
Endeavor Group will take a 51% controlling stake in the combined company, with the remaining 49% going to WWE’s shareholders.
WWE shares fell in premarket trading following the deal’s announcement, while Endeavor’s shares climbed.
The WWE decision to merge with the UFC comes a day after the wrestling promotion concluded its annual WrestleMania. The premier 2-day, pay-per-view event was a spectacle that drew tens of thousands of ardent fans to Los Angeles’ SoFi Stadium. While WrestleMania was ongoing, bankers and executives from both sides of the merger were applying the deal’s finishing touches.
The newly-merged combat sports company is worth more than $21 billion, with stakeholders expecting that it would rise further. According to inside sources, the value of rights for live events such as wrestling and MMA will continue to appreciate. As Shapiro put it:
“Must-watch TV is a rarity these days. And unicorns like the UFC and WWE will be heavily in demand.”
WWE & UFC Merge to Offer All-Inclusive Scripted & Real Competitive Fights
By merging WWE with the UFC, Endeavor gains control of two of the biggest combat sports promotions with strategically esoteric offerings. With the UFC, the holding company appeals to fans who crave authentic, brutal, spontaneous, and unscripted mixed martial arts bouts. However, acquiring WWE also allows Endeavor to offer scripted and dramatic competitive fighting to fans who crave such.
It is also worth noting that there are already crossover athletes between both combat promotions. For example, current WWE superstars Brock Lesnar and Ronda Rousey also previously competed under the UFC banner. The duo were one-time UFC champions in their respective weight classes and have also held WWE championships numerous times.
Read other business news on Coinspeaker.

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Tolu is a cryptocurrency and blockchain enthusiast based in Lagos. He likes to demystify crypto stories to the bare basics so that anyone anywhere can understand without too much background knowledge.
When he’s not neck-deep in crypto stories, Tolu enjoys music, loves to sing and is an avid movie lover.

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The PancakeSwap DEX Version 3 also looks to introduce a “VIP” trading rewards program and a position manager feature down the stretch. 

PancakeSwap DEX has launched Version 3 on Ethereum and BNB Chain, offering improved performance and lower fees. According to reports, Version 3 introduces four different trading fee tiers of the cheapest on-chain trading fees among the decentralized exchange’s contemporaries. Notable counterparts, in this case, include Uniswap and SushiSwap.
PancakeSwap’s touted trading fee tiers are 0.01%, 0.05%, 0.25%, and 1%. These fee tiers compare favorably with the DEX’s previous Version 2 single level of 0.25%.

According to developers, the PancakeSwap DEX Version 3 also offers increased returns for liquidity providers. This implies that liquidity providers can efficiently allocate capital on specific price intervals with enhanced capital efficiency. The exchange’s developers can reap higher fee earnings from the same deposit amounts by allocating capital on smaller price ranges.
PancakeSwap DEX Version 3 to Balance between Low-Fee Traders with High Liquidity.
The latest version of PancakeSwap’s automated market maker platform is designed to create a balance between the lowest fee-paying traders and the highest accruable LP liquidity. By offering a token pair liquidity pool for each fee tier, PancakeSwap’s DEX Version 3 sees asset pairs moving toward the most rewarding tiers.
In the previous PancakeSwap version, liquidity from providers was spread out evenly along trading pair price curves. The decentralized exchange identified this pattern as inefficient because assets usually trade within specific ranges.
PancakeSwap’s Version 3 looks to introduce two new features still in development. These are a Version 3 “VIP” trading rewards program and a feature for position managers. As a tiered system, the VIP program will reward traders for trading volume by offering exclusive perks. These benefits include a 5% trading fee rebate that could potentially stoke more activity on PancakeSwap and increase its revenue potential.
Meanwhile, PancakeSwap’s position manager feature facilitates seamless trader liquidity deposit and position optimization. The tool automatically allows users to adjust their positions and fee rewards, eliminating the need for third-party integration manual calculations.
PancakeSwap Version 3 is compatible with all tools created for Uniswap’s Version 3. Furthermore, as of Monday, PancakeSwap, which boasts more than 1.5 million unique users, had over $2.5 billion in total value locked (TVL). Meanwhile, DefiLlama data reported that Uniswap had a TVL of $3.9 billion today.
Arbitrum 50M On-Chain Transfer Controversy
In other DeFi-related news, Arbitrum recently addressed its unauthorized ARB transfer controversy. The Ethereum Layer 2 protocol’s governance platform, the Arbitrum Foundation, recently offloaded 50 million ARB tokens on-chain without community approval. However, amid the backlash, Arbitrum explained that it sold ARB in the DAO’s interest. The Foundation said it loaned 40 million ARB from the total on-chain transfer to a financial markets player. Arbitrum added that it converted an additional 10 million ARB tokens for stablecoins to fund ongoing operating expenses. The Foundation also said it would not offload any more tokens ahead of the conclusion of its Arbitrum Improvement Proposal (AIP-1) ratification exercise. As it stands, 70% of the community is against the proposal.

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Tolu is a cryptocurrency and blockchain enthusiast based in Lagos. He likes to demystify crypto stories to the bare basics so that anyone anywhere can understand without too much background knowledge.
When he’s not neck-deep in crypto stories, Tolu enjoys music, loves to sing and is an avid movie lover.

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VCs remain the major source through which institutional investors access crypto.

Venture capital (VC) firm Re7 Capital has tapped web3 advisory and crypto infrastructure firm Republic Crypto to launch a $100 million fund for liquid tokens. The fund, which is dubbed RxR Opportunities Fund, is one of the early initiatives of the 2022 strategic joint venture between the two firms. According to The Block, the fund will allow eligible investors to have access to a limited number of hand-picked crypto tokens, with a focus on those tokens with medium-sized market caps.
In a statement regarding the fund, Re7 Capital founder, Evgeny Gokhberg admits that the fund will aim at the smaller crypto names. However, he also insists that it will not involve anything speculative such as meme coins. And while Gokhberg confirms that the fund is already seeing commitments from all over, he did not disclose the exact amount that has been realized so far.

RxR Opportunities Fund has a one-year lock-up with liquidity after which it may then be unlocked every quarter. According to Gokhberg, about 15% of it would be focused on private deals such as over-the-counter (OTC) transactions.
Re7 Capital’s new fund represents a third option for its clients. The Cayman Islands-based firm first launched a market-neutral DeFi yield fund in 2021. In February, it also launched an Ether-focused fund.  Therefore, the RxR fund adds a new option for its clients.
Re7 Capital Signals the Growth of Venture Capital
Meanwhile, one can not overemphasize the impressive growth of the venture capital sector in recent times. Historically, VCs remain the major source through which institutional investors access crypto, albeit on a large scale. But recently, it appears there are more liquid opportunities for them to partake in the market. Investors now stake, tap into yield opportunities and have access to liquid tokens unlike before. The last part is exactly what Re7 and Republic hope to achieve with their new fund.
Re7 comes into the partnership with deep knowledge and experience managing a successful crypto hedge fund.

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Mayowa is a crypto enthusiast/writer whose conversational character is quite evident in his style of writing. He strongly believes in the potential of digital assets and takes every opportunity to reiterate this.
He’s a reader, a researcher, an astute speaker, and also a budding entrepreneur.
Away from crypto however, Mayowa’s fancied distractions include soccer or discussing world politics.

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According to Haider Rafique, Global Chief Marketing Officer at OKX, the launch of Train Like Dias is a true testament that Web3 can revolutionize anything without limits.

The OKX cryptocurrency exchange, a Seychelles-registered crypto firm that ranks second in daily traded volume, in partnership with Rúben Dias, a Portuguese professional footballer who plays for Premier League club Manchester City, has announced the launch of an immersive metaverse fan experience dubbed Train Like Dias. The Train Like Dias OKX collective will allow football fans to closely interact with Dias and experience his training techniques and coaching tips.
The partnership between OKX and Dias is an extension of the collaboration with Manchester City, whereby the exchange became the official training kit partner from 2020 to date. Notably, the OKX Collective is a unique virtual metaverse environment that allows football fans to gain access to special content from City players including Alex Greenwood, Ilkay Gündoğan, Jack Grealish and Rúben Dias.

“The OKX Collective is a unique way to bring fan interactions to the next level. Through the metaverse, we can give fans across the globe a glimpse into how I prepare for matchday and maybe how they can improve their own game,” Rúben Dias said.
Through his official Twitter account, Dias noted that the OKX Collective will give the fans a chance to reckon his best training drills. Moreover, the Train Like Dias are virtual and available for anyone to purchase through the OKX crypto exchange.

Join me and @OKX in the #OKXCollective metaverse to see some of my favourite training drills and give them a try! It’s your very own 1-to-1 training session… reckon you can keep up? 👀 #adhttps://t.co/NW2CR3YMKw pic.twitter.com/w91e9SFYRS
— Rúben Dias (@rubendias) April 3, 2023

Bigger Picture of OKX and Dias Partnership
According to Haider Rafique, Global Chief Marketing Officer at OKX, the launch of Train Like Dias is a true testament that Web3 can revolutionize anything without limits. With OKX taking pride in over 50 million registered global users, the Train Like Dias are expected to reach football fans much more easily.
“The possibilities that Web3 can offer are vast and only limited by our own imaginations. The way “Train Like Días” brings Rúben and his fans closer together is another great example of what this technology allows. The OKX Collective is just getting started, and we can’t wait to reveal what Alex Greenwood, Ilkay Gündoğan and Jack Grealish have in store for fans later this season,” Rafique said.
Notably, the Train like Dian fans also has a chance to get NFT to interact with through the blockchain. Furthermore, OKX noted that Dias fans can participate in competitions and win prizes including match tickets, team training kits and much more.
Meanwhile, the Manchester City Fan Token (CITY) gained approximately 1 percent in the past 24 hours to trade around $4.57. The CITY token under the Chiliz network takes pride in a market capitalization of approximately $26.49 million and a daily traded volume of about $1.9 million.

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