#96m

Nuclear startup Antares said Tuesday it has raised $96 million in Series B funding as it pursues its small modular reactor design. The round, which was led by Shine Capital with participation from Alt Capital, Caffeinated, FiftyThree Stations, Industrious, and others, consists of $71 million in equity and $25 million in debt. Antares says it is targeting commercial, defense, and space-based…

Nuclear startup Antares stated Tuesday it has raised $96 million in Sequence B funding because it pursues its small modular reactor design. The spherical, which was led by Shine Capital with participation from Alt Capital, Caffeinated, FiftyThree Stations, Industrious, and others, consists of $71 million in fairness and $25 million in debt. Antares says it’s concentrating on industrial,…

Kristen ShiltonOct 8, 2025, 10:24 AM ET Close Kristen Shilton is a national NHL reporter for ESPN. The Winnipeg Jets took care of business ahead of their regular-season opener, signing top forward Kyle Connor to an eight-year, $96 million extension on Wednesday. It’s the richest contract in Jets franchise history, earned by one of their most consistent performers. Drafted by Winnipeg 17th…

FTX plans to sell stake in Mysten Labs for $96M

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FTX has submitted a motion through which it intends to sell its stake in Mysten Labs, according to a bankruptcy court filing on March 22.

The value of the sale is estimated to be more than $96 million. About $95 million of that amount consists of shares, though it also includes $1 million of SUI token warrants — that is, a promise to receive Mysten Labs’ future crypto token when it is released.

FTX acquired those assets by leading a Series B fundraising round for Mysten Labs in August 2022 and in other transactions around that time. The fundraiser brought in $300 million from FTX and other companies and raised Mysten Labs’ valuation to $2 billion.

Proceeds from the sale are intended to help return value to customers in the aftermath of FTX’s collapse.

Mysten Labs builds the Sui Blockchain, which aims to act as a competitor to Ethereum while providing greater scalability and transaction throughput. The project has gained initial support from Chinese tech and commerce giant Tencent.

The Sui Blockchain is still in its early stage and its SUI token is not in circulation.

Journalist at CryptoSlate

Mike trained in library and information sciences before moving into crypto writing in 2018. He lives on the West Coast of Canada.

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