Market Overview

AI video startup Higgsfield raised $400 million in a Series B funding round led by DST Global, valuing the company at $5.4 billion. The round included participation from Growth Equity at Goldman Sachs Alternatives, Tribe Capital, and Intel Capital, among others. The financing quadruples the company's valuation from its $1.3 billion Series A round in January. Higgsfield reported that its annualized revenue reached $700 million, up from $20 million a year earlier. Enterprise customers now generate the majority of the company's sales, shifting its business model away from consumer entertainment filters. The fresh capital will fund global sales, management operations, security infrastructure, and compute capacity reservations.

Jeanie Buss is blocking her siblings' attempt to sell the family's remaining 17.8 percent stake in the Los Angeles Lakers to Bob Iger and Joshua Kushner. Four of the six Buss family siblings voted to execute a tag-along sale of the shares, piggybacking on a record $12.5 billion deal agreed to last week by incoming majority owner Mark Walter. But Buss's attorney, Adam Streisand, fired off a letter stating that any vote to force the transaction through is void without the consent of the trust's other co-trustees. Under a 2017 court order, the trust is bound to maintain a minimum 15 percent ownership stake to ensure Buss can remain controlling governor. Dropping below that threshold would strip Buss of her position under NBA rules, bringing a contentious end to the family's 47-year stewardship of the franchise. The battle leaves the final piece of the Lakers' ownership in legal limbo as the board of governors prepares to review the broader transaction.

Bits of Gold suffered a data breach affecting approximately 200,000 customers after an unauthorized party accessed a third-party software system used for customer support and data analysis. The intrusion exposed sensitive personal and financial data, including names, Israeli identification numbers, email addresses, telephone numbers, IP addresses, bank account details, and public cryptocurrency wallet addresses. Customer funds, cryptocurrencies, passwords, scanned identification documents, complete credit-card numbers, and CVV security codes remained uncompromised. The company blocked the unauthorized access, disconnected the affected system, and notified the Capital Market, Insurance and Savings Authority. While trading services remain operational, the exposed information creates severe risks for targeted social engineering and phishing attacks.