According to a Bloomberg report on September 9th, BlockBeats reports that fintech startup Ramp is in early-stage talks with investors for a new round of funding, with the company's valuation expected to reach approximately $60 billion. If the deal goes through, Ramp's valuation will increase by about 36% from its previous $44 billion valuation in just three months.

Sources familiar with the matter revealed that Ramp is planning to raise approximately $1 billion in new funding, with negotiations still ongoing and specific terms subject to change. Ramp declined to comment. Founded in 2019, Ramp primarily provides businesses with services such as expense management, payment processing, and AI-based fraud detection. In June of this year, the company completed a $750 million funding round, bringing its total funding to approximately $3 billion.

According to BlockBeats, on September 9th, Block, a payment company owned by Jack Dorsey, submitted an application to the Office of the Comptroller of the Currency (OCC) to establish an uninsured federal trust bank called Builders Bank & Trust, which will provide services such as custody and trusteeship of Bitcoin and stablecoins.

According to BlockBeats, on September 9th, Velodrome announced that, to coincide with the launch of Aero, the Velodrome and Aerodrome communities will be merged. The Velodrome Discord channels will be reduced to only essential ones. All community activities will be moved to the current Aero Discord servers. The VELO token is scheduled to cease trading on Binance this week, and the Aero public audit competition is expected to end on September 21st.