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The future was pitched as utopia: Adopting Bitcoin would catapult El Salvador into a techno-libertarian paradise, banking the unbanked, attracting global innovators and financing futuristic projects, from a popular digital wallet to smart cities and Volcano bonds.

  Sleep tech company Eight Sleep today said that it has raised $50 million in a strategic round led by Tether Investments at a valuation of $1.5 billion. This new round comes after the startup closed a $100 million round last August from investors such as HSG, Valor Equity Partners, Founders Fund, and Y Combinator. The...