Crypto News
STRATEGY BUYING BTC AGAIN, GOOGLE INVESTS MORE IN BTC MINING, $LIGHT SOARS
Crypto weak, ETH ETF sees 2nd largest outflow ever. DAT stocks continue to fall on dilution fears. Strategy buys $51m BTC, relaxes financing rule. Chamath announces crypto SPAC. BMNR flips MARA to claim 2nd largest DAT spot. $3.9b ETH stuck in staking exit queue. KindlyMD raises $200m debt to buy BTC. Dutch firm Amdax to launch BTC treasury. BTCS issues a one-time ‘Bividend’ in ETH. US Treasury asks for public comments on GENIUS. SEC delays decision Truth Social’s crypto ETFs. Gemini taps Ripple for credit line ahead of IPO. Google’s stake in TeraWulf grows to 14%. Circle acquires consensus engine Malachite.Source link
Argentine Financial Sector Embraces AI with GitHub Copilot
Argentine developers in the finance sector leverage GitHub Copilot to drive innovation and efficiency, highlighting a shift towards digital transformation in banking and fintech. (Read More)Source link
Behind Strategy’s mNAV Debate: Leverage, Risk, and Bitcoin
Strategy, formerly Microstrategy, faces intense scrutiny after investors claim it abandoned a key safeguard against share dilution, reigniting debates over the premium valuation of its bitcoin-heavy treasury. MSTR’s mNAV Policy Reversal Draws Scrutiny Strategy, known until recently as Microstrategy (Nasdaq: MSTR), has fundamentally transformed since 2020 from a business intelligence software firm into a corporateSource link
TeraWulf Rally Cools on $850M Convertible Note Sale After Google Deal
TeraWulf's (WULF) breakneck rally cooled on Tuesday as the firm increased its convertible note sale to $850 million and announced the pricing of the offering, aimed at funding its data center expansion.The notes will mature in 2031 with 1% annual interest, and will be exchangeable into cash, stock or both at TeraWulf’s election, the company said in a Monday press release. Initial conversion price is set at $12.43 per share, representing a 32.5% premium to last week’s close.Net proceeds are estimated at $828.7 million, and are earmarked for data center expansion with $85.5 million earmarked for capped call transactions designed to limit share dilution, the firm said. Buyers have a 13-day option to add another $150 million to the deal,...
Bitcoin, Ethereum, XRP Flat as ‘Dry Powder’ Builds in Stablecoins
Bitcoin, Ethereum and XRP were flat Tuesday morning as "dry powder" builds in stablecoins—but analysts are split on how bullish a signal that is.Source link