Crypto News

Tether, the issuer of the USDT stablecoin, increased its holdings in bitcoin (BTC) miner Bitdeer (BTDR), building on a investment it started almost a year ago.The company financed the acquisition with working capital and now owns 21% of the company, according to a Securities and Exchange Commission filing.Tether first acquired a position in the Singapore-based company last May with a $100 million investment for 18.59 million Class A shares and an option to buy 5 million more at $10 each.Tether is building a portfolio of holdings with its record profits, which came in at $13 billion last year, acquiring a stake in Italty's Juventus FC and bidding for a majority stake in Latin American agricultural commodities producer Adecoagro.Bitdeer's stock is...

Japan's Metaplanet has issued more zero-interest bonds as the listed company looks to asquire more bitcoin (BTC).The company said today in a notice to shareholders that it issued 2 billion yen ($13.4 million) in zero-interest ordinary bonds for buying BTC, with Evo fund once again acting as the sole bondholder.These bonds carry no interest and will be redeemed in full on Sept. 17.These bond issuances are a regular occurrence for the listed company as Metaplanet continues to increase its bitcoin reserves, taking advantage of cheaper pricing brought by BTC's recent price correction.Last week, the company announced it had acquired 162 BTC for $13.5 million at an average price of $83,123 per bitcoin.With all its recent buys, Metaplanet now holds 3200...

BitMEX is set to discontinue options trading on its platform from April 4, 2025, following a strategic review of its product offerings. (Read More)Source link

Decentralized autonomous organizations (DAOs) are increasingly experimenting with Futarchy, a governance model leveraging prediction markets, to enhance decision-making processes. (Read More)Source link

The Bitcoin (BTC) bull market is over, according to crypto research firm CryptoQuant's founder Ki Young Ju. Ju posted on X that he is expecting 6-12 months of bearish or sideways price action as the BTC bull run loses steam, citing declining liquidity in the market."New liquidity is needed. The on-chain realized cap has stalled, signaling no fresh capital inflows. For example, BlackRock’s IBIT saw three straight weeks of outflows," he said in a Telegram note to CoinDesk. "Even with record volume near $100K, Bitcoin’s price barely moved. Without new liquidity to offset heavy selling, this is a bearish signal."A recent report from CryptoQuant made the case for the possibility of BTC's return to the $63K mark, citing bearish signals...