Crypto News
Solana Treasury Firm DeFi Development Corp. Boosts Convertible Notes Offering to $112 Million
Shares of DeFi Development Corp. (DFDV) finished the day down by 3% following its upsized convertible notes offering to buy more Solana.Source link
SEC Halts Grayscale Large Cap Fund Approval for ‘Review’
The U.S. Securities and Exchange Commission's leaders are reviewing the agency's recent approval of a Grayscale effort to convert a fund into an exchange-traded fund (ETF), a letter dated July 1 said. The SEC allowed Grayscale to uplist the Digital Large Cap Fund (GDLC), which holds $755 million in bitcoin BTC, Ethereum ETH, XRP XRP, Solana SOL and Cardano ADA, into an ETF through delegated authority — meaning the SEC's commissioners did not vote to approve the conversion, but rather agency staff gave the sign-off."This letter is to notify you that, pursuant to Rule 431 of the Commission’s Rules of Practice, 17 CFR 201.431, the Commission will review the delegated action," the letter said. "In accordance with Rule 431(e), the...
DeFi Dev Corp. Secures Funding With $112.5M Convertible Note Sale, Aims to Purchase SOL
DeFi Development Corp. priced a $112.5 million private offering of convertible senior notes due 2030, primarily to acquire solana ( SOL) tokens. $112.5M Offering Prices for DeFi Dev Corp. Convertible Notes The 5.5% notes, sold to qualified institutional buyers, carry an initial conversion price of $23.11 per share. According to the firm’s release, this representsSource link
JPMorgan’s Blockchain Arm Kinexys Tests Tokenized Carbon Credits with S&P Global
Global bank JPMorgan’s blockchain arm Kinexys is working with S&P Global Commodity Insights to explore tokenization for managing and issuing carbon credits, the firms said on Wednesday.The project, according to a press release, focuses on testing how tokenized carbon credits can be created and tracked using blockchain infrastructure. These credits, which represent greenhouse gas reductions from projects like reforestation or renewable energy, are often bought by companies aiming to offset their emissions.The firms will focus on how blockchain handles credit lifecycle management, data compatibility and registry access."Our shared aim is to establish standardized infrastructure that enhances information and price transparency, paving the way for financial innovation and increased market liquidity," said Keerthi Moudgal, head of product at Kinexys Digital Assets.The...
Crypto Billionaire Bit Off Attacker’s Finger in Attempted Kidnapping: Report
Billionaire investor and entrepreneur Tim Heath shared his experience amid a growing trend of “wrench attacks” against crypto holders.Source link