Crypto News
The Blockchain Group Unveils $343 Million Capital Program to Boost Bitcoin Treasury Strategy
The Blockchain Group (Euronext Paris: ALTBG) has announced the launch of a $343 million (€300 million) “ATM-type” capital increases program in partnership with TOBAM, a leading asset management firm and strategic investor. This program, inspired by the U.S. “At The Market” (ATM) offering structure, is designed to accelerate the company’s Bitcoin Treasury strategy by increasingSource link
Shiba Inu’s Downtrend Intact as Daily Burn Rate Tanks by 63%
Shiba inu (SHIB) remains locked in a downtrend despite recovering from overnight lows, as the sharp drop in the "daily burn" rate has dented deflation prospects.The token has recovered to trade near $0.000012650 at the time of writing, having reached a low of $0.00001234 during the Asian hours. Still, the downtrend identified by trendlines connecting May 12 and May 23 highs and the low reached on May 17 remains intact.SHIB's daily burn rate dropped by 63%, threatening to derail the progress toward deflationary tokenomics, while trading volume surged by 78%. The daily burn rate refers to the number of SHIB tokens permanently destroyed or removed from circulation each day.Token burns are widely used to introduce a deflationary appeal to cryptocurrencies....
Ethereum Leads as Digital Asset Inflows Slow Amid Economic Uncertainty
Digital asset inflows faced a slowdown with Ethereum leading the charge, amid policy uncertainty and investor caution, according to CoinShares. (Read More)Source link
Trump’s ‘Big, Beautiful Bill’ Sparks Mexico-US Standoff
Trump’s big, beautiful bill, which proposes a 3.5% tax on remittances sent by immigrants to their home countries, has forced Mexico’s president, Claudia Sheinbaum, to take a stance against it. Sheinbaum vowed to mobilize against this and announced measures to render it ineffective. U.S.-Mexico Remittance Tax Standoff Ignites With Trump’s Big, Beautiful Bill Trump’s big,Source link
The Blockchain Group Starts 300M-Euro ATM Share Sale to Expand Bitcoin Holdings
The Blockchain Group (ALTBG), a tech firm that brands itself as Europe’s first Bitcoin Treasury Company, announced a share-issuance program worth up to 300 million euros ($342.5 million).The capital raise is structured as an at the market (ATM) program and backed by French asset manager TOBAM, a longtime investor in both bitcoin BTC and the Paris-listed company on behalf of clients, Blockchain Group said in a press release.The program allows TOBAM to buy new shares at its discretion, based on daily market conditions. The price of each tranche will be the higher of the previous day’s closing price or its volume-weighted average price, with purchase volume capped at 21% of the day’s trading activity, the firm said.Proceeds are expected to...