Strategy Quadruples STRD Offering to Raise Nearly $1 Billion
TL;DR Strategy, under the leadership of Michael Saylor, has quadrupled its preferred stock offering (STRD) to raise nearly $1 billion. The proceeds will be used...
Chanos Bets Against Strategy: Here’s Why
TL;DR Jim Chanos believes Strategy’s premium over its Bitcoin holdings is unsustainable and suggests exploiting the arbitrage opportunity. Hedge funds are taking advantage of a...
Tether & Bitfinex Send 25,812 BTC to Launch Twenty One Capital
TL;DR Massive Funding Move: Tether and Bitfinex transferred a combined 25,812 BTC, valued at around $2.7 billion, to pre-fund Twenty One Capital’s launch. Strategic Pre-Funding:...
Metaplanet Approaches 10,000 BTC with Million-Dollar Purchase
TL;DR Metaplanet Inc., an investment firm headquartered in Tokyo, has significantly expanded its Bitcoin treasury with a recent purchase of 1,088 BTC at an average...
Dogecoin Suffers Massive Liquidations and Drops 7%
TL;DR Dogecoin lost $21.71 million in long liquidations after falling 7% in 24 hours, hovering near the $0.20 mark. Total liquidations in DOGE reached $22.33...
Samourai Wallet Seeks to Dismiss DOJ Case Citing FinCEN Rules
TL;DR The founders of Samourai Wallet requested the dismissal of the DOJ’s case, arguing that their software never handled funds and should not be classified...
U.S. Banks Weigh Crypto Expansion Amid Regulatory Uncertainty
TL;DR Top U.S. banks are evaluating their entry into the crypto world through partnerships and pilot projects, driven by more favorable regulatory signals. Although caution...
Ripple Clears the Air: Chris Larsen Denies Corporate Funding for “Change the Code” Campaign
TL;DR No Corporate Involvement: Chris Larsen clarified that his backing of the “Change the Code” campaign was entirely personal, with Ripple not funding the initiative....
Binance Ignites a Price Rally: Merlin Chain Sees Renewed Trading Momentum
TL;DR High-Leverage Catalyst: Binance’s launch of MERL perpetual contracts, offering up to 50x leverage, has reignited interest in Merlin Chain. Strong Market Performance: MERL is...
NFT Market Rebound After Five Months of Declines
TL;DR NFT sales climbed to $430 million in May, breaking a five-month streak of consecutive market declines. The number of buyers jumped 50%, surpassing 936,000,...