Metaplanet recently made a bold move by investing approximately $3.3 million in bitcoin, acquiring 57.103 bitcoins at an average price of 8,756,107 yen per bitcoin. This investment is part of the Japanese investment firm’s larger strategy to expand its bitcoin holdings. With this latest purchase, Metaplanet now holds a total of 303.095 BTC, which has
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Core Scientific, a prominent Bitcoin mining company based in Texas, recently announced an upsized offering of $400 million in convertible senior notes due in 2029. Originally set at $350 million, the increase in offering size was attributed to favorable market conditions. The notes, scheduled to settle on August 19, 2024, will be issued privately to
Japanese investment firm Metaplanet has recently secured a $6.8 million loan from one of its shareholders, MMXX Ventures, to increase its Bitcoin holdings. This move comes after Metaplanet announced its plans to raise $70 million through a stock rights offering, with a major portion earmarked for Bitcoin investments. The loan carries a low 0.1% interest
The addition of options features to Bitcoin exchange-traded funds (ETFs) in the US market is a highly anticipated development. Bloomberg ETF analyst, James Seyffart, has suggested that these features could be implemented as early as the third quarter. He mentioned the final deadline for a decision from the US Securities and Exchange Commission (SEC) is
Brazil’s Securities and Exchange Commission (CVM) recently made headlines by approving the country’s very first Solana-based exchange-traded fund (ETF). This move positions Brazil ahead of other countries, including the United States, where the process of approving Solana ETFs is still in its early stages with uncertain outcomes. This approval signifies a significant step forward for
In the fast-paced world of cryptocurrency trading, predictions about price movements can make or break an investor’s portfolio. Benzinga crypto analyst Armando Pantoja stirred the pot on Tuesday by forecasting that Shiba Inu’s price will skyrocket to $0.001 due to FOMO (fear of missing out). However, Pantoja also warned that one of SHIB’s competitors may
CryptoQuant CEO Ki Young Ju remains optimistic about bitcoin’s future, predicting that the cryptocurrency could surpass its all-time high if its price stays above $45,000. Despite some bearish indicators in the broader financial markets, Ju believes that bitcoin has the potential for significant growth in the coming year. However, Ju also warns that the crypto
The Binance CEO, Richard Teng, recently announced that Binance experienced record inflows and one of its highest trading volumes in the face of a jittery market. Amidst the macroeconomic climate and a market downturn on August 5th, Binance saw a net inflow of $1.2 billion in just 24 hours. This information was sourced from DefiLlama’s
The recent cryptocurrency market turmoil has sent shockwaves through the industry, with Bitcoin and Ethereum experiencing significant drops in value, each plummeting over 20% in just 24 hours. This rapid sell-off has left investors reeling and searching for answers as to what triggered such a drastic downturn in the market. At the center of this
Bitcoin (BTC) has been known to experience market volatility and price fluctuations, making it challenging for investors to determine the best times to buy this pioneer cryptocurrency. However, a crypto analyst going by the name of ‘Stockmoney Lizards’ has recently shared insights on key price levels that investors should keep an eye on for potential