Bitcoin BTC$69,395.02 slipped below $70,000 for the first time in two months, leaving cryptocurrency markets vulnerable ahead of a week of important U.S. economic data that could determine the direction of the next move for risk assets. The largest cryptocurrency has lost more than 4.45% in the past 24 hours, and was recently trading near […]
A $1.26 billion block sale of BlackRock’s iShares Bitcoin Trust (IBIT) this week might have been driven by a large investor seeking a rapid exit from bitcoin exposure rather than the unwinding of a common hedge-fund trading strategy. That’s according to an analysis published by crypto investment firm NYDIG. The transaction took place on May […]
Ledn, a crypto lending company, has completed the first asset-backed securities (ABS) deal backed by bitcoin collateral, raising $188 million for crypto credit markets. Asset-backed securities are bonds backed by pools of underlying loans, with investors receiving payments from the cash flows generated by those loans. Bloomberg reported that the bonds are secured by a […]
Bitcoin miner Bitfarms (BITF) is set to exit Latin America with the sale of its site in Paso Pe, Paraguay. The company is selling the site to the Sympatheia Power Fund (SPF), managed by Singapore-based Hawksburn Capital, for up to $30 million, the company announced on Friday. The transaction, which is subject to customary closing […]
Bullish, the owner of the Bullish Exchange crypto platform, said it plans to raise as much as $629 million in its initial public offering (IPO) on the New York Stock Exchange. The company, which also owns CoinDesk, said it plans to sell 20.3 million ordinary shares with an expected price of $28-$31 per share according […]
Bitcoin mining company MARA Holdings (MARA) is launching a fresh $2 billion stock offering to buy more bitcoin, continuing its plan of buying BTC in the open market through capital raise while sticking to its “Hodl” strategy. According to a Form 8-K and a new prospectus filed with the U.S. Securities and Exchange Commission (SEC), […]
World Liberty Financial (WLFI), the Donald Trump-backed crypto project, has closed its token sale after raising approximately $590 million. (World Liberty Financial) The project’s raise of $590 million would put it in the top-10 list of token raises, according to data curated by ICODrops. To date, the largest token sale is EOS, which raised $4.21 […]