Markets
Michael Saylor’s Bitcoin-focused company, Strategy, has announced plans to raise $2 billion through a convertible debt offering, reinforcing its aggressive approach to accumulating Bitcoin. New Fundraising Strategy to Fuel Bitcoin Acquisitions The company, formerly known as MicroStrategy Inc., will issue zero-coupon senior notes due 2030, according to a statement
DeFi
Blockchain-based financial platform DigiFT has announced plans to tokenize a $6.3 billion private credit fund from Invesco, marking a significant step toward bridging traditional finance and blockchain technology. Institutional Access to Tokenized Credit Funds Institutional investors will be able to purchase tokenized shares of the Invesco fund using US
Regulation
The U.S. Senate has confirmed Howard Lutnick as the 41st Secretary of Commerce, a move that reinforces the pro-crypto stance of the Trump administration. Lutnick secured confirmation with a 51-45 vote on Tuesday. Lutnick’s Economic Vision As Commerce Secretary, Lutnick will focus on job creation, economic growth, and
Finance
Standard Chartered’s Hong Kong branch has partnered with Animoca Brands and Hong Kong Telecommunications (HKT) to launch a stablecoin pegged to the Hong Kong dollar (HKD). The collaboration marks a significant step in positioning Hong Kong as a leader in the regulated digital asset space. A Strategic Alliance for
Markets
Argentine President Javier Milei has broken his silence on the Libra memecoin controversy, which has sparked lawsuits and impeachment calls. Milei confirmed meeting with the project's creators, asserting his social media post aimed to promote crypto solutions for Argentine businesses, not encourage speculative buying. Milei Speaks Out on
Markets
Bitcoin’s market dominance has climbed to nearly 60%, marking a 5% increase in the past month and 12% year-over-year, as investors pivot from altcoins following the collapse of the Libra memecoin. Altcoin Volatility Fuels Bitcoin’s Rise The surge comes amid significant losses in the altcoin market, with Solana
Finance
The streak of five consecutive weeks of inflows into crypto investment products from major asset managers like BlackRock, Fidelity, and Grayscale ended with $415 million in net outflows, according to CoinShares data. Why the Outflows? CoinShares Head of Research James Butterfill attributed the shift to: * Fed Chair Jerome Powell’s
Markets
Blockchain analytics firm Bubblemaps has unveiled evidence suggesting that the Libra and Melania memecoins were orchestrated by the same entity, based on an analysis of on-chain transactions. On-Chain Evidence Connects Projects According to Bubblemaps, wallets tied to the Melania token were also involved in Libra token transactions, participating in both
Opinion
Bitcoin’s bull market is gaining momentum, with a wave of positive catalysts poised to drive the next price surge, according to a recent Bernstein report. Bitcoin’s Bull Market: What’s Driving the Next Wave? Bernstein analysts believe the current bull market started in Q4 2023, fueled by the
Regulation
President Javier Milei of Argentina is facing fraud charges following the collapse of the $LIBRA token, which he previously promoted. The token plummeted 95% in value, sparking allegations of misconduct and calls for an official investigation. Legal Battle Unfolds The lawsuit, filed by Jonatan Baldiviezo and Claudio Lozano, accuses Milei
Blockchain
BNB Chain has introduced a new network optimization to address record-high gas fees and congestion, fueled by a surge in memecoin speculation. Optimizing for High-Stakes Transactions Under its previous system, BNB Smart Chain (BSC) validators would stop processing bids once they hit the block limit, which occurs every 3 seconds.
Markets
On Friday, Milei promoted the LIBRA token on X (formerly Twitter), stating that funds raised would support Argentine small and medium-sized enterprises (SMEs). He emphasized that the project was privately managed and that he would not receive personal financial gain. The token, linked to Milei’s libertarian ideals and possibly