On Monday, U.S.-based Microstrategy, the publicly traded business intelligence (BI) company, unveiled plans for a private offering of $700 million in convertible senior notes. The BI firm plans to raise capital to pay off existing debt and purchase more bitcoin. Microstrategy Reveals Another Private Offering According to Microstrategy’s (Nasdaq: MSTR) announcement, the notes, set to […] Original
Ethereum is wavy when writing as bulls struggle to build momentum and push the coin above the immediate resistance levels at around $2,400 and $2,800. Even so, most ETH holders are upbeat, expecting prices to turn around the corner and soar, even breaking above July highs of around $3,500. 61% Of ETH Holders In The Money Amid this development and the general lull, IntoTheBlock data shows that 61% of all ETH holders are in the money. That over 50% of all ETH holders are in green despite the coin shedding…
BOB (Build on Bitcoin), a hybrid layer two (L2) solution integrating Bitcoin and Ethereum, has launched BOB Stake, a new one-click bitcoin staking product. The platform allows users to stake bitcoin (BTC) and utilize Liquid Staking Tokens (LSTs) across decentralized finance (defi) applications. BOB Introduces One-Click Bitcoin Staking Portal and SDK According to the announcement […] Original
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Este artículo también está disponible en español. Dogecoin (DOGE) is currently trading at $0.102, but the popular meme-based cryptocurrency appears to be positioning itself for a potential move to the upside. Over the past five months, Dogecoin has largely traded in a downtrend with the formation of lower highs and lower lows. This consistent downward pressure has led to the development of a classic price pattern known as a falling wedge. According to a technical analyst who has been closely tracking Dogecoin’s movements, the daily chart suggests that the falling…
“Indeed, nine of the 10 largest (by market capitalization) publicly listed bitcoin mining companies hold less bitcoin per share today than they did three years ago. And as a bitcoin miner ourselves, Cathedra has not fared better by this metric. Meanwhile, other listed companies have adopted an explicit policy of increasing bitcoin per share, most notably MicroStrategy (NASDAQ: MSTR), and have been rewarded by equity markets,” Cathedra wrote. Source
The company, led by Executive Chairman Michael Saylor, started purchasing bitcoin in 2020, adopting it as a reserve asset for its treasury. Since then, it has become the largest corporate buyer of bitcoin, accumulating 244,800 BTC, worth roughly $14.2 billion at current prices. Only days ago, MicroStrategy disclosed the purchase of an additional $1.1 billion worth of bitcoin, leaving it with $900 million available under a previous offering. Original
As the U.S. central bank members prepare for their meeting on Wednesday, just a day ago, the likelihood of a 25-basis point (bps) rate cut versus a 50bps cut was evenly split at 50-50. Fast forward to today, and the odds are now tipping in favor of a larger 50bps reduction. Predictions from betting market […] Source CryptoX Portal
Este artículo también está disponible en español. Dogecoin (DOGE) is holding strong above a key price level after a small market dip on Sunday, putting it at a crucial turning point. The meme coin recently broke out of a monthly downtrend that has kept its price suppressed since late March, signaling a potential shift in momentum. Related Reading Analysts and investors are growing increasingly optimistic about DOGE’s latest price action, with some predicting that if Dogecoin breaks above the $0.12 mark, it could trigger a larger rally in the meme…
Jan Nieuwenhuijs, a gold market analyst, claims that Saudi Arabia has been covertly buying gold since 2022, trying to get its hands on physical gold due to its neutral and sanction-proof traits. According to his figures, 160 tonnes have been acquired without disclosure, likely to avoid upsetting the U.S. government for these actions. Analyst Alleges […] Source CryptoX Portal