Strategy, the worldโs largest corporate Bitcoin holder, plans to raise nearly $1 billion through a stock offering to fund additional Bitcoin purchases. The company, led by executive chairman Michael Saylor, plans to issue 11,764,700 shares of 10.00% Series A Perpetual Stride Preferred Stock at a public offering price of $85 per share. Strategy estimates raising about $979.7 million from the net proceeds after deducting the underwriting discounts and commissions for the firmโs offering expenses, according to a June 6 announcement. The company plans to use the almost $1 billion for…
Day: June 6, 2025
DeFi, not MiCA II at the forefront
European lawmakers have yet to define have yet to define โdecentralization,โ even as regulators begin preparing for decentralized finance (DeFi) to become a key focus of crypto policy in 2026. The worldโs first comprehensive regulatory framework for the crypto industry, the Markets in Crypto-Assets Regulation (MiCA), went into effect on Dec. 30, 2024. Among its aims are to boost investor protection, prevent fraud and address stablecoin reserve management. But as MiCA enters its final implementation phase, policymakers are shifting their attention to regulating DeFi, where many questions remain unresolved, according…
Switzerland Approves Crypto Tax Data Exchange with 74 Countries
Key Notes Switzerland plans to exchange crypto-related tax data with 74 countries starting in 2026. The proposal excludes the US and Saudi Arabia from the agreement. The bill is under parliamentary debate and based on OECD compliance standards. Switzerlandโs Federal Council has approved plans to share cryptocurrency information with 74 countries. Under the proposal, the country would automatically exchange crypto-related data with all European Union member states, the United Kingdom, and most G20 nations. However, the arrangement does not include the United States or Saudi Arabia. On June 6, Switzerland…
XRP Price Sends Mixed Signals After 4 Green Daily Closes, Crash Or Rally?
Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. The XRP price has now moved back into bearish territory after a remarkable run on the daily chart that had been signaling possible bullish momentum. Crypto analyst Master Ananda points this out in a post that shows a disturbing…
Whales Buy $7.5M AAVE: Is $440 Next After โUmbrellaโ Slashing Goes Live?
Key Notes AAVE trades near $250 with a possible bullish inverse head and shoulders pattern. Two whales bought over $7.5 million in AAVE following Umbrellaโs launch. Umbrella slashing system aims to improve protocol safety and capital efficiency. Aave AAVE $250.3 24h volatility: 4.4% Market cap: $3.79 B Vol. 24h: $473.21 M is currently trading around $250, down by 4% in the past day. Although the 29th largest cryptocurrency has seen a market cap decline of over $200 million, bullish momentum is steadily growing among traders and analysts. This optimism follows…
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Metaplanet Increases Bitcoin Accumulation Target by 21X, Raises $5.4 Billion
Key Notes The funds will support Metaplanetโs ambitious goal of accumulating 210,000 BTC by the end of 2027, representing 1% of Bitcoinโs total supply. Since early 2025, Metaplanetโs stock price has climbed 275%, delivering an impressive 1619% return over the past year. CEO Simon Gerovich outlined bold future plans to grow Bitcoin holdings from 8,888 BTC to 100,000 BTC by 2026. Publicly listed firm Metaplanet has announced a significant $5.4 billion fundraise to support its goal of accumulating 210,000 Bitcoin BTC $103 704 24h volatility: 0.9% Market cap: $2.06 T…
Bitcoin leads crypto market slump as Trump and Musk trade punches
Bitcoin slid to fresh lows on Thursday amid a broader market pullback, triggered by an unexpected public clash between two of the most influential figures in tech and politics. A public fallout between US President Donald Trump and Tesla CEO Elon Musk was not on manyโs bingo cards for the year, and the unexpected spat quickly sent shockwaves through the markets. Following a series of public exchanges over political disputes, the crypto market took a hit, leading to sharp declines across multiple assets. According to crypto.news data, market giant Bitcoin…
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Switzerland Proposes Cross-Country Crypto Data Sharing
Switzerland is moving forward with plans to automatically share crypto-related data with 74 partner countries, including the United Kingdom and all European Union member states. The Federal Council, the government of Switzerland, has adopted a bill to enable the automatic exchange of information (AEOI) on crypto with partner countries, according to an announcement on June 6. The proposal also suggests sharing the data with most G20 countries. The measure excludes the United States, Saudi Arabia and China, according to an X post by the Swiss Federal Government. Source: Swiss Federal…