Strategy Announces $2.47B Preferred Stock Offering for Massive Bitcoin Purchase

Key Notes The company upsized its offering to 28,011,111 shares of variable-rate perpetual preferred stock settling July 29th. Strategy currently holds 607,770 Bitcoin worth $70.4 billion at current market prices of $115,847 per coin. The new $STRC offering features a unique variable dividend starting at 9% annually with monthly adjustment rights. Michael Saylorโ€™s Strategy (formerly MicroStrategy) announced pricing for its Stretch Perpetual Preferred Stock ($STRC) offering on July 25, and just a day after the IPO was announced on July 24, the firm will upsize the number of shares sold…

Revolut Makes Crypto Staking Available in Hungary After Restricting Services

Digital bank Revolut’s crypto staking services are once again available for its customers in Hungary after pausing for a couple of weeks, a spokesperson from the company told CoinDesk on Friday. The company had paused the majority of its crypto services for customers in Hungary on July 7 due to a new law that criminalized trading on unlicensed crypto platforms, but a spokesperson told CoinDesk on Friday that Revolut was comfortable bringing staking back. It had previously resumed withdrawals, the spokesperson added. After conducting further analysis in connection with its…

Ether Machine launches for Institutional Yield after the GENIUS Act

Institutional interest in cryptocurrencies was piqued after โ€œCrypto Weekโ€ in the US saw the passage of the industryโ€™s key stablecoin bill, the Guiding and Establishing National Innovation for US Stablecoins, or GENIUS Act. Signed into law by US President Donald Trump on July 18, the GENIUS Act bans yield-bearing stablecoins in the worldโ€™s largest economy, which may increase the demand for Ether (ETH) and Ethereum-based yield-generating decentralized finance protocols, according to industry watchers. Signaling growing demand for the worldโ€™s second-largest cryptocurrency, a group of crypto researchers and public market experts…

Dogecoin Price Enters Bullish Livermore Cylinder That Could Catapult Price To $1.5

Crypto analyst TradingShot has revealed that the Dogecoin price has entered a bullish pattern, which could spark a parabolic rally to $1.5. Interestingly, the analyst also raised the possibility of the foremost meme coin reaching double digits.ย  Dogecoin Price Eyes $1.5 With Bullish Livermore Cylinder Pattern In a TradingView post, TradingShot revealed that the Dogecoin price is inside a Livermoreโ€™s Cylinder, which suggests that the meme coin could soon rally to as high as $1.5. The analyst noted that DOGE has been trading within a bullish megaphone for the majority…

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Tokenized Money Market Funds May Counter Stablecoin Threat, According to JPMorgan

The tokenization of money market funds marks a significant step in preserving the appeal of โ€œcash as an asset,โ€ especially as the growing adoption of stablecoins threatens to erode the attractiveness of traditional fund offerings, according to JPMorgan strategist Teresa Ho. Commenting on recent initiatives by Goldman Sachs and Bank of New York Mellon to tokenize shares of money market funds, Ho noted that such services will help maintain the competitiveness of these funds while unlocking new use cases, such as margin collateral. This development is particularly timely given the…

Bitcoin Drops Below $115K and Institutions Buy the Dip

The cryptocurrency left analysts scratching their heads trying to identify the culprit behind the price action. Meanwhile, institutions simply took advantage of the discount. Institutions Load up on BTC As It Slips Under $115K Bitcoin ( BTC) is known for being volatile but Fridayโ€™s 3% retreat caught many off guard. The digital asset traded within […] Original

ยกMinero Afortunado Gana $350,000 Minando Bitcoin! ๐Ÿ’ฐ

โ–ถ Coinbase Website: Coinbase.com โ–ถ CEX Website: cex.io ยกIncreรญble historia crypto! ๐Ÿš€ Un minero solitario se llevรณ 3.161 BTC (unos $350,000) al minar el bloque 897856 de Bitcoin hace apenas unas horas. ยฟTe imaginas despertar con esa ganancia en tu wallet? ๐Ÿ’ธ Mira cรณmo este afortunado minero logrรณ esta hazaรฑa contra todo pronรณstico. ยกDรฉjanos un comentario con quรฉ harรญas con ese dinero y suscrรญbete para mรกs noticias de Bitcoin! ๐Ÿ“ˆ #Bitcoin #Crypto #MineriaBitcoin โ–ถ Coinbase Website: Coinbase.com โ–ถ CEX Website: cex.io Youtube version