Tag: 750M

$750M in locked crypto tokens to be released by December

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Around $750 million of vested digital assets are scheduled to be unlocked and released into the markets in December. Among the projects releasing locked tokens, the decentralized exchange dYdX will unlock the largest amount. The exchange is expected to unlock 150 million tokens vested for investors, founders and employees in December. The tokens are worth almost $500 million at current market prices. Initially, the tokens issued by dYdX were supposed to be released in February. However, the exchange announced in January that the lock-up would be extended. Instead of their…

Saylor’s MicroStrategy plans $750M stock sale, possibly buying more Bitcoin

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United States-based software development company MicroStrategy is planning to raise up to $750 million via a stock sale and says it may use the proceeds to buy more Bitcoin (BTC).  In a filing to the Securities and Exchange Commission on Aug. 1, MicroStrategy announced it has entered into a sales agreement with three companies — Cowen and Company Canaccord Genuity and Berenberg Capital — relating to the sale of its class A common stock. MicroStrategy said the proceeds of the proposed sale could be used for a variety of general…

MicroStrategy Plans Up to $750M Stock Sale to Fund Bitcoin Purchases, Other Things

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Bitcoin worth $750m withdrawn from Coinbase

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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied In a recent event, an equivalent of $750 million worth of bitcoin was withdrawn from the cryptocurrency exchange Coinbase within a span of just 24 hours. Industry analysts have highlighted that this event is far from a common occurrence. Over the past year, according to analysts cited by a Russian crypto information channel only three transactions of a larger scale have been reported. Two of these coincided with market downturns: the collapse of Terra LUNA and…

MakerDAO passes proposal for $750M increase in US Treasury investments

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Lending protocol and stablecoin issuer MakerDAO passed a proposal on March 16 to increase its portfolio holdings of United States Treasury bonds by 150%, from $500 million to $1.25 billion. The proposal aims to increase the protocol’s exposure to real-world assets and “high-quality bonds,” following its Dai (DAI) stablecoin losing its $1 peg during market volatility on March 11. The $750 million debt ceiling hike was approved by 77% of Maker’s delegates. A representative of MakerDAO told Cointelegraph: “Under this new deployment, MakerDAO would use $750 million of USDC in…

SpaceX to Conduct $750M Funding Round at $137B Valuation

The leading investor is Andreessen Horowitz, a private American venture capital firm that invests in seed, start-ups, early, mid-stage, growth, and late-stage. Earlier, a16z already invested in SpaceX, along with such companies as Founders Fund, Sequoia, Gigafund, and others. Elon Musk‘s aerospace manufacturer and space transportation services company SpaceX is running a new $750 million funding round that will bring its valuation to $137 billion. According to those familiar with the matter, the leading investor is Andreessen Horowitz (also called a16z), a private American venture capital firm that invests in seed, start-ups, early, mid-stage, growth, and late-stage. Earlier, a16z already…

PancakeSwap governance proposal set to cap CAKE supply at 750M

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PancakeSwap, the decentralized finance (DeFi) application built on Binance Smart Chain, synonymous with its automated market maker (AMM) service and its quirky branding style, has released a governance proposal for the second iteration of its tokenomics roadmap. The centerpiece of the lite paper’s new version suggested an imposed supply cap on the project’s native token, PancakeSwap (CAKE). Currently operating with a circulating supply of 293.4 million, according to quantitative data verified by CoinMarketCap, the paper advised a maximum figure of 750 million. A governance voting window was opened to the…

Griffin Gaming Partners Raises $750M Fund With Eye on Web 3

“The lines have blurred across gaming, media, sport and social connectivity,” Sanderson said in a press release. “By seeing more than 1,300 qualified investment opportunities a year, we get a bird’s eye view into the industry and what it will take to succeed in the next phase of interactive entertainment across platforms, genres and demographics.” Source

Data shows Bitcoin traders’ neutral view ahead of Friday’s $750M BTC options expiry

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Bitcoin (BTC) has bounced 11% from the $39,650 low made on Jan.10 and currently the price is battling with the $44,000 level. There are multiple explanations for the recent weakness, but none of them seem sufficient enough to justify the 42% correction that took place since the Nov. 10 all-time high at $69,000. At the time (Nov. 12), negative remarks from the U.S. Securities and Exchange Commission (SEC) were issued at the rejection of VanEck’s physical Bitcoin exchange-traded fund (ETF). The regulator cited the inability to avoid market manipulation due…