Tag: Million

Ripple Labs Reveals Plan for $700 Million Share Buyback

Key Notes Ripple has announced a $700 million tender offer to repurchase stakeholders’ shares. Each share will go for $175 against the $125 per share valuation as of January. This tender offer lays the ground for an IPO, but it is not certain that Ripple will explore it soon. San Francisco-based Ripple Labs Inc. is preparing to repurchase shares from stakeholders at $175 per share. To this end, it has announced a $700 Mellon tender offer. This move reflects the company’s financial strength in the market and growth ambition, as…

Crypto ETF Surge: Bitcoin and Ether Funds Attract Over $550 Million as Inflows Continue

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Bitcoin ETFs recorded another impressive inflow of $431 million, solidifying their recovery streak, while ether exchange-traded funds (ETFs) celebrated their 17th consecutive day of gains with a fresh $124.93 million inflow, pushing total net assets beyond the $10 billion milestone. Bitcoin ETFs Post Second Day of Strong Gains As Ether ETFs Mark 17 Days of […] Original

The Blockchain Group Unveils $343 Million Capital Program to Boost Bitcoin Treasury Strategy

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The Blockchain Group (Euronext Paris: ALTBG) has announced the launch of a $343 million (€300 million) “ATM-type” capital increases program in partnership with TOBAM, a leading asset management firm and strategic investor. This program, inspired by the U.S. “At The Market” (ATM) offering structure, is designed to accelerate the company’s Bitcoin Treasury strategy by increasing […] Original

MapleStory Activity Drives Avalanche Past 1 Million Daily Transactions

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The Avalanche blockchain surpassed one million daily transactions twice in the span of a week, which is the first time the network hit this milestone since February 2024. Avalanche transactions topped the mark on June 1 and again on June 7. Total transactions for the week beginning June 2 reached 5.8 million, also the highest weekly total since early 2024 spikes, according to data from blockchain analytics platform Nansen. The spike in activity is largely driven by MapleStory Universe, Avalanche noted on X. MapleStory Universe is a Web3 gaming ecosystem…

Sui DEX Cetus Restarts from $220 Million Exploit, Hits Top Ten DEX in Hours

Key Notes The Cetus protocol utilized $7 million in cash reserves, a $30 million USDC loan, and partial recovered funds to replenish liquidity pools. To compensate affected users, Cetus has allocated 15% of its native token, CETUS, with 5% immediately available and 10% released monthly over a year. Despite recent challenges, Cetus has returned to the top-ten DEX by trading volume. Sui Protocol’s native decentralized exchange (DEX) Cetus has successfully relaunched once again following a massive $220 million exploit last month. In a major announcement, the DEX also announced that…

Cetus Relaunches After $200 Million May Hack

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Cetus Protocol, a Sui-native decentralized exchange that suffered a huge $220 million exploit in May, says it is now working on going open-source following its recent relaunch.  An attacker exploited a pricing mechanism flaw to drain tokens from Cetus’ major liquidity pools on May 22. The protocol managed to freeze $162 million of the stolen funds shortly after.  Trade volume on Cetus had been trending upward before the attack, registering over $5 billion in April and another $5 billion in May, despite shutting down after May 22.  Cetus liquidity pools…

Bitcoin Whale Breaks Silence with $26 Million Transfer — What’s Going On?

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Reason to trust 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. Based on reports, a long-dormant Bitcoin whale made a surprise move this week, snapping up 250 BTC for about $26.37 million. It’s the first time this wallet has shown activity in two years. Related Reading The…