Strategy (MSTR) has launched its third perpetual preferred instrument, the Series A Stride Preferred Stock (STRD), as it continues building out a structured yield curve for its capital stack. With a 10.00% non-cumulative fixed dividend and perpetual duration, STRD aims to provide long-term, high-yield exposure positioned between the firm’s senior preferred (STRF) and convertible preferred … Read more
Coinbase (COIN) is petitioning a federal court to take over jurisdiction of Oregon’s lawsuit accusing it of selling unregistered securities, arguing the state is improperly interfering with federal efforts to clarify digital asset regulations. In a filing late Monday evening, Coinbase argued that Oregon Attorney General Dan Rayfield’s lawsuit which it initiated in April over … Read more
Bitcoin BTC hovered above $105,000 on Tuesday, marking a steady climb after a sell-off over the weekend and Monday resulted in nearly $1 billion in liquidations, rattling traders. Ether ETH led gains among majors at 4.5%, coming as the blockchain’s Foundation restructured staffing to focus on protocol developments in a competitive and crowded network landscape … Read more
The rebound in digital assets since early April has been marked by a significant shift in activity, with Asian trading hours gaining market share in global bitcoin BTC, ether ETH and solana SOL spot trading volumes, while the U.S. steadily loses ground. The U.S. trading hours’ share of the spot volume in the three major … Read more
XRP’s XRP ballooning open interest reflects a surge in speculative activity and hints at a potential price breakout in the near term, market watchers say, as the token trades around $2.20 as of Tuesday morning. “XRP’s open interest has surged to nearly $5 billion (over the weekend), indicating increasing speculative activity as traders take sizable … Read more
Good Morning, Asia. Here’s what’s making news in the markets: Welcome to Asia Morning Briefing, a daily summary of top stories during U.S. hours and an overview of market moves and analysis. For a detailed overview of U.S. markets, see CoinDesk’s Crypto Daybook Americas. Bitcoin BTC is trading around $106,402.39 as Asia begins its trading … Read more
The U.S. Senate’s stablecoin bill is heading back into the final days of floor debate, and the crypto industry’s Washington lobbyists are calling for senators to stay focused on the task even as other legislative efforts muscle into the debate. If the bill clears those potential obstacles and passes this week, it’ll mark the first … Read more
Bitcoin MagazineMichael Saylor’s Strategy Announces Initial Public Offering of 2,500,000 STRD Shares Today, Strategy (Nasdaq: MSTR; STRK; STRF) has announced that it plans to conduct an initial public offering of 2,500,000 STRD shares of Strategy’s 10.00% Series A Perpetual Stride Preferred Stock. JUST IN: Michael Saylor’s Strategy announces Initial Public Offering of STRD stock to … Read more
Bitcoin MagazineTether Group & Bitfinex Transferred 25,812 BTC to Jack Mallers’ Twenty One Capital Today, Tether Group and Bitfinex have transferred a combined 25,812.22 BTC to support their investment in Twenty One Capital, a newly formed Bitcoin-native company set to go public through a business combination with Cantor Equity Partners (Nasdaq: CEP). Tether moved 14,000 … Read more
The Ethereum Foundation has laid off some members of its research and development team as part of a broader restructuring effort aimed at refocusing on critical protocol design challenges, the organization said in a blog post Monday. The shake-up comes as the Switzerland-based nonprofit grapples with ongoing criticism over its management and strategic direction. Some … Read more
