๐ฃ Senator Elizabeth Warren says that the Cryptocurrency Clarity Act "will explode the economy" as it pushes a large portion of the economy towards cryptocurrency regulation.
๐ต๏ธ The Dartmouth College ETF invests in a Solana ETF, with its cryptocurrency holdings amounting to $14 million.
cointelegraph #etf
cointelegraph #etf
๐ฐ๐ท๐ค #OKB OKX plans to acquire 20% of South Korean cryptocurrency exchange Coinone.
๐ฅท According to ZachXBT, THORChain appears to have been exploited across multiple chains, including Bitcoin, Ethereum, #BSC, and Base. Stolen funds have already exceeded $10M.
๐ณ Bears just lost $38M. Bulls lost $26M. #BTC exchange reserves hit a 7-year low.
May 14 liquidations:
$38.05M shorts
$26.84M longs
Net pain to bears. Same window, exchange reserves dropped to the lowest level since 2018. Supply leaving the orderbook. Whale addresses added 3.7% during the correction. The squeeze nobody screenshot.
May 14 liquidations:
$38.05M shorts
$26.84M longs
Net pain to bears. Same window, exchange reserves dropped to the lowest level since 2018. Supply leaving the orderbook. Whale addresses added 3.7% during the correction. The squeeze nobody screenshot.
๐ฆ BTC HODL Bank just stretched to a 14-month high. HODLers are tightening their grip.
HODL Bank measures the cumulative unrealized wealth held by long-term holders. It rises when HODLers refuse to capitulate. The current reading mirrors mid-2020 and mid-2023 โ both opening moves of expansion legs.
HODL Bank measures the cumulative unrealized wealth held by long-term holders. It rises when HODLers refuse to capitulate. The current reading mirrors mid-2020 and mid-2023 โ both opening moves of expansion legs.
๐บ๐ธ๐ USA - NY Empire State Manufacturing Index (May) = +19.6 (exp +7.3 / prior +11)
๐ต๏ธ Strategy to Repurchase $1.5B Convertible Notes, May Fund Deal With Bitcoin Sales
The company disclosed in an 8-K filing that it has agreed to repurchase approximately $1.5 billion principal amount of its outstanding 0% Convertible Senior Notes due 2029 for an estimated $1.38 billion in cash through privately negotiated transactions. Funding may come from cash reserves, ATM equity sales, and/or Bitcoin sales.
The company disclosed in an 8-K filing that it has agreed to repurchase approximately $1.5 billion principal amount of its outstanding 0% Convertible Senior Notes due 2029 for an estimated $1.38 billion in cash through privately negotiated transactions. Funding may come from cash reserves, ATM equity sales, and/or Bitcoin sales.
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๐ฃ Figure says its robot crossed 30 hours of continuous autonomous work with no downtime.
๐บ๐ธ๐ฐ Kraken Parent Payward Cuts 150 Jobs Ahead of Planned IPO
According to CoinDesk, Payward, the parent company of crypto exchange Kraken, is laying off approximately 150 employees as part of an optimization and restructuring effort ahead of its planned IPO. The company employs around 3,000 staff globally. Payward confidentially filed a draft S-1 with the U.S. SEC last November and is seeking fresh funding at a $20 billion valuation ahead of a potential IPO once market conditions improve. #regulation
According to CoinDesk, Payward, the parent company of crypto exchange Kraken, is laying off approximately 150 employees as part of an optimization and restructuring effort ahead of its planned IPO. The company employs around 3,000 staff globally. Payward confidentially filed a draft S-1 with the U.S. SEC last November and is seeking fresh funding at a $20 billion valuation ahead of a potential IPO once market conditions improve. #regulation