Bitcoin Traders Seek Downside Protection Ahead of Fed Chair Powell’s Comments
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CoinDesk
Fed Preview: 'Nuanced Demand' for Protective Bitcoin (BTC) Puts Observed Ahead of Powell's Comments on June Rate Cut
We have only seen some nuanced demand for protective BTC puts, reflecting limited caution among sophisticated traders, Deribit's CEO told CoinDesk.
DogeOS Raises $6.9M to Launch Dogecoin App Layer
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CoinDesk
DOGE News: DogeOS Raises $6.9M to Launch Dogecoin App Layer
The funding will enable DogeOS to support a variety of consumer apps, enhancing the Dogecoin ecosystem and its decentralized finance services.
Bitcoin Mining Rig Maker Canaan Could Have 5X Upside, Says Wall Street Analyst
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CoinDesk
Canaan Stock News: Started at Benchmark With Buy Rating, $3 Price Target
Benchmark's Mark Palmer initiated coverage on the firm's roughed-up shares with a buy rating and $3 price target.
SOL Strategies Buys $18M of Solana Tokens With First Tranche of $500M Note Deal
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CoinDesk
Solana News: SOL Strategies (HODL) Buys $18M in Solana's Tokens; Stock Slides 10%
The Canadian firm bets on Solana by using debt financing to scale its validator footprint and crypto holdings.
Trump's Crypto Play Fuels Senators' Backlash and Bill to Ban President Memecoins
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CoinDesk
Trump's Crypto Play Fuels Senators' Backlash and Bill to Ban President Memecoins
Democratic Senator Chris Murphy pushed a bill to block presidential coins while Elizabeth Warren described how to get Dems to move forward on stablecoins.
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ECB Establishes Innovation Hub to Test Digital Euro as Preparation Phase Nears End
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CoinDesk
European Central Bank Sets Up Innovation Hub to Test CBDC as Preparation Phase Nears End
The hub has 70 participants including Accenture, KPMG and CaixaBank.
MARA Holdings Cut to Sell at Compass Point Ahead of Earnings, Citing Cash Burn
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CoinDesk
MARA Stock News: Compass Point Downgrades to Sell Ahead of Earnings
Compass Point slashed Marathon’s price target to $9.50, warning of dilution and premium bitcoin exposure.