MicroStrategy announced an increase in its preferred stock offering from $250M to $584M, issuing 7.3M shares at $80 each. The raised capital is expected to fund corporate strategies and potential Bitcoin acquisitions, reinforcing the company’s position in the digital asset sector.
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Category: Cryptocurrencies
US SEC Approves NYSE Arca’s Proposal to List Bitwise Joint Bitcoin and Ether ETF
The SEC’s “accelerated approval” grants NYSE Arca to list and trade shares of the hybrid Bitwise’s fund that holds spot Bitcoin, Ethereum, offering dual crypto exposure.
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Pump.Fun Slapped With Second Lawsuit Accusing of Violating US Securities Laws
Pump.fun allegedly sold unregistered securities disguised as meme tokens and attracted nearly $500 million in fees.
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Seven UK Gang Members Jailed for Kidnapping and Torturing Crypto Investor
Seven members of a UK gang have been sentenced to lengthy prison terms for kidnapping, torturing, and extorting a cryptocurrency investor.
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Elon Musk’s Father Joins Meme Coin Craze with “Musk It,” Plans $200M Raise
Errol Musk, father of billionaire entrepreneur Elon Musk, has become the latest figure to jump into the meme coin frenzy.
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ECB President Christine Lagarde Rejects Bitcoin for EU Reserves
ECB President Christine Lagarde has dismissed Bitcoin as a reserve asset, citing concerns over liquidity, security, and regulatory risks, despite a recent 25-basis-point interest rate cut to 2.75% aimed at stabilizing the economy.
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Overheating Crypto Mining Rigs Blamed for Another South Korea Fire
Overheating crypto mining rigs have caused another major fire in South Korea, emergency services in North Jeolla Province have claimed.
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Governor of Russian Bitcoin Mining Hotspot Calls for Year-round Ban
The energy woes of the Russian Bitcoin mining hotspot of Irkutsk are intensifying, with the region’s Governor calling for a “year-round ban” on crypto mining.
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Hedge Fund Elliott Sees Trump’s Crypto Push Inflating a Bubble Bound to Pop
Elliott Management warns that Trump’s pro-crypto policies are fueling a speculative bubble that could lead to market havoc.
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Chainalysis Report: Market Manipulation Impacts Billions in Crypto Trading Volume
New research from Chainalysis uncovers billions in crypto trading volume tied to market manipulation. The report details how wash trades, pump-and-dump schemes, and insider influence impact market integrity, raising concerns over regulatory oversight and investor protection in the evolving blockchain space.
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