Author: CryptoHoppers
Key Takeaways Tether has acquired a minority stake in the Spanish crypto platform Bit2Me. The crypto exchange serves over 1.2 million users and 7,000 companies. Share this article Tether said Thursday the firm had taken a minority stake in Bit2Me, a Spanish-speaking crypto platform. The stablecoin issuer is spearheading a €30 million funding round as part of the deal, which is expected to wrap up in the next few weeks.Commenting on the latest investment, Tether CEO Paolo Ardoino praised Bit2Me’s commitment to building a compliant, secure, and intuitive ecosystem for digital assets. “Their focus on education, transparency, and user empowerment…
Coinbase hit $106 billion in value after joining the S&P 500 earlier this year, riding a 69% rally that pushed it to the front of the crypto-to-Wall-Street pipeline. That run ended hard last week when the stock dropped 17% after its earnings release, the second-biggest post-earnings dip in the company’s history. Analysts are now asking whether Coinbase can keep charging higher fees without losing ground to cheaper competitors. For years, the company ignored pressure to drop its fees, even increasing them in March for some stablecoin trades. But the game has changed. Robinhood and Kraken are closing in fast, and…
[…] internal stability. The ministry added that once biometric data is collected and uploaded to decentralized systems, it becomes nearly impossible to recover or delete – posing a permanent risk to national […] Source link
Key Takeaways AI startup Rillet raises $70M Series B to transform ERP for SaaS firms, with a16z and ICONIQ backing its automation-first accounting tools. This follows Rillet’s $25 million Series A in May, led by Sequoia Capital. Share this article Rillet, an AI startup reimagining ERP (enterprise resource planning) with automation-first accounting tools for SaaS and high-growth companies, has raised $70 million in Series B funding co-led by Andreessen Horowitz (a16z) and ICONIQ, the company announced Wednesday.This brings Rillet’s total funding to over $100 million in under a year. Seth Pierrepont, General Partner of ICONIQ, and Alex Rampell, General Partner…
Key NotesCoinbase announced a proposed private offering of $2 billion in convertible senior notes.The funds are for general corporate purposes, including potential acquisitions and debt repayment.The offering includes capped call transactions to reduce potential stock dilution for shareholders. Coinbase Global, Inc. has announced its plan to offer $2 billion in convertible senior notes in a private offering. The move aims to raise capital for general corporate purposes and strategic investments amid a period of market pressure. The announcement appears to weigh in on investor sentiment. In morning trading on Aug. 5, Coinbase’s stock fell over 3% to around $307, continuing…
TLDR: Alpen’s public testnet lets developers build apps for trading, lending, and stablecoins on Bitcoin. The network will replace the devnet in two weeks, allowing teams to migrate and collaborate. Alpen introduces a 1-of-N verifier using BitVM2 for secure and trustless financial apps. Future updates, including the Glock verifier, aim to boost efficiency by up to 1000x. Bitcoin’s financial future keeps getting clearer. Alpen Labs has opened its public testnet, giving developers a live preview of what’s next for Bitcoin finance. The move offers a working ground for apps that once lived only on centralized exchanges or wrapped tokens. Alpen…
Key Takeaways The Michigan retirement fund tripled its ARK Bitcoin ETF holdings to 300,000 shares in Q2. This move shows a significant increase in the fund’s exposure to digital assets like Bitcoin. Share this article The State of Michigan Retirement System, one of the largest public pension funds in the U.S., tripled its stake in the ARK 21Shares Bitcoin ETF (ARKB) during the second quarter, according to a new SEC filing.As of June 30, the fund reported holding 300,000 shares of ARKB, up from 100,000 shares disclosed in April.The State of Michigan Retirement System previously disclosed an acquisition of 460,000…
Key Takeaways Trump Media reported a $20 million Q2 loss despite its $2B Bitcoin treasury, raising questions about its crypto gains. Meanwhile, it pushes ahead with digital ventures like Truth.Fi and tokenized subscriptions. Trump Media & Technology Group [DJT], the firm behind Truth Social and a vocal backer of a Bitcoin [BTC] treasury strategy, saw its stock drop nearly 4% on the 4th of August to $16.92 after reporting a $20 million net loss for Q2. Source: Google Finance This drop seems to be largely driven by $15 million in legal fees tied to its prolonged SPAC merger. The legal…
Key Takeaways Bullish aims to raise up to $629 million in its IPO at a $4.2 billion valuation. The firm plans to convert IPO proceeds into stablecoins through partnerships with token issuers. Share this article Peter Thiel-backed crypto exchange Bullish plans to raise up to $629 million in its initial public offering (IPO), targeting a valuation of up to $4.2 billion, according to a Monday SEC filing.The filing comes after the company, which serves institutional crypto traders and owns media outlet CoinDesk, formally filed for a US IPO with the SEC last month.Bullish is offering 20.3 million shares on the…
The founder and CEO of digital asset investment firm BKCM, Brian Kelly, believes Bitcoin (BTC) could skyrocket by triple-digit percentage points if a core use case is heavily adopted. In an interview on the RiskReversal Media YouTube channel, Kelly says Bitcoin could explode by around 600% from the current level if the crypto king reaches the current market cap of gold. “Let’s just say all you do is use it [Bitcoin] as a substitute for gold. That’s one use case among many others… …and it takes over gold. I think the market cap of gold right now is somewhere around…