Mining firm MARA Holdings, formerly Marathon Digital, announced plans to offer $700 million in 0.00% convertible senior notes due 2030 to qualified institutional buyers. The company may allow initial buyers to purchase an extra $105 million in notes within 13 days of issuance. $700M Convertible Notes Offering MARA plans to use up to $50 million…
Bitcoin’s exchange supply ratio has declined to 0.13, the lowest level since February 2018. This ratio, measuring the proportion of Bitcoin held on exchanges relative to the total circulating supply, was at 0.18 at the start of 2022 and 0.158 at the beginning of this year. Bitcoin Exchange supply ratio (Source: CryptoQuant) A decreasing exchange…
TL:DR; XRP continues to make the headlines, with another notable surge that pushed its price beyond $2.7 for the first time in almost seven years. On-chain data has attributed this mindblowing monthly rally to whales accumulating the asset, mostly on Coinbase. It almost seems like a repeat now when it comes down to XRP’s price…
Digital asset investment products experienced their second-lowest weekly inflows in the past eight weeks, totaling $270 million, according to CoinShares‘ latest fund flow report. This brings the total year-to-date inflow to $37.3 billion. James Butterfill, Head of Research at CoinShares, highlighted an unusual contrast in the flows across different assets within the class. He noted…
A Solana-based memecoin themed on viral Thai zoo hippo Moo Deng surged by more than 67% after it was listed on cryptocurrency exchange Coinbase on Monday. Its market cap is now pushing back towards $500 million after a two-week lull that saw the token’s price drop from $0.67 to $0.30. It is currently trading at…
Mantra price has declined in recent days, entering a local bear market with a 30% drop from its all-time high. Mantra (OM) token was trading at $3.54, bringing its market cap to over $3.28 billion. It has become the 45th…
Genius Group Limited, an education and AI firm based in Singapore, has expanded its Bitcoin-focused strategy by acquiring an additional $1.8 million worth of Bitcoin. This acquisition brings the company’s total holdings to 172 Bitcoin (BTC), valued at $15.8 million,…
The proposed US Bitcoin strategic reserve is expected to take the Bitcoin price to $150,000. Analysts also highlighted that an RWA project will rally more than most altcoins and deliver a massive 24,900% gain by moving from $0.004 to $1. Which RWA project is the analyst talking about? Let’s find out below. Details of Analyst…
<a href=”https://www.coindesk.com/indices/” target=”_blank”>CoinDesk Indices</a> presents its daily market update, highlighting the performance of leaders and laggards in the <a href=”https://www.coindesk.com/indices/cd20/” target=”_blank”>CoinDesk 20 Index</a>. The CoinDesk 20 is currently trading at 3696.8, up 5.6% (+195.83) since 4 pm ET on Friday’s. Three of 13 assets are trading higher. Leaders: HBAR (+42.3%) and XRP (+38.5%). Laggards: SOL…
Cardano has surged massively this month, and many traders have captured excellent returns with the rally. However, as the price slows, it is uncertain whether ADA will continue the uptrend, and the Cardano whales are switching to a new opportunity – the PropiChain token presale. The whales are flocking to acquire PCHAIN before the price…
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