Michael Saylor has announced that MicroStrategy successfully raised $3 billion through a convertible senior note offering. According to the company’s Executive Chairman, the offering carries a 0% coupon rate and a 55% premium, setting the implied strike price at around $672 per share. $3 Billion Convertible Notes Offering In an...
Crypto Price Analysis November-22: XRP, ADA, OP, SOL, and DOGE
This week, we examine Ripple, Cardano, Optimism, Solana, and Dogecoin in greater detail. Ripple (XRP) XRP just had one of the best months in years, and its price increased by 74% this week alone, bringing it close to $1.5. In the last bull market, XRP reached almost $2 before sellers...
Pi Network (PI) News: Here’s the Latest Update
TL;DR Pi Network users must complete KYC, set up wallets, sign agreements, and finish other tasks by a previously set deadline, or risk losing access to their tokens. The Pi Core Team plans to unveil the open mainnet roadmap in December, sparking mixed reactions over potential delays. Complete These Vital...
BYDFi Launches 8100 USDT Welcome Bonus Campaign to Offer Users Exclusive Benefits
[PRESS RELEASE – Seychelles, Seychelles, November 22nd, 2024] In the expansive world of cryptocurrency trading, BYDFi is focused on providing users with a premium trading experience and attractive rewards. By registering and completing simple tasks, users have the opportunity to unlock rewards of up to 8100 USDT, providing an accessible...
Massive Ripple (XRP) Price Surge, Another Warning for Shiba Inu (SHIB) Users, and More: Bits Recap Nov 22
TL;DR Ripple (XRP) hit $1.40, boosted by news of SEC Chair Gensler’s upcoming resignation, sparking hopes for a more crypto-friendly regulator. The Shiba Inu team warns against scammers targeting its community with fake tokens and services. Bitcoin (BTC) climbs toward $100K, driven by Trump’s pro-crypto stance, with analysts eyeing further...
Will Crypto Markets Keep Cranking When $2.8B Bitcoin Options Expire Today?
Around 29,000 Bitcoin options contracts will expire on Friday, Nov. 22, and they have a notional value of around $2.84 billion. Today’s options expiry is slightly smaller in magnitude than last week’s, but spot crypto markets are on fire, with peak prices being hit by several assets. A huge $9...
Yo-Yo.ai Launches Real-Time Prediction Model in Crypto and Stocks with $300M Hedge Fund
[PRESS RELEASE – Seoul, South Korea, November 21st, 2024] Yo-Yo.ai Launches Real-Time Prediction Model in Crypto and Stocks with $300M Hedge Fund Yo-Yo.ai, a pioneering AI research lab, has launched groundbreaking trials with a $300 million programmatic hedge fund to leverage its advanced AI-driven price prediction engine. With a 75% accuracy rate,...
Retail Investors Persist in Holding ETH Despite Asset’s Recent Surge: CryptoQuant
Since the Trump Trade narrative ran its course in the crypto market, several digital assets, including Ethereum, have surged in value; however, while most coins have seen investors take profits, the same cannot be said for ETH. According to a CryptoQuant report by pseudonymous analyst Onatt, retail ETH investors appear...
South Korean Police Confirm North Korea Orchestrated the $50M Upbit Crypto Heist
South Korean investigators revealed that the 2019 Upbit cryptocurrency heist, which resulted in the theft of $50 million worth of ETH, was carried out by North Korean hacking groups Lazarus and Andariel, linked to the Reconnaissance General Bureau, which happens to be DPRK’s premiere intelligence organization. Upbit, one of South...
New York Judge Approves Celsius’s Request to Serve Legal Notices Through NFT Airdrops
A Southern District of New York Bankruptcy Judge has approved Celsius Network’s request to serve legal notices via non-fungible token (NFT) airdrops. Celsius, currently undergoing insolvency proceedings, seeks to recover funds from allegedly fraudulent transfers to unidentified digital wallets. Alternative Solution Following its bankruptcy, the company sued to void the...