Elon Musk’s SpaceX raised $25 billion in its first-ever corporate bond sale, drawing nearly $90 billion in investor orders, less than two weeks after the company’s record-setting initial public offering (IPO). A Heavily Oversubscribed Debut SpaceX priced $25 billion of investment-grade notes on June 23, in what ranks as one of the largest debut corporate […]
Hut 8 (NASDAQ: HUT) has agreed to pay $2.35 million to settle a proposed securities class action brought by investors who accused the bitcoin miner of misleading the market about operational problems tied to its 2023 merger with U.S. Bitcoin Corp. This article first appeared in The Energy Mag. The original article can be viewed […]
A decree signed by President Lula on June 19 lets Brazil’s gambling regulator order banks to freeze the accounts of unlicensed betting operators within 24 hours – and, after due process, seize the money for an anti-crime fund – shifting enforcement from blocking websites to choking the financial rails beneath them. From web blocks to […]
A sharp cryptocurrency market sell-off on Tuesday morning triggered over $700 million in total liquidations, with long positions accounting for approximately $595 million of the losses. Ethereum and Altcoins Face Heavy Selling Liquidations across the cryptocurrency market surpassed $700 million Tuesday morning amid a sell-off that saw top digital assets post losses of 3% or […]
Federal Reserve Chair Kevin Warsh is scheduled to give his first congressional testimony on monetary policy before the House Financial Services Committee next month. The appearance comes weeks after he held interest rates steady at his debut policy meeting. A High-Stakes Debut Warsh is set to appear before the House Financial Services Committee at 10 […]
El Salvador added 8 BTC to its national bitcoin reserve over the past seven days, lifting its total holdings above 7,689 BTC worth roughly $490 million. Buying the Dip, Every Day The latest additions, tracked through the country’s official bitcoin reserve data, bring El Salvador’s stack to 7,688.37 BTC. Bitcoin.com News previously reported the reserve […]
A freshly created wallet deposited 6.68 million USDC into Hyperliquid and opened 20x leveraged short positions against bitcoin, solana and ether worth a combined $48 million. Anatomy of the Bet Onchain analytics firm Lookonchain reported that the wallet, labeled 0xaeaa, moved 6.68 million USDC onto Hyperliquid before opening the shorts. The breakdown is heavily weighted […]