Lombard and Story Partner to Revolutionize the Creator Economy via Bitcoin-Backed Infrastructure
Lombard and Story Partner to Revolutionize the Creator Economy via Bitcoin-Backed Infrastructure
Citizens Sees SharpLink (SBET) As A Breakout Ether (ETH) Financial Play With More Than 200% Upside
Citizens has initiated coverage on SharpLink Gaming (SBET) with a market outperform rating and a $50 price target, implying a potential upside of more than 200%, the bank said in a Wednesday report. Shares were 2% higher in early trading, around $15.45. The bank’s bullish stance rests on a positive long-term view of ether’s price
SharpLink Raises $76.5M
The second largest publicly traded ether tax company, SharpLink Gaming (SBET), has raised $76.5 million in a direct equity offering at an above-market price. The Minneapolis-based company said in a press release that it sold 4.5 million shares at $17 a share. The sale price also reflected a premium to the company’s net asset value
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MoonPay Unveils Unified Crypto Payments Platform ‘MoonPay Commerce’
MoonPay has launched MoonPay Commerce, a unified crypto payment platform built on technology from its acquisition of Helio, the company said in a press release Thursday. The rollout brings Helio’s checkout tools fully under the MoonPay brand, offering merchants, creators and developers a faster and simpler way to accept crypto payments globally, the company said.
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BNB is now down 11% from record highs despite Coinbase Roadmap listing
BNB is now down 11% from its all-time high of $1,370 this week, hitting an intraday low of $1,151.50 before stabilizing near $1,180. Its latest addition to Coinbase’s listing roadmap hasn’t helped it recover. The drop triggered more than $630 million in liquidations across 210,000 trading accounts as the market turned risk-off. The token’s 24-hour
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Bitfarms targets $300m growth convertible note sales
Bitfarm’s (BITF) share price has fallen 4% pre-market as it announced a proposed offering of $300 million in convertible senior notes due January 15, 2031, with an option for the first buyers to purchase an additional $60 million within 13 days of the issuance. The notes, senior unsecured obligations, will pay interest semi-annually from July
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Visa says it will build the rails for lending in ‘Onchain Finance’, its new name for DeFi
Visa built the world’s largest payments network, pushing nearly $16 trillion in payments through its virtual pipes. Now it wants to do the same for lending in the world of decentralized finance (DeFi). The report titled Stablecoins Beyond Payments: The Onchain Lending Option, reframes decentralized finance as “onchain finance”—a deliberate rebrand aimed at making decentralized
BTC faces heavy selling pressure despite seasonally bullish expectations
Bitcoin continues to trade sluggishly around the $110,000 level and remains under pressure compared to gold. Onchain data from Glassnode shows that selling pressure from long-term holders (LTHs) is intensifying. Glassnode defines LTHs as investors who have held bitcoin for 155 days or more. Currently, LTHs have a combined approximately 14.5 million BTC, but they
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Australia’s government proposes new powers for AUSTRAC to restrict crypto ATMs
Australia’s Home Affairs Minister Tony Burke is looking to give new powers to the country’s anti-money laundering watchdog to crack down on cryptocurrency ATMs. Burke proposed measures to enable the Australian Transaction Reports and Analysis Center (AUSTRAC) to restrict or ban certain high-risk products, according to an announcement on Thursday. The announcement did not describe
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Ripple Buildout Near $2.40 Could Precede Sharp Relief Rally
Heavy institutional selling wipes out 10 billion. USD in market capitalization as leverage settles across derivatives markets. News background XRP endured one of its steepest one-day declines this month, falling 6% from $2.49 to $2.41 between October 14 and 15. The drop followed sustained whale distribution, with 2.23B tokens – worth around $5.5B – moved
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