On June 2, Strategy announced that it plans to offer an IPO of “10% Series A Perpetual Stride Preferred Stock” at $100 per share under the ticker STRD. It intends to use the net proceeds from the offering for “general corporate purposes, including the acquisition of Bitcoin and for working capital,” it stated. The firm … Read more
The Kurdistan Regional Government (KRG), the official executive body of the semi-autonomous Kurdistan Region in northern Iraq, has ordered the Ministry of Interior to create a special committee to shut down companies operating in the fields of electronic trading and digital currencies. The directive, issued by the Presidency of the Council of Ministers and dated … Read more
21Shares announces a 3-for-1 stock split for its flagship ARK 21Shares Bitcoin ETF (ARKB) to enhance accessibility and appeal for retail investors. The split, effective June 16, aims to lower the per-share price without altering the ETF’s Bitcoin exposure or net asset value, facilitating broader investor participation. According to 21Shares, the move is designed to … Read more
The U.S. government has extended its pause on some tariffs imposed on Chinese goods until August 31, 2025. This move comes during ongoing trade negotiations between the Donald Trump administration and several key global trading partners. The decision has drawn attention from both traditional financial sectors and cryptocurrency markets, as the delay is expected to … Read more
Russia’s largest commercial bank, Sber has launched a Bitcoin-linked bond product that tracks the cryptocurrency’s change in price and the dollar-to-ruble exchange rate. The product is already available to qualified investors in the over-the-counter market, and Sber plans to list the product on the Moscow Stock Exchange in the future, the company formerly known as … Read more
Key Points: Coinbase parted ways with TaskUs after data breach costs $400 million. 200 TaskUs employees were dismissed following the incident. Increased control measures implemented by Coinbase post-breach. Coinbase has ended its partnership with TaskUs following a security breach by Indian employees in January. The breach cost the exchange an estimated $400 million, revealing sensitive … Read more
On June 3rd, **COINOTAG News** reported that the **U.S. Securities and Exchange Commission (SEC)** is actively soliciting public feedback regarding potential amendments to the rules governing the **WisdomTree Bitcoin Fund**. This initiative involves the possibility of enabling **in-kind creation and redemption**, a significant step that could enhance operational flexibility for cryptocurrency **exchange-traded funds (ETFs)**. Historically, … Read more
Bitfinex analysts warn crypto markets are preparing for increased volatility as bitcoin undergoes its first significant correction since hitting a new all-time high and options markets show signs of overheating. Record Crypto Options Open Interest Coincides with Bitcoin Pullback According to Bitfinex analysts, bitcoin (BTC) dropped nearly 8% from its record peak of $111,880, reached … Read more
Key Points: China Everbright Holdings’ stock climbs due to Circle’s IPO plans. Shares surged 23.83% to HK$5.82. Circle’s IPO signals major developments in fintech and blockchain. China Everbright Holdings’ shares surged 23.83% to HK$5.82 in Hong Kong trading on June 3. The rise follows the news of Circle’s application for an IPO in the United … Read more
In brief Strategy is seeking to raise $250 million through preferred stock shares. The shares that pay a 10% dividend will be used to buy Bitcoin and cover working capital needs. Last week, the company acquired 705 BTC for $75 million, increasing total holdings to 580,955 BTC. Strategy, formerly MicroStrategy, announced plans Monday to raise … Read more