Dogecoin (DOGE), the king of meme coins, could flip Tron (TRX) out of eighth place, according to the market capitalization ranking. The meme coin currently occupies ninth place with a market cap of $25.16 billion compared to Tron’s $25.47 billion. Dogecoin gaining momentum despite price dip CoinMarketCap data shows that Dogecoin is approximately $324 million … Read more
Officials with the US Department of Justice announced the seizure by the Secret Service of more than $225 million “linked to cryptocurrency investment scams.” In a Wednesday notice, the DOJ said it had filed a civil forfeiture complaint against more than $225.3 million in cryptocurrency. In the US legal system, such complaints are filed against the assets … Read more
Arthur Hayes said that stablecoin issuers who cannot immediately tap a large exchange, a Web2 platform, or a legacy bank will struggle to survive. In a June 16 blog post, the BitMEX co-founder recounted how the banking shutdowns in the 2010s in Hong Kong and Mainland China drove traders toward Tether. Bitfinex and Tether allowed … Read more
Bitdeer Technologies Group priced an upsized private offering of $330 million in convertible senior notes due 2031. The Singapore-based bitcoin mining company increased the offering size from an initially announced $300 million. Bitdeer Upsizes Convertible Note Offering The 4.875% notes, maturing July 1, 2031, were sold to qualified institutional buyers. Initial purchasers hold a 13-day … Read more
The Federal Reserve’s decision to hold interest rates steady reflects a cautious approach amid persistent inflation and geopolitical tensions. Bitcoin demonstrated resilience by recovering losses ahead of the Fed announcement, signaling investor confidence despite macroeconomic uncertainties. According to COINOTAG, the Fed’s data-dependent stance underscores the complexity of balancing inflation control with economic growth in a … Read more
Bitdeer Technologies Group, a Bitcoin mining company based in Singapore, announced the offer of $330 million in senior convertible notes to support multiple initiatives, including data center expansion and further development of ASIC-based mining rigs. According to the announcement, the convertible notes will be due in 2031. Of the total, $130 million will be allocated … Read more
Fidelity Digital Assets released a new report that reveals that for the first time in history, more bitcoin is entering “ancient supply,” which refers to coins that have remained unmoved for 10 years or more, than are being mined. As of June 8, 17% of all bitcoin falls into the category of “ancient supply”—meaning these … Read more
CoinDesk Indices presents its daily market update, highlighting the performance of leaders and laggards in the CoinDesk 20 Index. The CoinDesk 20 is currently trading at 2988.69, down 1.4% (-41.38) since 4 p.m. ET on Tuesday. None of the 20 assets are trading higher. Leaders: BTC (-0.2%) and LTC (-0.4%). Laggards: SUI (-4.4%) and AAVE … Read more
Three major Chinese bitcoin mining rig manufacturers—Bitmain, Canaan, and MicroBT—are relocating their production to the United States. This move allows them to circumvent the punitive tariffs imposed on Chinese imports. Chinese Trio Dominate Global Mining Rig Market In what will be seen as a vindication of U.S. President Donald Trump’s tariff policies, three Chinese bitcoin … Read more
Crime New York regulators have shut down a cryptocurrency investment scam that targeted Russian-speaking residents in Brooklyn using deceptive Facebook ads. The operation led to the seizure of $140,000 and the freezing of an additional $300,000 in cryptocurrency, according to a statement from the New York State Department of Financial Services (NYDFS) released Wednesday. The … Read more