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
ETF issuer and asset management firm BlackRock is expanding its Bitcoin portfolio with billions of dollars in fresh investments. According to Arkham Intelligence data, on June 17, BlackRock purchased $250 million worth of Bitcoin (BTC). The acquisition is part of a broader accumulation streak that has now spanned six consecutive days, bringing the firm’s total … Read more
Key Takeaways Bitcoin held steady at $104K as the Federal Reserve maintained interest rates at 4.25%-4.50%. The Fed projects two rate cuts in 2025, with a gradual easing to 3.4% by 2027. Bitcoin hovered around $104,200 on Wednesday after the Federal Reserve left its benchmark interest rate unchanged at 4.25% to 4.50%, in line with … Read more
U.S. authorities filed a civil forfeiture complaint targeting over $225.3 million in cryptocurrency allegedly linked to laundering proceeds from widespread cryptocurrency investment scams. Secret Service, FBI Trace and Seize $225M in Crypto Scam Proceeds The U.S. Attorney’s Office for the District of Columbia filed the complaint in federal court on June 18, 2025. It alleges … Read more