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Marathon Digital Holdings (MARA) announces a proposed $250 million private offering of convertible senior notes to acquire bitcoin and for corporate purposes. (Read More)
CoreWeave, Inc. has announced the pricing and expansion of its senior notes offering to $2 billion, with the proceeds directed towards corporate purposes. (Read More)
CoreWeave, Inc. aims to raise $1.5 billion via a senior notes offering, intended for corporate purposes including debt repayment. The notes will be offered to qualified institutional buyers. (Read More)
On Monday, FTX released a second investigative report accusing co-founder Sam Bankman-Fried and senior executives of commingling customer deposits and corporate funds and misusing them. The report alleges that they spent $243 million on luxury residential real estate for senior staff and family members, as well as on commercial properties. FTX Execs Accused of $243 [...]
The post FTX Co-Founder SBF and Inner Circle Accused of Lavish Spending and Fraud in Latest Bankruptcy Report appeared first on Crypto Breaking News.
The latest market news is dominated by today’s investor reaction to the inflation readings out of the United States. The hot CPI data saw asset classes bleed, including stocks, bond ETFs and gold.
Eric Balchunas, a senior ETF analyst at Bloomberg, has warned that with the broader market going down together, there’s nowhere for investors to hide.
The analyst’s comments follow today’s US inflation data that had the September readings for the consumer price index (CPI) printing at a 40-year high dating back to 1982.
Gold down by over 1% as markets dump on CPI dataThere were sharp losses all across the markets, not just risk assets – as gold prices fell by nearly 1.5% to mirror declines across equities, long term bond ETFs and crypto.
As we reported this morning, stocks erased gains made during the futures trading hours in the lead up to the CPI release.
Balchunas highlighted the scenario that had charts for the S&P 500 and Gold both down by more than 1% as “rare” and an indicator that there is “nowhere to hide.”
$SPY, $TLT and $GLD all down over 1% on CPI print. All their charts look the same. Rare. Nowhere to hide. pic.twitter.com/t8oHswVtN2
— Eric Balchunas (@EricBalchunas) October 13, 2022Commenting further on the day’s market outlook amid reaction from investors, Balchunas added:
“I keep thinking about those days of the ‘everything rally’ where everything went up together. Now, the opposite. To quote Goodfellas, “This is the bad time.””
Gold remains perched near its 200-week moving average near $1,652.90 per ounce and an uptick for the greenback after today’s news could add to recent pressure. Its likely further pressure for the precious metal is a given if the dollar strengthens, which would push gold prices more than 3% in the red over the past month.
The post Gold down as Senior ETF analyst sees ‘nowhere to hide’ appeared first on Invezz.
Marathon Digital Holdings, a Nasdaq-listed Bitcoin mining company has announced its plans to raise half a billion dollars as a debt offering via convertible senior notes. (Read More)
Argo Blockchain has filed an application with the United States Securities and Exchange Commission to offer $57.5 million worth of 8.75% senior unsecured notes to interested investors. (Read More)
Reddit is in the process of making its own NFT platform. Posts job listings for Senior Backend Engineers. Future plans
The post has appeared first on thenewscrypto.com
Coinbase seeks to sell out $1.5 billion worth of Senior Notes to power its product development drive. (Read More)
Former US Congressman McHenry Joins A16Z as Senior Advisor Charles Taylor “Charlie” McHenry, a former United States Congressman, is set to join the prestigious venture capital firm Andreessen Horowitz (A16Z) as a senior advisor. With his extensive experience in public policy and regulatory affairs, McHenry will provide strategic guidance to A16Z on navigating the complex [...]
The post Former Congressman McHenry Joins a16z as Senior Advisor: Exciting News Ahead! appeared first on Crypto Breaking News.
During the weekend, discussions about central bank digital currencies, or CBDCs, trended on social media as many people believe the idea will result in increased financial surveillance and a totalitarian monetary system. In a recent interview, Lynette Zang, the chief market analyst at ITM Trading, warned that CBDCs will “take the world into a full [...]
The post CBDC Debate Heats Up: BIS Project Sparks Controversy Among Critics; Lynette Zang Warns of Dangers of CBDCs appeared first on Crypto Breaking News.
MARA Holdings urged the US government to be more aggressive in securing positions in Bitcoin and Bitcoin mining.
MicroStrategys 0% senior convertible note means it will not need to pay regular interest to bondholders.
Coinbase has commenced a cash tender offer for up to $150M of its 3.625% Senior Notes due 2031, expiring on September 1, 2023. (Read More)
Bitcoin is trading just under $28,000 after a fresh rejection near the key technical level of $30,000. Stock futures were largely muted on Monday ahead of a week likely to be punctuated with movement related to reaction to core inflation data. While analysts continue to offer major bullish price predictions for BTC, such as the …
<p>The post Bitcoin price could pace declines for risk assets, senior macro strategist says first appeared on CCNC | Cryptocurrency Newscast.</p>
Polygon (MATIC) is slightly shedding its gains today as the bears aim to seize control of its price. Despite the price fluctuations, its trading volume is up by 16%, indicating growing interest from traders. Polygon has dropped below the $1 mark since April 23. However, it trades within the $0.9 and $1 price range. What’s Next For MATIC? MATIC is in a sideways trend today, forming a red candle on the price chart. The recent price volatility might reflect the activities in the general crypto market, where the top coins are slightly gaining. Related Reading: PEPE Market Cap Crosses $1 Billion As Gemini Listing Rumors Spread MATIC has dropped below its 50-day and 200-day Simple Moving Averages (SMA), with bearish sentiment in the short and long term. Also, its Relative Strength Index (RSI) is 40.24 in the neutral zone. However, the indicator is moving downwards and might descend into the oversold region of 30 if the bears prevail. MATIC’s Moving Average Convergence/Divergence (MACD) is slightly above the signal line and shows convergence. Also, it has a negative value, a bearish signal for the asset. The technical indicators suggest that MATIC might experience further price decline before the bulls rally again. MATIC is trading close to the $0.9451 support level, and the bears at the $1.0064 resistant level have kept its price down. If the current market conditions persist, a descent to the next support level of $0.9231 is possible. However, MATIC is currently in a sideways trend reflecting traders’ hesitation in the market. It will likely fall to the $0.9451 resistance before the bulls rally again. Securitize Launches On Polygon Despite Price Drop A trading firm, Securitize, launched a feeder fund on the Polygon blockchain. Investors can use these funds to collect secure loans and access liquidity on the platform. Also, this funding is in collaboration with Hamilton Lane (Nasdaq: HLNE) which is exclusive to the polygon blockchain. Related Reading: Bitcoin Miners Reap Profits As Mining Difficulty Hits 3-Month Low Hamilton Lane launched the Senior Credit Opportunities Fund (SCOPE) in October 2022. A portion of the SCOPE funds is now available through Securitize. This new investment feature reduces the minimum investment threshold for investors from $2 million to $10,000. The SCOPE initiative targets investment in privately held market-leading information technology and business services assets. The CEO of Securitize Inc., Carlos Domingo, stated that smart contracts built on blockchain networks could improve manual processes such as share redemptions that take weeks to seconds. Also, he believes it eliminates the need for intermediaries and unnecessary fees, thus eliminating the barrier of entry for some investors. Such developments are highly beneficial to Polygon’s network and might improve its price eventually. -Featured image from Pixabay and chart from Tradingview
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