Diana Shipping Inc. has initiated a tender offer to buy all outstanding shares of Genco Shipping & Trading at $23.50 per share in cash, representing a 31% premium over Genco's undisturbed share price. This move follows five months of unsuccessful attempts to engage with Genco's board, which rejected Diana's earlier proposals. The offer is fully financed with $1.433 billion secured and includes a plan to sell 16 Genco vessels to Star Bulk Carriers for $470.5 million upon acquisition. Diana urges Genco shareholders to accept the offer, highlighting the immediate cash value compared to long-term dividends, and has nominated six independent directors to Genco's board to ensure shareholder interests are prioritized. The tender offer expires on June 2, 2026, unless extended.
XRP climbed about 3% to an intraday high of $1.11 on July 3, rebounding from $1.02 two days earlier. This gain follows a buy signal from the Supertrend indicator and nearly $7 million in fresh inflows into XRP ETFs after a brief withdrawal period. Ri...
Kraken, the first official crypto partner of the 2026 World Cup, is running the "Here We Go! Sweepstakes" contest from June 20 to July 20, 2026. Traders earn one entry per dollar traded on eligible spot and instant trades, with a chance to win 1 full...
Dogecoin's net position delta is increasing despite price consolidation near recent lows, indicating accumulation by investors. A significant drop in profitable holders suggests a potential market bottom, supported by a TD Sequential buy signal point...
Bitcoin has recovered above $62,000 after defending the $58,000 support level twice, signaling a strong buying zone. This rebound was driven by a combination of easing inflation fears, a short squeeze, and a structural shift as European traders move ...
Bitcoin investors currently hold an average unrealized loss of about 20%, with the True Market Mean (TMM) cost basis near $76,700 acting as a key resistance level. This TMM reflects the average acquisition cost of active holders, excluding dormant co...
