MARA Holdings pledged 18,750 BTC valued at about $1.2 billion to secure $600 million in new financing from Coinbase Credit and Two Prime Lending. The funds will support MARA's expansion into energy acquisitions, Bitcoin mining, artificial intelligence, and high-performance computing infrastructure, including its $1.5 billion acquisition of Long Ridge Energy & Power. The loans carry interest rates around 7.5%, with potential $56.7 million annual interest if the full $750 million principal remains outstanding. However, the Bitcoin-backed loans expose MARA to risks of margin calls and possible liquidation of pledged BTC if Bitcoin prices fall sharply.
Six founder wallets, including one linked to President Trump holding about 14.175 billion WLFI tokens valued at $800 million, transferred their tokens into a vesting smart contract on May 19. This contract enforces a 10% token burn, a two-year lockup...
The US filed a civil forfeiture complaint to seize $61 million in cryptocurrency tied to black-market sales of Iranian oil, which allegedly funded Iran's military and the Islamic Revolutionary Guard Corps. Two Chinese firms used Binance accounts to l...
After twelve months of cautious trading, Bitcoin options traders have shifted to a bullish stance, with call options now representing 61.39% of open interest. This change began around August 20, as traders pay more for calls betting on a price rise t...
DeFi Development Corp. increased its Solana (SOL) holdings by 55,491 tokens, bringing its total treasury to nearly 2.39 million SOL and equivalents, about 2% higher than at the end of August. The company also initiated an at-the-market (ATM) program ...
Avalanche has partnered with UAE PASS, the UAE's official digital passport system used by over 12 million people, to provide blockchain verification for government documents. This collaboration allows users to securely store and transfer verified doc...
