Summary: The Luna Foundation Guard has bought an additional 37,863 Bitcoin worth $1.5 billionThe purchase is in line with Do Kwon’s goal of backing UST with digital asset reserves worth $10 billion The Luna Foundation Guard now holds 80,394 BTC The Luna Foundation Guard has acquired an additional 37,863 Bitcoin worth $1.5 billion to further back its popular stablecoin of UST. … [Read more...] about Luna Foundation Acquires An Additional 37.8k Bitcoin Worth $1.5B, Bringing its Total Holdings to 80,394 BTC
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FTX to Seek $1.5B in New Funding Round at $32B Valuation: Report
FTX CEO Sam Bankman-Fried is looking to raise a total of $1.5 billion for the global cryptocurrency derivatives exchange and U.S. affiliate, FTX.US, The Information reported Friday, citing two unnamed sources “with knowledge of the matter.”The funding round would potentially value FTX at $32 billion and FTX.US at $8 billion, the article said, citing one of the sources. FTX did … [Read more...] about FTX to Seek $1.5B in New Funding Round at $32B Valuation: Report
Citi Veteran Launches $1.5B Crypto Fund With Algorand as Strategic Partner
Regarding the hiring of Peurifoy, Zhang said that “Sam brings a unique combination of deep knowledge of the play-to-earn space, close relationship with the community and a real passion for gaming and the metaverse. With Algorand as our first strategic partner, we have a very exciting roadmap on our play-to-earn strategy right out of the gate, and beyond. I think we will do some … [Read more...] about Citi Veteran Launches $1.5B Crypto Fund With Algorand as Strategic Partner
Bitcoin Miner Iris Energy Upsizes Its IPO, Valuing Company at $1.5B
Iris Energy, a Sydney-based company that mines bitcoin primarily with renewable energy, raised its initial public offering (IPO) pricing to $28 per share, from the previous expected range of $25 to $27.The miner said it plans to sell 8.3 million shares, raising about $232 million through its IPO offering, according to a statement. It expects to start trading on the Nasdaq on … [Read more...] about Bitcoin Miner Iris Energy Upsizes Its IPO, Valuing Company at $1.5B
Customers Bank Veers Into Crypto With Transfer Token, $1.5B in Crypto-Related Deposits
Pennsylvania-based Customers Bank has started onboarding its first cryptocurrency businesses, offering those firms use of a digital asset payments platform plus the bank’s own internal digital fiat token.As such, Customers Bank will compete with Silvergate in California, Signature in New York and only a handful of others openly offering crypto firms basic accounts, as well as a … [Read more...] about Customers Bank Veers Into Crypto With Transfer Token, $1.5B in Crypto-Related Deposits