Bitcoin miner Rhodium Enterprises plans to offer 7.69 million shares at $12-$14 each in an initial public offering (IPO), according to its U.S. Securities and Exchange Commission (SEC) filing.After the IPO, the company will have about 56.8 million class A and 67.5 million class B shares outstanding, implying a market cap of between $1.49 billion to $1.74 billion.The company … [Read more...] about Bitcoin Miner Rhodium’s Planned IPO Values It at Up to $1.7B
Planned
El Salvador to Create ‘Bitcoin City,’ Use $500M of Planned $1B Bond Offering to Buy More Crypto
El Salvador, the only country in which bitcoin is a legal tender, is going to build an entire city based on the largest cryptocurrency, President Nayib Bukele said in a Saturday night presentation at Bitcoin Week in El Salvador.“Bitcoin City” will be located along the Gulf of Fonseca near a volcano. The government plans on locating a power plant by the volcano to provide energy … [Read more...] about El Salvador to Create ‘Bitcoin City,’ Use $500M of Planned $1B Bond Offering to Buy More Crypto
Balancer v2 and Gnosis’ ‘CowSwap’ take aim at MEV with planned integration
Decentralized exchange Balancer and DeFi platform Gnosis have announced today a planned integration dubbed the Balancer-Gnosis-Protocol (BGP), a collaboration that will combine Balancer’s v2 pool mechanisms with Gnosis’s DEX aggregation and batch auctions designed to mitigate miner extractable value (MEV). Balancer’s v2, which is currently live for developer testing, was … [Read more...] about Balancer v2 and Gnosis’ ‘CowSwap’ take aim at MEV with planned integration
Yearn Finance picks up $1 million in YFI as part of planned buyback
Yearn.Finance (YFI), a popular decentralized finance (DeFi) protocol on Ethereum, has bought back $1.164 million worth of YFI tokens yesterday.Yearn for more“Yearn has purchased an additional 27.97 YFI for $1.164 million at an average price of $41,621 per YFI,” the Yearn.Finance team said in a tweet.Yearn has purchased an additional 27.97 YFI for $1.164 million at an average … [Read more...] about Yearn Finance picks up $1 million in YFI as part of planned buyback