EddieJayonCrypto

 13 Mar 24

tl;dr

Coinbase's Bold $1 Billion Debt Offering, Get Shiba Inu at ATMs in Australia, Solana Congestion!1. CoinShares Acquires Valkyrie Funds: CoinShares, a European fund manager, has acquired Valkyrie Funds LLC, gaining control of Valkyrie's Bitcoin exchange-traded fund (ETF) and sponsor rights. This move ...

Coinbase's Bold $1 Billion Debt Offering, Get Shiba Inu at ATMs in Australia, Solana Congestion!

1. CoinShares Acquires Valkyrie Funds: CoinShares, a European fund manager, has acquired Valkyrie Funds LLC, gaining control of Valkyrie's Bitcoin exchange-traded fund (ETF) and sponsor rights. This move is aimed at expanding CoinShares' presence in the U.S. market.

2. Coinbase plans to raise $1 billion through a convertible debt offering, similar to MicroStrategy's strategy, to avoid equity sales that could impact its stock price negatively.

3. Grayscale Introduces Bitcoin Mini Trust: Grayscale Bitcoin Trust (GBTC) announces a new product, the Grayscale Bitcoin Mini Trust, aiming to offer fractionalized ownership with lower fees, providing a middle ground for customers and maintaining revenue.

4. Shiba Inu Integration in Australian ATMs: Shiba Inu becomes available at ATMs across Australia, allowing users to buy SHIB at over 160 locations, marking increased adoption and support for the meme coin.

5. Solana Network Challenges: The Solana blockchain network faces congestion and malicious attacks due to increased meme coin and NFT activity, leading to concerns about network stability and scalability.

6. Patient Capital files with the SEC to allocate up to 15% of its funds to Bitcoin ETFs, reflecting growing institutional interest in cryptocurrency despite concerns about regulatory impact and market volatility.

7. Binance is compelled to face a class-action lawsuit from U.S.-based crypto investors for allegedly allowing them to buy and trade unregistered securities, highlighting legal challenges for cryptocurrency exchanges.

8. A government study concludes that current intellectual property laws are sufficient to address concerns surrounding NFTs, despite some stakeholders' worries about trademark misappropriation and enforcement.

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 22 Dec 24
 22 Dec 24
 22 Dec 24