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.
🚨 Full Disclaimer: This video and its contents are for informational purposes only and do not constitute an offer to sell or trade, a solicitation to buy, or recommendation for any security, cryptocurrency, or related product, nor does it constitute an offer to provide investment advice or other related services by Eddie Jay on Crypto. Eddie Jay on Crypto may have a financial investment with the cryptocurrencies discussed in this video. In preparing this video, no individual financial or investment needs of the viewer have been taken into account nor is any financial or investment advice being offered. Any views expressed in this video were prepared based upon the information available at the time such views were written. Changed or additional information could cause such views to change.