Filecoin FIL$1.4990 slipped 0.3% to $1.48 over the last 24 hours, as the token underperformed wider crypto markets. The broader market gauge, the CoinDesk 20 index, was 2.2% higher at publication time. FIL consolidated with an $0.11 range representing 7.5% of the token’s value, according to CoinDesk Research’s technical analysis model. The critical development emerged…
IREN (IREN), a bitcoin miner, completed a refinancing that combined a $2.3 billion convertible senior-note offering with a $544.3 million repurchase of existing convertible notes. The new issuance includes $1 billion of 0.25% notes due 2032, $1 billion of 1% notes due 2033 and a fully exercised $300 million greenshoe to meet excess demand. IREN…
The crypto market exhibited signs of optimism during the Asia session on Monday, with bitcoin BTC$90,173.03 rising above $92,000 having spent the weekend trapped in a tight range below $90,000. The largest cryptocurrency has now reversed Friday’s sell-off and is within striking distance of last week’s high of $94,200. U.S. equity index futures also posted…
Monet Bank, a small Texas community bank owned by a billionaire political supporter of President Donald Trump, has stepped into the field of crypto lenders, billing itself as an “infrastructure bank” with a focus on digital assets. “Monet is focused on being the premier digital asset financial institution, providing innovative and forward-facing solutions for the…
Amid an intensifying international focus on stablecoins, the International Monetary Fund (IMF) has released a 56-page report detailing what it sees as the key risks surrounding their adoption. The report draws parallels from the claims many other central banks and international financial organizations make regarding the threat stablecoins represent to governmental monetary control, to ultimately…
The White House’s freshly unveiled National Security Strategy reads less like a traditional diplomatic blueprint and more like a call for global fiscal expansion. For the crypto market, addicted to the idea of rapid-fire interest rate reductions in the U.S. and worldwide, this seems to be a cold shower nobody ordered. The core of the…
HBAR retreated 2.2% during Thursday’s session as technical selling overwhelmed emerging ETF speculation. The token broke decisively below $0.1380 support on volume that peaked 47% above the daily average of 35.5 million tokens. The breakdown accelerated around 09:00 GMT when 52.21 million tokens changed hands. Bears drove prices to session lows near $0.1367 before momentum…
U.S. federal prosecutors are seeking a 12-year prison sentence for Do Kwon, the founder of Terraform Labs, the firm behind the algorithmic stablecoin UST that imploded spectacularly more than three years ago. The request, filed on Thursday to the judge of Southern District of New York, comes after Kwon pleaded guilty earlier this year. He…