Author: Digicoinvision

Coinbase may become the first company in the S&P 500 index to acquire Bitcoin from the proceeds of a private note offering, signaling further capital migration from traditional markets into digital assets.Coinbase, the world’s third-largest cryptocurrency exchange, announced Tuesday a $2 billion convertible senior note offering for “qualified institutional buyers,” with $1 billion worth of notes due 2029 and $1 billion due 2032.“The notes will be senior, unsecured obligations of Coinbase and will accrue interest payable semi-annually in arrears,” the company said in the filing. The interest rate and conversion terms will be determined upon final pricing.Coinbase also plans to…

Meet Samuel Edyme, Nickname – HIM-buktu. A web3 content writer, journalist, and aspiring trader, Edyme is as versatile as they come. With a knack for words and a nose for trends, he has penned pieces for numerous industry player, including AMBCrypto, Blockchain.News, and Blockchain Reporter, among others. Edyme’s foray into the crypto universe is nothing short of cinematic. His journey began not with a triumphant investment, but with a scam. Yes, a Ponzi scheme that used crypto as payment roped him in. Rather than retreating, he emerged wiser and more determined, channeling his experience into over three years of insightful…

Galaxy head of research Alex Thorn criticized the business model of many Ethereum (ETH) layer-2 (L2) blockchains as “ETH extractive.”In an Aug. 6 social media post, Thorn argued that L2 networks retain most of the fee revenue while contributing relatively little back to the Ethereum L1. Thorn added that most L2s are controlled by single companies or foundations, which means “very little value accrues to ETH holders,” and “most L2s don’t even stake back the ETH they collect in fees.” Post EIP-4844Pointing to post-EIP-4844 dynamics, Thorn noted that aggregate L2 blob confirmation costs and L1 gas spend have hovered around $10,000 per day,…

Tether has generated an astounding $620 million in fees based on the most recent report of the last 30-day fee generation by CryptoRank. This number is more than three times the amount raised by Circle at $199 million, depicting the sheer dominance of Tether as far as transaction fees are concerned. In the wider market, the decentralized exchanges and liquidity protocols performed well. PancakeSwap has the third position of $141 million, followed by Uniswap with $117 million and MeteoraAG with $106 million. Tether Tops Fee Charts The $620 million in fees underlines the leading position of Tether in the transactions…

XRP storms into the spotlight as Galaxy Digital anchors it in a $3.56 billion portfolio, backed by a $97 million Ripple equity stake, signaling massive institutional conviction. XRP Featured in Galaxy’s $3.56B Portfolio Alongside $97M Ripple Equity Position Galaxy Digital Ltd. disclosed in its U.S. Securities and Exchange Commission (SEC) Form 10-Q filed on Aug. […]

The number of crypto professionals receiving salaries in digital assets has tripled over the past year, with 9.6% now paid in stablecoins, according to a report by venture capital company Pantera Capital.Based on over 1,600 responses from crypto professionals across 77 countries, the report points to a shift toward blockchain-native payroll systems and growing institutional trust in dollar-backed assets, like USDC Coin (USDC) and USDt (USDT). Circle’s USDC led the way, accounting for 63% of all crypto payrolls, despite Tether’s USDt being the most traded stablecoin by volume worldwide. “We initially thought this was due to our survey skewing more…

We’re excited to announce the grantees selected for the recent staking community grants round. This grants round invited proposals that make the Ethereum staking experience easier, safer, and more secure. We were thrilled to see all of the great work proposed by these teams, and we’re looking forward to continuing to find new ways to support the ecosystem. In the meantime, if you’re working on something in this space and could use support, consider submitting a project inquiry with the Ecosystem Support Program. More than $1M has been allocated across 25 grants in 4 different categories: categoryamount (USD)community / education391,800.00new…

Tokenized stocks may be approaching a tipping point as investor demand for blockchain-based financial products surges, potentially accelerating the adoption of traditional assets onchain.Tokenized stocks, which are part of the growing real-world asset (RWA) tokenization sector, reached a $370 million market capitalization by the end of July, according to a Wednesday Binance Research report shared with Cointelegraph.The lion’s share, $260 million, was attributed to Exodus Movement (EXOD) shares issued through Securitize. Excluding this figure, the market capitalization of tokenized stocks rose to $53.6 million, marking a 220% monthly increase since June.Tokenized stocks are seeing the same pace of growth reminiscent…

Digital asset custodian and trading company Bakkt is finalizing a minority acquisition of Japanese company Marusho Hotta, marking a strategic step in its transformation into a crypto treasury business backed by Bitcoin and other digital assets.As part of the deal, Bakkt announced plans to acquire a 30% stake in Marusho Hotta, a publicly listed company that manufactures specialty yarns for domestic and international markets. The company will be renamed “bitcoin.jp,” signaling a likely pivot toward operating as a Bitcoin (BTC) treasury vehicle.Marusho Hotta trades under the ticker symbol 8105 on the Tokyo Stock Exchange. Its stock surged more than 36%…

Former US Securities and Exchange Commission (SEC) chief of staff Amanda Fischer drew crypto community ire after comparing liquid staking to factors that exacerbated the 2008 global financial crisis.In a Tuesday staff statement, the SEC stated that it does not consider certain liquid staking activities to be security offerings and, as such, they do not fall under the purview of the agency.In a post on X, Fischer compared liquid staking activities to the Lehman Brothers’ use of client assets as collateral for the firm’s transactions. The collapse of the investment bank was seen as a climax of the 2008 financial…