Cryptocurrency markets experienced a significant downturn following military actions by Israel against Iran, leading to $1.1 billion in liquidations. Additionally, Wynn has faced liquidation yet again.
GameStop has announced an increase in its debt offering to $2.25 billion, intended to facilitate the purchase of Bitcoin. In the past month, 21 companies have introduced Bitcoin reserves, demonstrating a growing interest in the asset.
In a surprising move, Sharplink's stock plummeted by 70% after the announcement of an equity resale. However, the company has successfully acquired $463 million in Ethereum.
DFDV has disclosed a $5 billion equity line dedicated to purchasing Solana tokens. Furthermore, Tony G has launched a new treasury, HYPE, backed by $400,000 in HYPE tokens.
The DOT community is proposing the establishment of a Bitcoin treasury, while Phantom has made it possible for users to conduct USDC payments on Shopify. Major retailers like Walmart and Amazon are contemplating the issuance of stablecoins.
USDC has been natively launched on the XRP ledger, and Trident Digital is looking to raise $500 million for the acquisition of XRP. The DTCC is also investigating potential uses for stablecoins.
Coinbase is partnering with American Express to introduce a Bitcoin cashback credit card and plans to allow decentralized exchange (DEX) and perpetual trading in the United States. Meanwhile, the SEC has postponed its decision on several altcoin exchange-traded funds (ETFs).
Tether has acquired a 32% stake in Elemental Altus for $92 million, and tokenized gold has officially launched on Hyperliquid. FOMO HOUR provides daily updates on the most significant news and events in the crypto and macroeconomic landscapes.
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