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Coinbase CEO visits UK Prime Minister's residence to meet with policymakers

6 hours ago

On June 17th, Coinbase's CEO, Brian Armstrong, posted on social media and said, "I'm really excited to be in London today to meet with policymakers and have discussions on how the UK can place itself in a favorable position in the global crypto competition. I hope the UK can seize this opportunity and solidify its status as a leader in the global crypto field." The attached image presents Brian Armstrong taking a photo in front of 10 Downing Street, which is the residence of the UK Prime Minister in London.
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Cross-border e-commerce company DDC Enterprise plans to raise $528 million to expand its Bitcoin reserves.

On June 17th, as per Businesswire, the cross-border e-commerce firm DDC Enterprise disclosed that it had signed three securities purchase agreements. After subtracting placement agent fees and issuance costs, the company anticipates raising up to $528 million. The investors consist of Anson Funds, Animoca Brands, Kenetic Capital, QCP Capital, along with a network of leading institutional funds and individual Bitcoin investors. The funds raised will be utilized to expand the company's Bitcoin reserves. BlockBeats had previously reported that on June 12th, DDC Enterprise (NYSE: DDC) announced the acquisition of an additional 38 Bitcoins, bringing the company's total Bitcoin holdings to 138.

1 seconds ago

The multi-signature address of the ALT project team transferred 200 million tokens, worth $6.42 million, to Binance.

On June 17, as per on-chain analyst Ai Yi (@ai_9684xtpa), it was noticed that following the listing of ALT on the Upbit KRW trading pair the previous day, the multisig wallet address of the project deposited 200 million tokens with a value of $6.42 million into Binance an hour ago. According to previous announcements, these 200 million ALT tokens are anticipated to assist Binance in cross-chain swaps to achieve liquidity balance.

1 seconds ago

Starknet completes staking migration, Staking v2 is now live on mainnet

On June 17th, Starknet announced that the stake migration had been completed and staking operations had resumed. The block proof and commission adjustment features are now active on the mainnet. This upgrade enhances the economic utility of STRK staking and brings greater transparency to validator behavior, enabling delegators to evaluate and compare validators' activity and reliability before participating in Starknet consensus in the future (targeted for the end of the year). The implementation of version v2 marks an important step for Starknet in the direction of full decentralization. By the end of the year, version v3 may be launched, introducing Bitcoin staking functionality to Starknet.

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UK-listed company TAO Alpha secures a ￡5 million convertible loan, set to adopt a Bitcoin reserve strategy

BlockBeats has reported that on June 17th. According to Investing.com, the UK-listed company TAO Alpha PLC announced obtaining a ￡5 million fixed-price convertible loan and formulating a Bitcoin-centered treasury strategy as part of its efforts in the decentralized AI and cryptocurrency sectors. TAO Alpha PLC has established a subsidiary in Singapore, Tao Alpha PTE. LTD, to hold its reserve assets. Under the new policy, the company is permitted to hold up to two-thirds of its cash in Bitcoin and stablecoins.

1 seconds ago

Trader AguilaTrades reduced a 20x BTC long position to $350 million, with an unrealized loss of $1.58 million.

BlockBeats news, on June 17th. According to on-chain analyst Ai Yi (@ai_9684xtpa), due to a brief decline in the BTC price, trader AguilaTrades' long position has switched from being in profit to being in a loss. Two minutes ago, they once again withdrew 5 million USDC from Bybit and then deposited it into Hyperliquid as margin collateral. In the past 15 minutes, they decreased their position by 632.64 BTC, reducing their 20x BTC long position to $350 million. The current entry price is $106,014.2, and the liquidation price is $100,650, with an unrealized loss of $1.58 million. The margin balance in their account has increased to 36.684 million USDC.

1 seconds ago

The U.S. May retail sales month-over-month data will be released tonight. If it comes in weaker than expected, it may strengthen bets on a Federal Reserve rate cut.

June 17 - The monthly rate of U.S. May retail sales is scheduled to be released this evening at 8:30 PM EST. The previous reading was 0.1%, and the expectation is -0.7%. Konstantinos Chrysikos, the customer relationship manager of Kudotrade, believes that if the decline in U.S. retail sales data exceeds expectations, it could enhance the bets on a rate cut by the Federal Reserve. Currently, the data shows that market participants anticipate two rate cuts by the Fed this year. A survey from The Wall Street Journal indicates that U.S. May retail sales are expected to decrease by 0.6% month-on-month compared to the previous increase of 0.1%. (Jin10)

1 seconds ago

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