Elastos Raises $20M to Build Native Bitcoin DeFi Protocol
Another project looking to turn Bitcoin into a more fruitful base for DeFi has raised $20 million in funding toward that goal
Another project looking to turn Bitcoin into a more fruitful base for DeFi has raised $20 million in funding toward that goal
These new financially settled contracts will expire daily from Monday to Friday.
The two tokens’ relative performance is more a sign of bitcoin strength than ether’s weakness, one observer said.
The “21 Million Plan” comprises the issuance of 21 million shares via moving strike warrants and represents Asia’s largest-ever equity capital raise for Bitcoin with a target of 16.65 billion yen.
As observed by many metrics, Monday’s capitulation in bitcoin looks like a textbook local bottom.
Metaplanet issued 21 million shares through 0% discount moving strike warrants raising 116 billion yen ($745 million) to increase bitcoin treasury.
In January 2024, Cramer said that bitcoin was likely topping out and called for an exit. The asset has surged more than 100% since.
The selloff could provide traders an attractive entry opportunity in higher-beta altcoins such as Solana’s SOL, which endured a double-digit pullback, one analyst said.
Bitcoin has had two 15% corrections since Donald Trump won the U.S. election.
The Securities and Exchange Commission had previously only allowed cash redemptions when the spot bitcoin ETFs were approved last January.