MicroStrategy Raises Preferred Stock Offering from $250M to $584M

MicroStrategy announced an increase in its preferred stock offering from $250M to $584M, issuing 7.3M shares at $80 each. The raised capital is expected to fund corporate strategies and potential Bitcoin acquisitions, reinforcing the company’s position in the digital asset sector.
The post MicroStrategy Raises Preferred Stock Offering from $250M to $584M appeared first on Cryptonews. …

Purpose Investments to Launch Canada’s First XRP ETF

Purpose Investments, known for pioneering Bitcoin and Ethereum ETFs in Canada, has filed to launch the first XRP ETF. The move could provide institutional investors with regulated access to XRP, aligning with increasing interest in crypto-based investment products amid regulatory shifts in the U.S.
The post Purpose Investments to Launch Canada’s First XRP ETF appeared first on Cryptonews. …

Stablecoin Expansion to Drive the Next Crypto Rally as Market Cap Hits $200B: CryptoQuant

Stablecoin supply has expanded significantly, pushing total market capitalization beyond $200B. Tether’s USDT and Circle’s USDC lead the surge, increasing liquidity across exchanges. CryptoQuant analysts note that such trends have historically preceded bullish market movements.
The post Stablecoin Expansion to Drive the Next Crypto Rally as Market Cap Hits $200B: CryptoQuant appeared first on Cryptonews. …

ECB President Christine Lagarde Rejects Bitcoin for EU Reserves

ECB President Christine Lagarde has dismissed Bitcoin as a reserve asset, citing concerns over liquidity, security, and regulatory risks, despite a recent 25-basis-point interest rate cut to 2.75% aimed at stabilizing the economy.
The post ECB President Christine Lagarde Rejects Bitcoin for EU Reserves appeared first on Cryptonews. …