MicroStrategy has announced its plans to raise $700 million via a private offering of convertible senior notes.

The move comes following MicroStrategy’s recent acquisition of $1.11 billion in Bitcoin.

The firm plans to allocate the funds to repay $500 million in outstanding senior secured notes and acquire additional BTC.

MicroStrategy, a major Bitcoin holder, has announced plans to raise $700 million through a private offering of convertible senior notes due in 2028. This move comes close on the heels of MicroStrategy’s Bitcoin acquisition worth $1.11 billion earlier.

This marks MicroStrategy’s third debt offering in 2024, aimed at expanding its Bitcoin holdings and refinancing existing debt. According to a press release, the funds will be used to repay $500 million in outstanding senior secured notes and acquire more Bitcoin, aligning with the company’s strategy of increasing its Bitcoin portfolio. The remaining funds will be used for general corporate purposes.

The proposed notes will be unsecured and will accrue interest, payable semi-annually starting March 15, 2025. They mature on September 15, 2028, unless converted or repurchased earlier. 

Ini…

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Uniswap’s four-year UNI vesting schedule has ended.

The DEX vested 40% of the minted tokens for four years.

UNI surged nearly 5%, contrary to popular expectations.

The four-year vesting schedule for Uniswap’s UNI token has concluded, releasing all remaining tokens reserved since its 2020 launch. Crypto analysts are closely watching to see how this final unlock will affect the cryptocurrency’s price.

During its 2020 launch, Uniswap distributed 60% of the one billion minted tokens to community members. The remaining 40% was allocated to team members, investors, and advisors based on a four-year vesting plan.

Read also: CFTC Cracks Down on DeFi: Uniswap Fined for Leveraged Token Trading

Although the vesting period officially ended in September, Uniswap has implemented a 2% annual inflation rate to maintain network participation. Despite this, analysts believe the release of the remaining vested tokens could significantly impact UNI’s short-term price.

Potential Price Pressure from Token Unlocks

Typically, crypto holders sell vested tokens shortly after unlocking, capitalizing on the price appreciation during the vesting period. While this generates…

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Ripple CTO David Schwartz will host an X Space on XRPL programmability.

Ripple is developing EVM sidechains and exploring native smart contracts on XRPL.

Community members see the upcoming session as a chance to tackle lingering questions about XRP’s adoption by institutions.

David Schwartz, Ripple’s Chief Technology Officer, has disclosed intentions to host an X Spaces next Wednesday to discuss programmability on the XRP Ledger (XRPL). The session will focus on Schwartz’s views on the topic and include community input from XRP enthusiasts.

I’m hosting a Space next Wednesday to discuss programmability on the XRPL – including how my thinking has evolved on this topic, and inviting @msvadari to share the feedback she’s collected on what folks would like to see with any programmability proposal, and why. Looking…

— David "JoelKatz" Schwartz (@JoelKatz) September 16, 2024

Background: Ripple’s New Programmability Plans

This announcement follows recent revelations from Ripple executives, including Schwartz and CEO Brad Garlinghouse, about plans to enhance XRPL’s programmability.

Garlinghouse disclosed that Ripple is developing an Ethereum Virtual …

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INJ, MATIC, and RENDER whales are moving their tokens to cold wallets.

Santiment data shows that the altcoins are bullish in the short and long terms.

While INJ and RENDER have printed significant gains this cycle, MATIC has yet to catch up.

Injective (INJ), Polygon (MATIC), and Render (RENDER) are showing promising signs for both short- and long-term growth, according to blockchain analytics platform, Santiment. The platform observed that whale wallets are moving their holdings of these altcoins from exchange wallets to cold storage, pointing to a bullish outlook. 

Santiment highlighted on X (formerly Twitter) that INJ, MATIC, and RENDER are “among several that saw plenty of price anomalies after whale exchange wallet supply suddenly shifted to whale cold wallet supply.” These price fluctuations, they noted, present “fantastic” opportunities for both short- and long-term traders.

A chart shared by Santiment illustrated this trend. INJ whales initiated a substantial transfer of tokens to cold storage on August 21, 2023, and have continued to do so gradually. Similarly, RENDER whales moved a significant amount of tokens to cold wallets on July 21. On Sep…

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NEIROETH has dropped a massive 97% in the past 24 hours. 

Wintermute bought 19.11 million NAIROETH, bringing its total holding to 55.36 million NEIROETH.

NEIROETH crashed after Binance announced the listing of its rival, NEIRO.

Algorithmic trading firm Wintermute has added a substantive 19.11 million Neiro Ethereum (NEIROETH) tokens, even as the altcoin’s price plummeted 97% in the past 24 hours. Blockchain analytics platform Spot On Chain reported the move, highlighting Wintermute’s increased NEIROETH holdings to 55.36 million tokens, valued at roughly $195,420.

Here are the related addresses:

1. Trader "0x6ac": https://t.co/ZkkHhMpyzV

2. Trader "0xc05": https://t.co/R0gSlU3L1i

3. Trader "0x090": https://t.co/sZoKD6BfyN

4. Wintermute Trading entity: https://t.co/17TC0ML9uH

— Spot On Chain (@spotonchain) September 17, 2024

At the time of writing, NEIROETH is trading at $0.003521, reflecting the 97.23% drop. However, trading volume has surged by 333.98%, according to CoinMarketCap. The altcoin’s market capitalization has shrunk to $3.4 million, placing it as the 374th-largest cryptocurrency.

Binance Listing Triggers Price Swings

The price crash for NEIRO…

The post Wintermute Buys the Dip: 19M NEIROETH Tokens Added Despite 97% Crash appeared first on Coin Edition.

Investor’s $1.37M Baby Doge purchase now worth $3.14M, reflecting a 228% ROI.

Binance’s listing of Baby Doge sparks a 70.70% price surge, fueling trading volume.

Baby Doge sees $272M market cap with rapid price rally and stabilization near $0.0818.

A crypto whale, going by MrLubd, made headlines by purchasing a massive 1.72 trillion Baby Doge tokens, valued at $1.37 million. This move has already yielded a remarkable 228% return, with the investment now worth $3.14 million. Data from The Data Nerd highlights the transaction and its impressive gains.

Other smart money of $BABYDOGE was detected.

Within 3 years, this one – #MrLUbd accumulated 1.72T $BASBYDOGE for $1.37M (at avg entry $0.0000000008).

Just now, his investment turned into $3.14M (ROI ~ 228%)

Address:https://t.co/ZnoQfg1Dfc pic.twitter.com/KAw5SYKvzS

— The Data Nerd (@OnchainDataNerd) September 17, 2024

PancakeSwap Transactions and OpenSea Connection

The purchase involved a series of transactions on PancakeSwap V2 Pool, each with an outflow of 111.1118 Baby Doge tokens valued between $98.79 and $99.61. These transactions appear linked to an OpenSea account associated with MrLubd. The consistent …

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Donald Trump acknowledges crypto as a powerful industry.

Trump believes in crypto and stresses the importance of stringent regulations.

Trump launches World Liberty Financial, an innovative crypto and DeFi project.

Former U.S. President Donald Trump’s latest involvement in the crypto space comes with the launch of his decentralized finance (DeFi) venture, World Liberty Financial.

With the U.S. presidential election set for November 2024, Trump reaffirmed his positive outlook on crypto at the launch, reaffirming his belief in crypto. He termed the industry as “still young and expanding,” adding cryptocurrency is inevitable and that engagement is essential, regardless of individual views.

On August 25, World Liberty Financial X handle went live with a message, “It’s time to make finance great again!”—a nod to Trump’s campaign slogan. Trump’s sons, Eric and Donald Trump Jr., have also thrown their support behind the project, which they believe could signal the rise of a major crypto initiative.

On September 13, Trump posted a video on X declaring his shift from traditional banking to the crypto world. While details of the venture remain unclear, Do…

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All five SEC Commissioners will be testifying in front of the House Financial Services Committee.

SEC Chair Gary Gensler will be testifying alone next Wednesday.

Hester Peirce might be making her way to the top, claims lawyer James Murphy.

The five Commissioners of the United States Securities and Exchange Commission (SEC) are set to testify before the US House Committee on Financial Services, chaired by Representative Patrick McHenry of North Carolina.

According to Fox Business journalist Eleanor Terrett, this will be the first time since 2019 that all five SEC Commissioners will appear before the Committee. It is widely anticipated that digital assets and cryptocurrency regulation will be a major focus of the hearing.

SCOOP: The full five-member @SECGov Commission is preparing to testify in front of @FinancialCmte/@FSCDems next Tuesday. This will be the first time the whole commission, not just the chair, has testified together since 2019. @GaryGensler himself will testify alone in front of…

— Eleanor Terrett (@EleanorTerrett) September 17, 2024

SEC Chairman Gary Gensler is also scheduled to testify solo before the Senate the following day. A crypt…

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Bitcoin’s bearish triple top hints at a price decline. 

Schiff warns of a potential drop to $15,000-$20,000.

Key support levels are crucial for Bitcoin’s future price action.

Bitcoin’s price action is flashing warning signs, showing similarities to a bearish triple top pattern. This pattern hints at a possible decline, especially when viewed in the context of gold. 

According to Peter Schiff, Founder of SchiffSovereign, Bitcoin is likely to test the upward trend line near $42,000, though this level might not hold. A deeper correction to the longer-term support levels, between $15,000 and $20,000, seems a more likely trend.

This looks like a triple top to me. The chart is even worse if you price #Bitcoin in #gold. At a minimum, Bitcoin is headed to the upward trend line at about $42K, but I doubt it will hold. A retest of longer-term support at $15K–$20K is more likely. Look out below. @saylor pic.twitter.com/d83NRh4Rx5

— Peter Schiff (@PeterSchiff) September 16, 2024

Resistance and Support Levels: What to Watch

Bitcoin is encountering significant resistance near the 8646.87% level. This price point marks previous highs where the cryptocurrency fac…

The post Bitcoin’s Bearish Triple Top: Schiff’s Dire Warning for Hodlers appeared first on Coin Edition.

CZ is nearing the end of his four-month prison term for violating the Bank Secrecy Act.

CZ and Binance face new investor lawsuits related to fund security and laundering.

Binance paid $4.3 billion in fines, and CZ stepped down as CEO amid legal issues.

Binance founder Changpeng Zhao (CZ) may be nearing the end of his four-month prison sentence for violating the Bank Secrecy Act.

According to the U.S. Federal Bureau of Prisons website, a 47-year-old Asian man named “CHANGPENG ZHAO” will be released on September 29, 2024, with the registration number 88087-510. While this news has not significantly impacted BNB’s price yet, it is drawing attention as Zhao faces new legal challenges.

Zhao was convicted of violating the Bank Secrecy Act (BSA) due to Binance’s failure to implement adequate know-your-customer (KYC) procedures. CZ, who had reported to a federal prison in California earlier this year, received a shorter sentence than the three years the federal prosecutors initially sought.

His four-month term, handed down in April, came alongside a $50 million fine. As part of the settlement, he also stepped down as CEO of Binance. Binance itself pleaded gui…

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Miner revenue drops after halving but typically recovers as Bitcoin’s price rises.

Price increases and transaction fees now significantly affect miners’ profitability.

Mining efficiency is key as rewards shrink, making price stagnation a risk.

Bitcoin’s stock-to-flow (S2F) model creator, PlanB, is highlighting the challenges miners face after the most recent halving. He suggests a significant price increase, possibly doubling Bitcoin’s current value, may be needed to ignite the next bull market.

Miners are still struggling with the aftermath of the halving. We need 2x current BTC price to kick-start the bull pump. pic.twitter.com/TmJEyI8L2d

— PlanB (@100trillionUSD) September 15, 2024

Bitcoin’s halving events occurring roughly every four years, reduce block rewards for miners. The impact on revenue isn’t immediate but unfolds over time as Bitcoin’s price and transaction fees adjust to compensate for the reduced rewards.

Read also: Bitcoin Halving’s Delayed Impact: Bull Run in Q4?

PlanB posted a monthly miner revenue chart illustrating how revenue fluctuates in the months leading up to and following halvings. Red indicates periods closer to the…

The post Bitcoin Price Needs to Double to Boost Miner Revenue, Says PlanB appeared first on Coin Edition.

Bitcoin fell to $58,144 following a second assassination attempt on former President Trump.

Ethereum and the broader crypto market experienced a sharp decline amid rising volatility.

Traders await the upcoming FOMC meeting, with uncertainty around a potential rate cut fueling market tension.

Earlier today, Bitcoin fell to a daily low of $58,144 after hitting a monthly high of $60,656 on Saturday. This retracement in Bitcoin’s price also affected the altcoin market, with Ethereum, its closest competitor, dropping by over 4.5%.

Market analysts have connected the recent crypto market downturn to several factors, including the second reported assassination attempt on former U.S. President Donald Trump.

Trump Assassination Attempt and Crypto Market Jitters

On Sunday, Trump faced another assassination attempt at his West Palm Beach golf resort. The incident occurred while Trump was playing on the course with a friend. Secret Service agents reportedly fired at the suspect, who was later apprehended after fleeing in a black Nissan.

Given Trump’s outspoken pro-Bitcoin stance, some speculate the incident may have had a negative impact on the crypto market.

…

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El Salvador shifts away from external debt, relying on Bitcoin and investments.

The country secured a $1.6B investment from Yilport to modernize ports and boost Bitcoin City.

El Salvador’s Bitcoin reserves have grown to 5,870 BTC.

El Salvador has taken a bold step in its fiscal policy, with President Nayib Bukele declaring the country will no longer rely on external debt to fund its budget.

Under Bukele’s leadership, the Central American nation has been integrating Bitcoin into its national economy. It became the first country in the world to make Bitcoin legal tender; on September 7, 2021.

JUST IN: President Bukele announces that El Salvador will no longer borrow external debt to finance its budget. #Bitcoin country is winning pic.twitter.com/ui132AWxD1

— Bitcoin Magazine (@BitcoinMagazine) September 16, 2024

Draft Legislation to Further Integrate Bitcoin

In line with this shift, El Salvador introduced draft legislation in June 2024 to incorporate digital assets further into its banking system. The proposed law would allow the creation of private investment banks dealing in Bitcoin and other cryptocurrencies, marking another step in the country…

The post El Salvador Ditches External Debt, Embraces Bitcoin Future appeared first on Coin Edition.

Sam Bankman-Fried filed an appeal, accusing Judge Kaplan of bias and limiting key evidence in his defense.

SBF’s legal team claims the judge’s rulings tilted the trial in favor of the prosecution.

FTX founder was sentenced to 25 years for fraud, conspiracy, and money laundering after an $8B crypto collapse.

Sam Bankman-Fried, the disgraced former CEO of FTX, is fighting back against his conviction, alleging bias from the presiding judge. This move follows his 25-year prison sentence for an $8 billion fraud. Bankman-Fried contends that Judge Lewis A. Kaplan’s rulings hindered his ability to mount a proper defense, warranting a new trial.

Bankman-Fried’s Legal Team Files 102-Page Appeal Against Judge

On September 13, Bankman-Fried’s legal team filed a 102-page document that challenges several key rulings made by Judge Lewis A. Kaplan during his trial. The FTX founder was handed a 25-year jail sentence earlier this year after being found guilty of fraud, conspiracy, and money laundering connected to the dramatic collapse of his crypto platform.

Read also: Caroline Ellison Seeks Leniency in FTX Case, Citing Cooperation in Trial

In the appeal, Bankman-Fri…

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Bitcoin is looking healthier during the current cycle than in the previous one.

The current cycle lacks “a dominating narrative.”

Meme coins might soon try to catch up with POPCAT’s massive gains.

The crypto market is due a rally and is showing signs of strength, as pointed out by Miles Deutscher, a crypto analyst and DeFi expert. Deutscher highlighted that the bearish performance of digital assets will result in investors taking “massive offside positioning,” pushing prices higher.

In a thread on X (formerly Twitter), Deutscher gathered bullish sentiment from across the platform, predicting a Q4 rally leading to a market top in 2025. He believes Bitcoin is in a healthier position than in the previous cycle and suggests “VC coins” (tokens backed by venture capital) could reach new highs soon.

8. Top altcoin performers since the local bottom (take notes). https://t.co/5YIroHErlq

— Miles Deutscher (@milesdeutscher) September 15, 2024

The Top Performers

Deutscher highlighted the top-performing sectors since the recent market low on September 6th. Infrastructure tokens, Layer 1 tokens, omnichain tokens, and Layer 2 assets are all showing bullish…

The post Crypto Market Shows Signs of Strength, Analyst Predicts Q4 Rally and 2025 Peak appeared first on Coin Edition.

Zeng Jiajun, a core contributor to Soul Wallet, said that the crypto market is in its early phase.

Vitalik Buterin believes that more money will pour into the crypto wallet with affordable L2 solutions.

Buterin said that cheap transaction fees are a necessity for crypto to mature.

Ethereum co-founder Vitalik Buterin sees the future for decentralized finance (DeFi) to remain strong should the transaction fees go down. Buterin believes that affordable Layer 2 (L2) solutions are the key to help widespread DeFi adoption, attracting more capital, and even drawing in traditional financial institutions.

This insight came as part of a larger conversation sparked by Zeng Jiajun, a core contributor to Soul Wallet. Jiajun pointed out that the crypto market is still in its early stages. He pointed out Bitcoin (BTC), the world’s largest digital asset by market capitalization, towering over the rest with a dominance of over 50%. Its $1 trillion valuation dwarfs the combined value of the entire altcoins, despite the sheer number of projects with immense potential.

Yes, we are still early.

– Ethereum only "merged" two years ago;
– L2 @arbitrum live three years ago, and …

The post DeFi vs. AI: Ethereum Co-Founder Predicts DeFi’s Triumph with Affordable L2s appeared first on Coin Edition.

SHIB shows a gradual decline but maintains key support at $0.0000132.

BRETT faces steeper declines, with support at $0.076 and resistance at $0.08197.

Increased trading volume indicates potential volatility for both SHIB and BRETT.

In the battle of blockchain ecosystems, Shiba Inu (SHIB) on Ethereum and Brett (BRETT) on Base present intriguing cases of how tokens perform and recover. Over the past 24 hours, both cryptocurrencies have faced downward pressure, but BRETT has experienced a more pronounced decline compared to SHIB. 

While SHIB has seen a more modest drop of around -2% to -4%, BRETT has fallen sharply, approaching -8% to -10%. Both tokens are showing signs of recovery, yet BRETT’s volatility remains higher, underscoring its more turbulent market behavior.

SHIB v.s BRETT 1-day price chart, Source: Coinmarketcap

SHIB: A Gradual Decline with Stabilizing Signs

Shiba Inu (SHIB) has seen a slight drop in price, currently trading at $0.00001338, down 3.24% in the last 24 hours. Despite the decline, SHIB’s market cap remains robust at $7.89 billion, highlighting its continued popularity. 

The volume of trades has increased to $135.1 million and …

The post Meme Coin Showdown: SHIB on Ethereum or BRETT on Base – Who Wins? appeared first on Coin Edition.

Justin Sun believes TRX will become a top 3 crypto in the next 2 years.

Sun is confident rather than optimistic about his prediction.

TRX has gained 6,800% in the past 7 years.

TRON founder Justin Sun boldly predicted TRON to become one of the top three cryptocurrencies within the next two years. Sun made the statement during an interview with Austin Arnold, a host on the Altcoin Daily podcast. According to Sun, his prediction for the cryptocurrency is from a place of confidence rather than optimism.

"I believe #Tron will become a top 3 cryptocurrency in the next 2 years" – Justin Sun pic.twitter.com/HDg3FddkXP

— Altcoin Daily (@AltcoinDailyio) September 16, 2024

Sun emphasized the stark contrast between TRON’s current position and its status seven years ago. Back then, being a top three coin was merely an ambition. Now, with a proven track record and widespread adoption, Sun sees it as a realistic goal. He pointed out that “almost everyone in the crypto space is using Tron,” driving significant demand for the cryptocurrency.

CoinmarketCap’s data shows that Tron currently ranks 10th in the global ranking of all cryptocurrencies. TRX, the network’s na…

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Binance opened trading for NEIRO, TURBO, and BABYDOGE.

All three memecoins reflected varying outcomes after Binance opened trading.

NEIRO dumped following trading activation on Binance.

Binance launched spot trading for Neiro (NEIRO), Turbo (TURBO), and Baby Doge Coin (BABYDOGE) on September 16, 2024. The cryptocurrency exchange announced the NEIRO/USDT, TURBO/USDT, and BABYDOGE/USDT trading pairs would be available from 10:00 UTC.

Early signs suggested a selloff among community members, extending weekend losses. NEIRO saw a 30% daily loss at press time, despite an initial 16% rally earlier in the day. Monday morning’s decline means NEIRO has tumbled over 50% in the past three days, losing a significant part of its last week’s gains.

NEIRO Drops, TURBO Surges, BABYDOGE Volatile

TradingView’s data showed the newly listed memecoin currently trading at $0.0912, a significant pullback from its recent all-time high of $0.2060. Analysts attributed this drop to a selloff by early adopters and airdrop hunters who acquired the memecoins at lower prices.

While NEIRO’s price crashed after Binance opened trading, TURBO moved in the opposite direction, surg…

The post New Meme Coins on Binance: NEIRO Dumps, TURBO Soars, BABYDOGE Volatile appeared first on Coin Edition.

XRP’s breakout and RSI retest signal a possible climb past $0.6044 resistance.

Ichimoku Cloud shows a bearish trend whereas a breakout could shift XRP to bullish.

Volume and open interest drop, but long positions dominate in XRP derivatives.

XRP is flashing bullish signals after its recent breakout and retest of the weekly Relative Strength Index (RSI), according to analyst Dark Defender.

This suggests the cryptocurrency could soon push decisively above the $0.6044 resistance level, potentially climbing towards its next target at $0.6649. A break above this key resistance could signal the end of XRP’s current consolidation phase.

Hey there. #XRP had an excellent break-out and retest in the weekly RSI.

I expect the price will strongly break $0.6044 within hours & proceed for the level boss, $0.6649.

When the boss is eliminated, we will all say "Ciao" and never see him again.#XRPCommunity pic.twitter.com/yuMsgIYBXg

— Dark Defender (@DefendDark) September 15, 2024

Key Price Levels and Resistance Zones

Dark Defender’s analysis on the weekly chart reveals that XRP has recently tested significant support levels around $0.2875, indicating strong buying inte…

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