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Archives: Fast News

  • Bitdeer to offer 330 million USD convertible notes to expand operations

    Bitdeer Technologies Group is offering 330 million USD in senior convertible notes to bolster their operations. This funding will primarily focus on expanding their data centers and developing ASIC mining rigs, essential for the Bitcoin mining process.

    The fundraising effort arrives amid financial challenges, with the company experiencing a significant decline in revenue. Bitdeer’s shares dropped 45.7% year-to-date, influenced by a 41% year-over-year revenue decrease reported in their Q1 2025 earnings.

    Convertible notes allow investors to convert their debt into equity, potentially securing a stake in the company. This strategy could attract investors despite current challenges, reflecting a strategic move to adapt in a competitive Bitcoin mining landscape.

  • Russian crypto transactions in foreign trade exceed 12 billion USD this year

    Russian crypto transactions in foreign trade are anticipated to exceed 1 trillion rubles in 2025, thanks to President Putin’s approval. This shift is largely due to sanctions that have hampered traditional financial pathways, pushing Russia to utilize digital currencies for foreign trade.

    Though crypto use is growing, comprehensive regulations are absent for domestic transactions in Russia. Lawmakers restrict cryptocurrency operations to international settlements, emphasizing its use solely for trade with foreign partners, as regulated under an experimental legal framework.

  • Dogecoin drops 20% – but 3 signals point to a big move for DOGE!

    Currently, Dogecoin (DOGE) is trading at 0.169 USD after a 20% decline. The key support level appears at 0.167 USD, historically known for price reversals, which could indicate that a bounce may occur soon.

    Optimistic market sentiment prevails on social media, with predictions of DOGE potentially rising to 0.60 USD. A recent drop in trading volume over 15% may suggest weakening downward momentum, leading analysts to foresee a bullish trend in the near future.

  • Crypto price today (June 18): Bitcoin falls to 103,000 USD, Ethereum and altcoins bleed!

    Bitcoin price dropped to 103,867.50 USD, showing a decline of over 1% in 24 hours. The market capitalization of Bitcoin stands at 2.18 trillion USD, indicating a bearish trend.

    Ethereum has reclaimed the 2,500 USD mark with slight growth. Conversely, XRP is at 2.14 USD, reflecting a loss of over 1%, while Solana also sees a decline. Overall, trading volume in the crypto market has decreased by 19%.

  • Nearly 30% of all Bitcoins could be ancient by 2035 – why does it matter?

    According to Fidelity, 17% of Bitcoin is classified as ‘ancient.’ It is valued at around 360 billion USD and has not been in circulation for over ten years. More Bitcoin falls into this ancient category daily than new tokens are mined.

    With the increase in ancient Bitcoin and an estimated 20% of mined Bitcoin lost, the effective circulating supply diminishes. This scarcity threatens Bitcoin’s long-term role as a currency, potentially pushing it towards speculation.

  • 🇺🇸 Ohio House passes bill to exempt Bitcoin payments under $200 from taxes.

  • Standard Chartered is looking into the 23 billion USD non-stablecoin RWAs market

    Standard Chartered is exploring the USD 23 billion non-stablecoin RWAs market, driven by expectations of significant growth. Non-stablecoin RWAs currently account for only 10% of the stablecoin market, showcasing potential for increased market share.

    The bank suggests that future tokenization efforts should prioritize on-chain assets for their cost efficiency and liquidity benefits compared to off-chain assets. It identifies private equity and liquid off-chain commodities as key sectors for growth in this area.

    With major institutions like BlackRock and JPMorgan exploring tokenized funds, the landscape is shifting. Although regulatory clarity is improving, inconsistent KYC standards across jurisdictions remain a challenge for expansion.

  • New York authorities freeze 300,000 USD linked to crypto scammers

    New York authorities announced the freezing of 300,000 USD linked to a scheme targeting the Russian-speaking community through deceptive digital asset investment ads.

    The investigation revealed over 300 victims suffering losses above 1 million USD, with 140,000 USD recovered and additional funds frozen as a precaution.

    In response, Meta removed more than 700 fraudulent advertisements associated with this scheme, highlighting the persistent issue of scams in the crypto space.

  • Examining why Bitcoin’s bull run may have more room – MVRV ratio reveals…

    Bitcoin shows strong underlying support for price increases driven by current holding behaviors and fundamentals. Despite hovering above 104,000 USD, the metrics indicate a potential for growth, as the market hasn’t reached euphoric extremes.

    Currently at 2.25, the MVRV ratio indicates Bitcoin remains below peak bull market levels. This suggests that Bitcoin might have further room for price appreciation while reflecting sustainable momentum instead of speculative behavior.

    A cluster of liquidations near 104,000 USD poses risks of triggered sell-offs while presenting opportunities for short squeezes. The combination of negative sentiment and declining investor activity adds complexity to the current market scenario.

  • Bitcoin might be flat, but traders have their eyes on this shiny new token: analysis

    Bitcoin is currently trading around 103,740 USD, close to the crucial support level of 104K USD as market volatility arises from geopolitical tensions. Despite this stagnation, institutional interest in crypto remains solid, backed by positive ETF inflows.

    Aero Finance (AERO) has seen a remarkable increase of 35%, driven by Coinbase’s recent integration announcement. This exposure is anticipated to attract interest from Coinbase’s 10.8 million monthly users.