Crypto roundup: Bitmine files preferred stock, DOJ freezes $3.8M, Standard Chartered sees BTC bottom
Bitmine filed for 3M shares of 9.5% preferred stock, DOJ froze $3.8M in crypto, and Standard Chartered says bitcoin's bottom is near. Other news: Arthur Hayes exits HYPE/NEAR, Coinbase launches pre-IPO perps, DDC adds 90 BTC, and first BTC-backed mortgage completed.
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In a busy day for crypto news, several key developments emerged. Standard Chartered's Geoff Kendrick stated bitcoin's bottom is 'almost in,' citing resilient ETF holdings and expected Strategy purchases.
- Bitmine filed to offer 3 million shares of 9.5% perpetual preferred stock.
- Polymarket resolved a market on whether Strategy would sell bitcoin by May 31 with a 'No' outcome.
- The DOJ, joined by Coinbase, SpaceX, and Meta, froze $3.8 million in cryptocurrency in an anti-scam operation.
- Arthur Hayes sold his entire HYPE and NEAR holdings, citing AI IPOs and upcoming U.S. midterm elections.
- Coinbase entered the pre-IPO perpetual futures market with a SpaceX contract offering up to 5x leverage.
- Bernstein initiated coverage on TeraWulf and Cipher Digital with Outperform ratings, calling them 'power landlords of AI.'
- DDC Enterprise purchased 90 BTC, increasing its holdings to 2,804 BTC.
- Coinbase and Better completed the first Fannie Mae-backed mortgage using bitcoin as collateral.
- Immunefi reported exploit losses down 74% from 2022 levels.
- Cosmos Labs acquired Mintscan and launched a Korea-based subsidiary.
Source: The Block News Feed