Web3 Diaries-Bitcoin Bull Michael Saylor Might Buy A Lot More Bitcoin
MicroStrategy, a software provider that has acquired a sizable bitcoin (BTC) hoard in recent years, aims to raise up to $750 million by selling more shares, with the revenues going towards purchasing more bitcoin, among other things.
The statement was made late Tuesday in a Securities and Exchange Commission filing. In the aftermath, Bitcoin’s price climbed substantially, surpassing $29,800 from roughly $29,200.
Meanwhile, MicroStrategy has reported a $24.1 million impairment charge on its crypto holdings but nonetheless returned to profitability this quarter.
FTX Creditors Disappointed With Exchange’s Bankruptcy Exit Plan
A group representing FTX clients has stated that it is “extremely disappointed” with the exchange’s planned bankruptcy exit strategy, which it alleges was rejected by the exchange’s restructuring team.
FTX’s Official Committee of Unsecured Creditors (UCC) stated in a July 31 court filing that despite numerous requests and earlier commitments from the team, it “did not have a single call or meeting” with FTX to discuss their revised Chapter 11 plan.
The plan describes and categorises client claims into classes, as well as a strategy for re-launching FTX as an offshore exchange. If the UCC was disregarded, it threatened to put up its own plan for FTX consumers to vote on.
Justin Sun, DCF God, Others Queue Up to Buy CRV Tokens
There’s hope coming the way of Curve Finance amid a recent exploit to the decentralized exchange.
Curve Finance suffered an exploit earlier this week due to a vulnerability related to the Vyper programming language. Hackers made off with crypto assets worth $52 million, including 7.19 million worth CRV tokens, worth $4.52 million.
The move also plummeted the price of CRV to two-month lows of $0.59 following the attack, per CoinGecko, increasing the liquidation risk of Micheal Egorov’s loans.
The principal value of Michael Egorov’s loan on Aave dropped from $63.3 million to $54.1 million thanks to the help from a host of backstoppers.
He deposited around 37 million CRV tokens, worth around $22.2 million, today, according to the transaction history of his Ethereum wallet.
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