By Kapil Rajyaguru
Donald Trump Launches New DeFi Initiative with Family Ties.
Former US President Donald Trump unveiled World Liberty Financial (WLF), a family-affiliated decentralized finance (DeFi) concept. With breakthrough technology that make financial transactions easier, this initiative intends to change the financial landscape.
WLF will use WLFI, a non-tradable governance token. User incentives will get 17% of the token, while the team will receive 20%. The public will buy 63%.
Cathedra Bitcoin Cools Off Mining To Tap Microstrategy Playbook.
After seven years of mining, Canadian Bitcoin miner Cathedra Bitcoin is switching to buying Bitcoin on the open market like MicroStrategy.
Cathedra plans to construct data operating centers to generate “predictable cash flows” to acquire additional Bitcoin and keep the Bitcoin it earns from its mining activities, signaling it won’t abandon mining.
Bhutan Has Twice As Much Bitcoin As El Salvador, Says Arkham.
Bhutan has more Bitcoin than El Salvador. Arkham Intelligence claimed to be the first to publicly identify Bhutan’s Bitcoin holdings on Sept. 16 by pointing to a collection of addresses containing 13,029 BTC, worth $758 million.
El Salvador began buying Bitcoin in September 2021 at $51,700. The Nayib Tracker website follows Bhutan’s portfolio and shows 5,875 BTC worth $331 million, 45% of its holdings.
Michael Saylor’s MicroStrategy Plans Another $700 mn Convertible Note Issuance.
On Monday, Nasdaq-listed Bitcoin developer MicroStrategy (MSTR) revealed that it will be amassing $700 million in convertible senior notes to be payable in 2028.
According to the written information, the company will use the proceeds of the offering to fund the repayment of $500 million on senior secured notes with an annual yield of 6.125% by 2028. The unallocated funds will be responsible for the purchase of additional bitcoin (BTC) and other company use cases.
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