By Kapil Rajyaguru
By Kapil Rajyaguru Tether Raises Bitdeer Stake to 21%: SEC Filing
Tether, the issuer of the USDT stablecoin, increased its stake in bitcoin miner Bitdeer to 21%.
The acquisition was financed with Tether’s working capital, following an initial investment of $100 million in May 2024, the company said in an SEC filing.
Tether is diversifying its portfolio after banking record profit, including adding stakes in Juventus FC and a bid for a majority stake in Adecoagro.
Metaplanet Continues Bond Issuance for Bitcoin Buys
Japan’s Metaplanet has issued more zero-interest bonds, using some of the proceeds to buy 150 BTC worth around $12.5 million.
In a notice to shareholders, the Tokyo-based company said it issued 2 billion yen worth $13.4 million of the bonds to buy the bitcoin, with Evo fund once again acting as the sole bondholder. The bonds will be redeemed in full on Sept. 17.
Hashdex Seeks to Expand U.S. Crypto ETF to Include Litecoin, XRP and Other Altcoins
Crypto asset manager Hashdex filed an amendment with the U.S. Securities and Exchange Commission (SEC) seeking to add litecoin (LTC) and XRP among other cryptocurrencies to its Nasdaq Crypto Index US ETF.
The proposal also lists cardano’s ADA, solana’s SOL and other altcoins including LINK, AVAX and UNI. The fund is currently mostly bitcoin (BTC) with some exposure to ether (ETH), according to Hashdex’s website.
Canary Capital Files for SUI ETF After Reserve Deal With World Liberty Financial
Canary Capital has submitted paperwork with the Securities and Exchange Commission (SEC) to launch an exchange-traded fund (ETF) tracking the price of Sui (SUI), a layer-1 blockchain.
The hedge fund manager on Monday submitted an S-1 filing with the SEC after previously registering a trust entity in the state of Delaware — on March 7 — which appeared on the state’s Division of Corporations website.
Canary Capital has filed several crypto ETF filings with the Securities and Exchange Commission (SEC) in recent months, including for Dogecoin (DOGE), Solana (SOL) and XRP, among others.
The decision to launch a SUI ETF comes 10 days after Trump-affiliated decentralized finance (DeFi) platform World Liberty Financial (WLFI), said that it would add Sui assets to its token reserve and explore product development opportunities.
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