By Kapil Rajyaguru
Cosmos Ecosystem Giant Interchain Foundation Sells 21,600 ETH Worth $55mn.
The Interchain Foundation, a key contributor to the Cosmos ecosystem, has sold 21,600 ETH since April 2024, securing $55.97 million.
Over the years, the foundation has strategically liquidated 4,499 BTC and 223,305 ETH, amassing around $132.2 million. Despite these notable sales, the foundation continues to hold substantial reserves, signaling its sustained involvement in the crypto space.
The move highlights their strategic management of assets while ensuring long-term support for the Cosmos ecosystem.
Marathon Digital Raises $1bn to Buy More Bitcoin.
Marathon Digital Holdings announced today the successful closure of its $1 billion offering of 0% convertible senior notes due 2030. Under Rule 144A of the Securities Act of 1933, qualified institutional buyers received the funds through a private placement.
According to the press release, the offering included an additional $150 million in notes, exercised in full by initial purchasers on November 19, 2024.
Currently, Marathon already holds approximately 27,000 BTC, making it the second-largest Bitcoin holder among public companies. The funds from this offering will further enhance its position, as the company aims to capitalize on the ongoing institutional adoption of Bitcoin.
WisdomTree Launches XRP ETP on Major European Exchanges.
Asset management firm Wisdomtree has launched its new cryptocurrency exchange-traded product (ETP), the Wisdomtree Physical XRP (XRPW), across major European exchanges, including Deutsche Börse Xetra, Six Swiss Exchange, and Euronext in Paris and Amsterdam.
This new XRP ETP provides investors with a simple and secure way to gain exposure to XRP’s price, with a low management expense ratio of 0.50%. XRP fully backs it, providing a direct link to its spot price.
Solana Surpasses ATH, Records 172mn Weekly Transactions.
Solana (SOL) has broken its previous all-time high (ATH) of $259.52, reaching a new peak of $264 today, up 8.87% in the last 24 hours. The rally follows a period of explosive growth, with Solana trading between $150 and $160 just a week ago, before surging more than 35% to break above the $200 mark.
SOL is trading at $262 this morning, demonstrating strong momentum. The market cap currently stands at $124.58 billion, while the 24-hour trading volume has surged by 60% to $11.05 billion.
Impressive on-chain activity largely fuels the recent surge. During the week of the US election, Solana recorded an astounding 172 million transactions, signaling a significant boost in network adoption. The project has continued its upward trajectory, now eyeing the $300 target.
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