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[ MicroStrategy plans to sell $700 million convertible senior notes to buy more Bitcoin]
Business intelligence company MicroStrategy (ticker: MSTR) announced that it plans to sell up to $700 million in convertible senior notes to finance additional BTC purchases and repurchase debt.
The private placement will reportedly be “subject to market conditions” and mature in 2028. The notes will be MicroStrategy’s unsecured senior debt (a type of debt not backed by collateral) with interest payments twice a year.
MicroStrategy has a total debt of $3.9 billion as of June 2024. According to a filing with the U.S. Securities and Exchange Commission, the company purchased 244,800 BTC worth nearly $10 billion, including 18,300 BTC worth more than $1 billion last week.
[ Gemini founders Winklevoss brothers are the largest individual crypto donors in this US election, donating a total of $10.1 million]
According to Federal Election Commission data compiled by crypto market and blockchain analyst James Delmore and independently verified by CNBC, Gemini Trust Co. founders Cameron Winklevoss and Tyler Winklevoss are the largest individual crypto donors in this U.S. election cycle, donating a total of $10.1 million, or just over $5 million each.
With 50 days to go until the November election, political donations from or in support of the crypto industry have reached around $190 million.
The Winklevoss duo reportedly donated a total of approximately $1.7 million in Bitcoin to Trump 47, a committee that raises money for Trump, donated more than $700,000 in total to the pro-Trump Make America Great Again political action committee, and donated $4.9 million to a bipartisan political action committee that supports cryptocurrency.
[The probability of the Federal Reserve cutting interest rates by 50bp this week is higher than 25bp]
According to CME's "Fed Watch": The probability of the Fed cutting interest rates by 25 basis points in September is 33.0%, and the probability of cutting interest rates by 50 basis points is 67.0%. The probability of the Fed cutting interest rates by 50 basis points by November is 19.3%, the probability of cutting interest rates by 75 basis points is 52.9%, and the probability of cutting interest rates by 100 basis points is 27.8%.
[Data: Ethereum 's 7DMA of daily staker income fell to the lowest level since mid-February]
The Block data shows that on September 12, the 7DMA (7-day moving average) of Ethereum's daily staker income fell to US$5.44 million, the lowest level since mid-February.
Staker income on Ethereum refers to the rewards and benefits that participants in the Ethereum Proof of Stake (PoS) consensus mechanism receive for validating transactions and protecting the network. This income is usually generated through block rewards and transaction fees, which are distributed to stakers in proportion to the amount of ETH they stake. A decrease in this metric means that stakers are receiving less income from participating in the network, which may be affected by factors such as reduced network activity, resulting in fewer transaction fees paid.
[Former Celsius CEO Alex Mashinsky faces 115 years in prison, seeks testimony from six witnesses]
Former Celsius CEO Alex Mashinsky has requested testimony from six witnesses who worked at the cryptocurrency company as he faces a possible prison sentence of more than 100 years (115 years), The Block reports.
Mashinsky was arrested last year after prosecutors accused him of defrauding clients and misleading them about Celsius’ profitability. In a memorandum filed by his lawyers on Friday, he asked the New York District Court to allow witnesses ranging from the cryptocurrency lender’s chief financial officer to its chief revenue officer to testify at his criminal trial. They said many of the proposed witnesses live outside the United States.
Celsius filed for bankruptcy in 2022 and was shut down earlier this year, and in July 2023, the U.S. Securities and Exchange Commission sued the crypto lender and Mashinsky, accusing them of raising billions of dollars through fraudulent and unregistered cryptocurrency sales, repeatedly lying to investors about Celsius's financial condition, and manipulating the price of the company's native token, CEL.
[ Vitalik Buterin : Independent stakers may be the key to Ethereum’s long-term security]
Vitalik Buterin said at the 2024 Singapore Ethereum Conference that "Solo Stakers may be the key to Ethereum's long-term security and an important pillar of Ethereum's decentralization."
It is reported that through independent staking, they reduce their dependence on large institutions and protect the network from centralized control. Another benefit is the defense against 51% attacks. Even if only a small amount of ETH is staked, independent stakers can make it more difficult for any single entity to take over the network or perform a 51% attack.
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