Daily Crypto News

Daily Crypto News 15 June 2021 MicroStrategy $500M Bitcoin

MicroStrategy completes yet another debt raise to purchase Bitcoin. Institutional investors quickly bought up $500 million worth of senior debt notes issued by MicroStrategy. Read More……….

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Certain ETFs have reaped the reward with bitcoin popping back over the $40,000 level and Ethereum over the $2,500 marker. So far, on the day, the top three performing exchange-traded funds all have links to the crypto space. These ETFs, which provide investors exposure to organizations involved in the developing, mining, and utilization of cryptocurrencies, have all benefited.

  • MicroStrategy Closes $500M Offering for Bitcoin Purchase

MicroStrategy completes yet another debt raise to purchase Bitcoin. Institutional investors quickly bought up $500 million worth of senior debt notes issued by MicroStrategy. The firm will use the nine-figure sum to buy Bitcoin. MicroStrategy estimates that the net proceeds from the sale of the notes and the related guarantees will be approximately $488 million after deducting initial discounts and other expenses.

  • Crypto wallet app Ledger Live integrates its first DeFi platform, ParaSwap

Crypto hardware wallet maker Ledger has integrated the first decentralized finance (DeFi) platform — ParaSwap — into its Ledger Live app. The integration allows Ledger Live users to swap tokens on the Ethereum blockchain, via ParaSwap, without leaving their wallets. ParaSwap is a decentralized exchange (DEX) aggregator that supports various DeFi protocols, including Uniswap, Sushiswap, Balancer, and Curve.

  • Defi Tokens Including Aave, Uniswap, Compound Ride ‘Musk Effect’

The price of Aave, Uniswap, and Compound has increased by roughly 9% in the past 24 hours. All three tokens have hit local highs in terms of correlation against the price of Bitcoin too. Spurred by yet another Elon Musk tweet, the price of Bitcoin finally recrossed the $40,000 benchmark on Monday morning, giving a sizable boost to the overall crypto market. 

  • Polygon (MATIC) continues impressive progress as an alternative to Ethereum

Layer 2 solution, Polygon (MATIC) has been seeing increasing volumes from a variety of dApps on its network, some of which have been outstripping the volumes on Ethereum. One of the main reasons for it has been the high gas fees that were seen on the Ethereum network till about a month back. SushiSwap, Aave, and other DeFi projects have already started building on Polygon.

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