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Bitcoin treasury company Strive (Nasdaq code ASST) announced the launch of a $450 million public offering plan to increase its Bitcoin holdings and raise the proportion of Bitcoin per share. This issuance is part of the company's total $950 million capital initiative, which also includes a $500 million stock buyback plan to enhance balance sheet flexibility. Strive currently holds 69 Bitcoins, worth approximately $7.9 million, and can raise an additional $750 million in the next 12 months through warrants. The company stated that it will issue preferred shares through a registration structure to purchase additional Bitcoins, increasing shareholder exposure to Bitcoin and enhancing shareholder value.
in response to Base's announcement of exploring the launch of a network token, Coinbase CEO Brian Armstrong clarified on X platform that they are indeed exploring the Base network token. They hope that this token can become an excellent tool to accelerate the growth of creators and developers in decentralization and ecosystem expansion. However, it should be pointed out that at this stage, there is no specific plan for the related token, and disclosing the information is just for public update of the concept.
Ripple announced a donation of $25 million to two non-profit organizations in the United States, Accion Opportunity Fund and Hire Heroes USA. This funding will be provided in the form of Ripple's dollar stablecoin Ripple USD (RLUSD), aimed at expanding financing channels for underserved small business owners.
There has been growing discussion around the possibility of increasing Ethereum’s gas throughput, either by raising the gas limit or reducing slot time. The key argument in favor of this is that the hardware requirements for running a validator have steadily decreased over the past four years.
1. The U.S. Internal Revenue Service has released a new draft of the crypto tax form, which no longer requires filling in wallet addresses and transaction IDs
Christine Kim, Vice President of Galaxy Research, summarized the main content of the 139th ACDC conference call. The debugging of Pectra's upgraded Devnet 2 is currently underway, and the release date of Devnet 3 is yet to be determined. Developers will hold weekly testing update meetings starting from Monday to better coordinate the release of Pectra's Devnet. The decision to include EIP-7688 in Pectra's upgrade has been postponed again.
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