Coinbase Rising Funds via Bonds
With the aim of raising funds, Coinbase is offering convertible senior notes to its institutional investors, which will mature in 2030, upon maturity those notes will be converted into Coinbase stock or cash. This step by Coinbase is to repay company's existing debts and cover its corporate costs.
OTHER NEWS
ETF
Limited time 0 Fees promotion for VanEck's HODL ETF
VanEck has made its Spot BTC ETF (HODL) fee free for the period March 12th to March 31st. This appears to be a move to increase inflows, as according to the announcement if the trust's assets exceed $1.5B before March 31, a 0.2% rate will be charged immediately. Nonetheless, spot BTC ETF users have a chance to take advantage of this.
Thai SEC green signals US spot bitcoin ETFs
Thailand SEC has accepted spot bitcoin ETFs as securities, following the path of US SEC, now Thai large securities firms and institutional investors are allowed to invest in US spot bitcoin ETFs, small investors are not allowed due to risks.
Exchange
Kucoin
KuCoin with Xcademy
AMA : An AMA with XcademyOfficial is scheduled for 13 March 2024 at 12:00 pm (UTC) on Twitter; there is a reward of 1225 XCAD tokens for participating. The market value of the prize is currently over $2k.
Trading Contest: Participants have to buy/sell $XCAD between March 13th and 17th (23:50:50 UTC). Two prize pools of $3k and $7k worth of $XCAD tokens are announced.
Binance
Applications open for Incubation Session 7
Binance's venture capital and incubation arm, Binance Labs, has opened for incubation session 7 applications. Startups across infrastructure, DeFi, and application layers are invited to apply by April 15, 2024, at 11:59 p.m. UTC +0.
ALTCOINS
Litecoin
Litecoin crosses $100
Litecoin has hit the $100-mark, day traders are taking interest in LTC for short term gains. Although LTC is no longer at its former popularity level, it still holds its importance in the mining industry as an established PoW.
Stablecoin
Tether on Celo
Tether will launch USDT on the EVM-compatible Celo blockchain, which is expected to bring USDT to many other blockchains. By supporting Celo, it appears like Tether wants to reverse the August 2023 decision in which it ceased supporting numerous blockchains.
DeFi
MakerDAO's Endgame
Rune Christensen has announced MakerDAO's fundamental transformation 'Endgame', its first phase will launch in summer 2024, according to the announcement, new tokens, subDAO will be launched, DAI and MKR tokens may be upgraded.
NFT
TNSR launch
Tensor has announced the launch of its governance token TNSR. Tensor is the largest NFT marketplace of Solana blockchain.
International Incident
OKX got MPI Licence in Singapore
The Monetary Authority of Singapore (MAS) has given OKX's Singaporean subsidiary in-principle license for the Major Payment Institution (MPI). If the authorities are satisfied, they will give full license to OKX to offer cross-border transfers and digital payment token services in Singapore.
