MicroStrategy Increases Convertible Note Offering by 40% to $700M in Bitcoin Splurge

The proceedings of the issuance will be used to acquire more bitcoin and for general corporate affairs.Source

Drake on Brink of $1M Bitcoin Loss as NHL and NBA Bets Sour

Canadian singer Drake is on the cusp of losing $1 million worth of crypto after he placed two individual $500,000 bets on the Edmonton Oilers and the Dallas Mavericks to win their respective Stanley Cup and NBA finals.Source

DeFi Heavyweight Curve Focused on Becoming ‘Safest’ Lending Platform, Founder Says

Curve founder Michael Egorov’s $100 million in loans taken from various protocols using Curve’s CRV tokens started to automatically liquidate on Thursday, sending the token down as much as 30% before it briefly recovered.Source

First Mover: Bitcoin Struggles Near $67,000 as Cryptos Lag Behind Stocks

The latest price moves in bitcoin (BTC) and crypto markets in context for June 14, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.Source

Nigeria Drops Tax Charges Against Binance Executives

The executives, Tigran Gambaryan and Nadeem Anjarwalla, are still named in a money-laundering case.Source

Bitcoin Traders See Short-Term Bearish Target at $60K as Miners Pare Holdings

Persistent testing of the lows sets the bears up for quick success with their next target at $60,000, one trader said.Source

More Central Banks Are Exploring a CBDC, BIS Survey Finds

There’s a greater chance of a wholesale CBDC being issued within six years than a retail one, according to the report.Source

Taiwan Crypto Advocacy Body Becomes Formally Active With 24 Entities

Taiwan’s crypto advocacy body, the Taiwan Virtual Asset Service Provider Association, has been formally established and the founding meeting held with 24 cryptocurrency-related entities.Source

Here’s Why Bitcoin’s Not Keeping Pace With Nasdaq

Bitcoin has declined 6% in one week even as Nasdaq rallies to fresh record highs.Source

Bitcoin Could Hit $1M Within 10 Years, Bernstein Says as It Initiates Coverage of MicroStrategy

The broker initiated coverage of the stock with an outperform rating and a $2,890 price target.Source