The transaction gives Cipher a major shareholding in the Singapore-based company.
Canaan buys Cipher’s 49% of West Texas mining venture for $39.75 million in stock
The transaction gives Cipher a major shareholding in the Singapore-based company.
Shares:
AAVE jumped 19% to $355.29, leading the top 40 cyrptocurrencies as investors weighed its Aptos expansion, Powell’s dovish tone and renewed focus on WLFI exposure.
The bitcoin treasury firm is using perpetual preferreds to retire convertibles, offering a potential framework for managing long dated leverage.
The latest price moves in bitcoin (BTC) and crypto markets in context for July 12, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto
Cohort selling and long-term holder distribution add to ongoing pressure.