Bitcoin Accumulation Continues Amid Geopolitical Tension

Amid growing geopolitical uncertainty and market fears, major institutional players continue to accumulate Bitcoin. Here’s the latest from June 18.
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Khamenei: Iran Will Not Accept Imposed Peace or War

Iran’s Supreme Leader Ayatollah Ali Khamenei has stated that his country will not accept an imposed war or peace. Addressing the US, Khamenei emphasized that Iran will never surrender and that any American attack will lead to serious and irreversible consequences.

Wall Street Journal: Israel’s Defense Missiles Are Running Out

According to US officials, Israel’s stockpile of defense missiles is rapidly dwindling. The danger could grow if Iran’s long-range ballistic missiles are not adequately defended against. The US Department of Defense has sent more defense equipment to the region in recent weeks, but the rate at which existing stocks are being depleted is causing concern.

Bitdeer Plans to Issue $300 Million in Convertible Senior Notes

Bitdeer, a Bitcoin mining company listed on Nasdaq, announced plans to issue $300 million in convertible senior bonds. A portion of the proceeds will be used to finance zero-strike option and bond transactions, while the remainder will be allocated to data center expansion and new ASIC mining equipment.

K33 Aims to Raise 85 Million Swedish Kronor to Purchase 1,000 Bitcoin

Norway-based digital asset firm K33 plans to raise at least $8.88 million through a private placement to purchase 1,000 Bitcoin. This strategy aims to strengthen the company’s Bitcoin reserve inventory.

Japanese Fashion Brand ANAP Increases Bitcoin Reserves to 184.67 BTC

ANAP’s subsidiary Lightning Capital purchased an additional 31.21 BTC on June 18. The company’s total investment rose to 2.75 billion yen, with an average Bitcoin purchase price of approximately 14.89 million yen.

BitMine Spent $16.35 Million to Purchase 154 BTC

BitMine, a U.S.-based company, continued its Bitcoin purchases by acquiring an additional 154.17 BTC. The purchases were funded by proceeds from a stock issuance, with an average BTC price of $106,033.

The Blockchain Group Increased Its Bitcoin Reserve to 1,653 BTC

The European-based public company added 182 BTC with its latest purchase, bringing its total holdings to 1,653 BTC. The company reported that its BTC return has reached 1,173% year-to-date and that it will continue to increase its reserves.

3iQ to Launch XRP Spot ETF on the Toronto Stock Exchange

Canadian asset manager 3iQ is preparing to list its XRP spot ETF (ticker: XRPQ) on the Toronto Stock Exchange. No management fees will be charged for the first six months. This product will be the second XRP ETF in Canada.

South Korean Central Bank Governor Takes Cautious Approach to Won-Backed Stablecoins

Central Bank Governor Lee Chang-yong stated that the impact of won-based stablecoins on foreign exchange market stability and the banking system must be carefully examined. Won stablecoins can be easily exchanged for US dollars, which could increase demand for the dollar.

Tether Mints 1 Billion USDT on the Ethereum Network

According to Whale Alert data, Tether has minted a total of 1 billion USDT on the Ethereum network. This transaction is seen as one of the important steps Tether has taken to meet increasing demand.

Archetyp Market Shut Down in Successful Operation

International law enforcement agencies have shut down Archetyp Market, a dark web marketplace dealing in Monero (XMR). It is estimated that over 250 million euros in illegal transactions were conducted on the platform.

by Darkex Research – 1 min read

 

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