🔔 Market-moving news! (21/06/25)
1️⃣ Nakamoto Holdings secures $51.5 million to expand its Bitcoin treasury strategy 💸
Reports indicate that KindlyMD, a healthcare data company that merged with Nakamoto Holdings for Bitcoin, has secured $51.5 million in new capital through a private investment in public equity (PIPE) deal. A significant portion of the newly raised funds will be used to purchase Bitcoin for Nakamoto Holdings' treasury. The healthcare data company sold its common shares at $5 each during the fundraising process, bringing its total funding to approximately $563 million, including $763 million in convertible bonds.
2️⃣ The Wyoming Stable Token Committee is targeting the launch of the WYST stablecoin on the mainnet on August 20 ✨
Reports indicate that the Wyoming Stable Token Committee is targeting the launch of the WYST stablecoin on the mainnet on August 20, a stablecoin pegged to the US dollar, licensed under the Wyoming Stable Token Act of 2023. However, the committee has not yet specified which of the eleven selected blockchains will be used for the coin's launch. The eleven chains are: Aptos, Arbitrum, Avalanche, Base, Ethereum, Optimism, Polygon, Sei, Solana, Stellar, and Sui.
3️⃣ Circle has initiated a buy recommendation for Seaport Securities, which is looking for a $2 trillion investment opportunity in stablecoins 🕯
Reports indicate that Seaport Global, a Wall Street research firm, has given a buy recommendation for Circle (CRCL) stock, with a target price of $235. Seaport noted that the market cap of stablecoins could reach $2 trillion in the coming years. This is significantly higher than the current market cap of $260 billion. Seaport also expects Circle to achieve annual revenue growth of between 25% and 30% with a gross profit margin of approximately 40%.
4️⃣ Coinbase wins a European Markets in Crypto-Assets (MiCA) license in Luxembourg ‼️
Reports indicate that the cryptocurrency trading platform Coinbase has won a European Markets in Crypto-Assets (MiCA) license from Luxembourg. This license will allow Coinbase to provide its services across the thirty countries in the European Economic Area.
Coinbase stated:
Luxembourg has long been a key player in the European financial system, and we are pleased to announce that Coinbase is officially establishing its European cryptocurrency hub in this vital country under the regulatory framework of the Markets in Crypto-Assets (MiCA).
5️⃣ Former Celsius CEO Alex Mashinsky has waived all his bankruptcy claims!
Reports indicate that Alex Mashinsky, former CEO of Celsius, has agreed to waive all his claims against the assets of the bankrupt cryptocurrency lending company. This allows Celsius to distribute funds that were previously tied up in competing claims. The agreement was filed on Monday in the US Bankruptcy Court for the Southern District of New York.
