Ethena Labs has announced plans to scale the USDe stablecoin by adding Bitcoin as an additional backing asset. In their latest social media posts, Ethena shared that integrating Bitcoin as a backing asset aims to increase USDe’s current stability of $2 billion. This update seeks to leverage Bitcoin‘s liquidity to enhance the stablecoin’s existing framework....
JAKARTA - PT Mahakam Coal Terminal (MCT), a subsidiary of PT Ancara Logistic Indonesia Tbk (ALII), will pay off the remaining obligations earlier than the due date (voluntary prepayment) of US$20.82 billion. MCTs creditors are OCP Asia Fund IV (SF 1) Pte Limited and OCP Asia Fund V (SF 1) Pte Limited. Quoted from the...
Binance has terminated cash payments for peer-to-peer (P2P) cryptocurrency trades in India, a move intended to bolster compliance and align with regulatory standards. This decision comes as the exchange seeks to establish greater legitimacy in the Indian market despite the previous flexibility that allowed traders to settle transactions using physical cash or bank deposits. Binance’s...
Asian stocks fell on Friday as U.S.-China tensions persisted and China\'s ruling Communist Party ended a top-level meeting without offering details to address economic difficulties. Tech stocks extended losses despite TSMC\'s earnings beat. The U.S. dollar rebounded from four-month lows while gold fell more than 1 percent toward $2,400 per ounce but was on track...
Donald Trump, previously a crypto skeptic, managed to raise $25m at the Bitcoin 2024 conference in Nashville this past weekend, according to Bitcoin Magazine CEO David Bailey. Most funds were raised during the Bitcoin Conference fundraiser for Trump at Nashville’s Music City Center on Saturday, right after his big speech. The event was reportedly his...
MD Entertainment Tbk (FILM), an entertainment and film production house, plans to issue 951.12 million new shares without pre-emptive rights, or private placement. The number of newly issued shares is equal to 10% of FILM’s current issued and paid-up capital. The private placement price is set to at least 90% of average closing price of...
Jayshree Ullal, the President and CEO of Arista Networks , Inc. (NYSE:ANET), has sold a significant number of shares in the company, according to a recent filing with the Securities and Exchange Commission. The transactions, which took place on March 21, 2024, involved the sale of 21,500 shares of common stock at a price of...
Asian stock markets are trading mostly higher on Thursday, despite the broadly negative cues from Wall Street overnight, as the markets react to the US Feds decision to lower interest rates for the first time in over four years, aggressively slashing rates by half a percentage point. Fed officials also suggested the central bank will...
HNI Corp. (HNI) reported Monday that net income attributable to the company for the first quarter surged to $17.7 million or $0.37 per share from $1.6 million or $0.04 per share in the year-ago quarter. On average, four analysts polled by Thomson Reuters expected the company to report earnings of $0.18 per share for the...
BTC has dipped by 0.5% today, with the Bitcoin price more or less holding to the $70,700 level on a day when the crypto market has fallen by 1%. Bitcoin remains up by 5.5% in a week, with its market cap returning to $1.39 trillion in the past 24 hours, in a sign of returning...