The post New Hampshire Rejects $100 Million Bitcoin-Backed Bond in 3-2 Vote appeared on BitcoinEthereumNews.com.
Bitcoin News New Hampshire has killed a $100 million Bitcoin-backed bond, with the state’s Executive Council voting 3-2 against authorizing what supporters billed as the world’s first such issuance. The council, which reviews major state financial actions, delivered the decision at the proposal’s final approval stage on Wednesday, ending a plan that had already cleared earlier hurdles. State officials had promoted the instrument as a first-in-the-nation bid to attract digital finance to the Granite State. Its collapse marks a notable setback for public-sector Bitcoin adoption, coming just months after the deal secured a formal credit rating and reached the last governmental checkpoint before it could be issued. The bond had earned a Ba2 rating from Moody’s before reaching the council, and it was to be issued by the Business Finance Authority of the State of New Hampshire. St
The post TeraWulf Targets $3.5B Debt For Kentucky AI Campus appeared on BitcoinEthereumNews.com.
US-listed Bitcoin mining company TeraWulf is reportedly seeking to raise $3.5 billion in debt to expand its Justified Data campus in Kentucky, a facility leased by artificial intelligence company Anthropic under a long-term agreement. The deal is expected to launch this year, with investment bank Morgan Stanley leading the financing effort, TeraWulf chief financial officer Patrick Fleury said, according to a Thursday Bloomberg report. The deal could include leveraged loans and high-yield bonds, marking TeraWulf’s first entry into the leveraged loan market, the report stated. The news comes days after TeraWulf signed a 20-year lease agreement with Anthropic for the Kentucky facility, showing how demand for AI computing capacity is creating new funding opportunities for data center operators. TeraWulf’s previous financing activity includes multibillion-dollar offerings The Justified Data camp
Saylor's Bitcoin sale highlights the volatility and strategic shifts in corporate crypto holdings, impacting investor confidence and market dynamics.
The post Michael Saylor’s Strategy sells 3,588 Bitcoin in largest liquidation ever, rattling crypto investors appeared first on Crypto Briefing.
The post Metaplanet Studies Bitcoin-backed Digital Bonds in Japan appeared on BitcoinEthereumNews.com.
Japanese investment and Bitcoin treasury company Metaplanet’s securities arm, Metaplanet Securities, stablecoin issuer JPYC and tokenization infrastructure provider Progmatare are tying up on a joint study on Bitcoin-backed digital credit products in Japan. The study involves using BTC as collateral and a credit enhancement tool combined with the Japanese yen-pegged JPY Coin (JPYC) stablecoin for settlement and payments, while security tokens will be used to manage holder rights, Metaplanet said Friday. The joint study will examine whether Bitcoin can be used as collateral or credit enhancement for digital corporate bonds and other credit instruments, with 24/7 accessibility, settlement and daily interest accrual for holders, issued on the blockchain ledger. No product has been launched yet as part of the experiment. The study suggests Metaplanet is looking beyond its role as a Bitcoi
The post Bitcoin (BTC) price challenges Monday’s rejection level as ether (ETH) looks to break its streak of lower highs appeared on BitcoinEthereumNews.com.
The crypto market took another leg higher on Friday with bitcoin BTC$64,388.92 trading at $64,400, up by 2% since midnight UTC. The largest cryptocurrency is currently at the price it failed to penetrate on Monday. If it can break past this level, it will likely advance toward the June 15 high of $67,250. Ether (ETH) outperformed bitcoin, rising 2.6% to $1,790 as it looks to snap a trend of sequential lower highs and lower lows. There were also notable gains across the altcoin sector ahead of the weekend, typically a period of lower liquidity. Zcash (ZEC) and aave AAVE$96.92 both rose by around 5% as optimism is slowly crept back into more speculative bets after months of waning sentiment. Crypto diverged from U.S. equities, with S&P 500 index futures and Nasdaq 100 futures falling 0.1% and 0.4%, respectively. Derivatives position
The post Bitcoin tops $64K as improving risk sentiment boosts crypto market recovery appeared on BitcoinEthereumNews.com.
Key takeaways Bitcoin (BTC), Ethereum (ETH), and XRP extended their recovery as geopolitical concerns eased. Market sentiment improved after US President Donald Trump said Iran had reached out to discuss a potential agreement. Bitcoin has surpassed the key $64,000 resistance level, with a breakout potentially strengthening the short-term outlook. Bitcoin (BTC) extended its recovery on Friday, climbing above the $64,000 level as improving investor sentiment supported a broader rebound across the cryptocurrency market. The recovery comes after geopolitical concerns eased following comments from US President Donald Trump, who said Iran had contacted the United States to discuss a potential agreement. The remarks fueled hopes of reduced tensions in the Middle East, encouraging investors to return to risk assets. The positive sentiment also helped Ethereum (ETH) edge cl
The rejection highlights the challenges of integrating volatile digital assets into public finance, reflecting broader hesitance in institutional adoption.
The post New Hampshire’s $100M bitcoin bond proposal fails final vote appeared first on Crypto Briefing.
The post Bitcoin faces $62K max pain as $1.75B crypto options expire appeared on BitcoinEthereumNews.com.
Bitcoin and Ethereum options worth about $1.75 billion expired on July 10 as traders maintained a cautious view of the crypto market. Summary Bitcoin options worth $1.5 billion expired as traders watched the key $62,000 maximum pain level. Ethereum’s 1.26 put-call ratio reflected unusually high demand for downside protection during the weekly expiry. Institutional traders sold short-term calls, suggesting limited confidence in a sustained crypto market rally ahead. According to data shared by Greeks.live, about 23,000 Bitcoin options expired with a notional value of $1.5 billion. The contracts had a put-call ratio of 0.97 and a maximum pain level of $62,000. Meanwhile, 140,000 Ethereum options expired with a notional value of $250 million. The ETH contracts carried a put-call ratio of 1.26 and a maximum pain level of $1,700. Bitcoin options traders limit short-term upside Bitcoin r
