Top 8 Altcoins with the Highest Long Position Ratio Revealed: Here’s the List and What It Means

Cryptocurrency analytics company Alphractal has published a new analysis of the altcoin market. According to the company’s data, RAY has the highest Long/Short ratio among all altcoins. Following RAY, GTC, COS, DOT, ALPHA, MELANIA, AUDIO and REZ are among the other altcoins where long positions are higher than shorts. The Alphractal team noted that excessively high long/short ratios generally negatively impact altcoin performance, but can also occasionally trigger price bottoms. According to the company, this can create a short squeeze dynamic, with traders closing long positions and opening short positions when prices start to rise again. However, it was emphasized that an increase in Open Interest volume is required for this scenario to occur. Alphractal predicts that there is currently no significant increase in Open Interest in altcoins, so prices may move sideways in the coming days. Image shared by Alphractal showing the long/short ratio in altcoins. Related News: Will History Repeat Itself in Bitcoin (BTC)? Expert Analysts Give Their Predictions On the other hand, Alphractal CEO Joao Wedson announced that an important signal has re-emerged on the Bitcoin side. Wedson stated that the Bitcoin/Stablecoin Reserve Ratio on Binance has given a signal in the $76,000–$77,000 range again, reminding that this level has predicted major Bitcoin rallies in the past. Wedson used the following statements in his statement: “This behavior suggests that stablecoin reserves are growing faster than Bitcoin reserves, suggesting that there is ample capital ready to flow into crypto assets. The same signal appeared after the ‘Coronadump’ in 2020, at the end of 2022, and now again. In all of these instances, the Bitcoin price reacted positively.” *This is not investment advice. Continue Reading: Top 8 Altcoins with the Highest Long Position Ratio Revealed: Here’s the List and What It Means

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XRP Price Watch: Sideways Action Sets the Stage for Volatility

XRP is currently priced at $2.19 with a market capitalization of $128.16 billion. Over the past 24 hours, the token has seen a trading volume of $2.41 billion and an intraday price range between $2.18 and $2.24, reflecting a market poised for its next major move. XRP The one-hour chart for XRP on April 26,

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ECB’s Simkus sees room for two more rate cuts as trade tensions drag on growth

The European Central Bank (ECB) could lower interest rates at least two more times this year, according to Governing Council member Gediminas Simkus. Simkus reported on Friday at the Spring Meetings of the International Monetary Fund in Washington that global trade weakness, largely caused by new US tariffs, is bringing a new threat to Europe’s economy. He also noted that inflation was already declining and could slow down even further in the coming months. The deposit rate was cut for the seventh time since June last year, to 2.25%. However, Simkus thinks there is still room to ease policy without generating financial instability or overheating the economy. Simkus said there was no reason to remain in the current financial environment and that he could not rule out two more cuts this year, given the data he had in front of him. However, he added that more negative surprises would be needed to move lower. His remarks echo what the market has been expecting. Investors are betting on at least two further rate cuts this year. Some analysts, including the ones at Bank of America, forecast that the deposit rate could drop by 1.25% by December, suggesting four further tiny cuts. Simkus also emphasized that the ECB’s approach remained nimble and said he did not think they were late cutting interest rates. US tariffs and strong euro drag down expansion New evidence points to a softening of the eurozone’s economic recovery. Earlier this week, the International Monetary Fund cut its forecast for eurozone GDP, citing mounting trade tensions and tighter financial conditions as key factors. Simkus conceded that policymakers had been “overly optimistic” in predicting how fast the economy would rebound. He added that slower wage growth throughout the euro area has become a symptom of cooling demand. He also cited the recent strength of the euro against other currencies, which makes European exports less competitive abroad. US tariffs, meanwhile, have diverted more Chinese goods to Europe, adding disinflationary pressure. These factors are likely to be reflected in the ECB’s next batch of economic projections, which are set to be published in June. According to Simkus, the new numbers “are expected to include weaker economic growth and slower inflation than the assumptions” made in the previous forecast. Nevertheless, Simkus discounted even more substantial interest rate reductions unless the economy weakens precipitously. For now, the ECB will probably stick to its usual quarter-point steps. EC B sets the pace for action, not reliant on US deals Simkus also emphasized that the ECB will not sit back and wait until the US trade negotiations are imminent. The 90-day wait by the administration of President Trump was an attempt to impose some tariffs as binary options to enable trade agreements with major trading partners. Even with the US ultimatums to some countries, Simkus warned that trade policy uncertainty will probably remain. Several ECB officials shared similar views last week, citing softer manufacturing data and weaker growth in the service sector. Now, markets are watching economic data and the comments from ECB officials up to the bank’s next policy meeting in June. If the economy stays weak, a further rate cut could occur as soon as that meeting, leaving the ECB firmly on its current course of cautious but steady easing. Cryptopolitan Academy: Want to grow your money in 2025? Learn how to do it with DeFi in our upcoming webclass. Save Your Spot

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Bitcoin Bounce Ignites Altcoin Rally – SUI, VIRTUAL, & WLD’s Present Surge and Long-Term Outlook

Bitcoin's recent rise has sparked renewed enthusiasm in the cryptocurrency market. This surge has propelled several alternative coins into the spotlight. Among them, SUI , VIRTUAL , and WLD are making notable gains. The article explores their current performance and potential for future growth, shedding light on which coins might see continued upward movement. SUI Bullish Surge: Gains and Key Price Levels SUI experienced a 37.16% rise over the last month and a remarkable 104.78% gain within six months. Price gains have been swift and pronounced, with weekly changes reaching 69.65% and stirring strong market interest. The data reflects a robust move upward over both recent short-term and longer-term periods, highlighting the coin’s growing momentum. SUI now trades between $1.74 and $3.03, with immediate resistance at $3.78 and a second hurdle at $5.07, while support is seen at $1.21. A high RSI of 77.58 indicates strong buying pressure, though caution is warranted for potential pullbacks. Traders might consider targeting resistance levels and watching for a breakout to signal the next leg in this market move. Virtuals Protocol Price Movements Amid Recent Volatility VIRTUAL experienced a rapid surge over the past week with prices soaring almost 93%. The one-month change reflected a solid gain of around 45.57%. However, over the half-year, the coin saw a moderate decline of 13.61%, indicating a mix of performance. Price changes have been characterized by short-term spikes and more tempered mid-term corrections. Recent activity suggests increased trading interest, but a stable long-term trend has not yet formed. Current trading sits between $0.35 and $1.02, with key resistance at $1.46 and solid support near $0.12. A high RSI near 79 signals bullish pressure, though caution is warranted. Traders might consider buying near support and monitoring for breaks above resistance while placing stops around the lower level for risk management. Worldcoin Market Outlook: Short-Term Gains Amid Longer-Term Decline Last month, WLD showed a clear rebound with a 26.55% increase and a 66.14% jump over one week. Despite this bullish momentum, the six-month figure dipped significantly by 42.39%. Price action has been characterized by volatility, with rapid rallies followed by notable pullbacks, creating a mixed picture of recent performance. Current trading stays between a low of $0.35 and a resistance near $1.47, indicating upbeat short-term momentum driven by bullish pressure. The range between $0.56 and $1.12 suggests a potential buying zone. Traders should monitor a breakout above $1.47 or consider exiting if the level fails to hold, ensuring risk management within these key levels. Conclusion The recent bounce in Bitcoin has led to a surge in altcoins like SUI , VIRTUAL , and WLD . SUI is showing strong potential with growing interest. VIRTUAL is gaining momentum driven by innovative features. WLD has seen a significant rise and continues to attract attention for its unique offerings. The positive trend in Bitcoin has provided a much-needed boost for these altcoins, suggesting an optimistic outlook in both the short and long term. Future performance of these coins will depend on sustained interest and further market developments. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

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You Missed Solana’s Surge—Qubetics Is the Top Crypto Assets to Buy Before the 425% ROI

Crypto enthusiasts, take a step back and think for a moment—when was the last time a new coin came along that caught everyone’s attention like Bitcoin in its early days? The market has been rife with up-and-coming assets, each promising the next big thing. You’ve probably seen how fast coins like Solana exploded and became a “must-have,” only for it to settle and leave a few scratching their heads. With the rise of new projects in 2025, there’s one coin that’s currently making waves: Qubetics ($TICS). Could it be the next big thing? While the likes of Solana were once considered the future, could Qubetics be the missed opportunity of tomorrow? Let’s dive in and take a closer look. As the crypto market continues to shift, one thing remains clear—timing is everything. Solana was once the talk of the town, offering scalability and speed. But now, as its growth slows, attention has started to shift toward other rising stars. That’s where Qubetics comes into play. With its innovative tech and strong fundamentals, this new project is quickly gaining traction. The Qubetics presale has already raised over $16.4 million, and the token’s price is still incredibly affordable at $0.1902. Here’s why Qubetics might just be the opportunity you’ve been waiting for. Solana: A Missed Opportunity or a Lesson Learned? Solana was once hailed as the “Ethereum Killer.” It promised to solve the scalability problems that Ethereum struggled with, offering faster transaction speeds and lower fees. During its peak, Solana soared to new heights, pushing its price to over $250 per token. If you caught the Solana wave early on, you were likely sitting on some serious gains. But now, things are different. The once-mighty Solana has seen its value fluctuate, and while it’s still a top crypto asset, it’s no longer the new and shiny thing. For some, Solana’s rise was the stuff of dreams, but its later decline serves as a reminder of how volatile the market can be. Despite its speed and scalability, Solana faced network outages, security concerns, and increased competition. These factors led some to lose faith in its long-term potential. But what if you missed the boat on Solana? If you did, you might be feeling a bit of FOMO, especially as new projects like Qubetics pop up with fresh promises. Unlike Solana, Qubetics seems to be addressing real-world issues that many previous crypto projects couldn’t. Why Qubetics ($TICS) Is the Next Big Thing in Crypto Now, let’s talk about Qubetics. Unlike Solana, which focused primarily on scalability and speed, Qubetics is here to solve some of the most pressing problems faced by businesses and individuals in today’s digital world. One of the key reasons Qubetics is gaining attention is its focus on interoperability. It’s designed to work seamlessly across various blockchain platforms, enabling different networks to communicate and share data effortlessly. In a world where cross-chain compatibility is still a challenge, Qubetics has positioned itself as the solution. The Qubetics presale is currently in its 31st stage, and it has already sold over 509 million tokens to more than 25,200 holders, raising over $16.4 million. Despite all this success, the price of $TICS is still just $0.1902 per token in the current presale stage, making it an affordable entry point. Analysts predict that after the presale, $TICS could soar to $1, giving holders a 425% return on investment. If the price hits $5 after the presale, that’s a staggering 2527% ROI. And if $TICS reaches $15 after the mainnet launch, holders could see an astronomical 7783% return. With such promising predictions, Qubetics is positioning itself as the next crypto superstar. Qubetics: Solving Real-World Problems with Blockchain It’s easy to get caught up in the numbers and price predictions, but the real question is: how will Qubetics affect real-world industries and people? One of the most exciting things about Qubetics is its practical applications. Whether you’re a business owner, a professional, or someone just looking for ways to simplify your digital life, Qubetics has the potential to make a significant impact. For example, imagine you’re running an e-commerce business. Managing payments, inventory, and customer data across different platforms can be a logistical nightmare. With Qubetics, the ability to integrate all these systems into a unified blockchain-based platform could save you time and money. Whether it’s managing supply chains, processing payments, or tracking inventory, Qubetics could provide the tools to streamline operations. For the average person, the Qubetics platform offers the opportunity to use blockchain technology in ways that were previously out of reach. Whether it’s improving security for personal transactions or enabling faster cross-border payments, Qubetics offers practical solutions that cater to everyday needs. What’s Next for Qubetics: Price Predictions and Potential As analysts continue to watch Qubetics’ presale progress, many believe the price of $TICS could skyrocket once it hits the mainnet. Currently, analysts are predicting a price range of $10-15 per token after the mainnet launch. If these predictions hold true, Qubetics could deliver massive returns for those who get in now at the crypto presale price of just $0.1902. Imagine buying a token for less than $0.20 and watching it reach $15 in just a few months. That’s the kind of ROI that has crypto enthusiasts buzzing. The beauty of Qubetics is its long-term potential. Unlike many crypto projects that rely solely on speculation and hype, Qubetics has a strong foundation built on solving real-world problems. Its focus on interoperability, scalability, and user-centric solutions positions it as a true disruptor in the crypto space. As blockchain technology continues to evolve, Qubetics could be the coin that leads the charge. Qubetics Presale: Don’t Miss Out on This Opportunity The Qubetics presale is now in its 31st stage, and with over 509 million tokens already sold, it’s clear that demand for $TICS is high. But there’s still time to jump on board before the price goes up. At just $0.1902 per token, it’s an affordable entry point for anyone looking to get into the next big thing in crypto. As more people become aware of Qubetics’ potential, the presale price will likely increase. By getting in now, you can position yourself for significant gains once the mainnet launches. Analysts are predicting a price surge, with $TICS possibly reaching $1, $5, or even $15 after the presale. Don’t wait for the opportunity to pass you by—buying in now could mean the difference between regret and success down the road. Conclusion: Why Qubetics Is the Crypto Opportunity You’ve Been Waiting For It’s clear that Qubetics has all the makings of a top crypto assets in 2025. With its innovative approach to interoperability and real-world applications, it’s poised to make a major impact on the blockchain space. If you missed out on Solana, don’t let Qubetics pass you by. The presale is still live, and with analysts predicting massive returns, now is the time to act. Don’t let another opportunity slip through your fingers. Get in on the Qubetics presale before it’s too late and watch your crypto portfolio grow. For More Information: Qubetics: https://qubetics.com Presale: https://buy.qubetics.com Telegram: https://t.me/qubetics Twitter: https://x.com/qubetics FAQ What is Qubetics ($TICS)? Qubetics is a new blockchain project focused on solving real-world problems like interoperability between different blockchain networks. It aims to create a seamless experience for users and businesses through its innovative platform. How much has Qubetics raised in its presale? As of now, Qubetics has raised over $16.4 million, with more than 509 million tokens sold. What is the current price of $TICS? The current price of $TICS is $0.1902 per token during the presale stage. What are analysts predicting for Qubetics’ future price? Analysts predict that the price of $TICS could reach $1 after the presale, $5 after the presale, and $15 after the mainnet launch. Can I still buy $TICS at the current presale price? Yes, you can still purchase $TICS at the presale price of $0.1902, but the price is likely to increase as demand rises. The post You Missed Solana’s Surge—Qubetics Is the Top Crypto Assets to Buy Before the 425% ROI appeared first on TheCoinrise.com .

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S&P 500 claws back half its tariff losses, but the chaos is far from over

The S&P 500 pulled off a brutal 14-day rally after getting hammered by President Donald Trump’s tariff plan, clawing back half the ground it lost in the last meltdown. This rebound, fueled by fear, confusion, and desperate buyers, happened so fast it left most traders spinning. According to data from CNBC, the index jumped more than 10% from its lowest close and ripped 14% higher from the savage April 7 intraday low. The snap rally kicked off after a massive flight out of US dollar assets and Treasuries created a gaping hole in the market. The S&P 500 punched right into the gap left by the April 3 panic selloff. On a closing basis, the index has recovered exactly half of what it lost, but the damage to investor confidence and market structure still stinks. Buyers rush in as technical signals flash green Some of the technical signals flashing during this rebound would make a Wall Street nerd drool. Thursday triggered the rare and hyped-up Zweig breadth thrust, where the market sees a cluster of extreme positive breadth days after being smashed down. There have been 19 known cases of this since the 1940s, and every time, the S&P 500 finished higher six to twelve months later. Still, some analysts argue that recent decades brought more false alarms because of decimalized trading and a flood of ETFs letting people yank the whole market around at once. Bespoke Investment Group said every stock in the Nasdaq 100 went green on Tuesday. The S&P 500 also posted three straight days of gains over 1.5% from Tuesday to Thursday. History shows that when either of those two freak events happens, the market is usually higher a year later. But with small sample sizes and typical 12-month market gains anyway, nobody should be calling it safe just yet. Retail investors were the only ones consistently buying the dip, based on Bank of America Merrill Lynch’s private-client flow data. Meanwhile, fast-money speculators flooded back after the multi-day rally last week. Jonathan Krinsky from BTIG, who had called for a short-term rally, warned Friday that the market could stall. He said the Goldman Sachs Retail Favorites Basket spiked 11.4% in just four trading days. The last two times that happened, in November 2022 and March 2022, massive plunges followed almost immediately. Tariffs fuel fears of deeper economic pain The recent S&P 500 drop fits a weird pattern where stocks bottom just shy of a 20% loss on a closing basis. The closing low in this pullback slipped a hair past 19%, which happened in 1990, 1998, 2011, and 2018, too. Only 1990 came with a US recession. But now, the odds of a full-blown recession are shooting up fast. Trump’s tariff war has companies slashing hiring plans and investments, bracing for harder times ahead. Trump’s delay on tariff hikes and talk of possible trade deals gave investors hope that the worst might still be avoided. But everyone is watching if soft economic data, like consumer surveys and CEO sentiment, starts leaking into hard facts like jobs and spending numbers. The start of Q1 earnings season brought a typical 70% of companies beating expectations, but CEOs had almost nothing good to say about the future. The tariff cloud hangs over everything. Companies are basically admitting they can’t give real guidance because this one man could yank the tariffs higher at any moment with literally no warning. FactSet reported, “To date, the market is rewarding positive earnings surprises reported by S&P 500 companies for Q1 more than average and punishing negative earnings surprises reported by S&P 500 companies for Q1 less than average.” Research from 3Fourteen shows that after 10% corrections, future earnings projections split depending on whether a recession hits. Before the last few weeks, the forecast looked more like the “no recession” track, but now estimates are slipping, raising more alarm. The liquidation frenzy that hit a few weeks back, mixed with the global “Sell America” wave, made even weak hints at easing tariffs and slightly better economic data enough to yank stocks higher. But closing the rest of the gap from February’s highs won’t be easy. Past panics like Russia’s 1998 default and the 2011 debt-ceiling mess didn’t feel resolved when the market started to bounce either. Cryptopolitan Academy: Coming Soon - A New Way to Earn Passive Income with DeFi in 2025. Learn More

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Solaxy, BTC bull token, and Pepeto gaining momentum as leading 2025 presale tokens

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. BTC Bull Token and Solaxy are gaining traction, but Pepeto may offer even bigger opportunities for investors. BTC Bull Token (BTCBULL) and Solaxy (SOLX) are quickly establishing themselves as standout projects. BTC Bull Token fuses Bitcoin passion with memecoin appeal, rewarding early supporters with Bitcoin airdrops triggered by major price milestones — already pulling in over $5 million. Meanwhile, Solaxy , priced at $0.001704, is setting a new standard as the first Solana Layer 2 solution, aiming to solve congestion issues and scale the network more efficiently, with a solid $31.5 million backing it. Both projects offer exciting opportunities, but Pepeto is preparing to deliver even more impressive value for investors seeking serious upside. You might also like: The next big meme coin? Why Pepeto could be a 100x opportunity Pepeto prepares for launch with major utility, and story power While BTC Bull Token and Solaxy continue building strong momentum, Pepeto is emerging as the real hidden gem of this presale cycle. Currently available at only $0.000000124, Pepeto offers a prime early-stage opportunity ahead of its official exchange listing. Pepeto clearly distinguishes itself from typical memecoins by building far more than just hype — it is creating a complete, functional crypto ecosystem. At its core, Pepeto is focused on solving real blockchain challenges through practical solutions that extend beyond the meme culture appeal. Among the standout developments are the soon-to-launch Pepeto Exchange, offering a streamlined platform for token trading; the zero-fee PepetoSwap, designed to make transactions more efficient and accessible; and a unique cross-chain bridge that aims to revolutionize blockchain interoperability by allowing smooth asset transfers across different networks. This combination of humor, strong community engagement, and serious technical infrastructure gives Pepeto a unique position in the market. As the presale phase moves toward its final stages and buzz continues to grow across crypto communities, Pepeto is quickly establishing itself as one of the most highly anticipated and promising launches on the horizon — blending narrative strength with true, lasting utility for users and investors alike. REMINDER : LISTING APPLICATIONS IN PEPETO EXCHANGE ARE BEING VIEWED BY A DEDICATED TEAM, STARTING FROM TODAY. CHECK OFFIClAL WEBSITE TO FILL THE FORM IN. COMMENT $PEPETO ⬇️ 🔗 : https://t.co/uo5vOks5PH pic.twitter.com/Cjxbz0SFfw — Pepeto (@Pepetocoin) April 24, 2025 How to buy PEPETO Pepeto’s presale closes soon before exchange launch. Investors still have a window to grab PEPETO tokens at the presale price of $0.000000124 through the official site, pepeto.io, with payments accepted in USDT, ETH, BNB, or by credit/debit card. With frequent updates rolling out on exchange listings and the PepetoSwap development moving forward, early participants are set to enjoy exclusive staking rewards and ecosystem benefits. As launch day approaches, Pepeto is fast becoming one of the most anticipated meme coin projects of the year. For more information about Pepeto, visit the website , Telegram and X . Read more: Trump’s comeback fuels crypto hype: Bitcoin surges, Pepeto poised to be the next 100x memecoin Disclosure: This content is provided by a third party. crypto.news does not endorse any product mentioned on this page. Users must do their own research before taking any actions related to the company.

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PEPE Coin’s Promising Path to Recovery Captivates Enthusiasts

PEPE coin shows signs of recovery similar to Dogecoin and Shiba Inu. Analysts predict potential price doubling for PEPE in the near term. Continue Reading: PEPE Coin’s Promising Path to Recovery Captivates Enthusiasts The post PEPE Coin’s Promising Path to Recovery Captivates Enthusiasts appeared first on COINTURK NEWS .

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Bitcoin Perpetual Swaps Signal Short Bias Amid Price Rebound – Details

The Bitcoin market saw another rebound in the past week as prices leaped by over 12% to hit a local peak of $95,600. Amid the ongoing market euphoria, prominent blockchain analytics company Glassnode has shared some important developments in the Bitcoin derivative markets. Related Reading: Bitcoin ‘Apparent Demand’ Makes Sharp Rebound – Will BTC Breakout Soon? Bitcoin Short Bets Rise Despite Price Rally, Setting Stage For Volatility Despite a bullish trading week, derivative traders are approaching the Bitcoin market with skepticism, as evidenced by a build-up of leveraged short positions. In a recent X post on April 25, Glassnode reported that Open Interest (OI) in Bitcoin perpetual swaps climbed to 218,000 BTC, marking a 15.6% increase from early March. In line with market activity, this rise in Open Interest aligns with increased leverage, introducing the potential for market volatility via liquidations or stop-outs. Generally, a rise in Open Interest amidst a price rally is expected to signal long-term market confidence. However, Glassnode’s findings have revealed an opposite scenario. Despite Bitcoin’s bullish strides in the past week, short market positions appear to be dominating the perpetual futures markets. This concerning development is indicated by a decline in the average funding rate, which has now slipped into negative territory to sit around -0.023%. The perpetual funding rate is a periodic payment between long and short traders aimed at keeping the contract price in line with the underlying spot price. A negative funding rate indicates short traders pay long traders as Bitcoin’s perpetual contract price is trading below the spot price. This is caused by a higher number of short positions as traders are largely bearish about Bitcoin, even despite recent gains. Furthermore, the 7-day moving average (7DMA) of long-side funding premiums has dropped to $88,000 per hour, reinforcing this short-dominant sentiment. This downtrend indicates a waning demand for long positions, as traders exhibit a short bias. However, Glassnode presents a bullish note stating that the present combination of rising leverage and short positions paves the way for a potential short squeeze, where an unexpected upward price move forces short-sellers to close their positions, thereby driving prices even higher. Bitcoin Price Overview At the time of writing, Bitcoin trades at $94,629 following a 1.01% retracement from its local peak price on April 25. Despite creeping developments in the perpetual futures market, the BTC market remains highly bullish, indicated by gains of 1.02%, 11.12%, and 8.32% in the last one, seven, and thirty days, respectively. With a market cap of $1.88 trillion, the premier cryptocurrency ranks as the largest digital asset and fifth-largest asset in the world. Related Reading: Ethereum To Hit $5k Before Its 10th Birthday, Justin Sun Says Featured image from Adobe Stock, chart from Tradingview

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Defi Development Corp Plans $1 Billion Offering to Expand Solana Holdings

Defi Development Corp files for $1B in securities to boost Solana holdings and growth. The company plans to use the raised funds for general purposes and to acquire more SOL tokens. Defi Development Corp aims to build a SOL reserve, signaling a shift toward digital assets. Defi Development Corporation, previously known as Janover, has submitted a registration statement to the SEC to offer public securities worth $1 billion. The securities the company intends to offer include common stock, preferred stock, bonds, notes, and warrants. Some of the funds will be used to acquire more SOL tokens as part of the firm’s new treasury management strategy. The filing also includes the resale of more than 1.2 million common shares of stock, originating from a prior $41.95 million convertible note offering. The company has stated that the funds raised will be used for general corporate purposes and the purchase of additional SOL tokens, thereby enhancing the pool of tokens available for staking and growth. It has not been clear when the offering will take place, as it is awaiting approval. (adsbygoogle = window.adsbygoogle || []).push({}); New Treasu… The post Defi Development Corp Plans $1 Billion Offering to Expand Solana Holdings appeared first on Coin Edition .

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