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MicroStrategy secures upsized convertible debt to boost bitcoin stockpile

BUZZ-MicroStrategy secures upsized convertible debt to boost bitcoin stockpile ** MicroStrategy MSTR.O secures more capital than targeted to amass more bitcoin BTC= ** Software firm early Fri announces pricing of $700 mln 2.25% 8-yr convertible bonds ** Initial conversion price of $2,043.32 represents 35% premium to VWAP (volume-weighted avg price) of MSTR's stock on Thurs of $1,513.46, per the statement ** Offering size increased from $500 mln ** If full over-allotment is exercised, MSTR could
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MicroStrategy up as Bernstein initiates with "outperform", sees stock doubling

BUZZ-MicroStrategy up as Bernstein initiates with "outperform", sees stock doubling ** Shares of MicroStrategy MSTR.O up 1.7% at $1,508.52 premarket after Bernstein starts coverage at "outperform" on co's strong bitcoin BTC= buying strategy ** Brokerage sets PT at Street-high $2,890, per LSEG, implying 95% upside to stock's last close ** Founder and chairman Michael Saylor "has become synonymous with brand Bitcoin and has positioned MSTR as a leading Bitcoin company, attracting at-scale capital
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MicroStrategy drops after convertible notes unveil to buy more bitcoin

BUZZ-MicroStrategy drops after convertible notes unveil to buy more bitcoin ** Shares of software firm MicroStrategy MSTR.O down 5.2% at $1,520.94 on Thurs as it seeks capital to increase bitcoin stash ** Co says offering privately $500 mln 8-yr convertible bonds (CBs) ** MSTR currently holds 214,400 bitcoins BTC= worth about $14.5 bln and is the top publicly listed holder ** Co has current market value of approx $27 bln, per LSEG data ** Separately, MSTR also said it is redeeming $650 mln princ
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Crypto stocks fall as bitcoin hits one-week low

BUZZ-Crypto stocks fall as bitcoin hits one-week low ** Shares of cryptocurrency and blockchain-related companies fall in premarket trade ** Bitcoin BTC= , the world's biggest cryptocurrency, hit one-week low and was last at $67,370, down 3.3% ** Ether ETH= falls 3.9% to $3,527 ** Crypto exchange Coinbase Global COIN.O slips 3.4%, while Blockchain
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Franklin Templeton's spot ether ETF sets annual fees at 0.19%

UPDATE 2-Franklin Templeton's spot ether ETF sets annual fees at 0.19% Adds detail on exchange venue, ticker symbol in last paragraph May 31 (Reuters) - Franklin Templeton's BEN.N exchange-traded fund (ETF) tracking the price of cryptocurrency ether will charge an annualized fee of 0.19% of its net asset value , with a six-month waiver for the first $10 billion it accrues, it said on Friday.
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Franklin Templeton's spot ether ETF sets fees at 0.19%

Franklin Templeton's spot ether ETF sets fees at 0.19% May 31 (Reuters) - The spot ether exchange-traded fund managed by entities affiliated with Franklin Templeton BEN.N said on Friday it would charge an annual fee of 0.19% of the fund's net asset value. Reporting by Niket Nishant in Bengaluru; Editing by Shilpi Majumdar
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Dollar rebounds as yields rise, consumer confidence improves

FOREX-Dollar rebounds as yields rise, consumer confidence improves Updated at 1500 EDT By Karen Brettell May 28 (Reuters) - The dollar gained on Tuesday, giving back earlier losses, as benchmark U.S. Treasury yields hit a four-week high following some weak auctions. The Treasury Department saw soft demand for sales of two-year and five-year notes.
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Cryptoverse: Miners trudge through post-halving world

Cryptoverse: Miners trudge through post-halving world By Medha Singh and Lisa Pauline Mattackal May 28 - With mining rewards halved, mining difficulty elevated and the shiny new bitcoin exchange-traded funds (ETFs) stealing investor capital, it's been a tough year for bitcoin miners. Marathon Digital MARA.O and Riot Platforms RIOT.O , among the biggest U.S.-listed miners, have dropped about 10% and 33% respectively so far this year, even as bitcoin has climbed 60% year-to-date to $67,859, after
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Ethereum set to stress test US crypto deregulation

BREAKINGVIEWS-Ethereum set to stress test US crypto deregulation The author is a Reuters Breakingviews columnist. The opinions expressed are his own. By Pranav Kiran TORONTO, May 22 (Reuters Breakingviews) - Cryptocurrencies are insidiously weaving their way into the fabric of American finance. The latest effort is on Capitol Hill, where lawmakers are ready to support a proposal that would dilute the Securities and Exchange Commission’s power over securities related to digital and decentralize
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Cryptocurrencies gain as investors turn optimistic on ether ETFs

CORRECTED-UPDATE 1-Cryptocurrencies gain as investors turn optimistic on ether ETFs Corrects day in paragraph 2 LONDON, May 21 (Reuters) - Ether was set for its largest two-day gain in nearly two years on Tuesday amid speculation about the outcome of applications for U.S. spot exchange-traded funds that track the world's second-biggest cryptocurrency, while bitcoin also approached a record high.
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Cryptocurrencies gain as investors turn optimistic on ether ETFs

Cryptocurrencies gain as investors turn optimistic on ether ETFs LONDON, May 21 (Reuters) - Ether was set for its largest two-day gain in nearly two years and bitcoin approached a record high on Tuesday on speculation about the outcome of applications for U.S. spot exchange-traded funds that track the world's second-biggest cryptocurrency. Ether, ETH= which underpins the ethereum blockchain network, was 4.4% higher on the day at $3,650, after jumping 13.7% on Tuesday.
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Bitcoin miner TeraWulf falls after Q1 results miss

BUZZ-Bitcoin miner TeraWulf falls after Q1 results miss ** TeraWulf's WULF.O shares down 9.8% at $2.02, about a 1-mth low, on Tues after bitcoin mining firm's qtrly results missed estimates ** Co late Mon reported Q1 loss of ~$9.9 mln, or 3 cents/sh, while LSEG consensus called for profit of $8.7 mln, or 4 cents/sh ** Rev in qtr of $42.4 mln up from $11.5 mln a year ago, though below Street view of $46.3 mln ** Co said it self-mined 1,057 bitcoin during qtr for total self-mined value of $56.8 ml
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Cryptoverse: Retail traders sit out bitcoin rally

Cryptoverse: Retail traders sit out bitcoin rally Our regular analysis of cryptocurrencies By Medha Singh May 14 (Reuters) - What's happened to the army of retail traders who used to drive bitcoin's biggest rallies? U.S. crypto exchange Coinbase COIN.O reported just $56 billion in consumer trading volumes in the first quarter of 2024, when bitcoin leapt to record heights close to $74,000. While that represents a fledgling recovery in retail interest - almost double the level in the final quarter
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Crypto stocks rise as bitcoin prices climb

CORRECTED-BUZZ-Crypto stocks rise as bitcoin prices climb Corrects line 2 to say bitcoin prices rose "2.8%", not 3.9% ** Shares of cryptocurrency and blockchain-related companies rise premarket as bitcoin prices tick higher ** Bitcoin BTC= , the world's most valuable cryptocurrency, up 2.8% trading above $62,000, while Ether ETH= rises 2.5% to $2,9
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Crypto-related stocks climb as bitcoin hits over 1-week high

BUZZ-Crypto-related stocks climb as bitcoin hits over 1-week high ** Shares of cryptocurrency and blockchain-related companies rise in premarket trade as bitcoin BTC= price hits 12-day high ** Bitcoin BTC= , world's biggest cryptocurrency, last up 2.2% after hitting intraday high of $65,554.86, while Ether ETH= also rises 2% to near one-week high o
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Crypto-related stocks sag as bitcoin hits over 2-month low

BUZZ-Crypto-related stocks sag as bitcoin hits over 2-month low ** Cryptocurrency and blockchain-related companies drop premarket as bitcoin slides >5% to lowest since late Feb ** Bitcoin fell almost 16% in Apr , its worst monthly performance since late 2022, as investors dumped cryptocurrencies ahead of Fed's verdict on interest rates due later on Weds ** Bitcoin BTC= , world's biggest cryptocurrency, recently down 4.4% at $57,222, while Ether ETH= down 2.6% at $2,866.60 ** Crypto exchange Coin
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Crypto washout sends bitcoin below $58,000 ahead of Fed decision

UPDATE 2-Crypto washout sends bitcoin below $58,000 ahead of Fed decision Adds comment, crypto-related stocks, graphic; refreshes prices at 0900 GMT By Amanda Cooper LONDON, May 1 (Reuters) - Bitcoin BTC= slid by almost 6% on Wednesday, having posted its worst monthly performance in April since late 2022, as investors pulled money out of cryptocurrencies ahead of an interest rate decision by the Federal Reserve later.
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Bitcoin slides below $58,000, rattled by tougher Fed rate outlook

Bitcoin slides below $58,000, rattled by tougher Fed rate outlook LONDON, May 1 (Reuters) - Bitcoin BTC= fell for a third day on Wednesday, having posted its worst monthly performance in April since late 2022, ahead of an interest rate decision by the Federal Reserve later and key U.S. labour market data. The value of the world's most traded cryptocurrency fell by nearly 16% in April, as investors booked profits on a sizzling rally that has taken the price to record highs above $70,000. Bitcoin
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Crypto stocks drop as bitcoin slides below $61,000

BUZZ-Crypto stocks drop as bitcoin slides below $61,000 ** Cryptocurrency and blockchain-related firms drop premarket as bitcoin slides as much as 3.5% to $60,717.96, lowest since Apr 19 ** Bitcoin BTC= , world's biggest cryptocurrency, recently down 2.8% at $61,181, while Ether ETH= off 5.3% to $3,008.37 ** This as Asia's first spot bitcoin and ether ETFs make lukewarm Hong Kong debut on Tues ** Crypto exchange Coinbase Global COIN.O nearly 2%, and blockchain farm operator Bitfarms BITF.O off 3
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Crypto stocks fall as bitcoin declines

BUZZ-Crypto stocks fall as bitcoin declines ** Shares of cryptocurrency and blockchain-related companies fall as bitcoin sheds $1,775 ** Bitcoin BTC= , the world's biggest cryptocurrency, is currently trading more than 3% lower at $61,999, while ether ETH= falls 0.3% to $3,132.8 ** Crypto exchange Coinbase Global COIN.O falls 4.6%, while blockchain
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