Bitget Offers SpaceX Exposure Ahead of Planned $1.75 Trillion IPO

Tether, a major stablecoin issuer, has purchased a significant stake in a gold company, Elemental Altus Royalties Corp., for over $89 million. This move aligns with Tether's strategy to invest in both gold and Bitcoin as part of a resilient financial system approach.

GameStop's stock price dropped 22% early Thursday after announcing a $1.75 billion convertible senior notes offering. The company aims to use the proceeds for general corporate purposes, including investments and acquisitions, without specifying Bitcoin. GameStop's communication regarding Bitcoin activities lacks transparency compared to other firms.

The Opportunity Cost browser extension converts prices into Bitcoin and Sats, aiming to promote mass adoption and curb unnecessary purchases. Created by Marty Bent, it allows users to see the value of products in Bitcoin, encouraging a shift in perspective.

Bitcoin and Ethereum experienced a slight decline following the release of Consumer Price Index data, with both assets remaining within ascending channels. Technical indicators suggest normal retracement rather than a trend reversal, with key support zones identified for both cryptocurrencies.

Altcoins like Dogecoin, Solana, Cardano, and others are experiencing losses as traders shift to Bitcoin. Despite this, Bitcoin and Ethereum have only seen mild declines in the past 24 hours. Experts view the selloff as a natural correction rather than a significant shift in sentiment.

The Philippines has introduced a comprehensive digital asset framework, requiring crypto-asset service providers to register as local corporations with a minimum paid-up capital of ₱100 million. These providers must adhere to strict disclosure requirements, maintain physical offices, and segregate customer assets from corporate holdings.

Senators Warren and Blumenthal expressed concerns about Meta's stablecoin plans, warning of threats to competition and financial privacy. They highlighted the potential for Meta to consolidate economic power and control the U.S. money supply through stablecoins integrated into its platforms.

Glenda Maree Rogan, an Australian financial adviser, has been banned for ten years for allegedly stealing $9.6 million from clients to invest in a crypto scam. The Australian Securities and Investments Commission found that Rogan misled clients about the nature and risks of the investment, transferring funds to a crypto-based scam.

A U.S.-based blockchain startup, DIMO, is expanding into Japan through a joint venture with Hakuhodo KEY3 to address the issue of locked vehicle data in the country's advanced automotive market. The platform aims to help automakers, service partners, and developers innovate by providing a decentralized infrastructure network for sharing vehicle data.

In May, Bitdeer minted 196 BTC, up over 18% from April, with a hashrate increase to 13.6 exahash per second. Top miners like CleanSpark, MARA, Riot Platforms, and HIVE also saw increased BTC production in May.