13h ago
Bitdeer shares drop 17% as it announces $300M convertible senior notes due 2032
On Thursday, Bitdeer Technologies Group's stock fell 17.38% to $7.94 after the Bitcoin mining and AI infrastructure firm unveiled a $300 million convertible senior note offering with an additional $45 million purchase option. This is Bitdeer's second such issuance after a $150 million offering in April 2024, and its shares are now down 29% year-to-date and nearly 70% below the January 2025 all-time high of about $26.
13h ago
13h ago
XRP Faces Strong Resistance Near $1.46 As Bearish Momentum Deepens Below $1.40
XRP extended its decline below $1.40 and is now trading under $1.420 and the 100-hourly Simple Moving Average while it consolidates recent losses. The price faces immediate resistance around $1.4320 and $1.450, with a key bearish trend line near $1.4620 capping recovery attempts. If XRP fails to clear this zone, support levels at $1.3980, $1.3850 and $1.3620 could come into play on another move lower.
XRP
XRP+0.75%
13h ago
13h ago
Ripple CEO Garlinghouse Skirts Bank Acquisition Question While Emphasizing Regulated Stablecoin Strategy
On Feb. 18, Ripple CEO Brad Garlinghouse avoided giving a direct answer on whether the company plans to buy a bank, instead reiterating Ripple's focus on serving institutional clients and collaborating with existing financial players. He highlighted the growth of Ripple's RLUSD stablecoin, its New York trust license and conditional OCC charter, and argued that clearer US legislation has already boosted demand for stablecoins and XRP Ledger-based payments.
XRP
XRP+0.75%
13h ago
14h ago
TRM Labs: Illicit stablecoin flows reached $141B and 5‑year peak in 2025
Blockchain analytics firm TRM Labs reported that illicit entities received roughly $141 billion in stablecoins in 2025, the highest level in five years, driven mainly by sanctions-linked networks and large-scale money laundering. Sanctions-related activity made up 86% of all illicit crypto flows, with around $72 billion tied to the Russian ruble-pegged A7A5 token, while overall illicit use represented about 1% of an estimated $12 trillion in annual stablecoin transactions.
14h ago