[Sequans Sells 970 Bitcoins to Reduce Debt to $94.5 Million] U.S.-listed semiconductor company Sequans Communications (NYSE:SQNS) sold 970 bitcoins, reducing its total debt from $189 million to $94.5 million and redeeming 50% of its convertible bonds. The company now holds 2,264 bitcoins, with a net asset value of approximately $240 million. The debt-to-net asset value ratio has decreased from 55% to 39%. CEO Georges Karam stated that this transaction was a tactical decision aimed at unlocking shareholder value. The debt reduction is expected to strengthen the company's previously announced ADS buyback program.
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더보기 >Stream Finance stablecoin drops 77%, fund manager loses $93 million
The stablecoin price of Stream Finance plummeted by 77% due to significant losses suffered by the fund manager of the agreement, with a loss amount of up to 93 million US dollars. Previously, Stream Finance received attention for its stablecoins and decentralized financial services, but this incident has caused market panic and severely affected investors' trust in the agreement. The community has raised doubts about fund management issues and may face stricter scrutiny in the future. (Decrypt)
Whale address: 4.21 million USDT purchased 4.6 million ASTER
The smart whale address' ThisWillMakeYouLoveAgain 'has deposited 4.21 million USDT into the Aster platform in the past 14 hours and purchased 4.6 million ASTERs at a unit price of approximately 0.915 USD. The address had previously made a profit of $36.21 million through PEPE transactions. (Lookonchain)
CZ: Giggle is not an official token
Binance CEO Zhao Changpeng (CZ) stated that Giggle memecoin is not an official token. Previously, Binance announced that it would donate 50% of the GIGGLE transaction fee, causing market confusion. (Cointelegraph)
巨鲸向 HyperLiquid 存入 350 万枚 USDC 并开立 20 倍杠杆空头仓位
[Whale Deposits 3.5 Million USDC into HyperLiquid and Opens 20x Leverage Short Positions] On-chain data shows that a whale account deposited 3.5 million USDC into the HyperLiquid platform and opened 20x leverage short positions on Bitcoin (BTC) and Ethereum (ETH). This high-risk operation has drawn market attention and may impact the price fluctuations of the related assets.
Mara Holdings Q3利润达1.23亿美元,创历史新高
[Mara Holdings Q3 Profit Reaches $123 Million, Sets Record High] Bitcoin mining company Mara Holdings announced a third-quarter profit of $123 million, setting a record high, primarily driven by the rise in Bitcoin prices and improved operational efficiency. Quarterly revenue increased by 92% to $252 million, marking a turnaround from losses, with a significant improvement compared to a $125 million loss in the same period last year. Computing power increased by 64% during the quarter, electricity costs decreased, and 2,144 Bitcoins were mined. The company currently holds 53,250 Bitcoins, valued at approximately $5.6 billion at current prices.