๐Ÿš€ Coinbase takes a page out of Microstrategy's book... ๐Ÿ’ฐ

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    ๐Ÿš€ Coinbase takes a page out of Microstrategy's book... ๐Ÿ’ฐ

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    Coinbase revealed its plan to issue $1.5 billion of senior notes in a private offering after the SEC threatened to sue the company over its lending program last week.

     

    "The capital raise represents an opportunity to bolster our already strong balance sheet with low-cost capital," Coinbase added.

     

    The firm plans to invest the offering in general business goals, including ongoing product development and acquisitions of other assets in the future.

     

    In today's news, EY joins forces with Polygon, MicroStrategy continues buying the dip, and the sabretooth suffers a heavy blow. 

     

    Read on!

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    EY Chooses Polygon

     

    EY announced on Monday that its flagship blockchain services, including EY OpsChain and EY Blockchain Analyzer, will be integrated with Polygon to alleviate Ethereum's (ETH) scalability issues.

     

    EY stated that Polygon (MATIC) would enhance transaction throughput, cost predictability, and settlement period for its clients.

     

    The company also revealed that it is partnering with Polygon to provide permissioned, private optimistic rollup chains.

     

    Cointelegraph

    MicroStrategy's Monthly Routine

     

    MicroStrategy, a business intelligence firm, revealed Monday that it had bought 5,050 additional Bitcoins (BTC) for $243 million, bringing its total bitcoin holdings to 114,042 coins.

     

    According to the firm's SEC filing, MicroStrategy acquired roughly 8,957 bitcoins for approximately $419.9 million in cash in the third quarter, at an average price of roughly $46,875 per bitcoin.

     

    Last week, CEO Michael Saylor revealed that his business avoided a "multi-billion-dollar mistake" by investing in bitcoin rather than gold.

     

    Bitcoin.com

    On The Verge of Extinction

      

    Zabu Finance (ZABU), a DeFi application on the Avalanche blockchain, has been hacked for $3.2 million in crypto tokens.

     

    Zabu Finance publicized the attack by seeking support from Avalanche (AVAX) and Avalanche-based decentralized exchanges, including Pangolin (PNG) and Trader Joe (JOE).

     

    The withdrawal of a large number of tokens eventually reduced the price of Zabu tokens by more than 99% in less than an hour.

     

    Cointelegraph


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