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OpenLoop - New Solana DePIN With $15 Million In Raised Funding!

OpenLoop, a Solana-based DePIN project, has raised $15 million and partnered with top AI firms like Phron AI. It offers decentralized bandwidth-sharing and passive earnings through a Chrome extension, similar to Grass and Nodepay. With its user-friendly interface and innovative features, OpenLoop shows promise but requires thorough user research (DYOR).

MicroStrategy Buys Another 1,070 Bitcoins!

MicroStrategy has purchased an additional 1,070 Bitcoin for $101 million at an average price of $94,004, pushing Bitcoin’s price above $101,000. The company's aggressive Bitcoin acquisition strategy has amassed 447,470 BTC worth $27.97 billion, funded through methods like issuing stock and convertible bonds.

This bold approach garners mixed reactions, with supporters applauding its long-term vision and critics raising concerns about share dilution and volatility. MicroStrategy’s innovative use of perpetual preferred stock aims to attract risk-averse investors while enabling continued Bitcoin accumulation, reflecting its strong belief in cryptocurrency’s future potential.

GSR Secures UK FCA Approval and Expands Regulated Crypto Services

GSR has secured UK FCA approval for its subsidiary, becoming the first crypto liquidity provider with dual recognition from the FCA and MAS. This allows GSR to offer regulated crypto trading services in the UK, strengthening its position as a trusted global player in the digital asset space.

Metaplanet, based in Japan, plans to increase its Bitcoin holdings by 470% this year

Bitcoin has surpassed $100,000, fueled by ETF-driven investment mechanisms that attract institutional and individual investors, increasing transaction volumes and adoption. Tokyo-based Metaplanet exemplifies this trend, holding 1,761.98 BTC worth $179.4 million and planning to expand its Bitcoin reserves by 470% in 2025 to reach 10,000 BTC.

Utilizing capital market strategies like bond sales and rights offerings, the firm aims to solidify its portfolio amidst growing institutional interest in Bitcoin, with predictions suggesting BTC prices could rise to $180,000-$200,000 this year.

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