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Crypto News Digest by U.Today By U.Today
U.Today – U.Today presents you with the three main news stories of the last day.
Michael Saylor’s Huge MicroStrategy Purchase Announced: Details
Yesterday, June 20th, Michael Saylor took to Platform X to announce a recent massive purchase of MicroStrategy. The company acquired 11,931 BTC worth $786 million, with an average price per coin of $65,883. Currently, the company holds a total of 226,331 BTC, making it the largest Bitcoin holding company. Financing for the purchase was provided by MicroStrategy’s recent debt sale. Previously, the company announced that it had completed its $800 million convertible bond offering. However, the acquisition, despite its huge size, didn’t have much of an effect on the market, as it was mostly priced in after MicroStrategy ramped up its debt sale last week.
the team leader reveals an unexpected SHIB game
In a recent post on According to Kusama, the full game will be licensed exclusively to the decentralized Shiba Inu team for use on Shibarium. Subsequently, the mobile version could be improved by adding easily identifiable decentralized elements. The Shiba Inu leader hopes the game will provide value to the ecosystem’s key tokens, SHIB, LEASH and BONE. Additionally, Kusama confirmed that revenue from in-app game purchases incentivizes SHIB and LEASH burns.
ADA: Good sign for potential bulls, “rocket fuel” may be here: Report
A recent report from Santiment brought good news to the XRP and ADA communities. As stated by the Santiment analytics team, these two popular altcoins are currently experiencing heavy shorting by traders following recent price rebounds. This is actually a good sign for potential bulls, as this short position can serve as “rocket fuel” for continued price increases. As of this writing, XRP and ADA occupy seventh and tenth place in CoinMarketCap’s top 10 cryptocurrencies, changing hands at $0.4838 and $0.3797 respectively, with their market capitalization of 26,886 $.410,927 and $13,552,171,536.