Cryptocurrency Live News & Updates : Sequans Boosts Bitcoin Holdings with New Acquisition
Sequans has purchased 13 bitcoins at an average price of $117,012, bringing its total holdings to approximately 3,171 bitcoins, with a cumulative cost of around $370 million. In recent developments, Sequans has expanded its Bitcoin portfolio by acquiring 13 bitcoins for about $1.5 million, raising its total holdings to approximately 3,171 bitcoins. This acquisition comes amidst a broader bullish sentiment in the cryptocurrency market, particularly with Ethena (ENA) experiencing a significant rally, driven by a golden cross pattern on its daily chart. ENA's price surged over 16% recently, buoyed by the success of its synthetic stablecoin, USDe, which surpassed $10 billion in circulating supply. Meanwhile, S&P Global has assigned a 'B-' credit rating to Sky Protocol, marking a first for a DeFi platform, highlighting concerns over governance and capitalization risks. Bitcoin's recent price movements have also drawn attention, with traders eyeing a potential gap fill between $117,000 and $119,000 in CME futures, as macroeconomic data releases loom. Overall, the cryptocurrency landscape is witnessing dynamic shifts, with major players like Sequans and Ethena capitalizing on market opportunities while navigating the complexities of regulatory scrutiny. Show more
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