📬 Mid-Week News Roundup • Bitcoin hits $107K, now at $101K • Ethereum trades at $3,400 • Strategy buys 487 $BTC for $49.9M • Bitwise Chainlink ETF appears on DTCC • Canary Capital files for $XRP and $MOG spot ETFs • Lighter raises $68M at $1.5B valuation •

4/ With $400 million in convertible notes aimed at infrastructure and debt management, Bitdeer makes a strategic move in a volatile market. Investors and analysts will be watching for how this capital shapes its long-term position.

3/ Raising capital through convertible notes gives Bitdeer flexibility without immediate dilution of shares. Reinvesting in data centers and debt repayment could strengthen its infrastructure and balance sheet, potentially bolstering investor confidence.

2/ The notes will be offered to qualified institutional buyers, with initial purchasers having an option to buy up to $60 million more. Bitdeer expects to use proceeds for data centers, equipment, and settling outstanding convertible notes.

Bitdeer has unveiled plans to raise $400 million through convertible senior notes set to mature in 2031, aiming to fund data center expansion and repay debt. Investor interest will determine the final amount. Here’s what’s at stake.

4/ As long-term holders shift their positions, the ripple effects are immediate. Trading volumes rise, market dynamics change, and short-term participants need to adjust quickly to keep pace with these evolving trends.

3/ This scale of selling may indicate long-term holders are locking in profits or repositioning amid market volatility. Such movements can increase selling pressure, impact prices, and influence short-term investor sentiment across the market.

2/ CryptoQuant reports show that long-term holders unloaded over 1.2 million BTC since early May, with the seven-day selling average peaking at 55,000 BTC per day. Analysts note such selling intensity was last seen in late 2021.

Bitcoin long-term holders have sold more than 1.2 million BTC in the last month, sending sell-offs to the highest level seen in 2024 so far. CryptoQuant data signals that major shifts may be unfolding.

JUST IN: $190,220,000 has been liquidated from the crypto market in the last 1hr.

4/ The latest earnings show that even established miners like Bitfarms face ongoing cost pressures as markets shift. Sustained profitability will depend on how quickly operators adapt to price volatility and operational challenges.

3/ Bitfarms' tighter margins highlight how volatile Bitcoin prices and rising expenses can directly impact miners' profitability. Results like these may influence industry investment, especially if production costs outpace market gains.

2/ Lower Bitcoin prices and increased operational costs weighed on results, with average BTC price per mined coin down 13% year-over-year. Bitfarms mined 1,582 BTC in Q3, but faced higher production costs compared to last year.

Bitfarms reported Q3 revenue of $35.1 million, missing analyst expectations by 16.7 percent, and posted a net loss of $18.7 million. Investors looking for signs of strength found more concern instead. What drove the gap?

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4/ Market watchers will be looking to see if more central banks take similar first steps. With regulation shifting and institutional adoption under scrutiny, every move from a major player now changes the conversation.

3/ This move could signal to other institutions that exploratory crypto investments are becoming more acceptable within traditional finance. It provides a real-world case study for regulatory discussions and future approaches to digital assets.

2/ The Czech National Bank confirmed the purchase, stating the $1 million allocation is strictly experimental. Officials said this move is to “deepen expertise,” not to position the asset as a strategic reserve just yet.

For the first time, a central bank is putting Bitcoin on its books. The Czech National Bank has bought $1 million worth to create a test portfolio, signaling a new approach to digital assets in traditional finance.

These are the Top 10 richest in crypto 2025: 1. Satoshi Nakamoto ~$115B 2. CZ ~$62.9B 3. Giancarlo Devasini ~$22.4B 4. Pavel Durov ~$17B 5. Brian Armstrong ~$12.8B 6. Michael Saylor ~$10.1B 7. Justin Sun ~$8.5B 8. Chris Larsen ~$7.5B 9. Jed McCaleb ~$2.9B 10. Vitalik Buterin