Bitcoin

NFPrompt

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Reasonable Risk or Greed?Michael Saylor&#39;s MicroStrategy is planning to raise $600 million through a convertible debt offering to buy more Bitcoin. However, JPMorgan analysts are <a href="https://markets.businessinsider.com/news/currencies/microstrategy-bitcoin-acquisition-debt-crypto-rally-price-high-downturn-pullback-2024-3" rel="noopener noreferrer nofollow">reportedly concerned</a> that relying on debt for Bitcoin investments could make the market more unstable during downturns. Despite Bitcoin&#39;s recent high of over $73,000, there&#39;s been a dip to around $68,000. The offering involves senior convertible notes priced at $525 million, with an option for an extra $78.5 million. Investors holding these notes can request repurchase under certain conditions and convert them into cash or MicroStrategy stock. The offering closes on March 18.SBF’s Sentencing UpdateUS prosecutors are pushing for Sam Bankman-Fried, the former CEO of FTX, to serve 40 to 50 years in prison for his involvement in &#34;extensive financial fraud&#34;, arguing that his actions caused substantial harm to many people and institutions, comparable to cases like Bernie Madoff&#39;s. The prosecution also seeks a hefty monetary judgment of over $11 billion. On the other hand, Bankman-Fried&#39;s defense and his loved ones prayed the court for a much shorter sentence of between 63-78 months, highlighting his personal side as a son, brother, and friend, as well as his charitable work.John Deaton not backing down on his Senate bidJohn Deaton is feeling optimistic about his chances in the Massachusetts Senate race against Senator Elizabeth Warren, a vocal critic of cryptocurrency. The popular pro-XRP lawyer, sharing his plans with his online community, revealed that he&#39;s already invested $500,000 of his money into the campaign. Despite Warren&#39;s 11-year tenure, Deaton <a href="https://t.co/qgDX3PTWJQ" rel="noopener noreferrer nofollow">believes</a> he has a shot at victory and noted the importance of financial support from his crypto-friendly followers. He&#39;s set a goal of $1 million by March 31, encouraging donations in both traditional currency and cryptocurrency. With the election slated for September 3, Deaton is counting on his supporters to pitch in the remaining $500,000 to bolster his chances.Catch up on our published articles for the week!NEWS<ul><li>NFPrompt Hit by Security Breach, Users and Platform Treasury Suffer Losses &gt;&gt;&gt;<a href="https://defi-planet.com/2024/03/nfprompt-hit-by-security-breach-users-and-platform-treasury-suffer-losses/" rel="noopener noreferrer nofollow"> Learn more. </a></li><li>Hong Kong’s SFC Issues Public Warning About MEXC’s Unlicensed Operations &gt;&gt;&gt;<a href="https://defi-planet.com/2024/03/hong-kongs-sfc-issues-public-warning-about-mexcs-unlicensed-operations/" rel="noopener noreferrer nofollow"> Learn more </a></li><li>Bitcoin Retreats After Record Highs; Altcoins Record Massive Liquidations &gt;&gt;&gt; <a href="https://defi-planet.com/2024/03/bitcoin-retreats-after-record-highs-altcoins-record-massive-liquidations/" rel="noopener noreferrer nofollow">Learn more </a></li><li>BlackRock’s iShares Bitcoin ETF Surpasses 222,000 BTC in Holdings &gt;&gt;&gt; <a href="https://defi-planet.com/2024/03/blackrocks-ishares-bitcoin-etf-surpasses-222000-btc-in-holdings/" rel="noopener noreferrer nofollow">Learn more </a></li><li>Ripple vs. SEC: New Briefing Deadlines Set as Lawsuit Approach Conclusion &gt;&gt;&gt; <a href="https://defi-planet.com/2024/03/ripple-vs-sec-new-briefing-deadlines-set-as-lawsuit-approach-conclusion/" rel="noopener noreferrer nofollow">Learn more </a></li><li>Historic Milestone: U.S. Bitcoin Spot ETFs See $1 Billion Net Inflow in a Single Day &gt;&gt;&gt; <a href="https://defi-planet.com/2024/03/historic-milestone-u-s-bitcoin-spot-etfs-see-1-billion-net-inflow-in-a-single-day/" rel="noopener noreferrer nofollow">Learn more </a></li><li>U.S. SEC Directs First Trust-SkyBridge to Publicly Declare its Bitcoin ETF Application as “Abandoned” &gt;&gt;&gt; <a href="https://defi-planet.com/2024/03/u-s-sec-directs-first-trust-skybridge-to-publicly-declare-its-bitcoin-etf-application-as-abandoned/" rel="noopener noreferrer nofollow">Learn more </a></li><li>Bitcoin Overtakes Silver, Becomes the Eight Largest Asset by Market Capitalization &gt;&gt;&gt; <a href="https://defi-planet.com/2024/03/bitcoin-overtakes-silver-becomes-the-eight-largest-asset-by-market-capitalization/" rel="noopener noreferrer nofollow">Learn more </a></li><li>Stakeholders in Hong Kong Crypto Industry Calls for Expedited Launch of Spot ETFs Amid Global Demand Surge &gt;&gt;&gt; <a href="https://defi-planet.com/2024/03/stakeholders-in-hong-kong-crypto-industry-calls-for-expedited-launch-of-spot-etfs-amid-global-demand-surge/" rel="noopener noreferrer nofollow">Learn more </a></li></ul>ARTICLES<ul><li>Pudgy Penguins: How the NFT Project Became Buzzing Again &gt;&gt;&gt; <a href="https://defi-planet.com/2024/03/pudgy-penguins-how-the-nft-project-became-buzzing-again/" rel="noopener noreferrer nofollow">Learn more </a></li></ul>Spotlight on interesting projectsTezoro<a href="https://tezoro.io/" rel="noopener noreferrer nofollow">Tezoro</a> is a non-custodial service that allows you to reduce the risk of losing your crypto by ~100 times by creating a backup: a smart contract that can withdraw crypto from your wallet and transfer it to a backup address even if you&#39;ve already lost access to your wallet or died.Tezoro is a non-custodial service. It helps you to prepare your backup, and you confirm it via your MetaMask and deploy it directly to the blockchain.Nobody, including Tezoro, can change the amount or replace the backup address. The only thing you allow it to do is initiate the transfer at the moment you need it.For more information, visit <a href="https://tezoro.io/" rel="noopener noreferrer nofollow">https://tezoro.io/</a><img src="https://academy-public.coinmarketcap.com/optimized-uploads/efb210e226764180be14d61c3716e82f.jpeg" />If you want more content like this, visit <a href="https://defi-planet.com/" rel="noopener noreferrer nofollow">DeFi Planet</a> and follow us on <a href="https://twitter.com/PlanetDefi" rel="noopener noreferrer nofollow">Twitter</a>, <a href="https://www.linkedin.com/company/defi-planet/" rel="noopener noreferrer nofollow">LinkedIn</a>, <a href="https://www.facebook.com/DeFi-Planet-129907662611402" rel="noopener noreferrer nofollow">Facebook</a>, <a href="https://www.instagram.com/defi.planet/" rel="noopener noreferrer nofollow">Instagram</a>, <a href="https://medium.com/&#64;defi-planet" rel="noopener noreferrer nofollow">Medium</a>. and <a href="https://coinmarketcap.com/community/profile/DeFiPlanet/" rel="noopener noreferrer nofollow">CoinMarketCap Community</a>.

Weekly Round-Up #93 | Bringing you up to speed with the top stuff!

DeFi Planet

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