Bitpush Editor's Daily Selected Web3 News:
[U.S. Senate Votes to Pass the GENIUS Act]
The U.S. Senate passed legislation regulating stablecoins with 68 votes in favor and 30 against, preparing for a final vote.
On Wednesday, the Senate voted to end debate on the "Guiding and Establishing National Innovation for U.S. Stablecoins Act" (GENIUS). Ending debate is a procedural move to clear the way for further discussion. Tim Scott, chairman of the Senate Banking Committee and a co-sponsor of the bill, stated that the bill is a major victory for innovation and national security, highlighting bipartisan cooperation.
The House of Representatives has not yet voted on the bill. Both the Senate and the House must reach a consensus on their respective bills. The two chambers differ in their regulatory approaches to issuers at the state and federal levels, and they also disagree on how to regulate foreign issuers like Tether.
[Data: ETH Non-Fungible Token Traders Increase to Nearly 40,000, a Two-Year High]
According to The Block data, the number of ETH Non-Fungible Token traders has recently surged to nearly 40,000, approaching the level of June 2022. This growth coincides with OpenSea's OS2 platform exiting beta and launching the "Voyages" reward program, which aims to incentivize users and potentially be used for future airdrops, leading to OpenSea's highest monthly active users since 2022.
[BitFuFu Plans to Launch $150 Million ATM Financing]
Bitcoin mining and cloud mining service provider BitFuFu has launched a new At-the-Market (ATM) stock issuance plan, seeking to raise up to $150 million. According to its filing with the SEC, the company signed an ATM sales agreement on June 10 with B Riley Securities, Cantor Fitzgerald, Northland Securities, and Roth Capital Partners.
Under the agreement, BitFuFu can periodically issue and sell Class A common stock through these agencies as needed, with stocks to be sold on Nasdaq or other trading markets.
[GameStop Plans to Issue $1.75 Billion in Stock to Fund Bitcoin Acquisition]
GameStop announced on Wednesday that it will issue $1.75 billion in 0.0% convertible preferred notes to raise funds for potential Bitcoin purchases. The company also plans to grant the initial note purchasers an option to buy additional notes with a principal amount of up to $250 million.
The company stated that it plans to use the net proceeds from this issuance for general corporate purposes, including investments consistent with its latest investment policy and potential acquisitions. As early as March, the company updated its "investment policy" to add Bitcoin as a treasury reserve asset.
GameStop's latest financial report shows a year-on-year sales decline, with first-quarter revenue dropping 17% to $732.4 million, lower than the $881.8 million in the same period last year.
[Cross-chain Company OneBalance Completes $20 Million Series A Funding, Led by Cyber Fund and Blockchain Capital]
Cross-chain infrastructure development company OneBalance raised $20 million in Series A funding, bringing its total funding to date to $25 million. The round was led by Cyber Fund and Blockchain Capital, with participation from Mirana Ventures and L2IV. OneBalance confirmed to The Block that as part of this investment, Blockchain Capital's general partner Spencer Bogart has joined its board.
OneBalance aims to enhance Web3 product user experience through its cross-chain integration product Toolkit. The product allows developers to enable seamless cross-chain transactions for users (such as transferring assets or earning yields) without users monitoring cross-chain bridges or gas fees. The company plans to use the $20 million funding to increase staff and expand Toolkit product functionality.
[Payment Giant Stripe to Acquire Crypto Wallet Company Privy]
Payment giant Stripe has agreed to acquire crypto wallet company Privy. Transaction terms have not been disclosed.
Previously, Stripe acquired Bridge, which was part of its U.S. dollar stablecoin strategy. Before acquiring Privy, Stripe had acquired the stablecoin platform Bridge for $1.1 billion, and three months after the acquisition, Stripe launched a new fund management feature using U.S. dollar stablecoins.
Stripe is one of the world's largest fintech companies, valued at hundreds of billions of dollars. Last year, the company processed over $1 trillion in payments. The fintech company is acquiring more technology to expand its influence in the digital asset space.
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