The cryptocurrency market is preparing for significant changes with two major updates: Tether's large bitcoin purchase and BlockDAG's upcoming launch.
Tether Increases Bitcoin Holdings
Tether has purchased 4,812 BTC worth approximately $458.7 million to support the firm Twenty One Capital, which plans to go public. This purchase places Tether in the third position for corporate bitcoin holdings, following MicroStrategy and MARA Holdings.
BlockDAG's Launch Anticipated on June 13
BlockDAG has completed a presale of $254.5 million, and all eyes are on the upcoming announcement on June 13. On this day, the full list of 20 exchanges that will support BDAG trading will be released. Currently, five exchanges have confirmed their readiness: MEXC, LBank, CoinStore, XT.com, and BitMart.
BlockDAG's Unique Buyer Battles Model
BlockDAG employs a unique Buyer Battles model, with 150 million BDAG available daily. Buyers can compete for shares, maintaining a steady level of engagement. The fixed price of $0.0020 promotes clarity and predictability for participants.
Updates from Tether and BlockDAG point to the continued evolution of the crypto economy. The attention toward BlockDAG's upcoming launch confirms interest in new financing models and market interactions.
