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BTC $77,947.47 +1.05%
ETH $2,349.48 -0.20%
BNB $636.11 -0.25%
XRP $1.42 -2.11%
SOL $85.84 -1.87%
TRX $0.3292 -1.15%
DOGE $0.0958 -0.47%
ADA $0.2464 -2.59%
BCH $456.91 +1.01%
LINK $9.18 -3.21%
HYPE $40.85 +1.36%
AAVE $92.18 -1.12%
SUI $0.9360 -2.43%
XLM $0.1761 -1.99%
ZEC $315.76 -0.30%

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HIVE Digital completed a $115 million zero-coupon note financing, Keel sold the Paraguay site to complete its exit from Latin America, and GSR's first multi-asset ETF $BESO was listed on Nasdaq

According to BBX data, yesterday the capital actions of mining companies' AI transformation coincided with the innovation of cryptocurrency ETF products, with the following core dynamics:HIVE Digital Technologies Ltd. (NASDAQ / TSX-V: $HIVE) announced on April 22 the completion of a $115 million private placement of 0% convertible preferred notes (including full exercise of the underwriters' over-allotment option), with the notes maturing in 2031 and estimated net proceeds of approximately $109.5 million; the initial conversion price of the notes is about $2.57 per share, representing a premium of approximately 17.5% over the closing price on April 16, while implementing capped call options to hedge against dilution risk. The funds will be used for GPU procurement and data center construction, and the company has also received conditional approval from the Toronto Stock Exchange, expecting to upgrade from the TSX Venture Exchange to the TSX main board around April 30.Keel Infrastructure Corp. (NASDAQ: $KEEL) (formerly Bitfarms) announced on April 22 the completion of the sale of its 70 MW Paso Pe mining site in Paraguay, with actual proceeds after delivery adjustments of approximately $13 million (the original agreed price was up to $30 million, with the difference reflecting delivery adjustments). CEO Ben Gagnon stated that this marks the company's complete exit from Latin American assets, and the proceeds will be fully redeployed to North American HPC/AI infrastructure pipelines; following the announcement, the company's stock price rose by about 4%.GSR (privately held) officially launched the GSR Crypto Core3 ETF (NASDAQ: $BESO) on Nasdaq on April 22, which is the first multi-asset actively managed cryptocurrency ETF in the U.S. covering Bitcoin, Ethereum, and Solana, with a management fee of 1.00%, rebalancing weekly based on research-driven signals, and executing on-chain staking for yield on portions of its Ethereum and Solana holdings; the investment advisor is Framework Digital Advisors, and the chief market maker is Jane Street Capital.

Circle initiated a proposal on the Aave forum to raise the maximum deposit interest rate for USDC to 48.2%

Circle Chief Economist Gordon Liao initiated a proposal on the Aave governance forum, suggesting an emergency adjustment to the USDC interest rate parameters in the Aave V3 Ethereum main pool to address the situation where the pool's utilization rate has remained at a very high level of 99.87% for four consecutive days following the KelpDAO attack incident.Liao stated that Aave's current interest rate mechanism has failed to effectively "clear" the market. The current supply of the pool is $1.89 billion, with the borrowing amount also at $1.89 billion, and available liquidity is less than $3 million. The borrowing interest rate remains at the upper limit after the inflection point (around 14%), and over the past 24 hours, the pool size has shrunk by about $60 million—this is due to repayment funds being used one by one to meet the withdrawal demands in the queue.Therefore, the Slope 2 parameter in the USDC deposit interest rate curve should be immediately increased from about 10% to 40% through the Risk Steward mechanism, and further confirmation to raise the target to 50% should be achieved through governance voting within 5 to 7 days. Meanwhile, the optimal utilization will be adjusted down from 92% to 87% during the transition phase, and after final confirmation, it will be reduced to 85%. According to Liao's proposal, under the new parameter settings, when the utilization rate reaches 100%, the maximum USDC deposit interest rate will increase from about 12.6% to 48.2%.
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