Hut 8 Secures $200M Bitcoin-Backed Credit Facility from FalconX

Nasdaq-listed Bitcoin mining and energy infrastructure company Hut 8 secured a $200 million Bitcoin-backed credit facility from institutional crypto prime brokerage FalconX, replacing its prior credit facility with Coinbase Credit.  The new facility reducwd the company’s fixed interest rate to 7% from 9% under the prior Coinbase credit structure, as part of the company’s focus…

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Will it Trigger a Price Breakout to $2?

XRP (XRP) has recovered from its April lows of $1.26, rising as much as 19% to a three-week high of $1.50 on Sunday. Whale activity, network growth and a strengthening technical setup suggested that the XRP/USD pair was primed for a move higher once resistance at $1.50 is broken.  Key takeaways: XRP whale addresses hit…

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