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Produced by Daniel Aharonoff & Mogul Media AI

Coinbase Raises $1 Billion in Convertible Notes

Coinbase's Bold Move: Raising $1 Billion in Convertible Senior Notes In an audacious financial maneuver, Coinbase, the leading digital asset exchange in America, has announced a private offering aimed at raising $1 billion through convertible senior notes. This strategic decision not only underscores the growing confidence in the cryptocurrency market but also showcases the exchange's ambition to further solidify its position within the industry. Coinbase Stock Performance As of the latest trading session, Coinbase's stock, designated as COIN on the Nasdaq, experienced a notable uptick of 3%, bringing the share price to $263.86. Here’s a brief overview of its recent performance: Previous Close : $256 on Tuesday Intraday High : Surged above $268 on Wednesday morning Month-to-Date Growth : Nearly 90% Recent Peak : Reached its highest price since 2021 at $271.65 earlier this week The robust performance of COIN illustrates investors' renewed interest in crypt...
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Produced by Daniel Aharonoff & Mogul Media AI

Dwight Howard's Ballers NFT Collection: A Dive into the NBA Star's Crypto Venture

It's not every day that we see a basketball legend like Dwight Howard venture into the world of NFTs, but this weekend brought a surprising turn of events for the NBA star. Howard, known for his successes on the court, faced a different kind of challenge with the launch of his NFT collection, "Ballers by Dwight Howard," on the Avalanche network. The debut of the 3,000-piece profile picture collection fell short of expectations, with only a fraction of the NFTs being sold. In response to public criticism regarding the collection's art quality and value, Howard swiftly announced a redesign and implemented new strategies to attract more buyers. Despite efforts to revamp the collection and engage the NFT community, the results have been less than stellar, with only 457 Ballers NFTs minted so far, representing a mere 15% of the initial supply. Howard continues to express his commitment to improving and evolving the project, but the road to success in the crypto space proves to be a challenging one for the NBA star.

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