Nasdaq-listed business intelligence firm MicroStrategy has revealed it plans to sell up to $1 billion in stock to buy more bitcoin, shortly after announcing it completed the sale of $500 million in bonds to increase its bitcoin stash.

Goldman Sachs is planning to offer ether options and futures contracts in the coming months, according to its head of digital assets Mathew McDermott.

Hedge fund manager Paul Tudor Jones has revealed he will “go all in on the inflation trades” if the U.S. Federal Reserve remains indifferent to rising consumer prices, which would include a 5% allocation to bitcoin.

Sponsored: While fans around the world finally rejoice at the UEFA Euro 2020 and you can take advantage of 1xBit sportsbook offers to bet on Euro 2020.

Top stories in the Crypto Roundup today:

• MicroStrategy to Sell Up to $1 Billion in Stock to Buy More Bitcoin
• Goldman Sachs to Offer Ether Options and Futures Contracts
• Paul Tudor Jones to ‘Go All In on Inflation Trades With 5% BTC Allocation
• Sponsored: Meet European Football Championship 2020 with 1xBit!

MicroStrategy to Sell Up to $1 Billion in Stock to Buy More Bitcoin

Nasdaq-listed business intelligence firm MicroStrategy has revealed it plans to sell up to $1 billion in stock to buy more bitcoin, shortly after announcing it completed the sale of $500 million in bonds to increase its bitcoin stash.

MicroStrategy has already bought 92,079 BTC now worth over $3.7 billion. The firm has described owning the cryptocurrency in its filings with the U.S. Securities and Exchange Commission as a key part of its strategy.

With its latest capital raises, the company could soon own over $5 billion worth of the flagship cryptocurrency. Its CEO Michael Saylor is a well-known bitcoin supporter and has been on a buying spree after the price of BTC lost more than a third of its value since last month.

Goldman Sachs to Offer Ether Options and Futures Contracts

Goldman Sachs is planning to offer ether options and futures contracts in the coming months, according to its head of digital assets Mathew McDermott.

The Wall Street giant restarted a trading desk to help clients trade bitcoin futures earlier this year, and is now also planning on helping them trade contracts tied to the second-largest cryptocurrency by market capitalization.

McDermott added that the bank is also looking to facilitate trades via exchange-traded notes tracking bitcoin. He was quoted saying:

“We’ve actually seen a lot of interest from clients who are eager to trade as they find these levels as a slightly more palatable entry point. We see it as a cleansing exercise to reduce some of the leverage and the excess in the system, especially from a retail perspective.”

Goldman has also invested in cryptocurrency startups, putting $5 million into a fundraising round by Blockdaemon, a firm that hosts blockchain nodes, and leading the $15 million investment into Coin Metrics.

Paul Tudor Jones to ‘Go All in on Inflation Trades With 5% BTC Allocation

Hedge fund manager Paul Tudor Jones has revealed he will “go all in on the inflation trades” if the U.S. Federal Reserve remains indifferent to rising consumer prices, which would include a 5% allocation to bitcoin.

Federal Reserve Chairman Jerome Powell has characterized the recent acceleration in inflation to the fastest in 13 years as “transitory,” which to Jones may be a “green light to bet heavily on every inflation trade.” Per his words, if the Fed says “we’re on [the] path, things are good,” he would “go all in on the inflation trades,” which would include buying commodities, cryptocurrencies, and gold.

In May, Jones bet 1% to 2% of his assets on bitcoin. His firm, Tudor Investment Corporation, has $44.6 billion of assets under management and recently secured custodial ties with institutional powerhouses Coinbase and Bakkt. Speaking to CNBC, Jones added:

“The only thing that I know for certain is I want to have 5% in gold, 5% in bitcoin, 5% in cash, 5% in commodities,”

Pylon Protocol: Taking A Deep Dive Into The Newest Member of the Terra Ecosystem

Pylon Protocol is a recently launched protocol in the Terra ecosystem that promises to change the game for content creators and their fans.

Pylon, which first made waves on May 15 of this year, is the talk of the Terra ecosystem after it was promoted in the fourth issue of the group’s Project Spotlight. It’s the fifth protocol incubated by the Terra team, according to a tweet from Terra, joining Chai, Mirror, Anchor, and Nebula.

It offers a suite of DeFi savings and payments products designed to build on stable yield-bearing protocols, including Terra’s Anchor protocol. The goal, according to the Pylon team, is to “provide services powered by user deposits” and enable “sustainable exchanges between long-term value providers and their consumers through customizable deposit contracts and yield redirection.”

The main offering of the protocol is known as Pylon for Payments. It’s designed to provide a convenient payments product designed not just for crypto natives, but for the wider digital economy.

According to the Pylon team, there’s no shortage of possible use cases for the protocol. For example, users could make deposits that allow them to watch certain shows or movies without paying for a year-long cable subscription. Or, they could deposit stablecoins as collateral to rent property, eBooks, in-game items, or more.

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