This week on Public Keys, it was revealed that USDC issuer Circle and trading platform eToro are in mandatory quiet periods ahead of potential initial public offerings. Amidst this, Bitcoin miners are reportedly selling a significant amount of Bitcoin. Data from CryptoQuant indicated that miners sold 15,000 BTC recently, a sign that they may be facing financial difficulties as Bitcoin prices continue to fluctuate. Additionally, healthcare tech firm Semler Scientific has secured a loan from Coinbase Credit to settle potential fines with the Department of Justice, planning to raise up to $500 million through a new securities offering to bolster its Bitcoin holdings. This intent to increase Bitcoin reserves is noteworthy, particularly as other mining firms shift away from typical holding strategies, signaling a challenging environment within the Bitcoin mining sector. Furthermore, Coinbase is facing a lawsuit by Oregon state regulators over alleged securities law violations, adding to the ongoing regulatory challenges in the crypto space.

Source 🔗