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ChainCatcher news, according to GlobeNewsWire, Bitcoin mining company IREN Limited announced the completion of a $3 billion convertible senior notes issuance with a coupon rate of 1%, maturing in 2033. The issuance includes an initial offering of $2.6 billion and an over-allotment option of $400 million. Net proceeds are approximately $2.96 billion, of which about $201.3 million will be used to pay for capped call transaction costs, and the remainder for general corporate purposes and working capital.

Golden Ten Data reported on May 15 that investors are concerned that if UK Prime Minister Starmer is forced to step down, he may be succeeded by a more left-leaning Labour leader who could increase public borrowing. This would put additional pressure on the UK's already fragile fiscal situation and impact the bond and foreign exchange markets. Henry Cook, Senior European Economist at MUFG Bank, said: "The prospect of a potentially turbulent leadership transition, combined with the still-challenging fiscal environment before the autumn, could dampen market sentiment. We believe that the risks to the UK economic outlook are clearly tilted to the downside."

According to on-chain analyst Ai Yi's monitoring, address 0x082…dca88 went long on 1.38 million HYPE with 5x leverage (worth $63.5 million), opening the position at $38.676. This position nearly lost all profits when HYPE's price dropped to around $38, but now has recovered with an unrealized gain of over $10.2 million.