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Bitcoin does not compete with gold, but rather prediction markets and ultra-short options

Bitcoin BTC$78,358.92 suffering from an identity crisis that has nothing to do with fundamentals and everything to do with shrinking attention spans. While gold rose more than 12% and the S&P 500 ticked higher in the past 30 days, bitcoin slid more than 10% in a market that seemed to have no reason to shock […]

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Michael Saylor hints at another bitcoin buy despite market turmoil

Strategy (MSTR) Executive Chair Michael Saylor indicated that the largest publicly traded holder of bitcoin BTC$78,358.92 bought more of the largest cryptocurrency over the past week. “More Orange,” Saylor wrote in an X post Sunday morning. For months, Saylor has typically previewed Strategy’s bitcoin purchases with a weekend post referencing orange dots, a signal usually

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Why your offshore crypto is no longer safe from the IRS

David Klasing, a California tax attorney, remembers meeting a client whose early cryptocurrency holdings had grown to $700 million in eight years, and after never reporting a dime of it, they were losing sleep over the prospect of being jailed for tax evasion. Klasing says he recommended the client complete a voluntary disclosure, a penalty-reduction

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Strategy (MSTR) lifts STRC dividend as shares fall below par

Michael Saylor, executive chairman of Strategy (MSTR), said the largest publicly traded holder of bitcoin BTC$78,748.36 raised the yield on its preferred stock, Stretch ( STRC ), by 25 basis points to 11.25% for February. Strategy describes Stretch (STRC) as a short-term, high-return savings account. The increase is the sixth since STRC was first traded

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Tom Lee’s BitMine is now down $6 billion on Ethereum (ether) bets

BitMine Immersion’s aggressive ether accumulation has backfired after the recent leg lower in crypto markets, leaving the company with more than $6 billion in paper losses on its ETH holdings. The publicly traded company added over 40,000 ether last week, bringing its total balance to around 4.24 million ETH, according to portfolio tracking data from

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What next bitcoin falls to $78,000 and Saylor’s bets come under pressure

Bitcoin slid sharply on Saturday, falling below $80,000 for the first time since April 2025, as sustained selling pressure and a lack of new capital weighed on crypto markets. The world’s largest cryptocurrency fell as much as 10% to $75,709.88 during New York afternoon trading on Saturday, extending a rally that has now wiped more

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Bitcoin drops out of global top 10 assets by market capitalization, below Elon Musk’s Tesla

Bitcoin’s market capitalization is now about $1.57 trillion, making it the 13th-largest asset by this metric, behind Saudi Aramco and Tesla stock. The move came after the price fell sharply from around $90,000 to $78,500, a loss of more than 11% over the past 7-day period. The latest price drop comes amid geopolitical tensions, a

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