Stock market investors may be overlooking an interesting metric at Strategy (MSTR), the largest publicly traded holder of bitcoin BTC$70,780.21: the capital market measure known as amplification. Amplification compares the size of the Michael Saylor-led company’s total debt and debt-like instruments, such as preferred shares, to its stock of 766,970 BTC. As leverage increases, like […]
Why amplification can mean more than bitcoin Read More »
Bitcoin BTC$70,808.98 the market has faced a familiar problem since prices rose above $70,000 last week: a sharp increase in profit-taking. More than $20 million worth of BTC has been sold per hour in profit realization, according to blockchain analytics firm Glassnode. “Any approach to the $70K-$80K band faces thin liquidity and profit pressure, limiting
Bitcoin hit by selling pressure of $20 million per hour above $70,000 Read More »
In the coming week, the US Senate will return from recess, with the Clarity Act on the agenda, while the National Credit Union Administration’s window for comments on stablecoin issuer rules closes. On top of that, April 15 brings the US tax filing deadline, which could put pressure on cryptocurrency holders managing their finances and
Clarity Act Returns to US Senate, Bank Earnings: Crypto Week Ahead Read More »
Crypto hacks are nothing new, but cases where attackers take big risks and walk away with peanuts are not common. The rare scenario unfolded on Sunday. An attacker exploited a vulnerability in Hyperbridge’s cross-chain gateway that connects different blockchains, minted 1 billion Polkadot tokens ($1.19 billion) on Ethereum and dumped them for approximately $237,000 ether.
Attacker Mints $1 Billion Polkadot Tokens on Ethereum, Steals Only $250,000 Read More »
Bankrupt crypto exchange FTX’s sister company Alameda Research “unspent” about $16 million of Solana’s SOL token and moved the same to an address linked to creditor repayments, according to data source Arkham. Unstaking refers to the process of withdrawing crypto assets that were previously locked up in a proof-of-stake (PoS) network to help secure the
Alameda moves $16 million in Solana’s SOL token for possible creditor payments Read More »
Bitcoin Falls to $71,000 as US-Iran Talks Fall through, Hormuz Blockade Threatens
Bitcoin Falls to $71,000 as US-Iran Talks Fall through, Hormuz Blockade Threatens Read More »
Just yesterday, CoinDesk reported that despite lingering war risks, analysts predict bitcoin will rise to $88,000 and higher on the back of several crypto-specific factors, including bullish market currents. But now, about 16 hours later, the price chart says: not so fast. Bitcoins BTC$71,069.25 price has run straight into one of the most crucial technical
Bitcoin hits a wall – the chart has just challenged the $88,000 bull case Read More »
WLFI$0.07898 escalated its dispute with Justin Sun into a potential legal battle late Sunday as tensions over its recent loan to a connected DeFi project spilled into public confrontation. “Does anyone still believe in @justinsuntron?” the project wrote on X. “We have the contracts. We have the evidence. We have the truth. See you in
The strategy’s co-founder, Michael Saylor, signaled an impending bitcoin buy on Sunday, posting “think bigger” along with the company’s BTC acquisition tracker, which has preceded all major purchases since 2020. The company has made 105 bitcoin purchases since it began accumulating in August 2020. Its most recent, on April 6, added 4,871 BTC for $329.8
DeFi protocol ZeroLend’s decision to shut down after three years in February, citing thin margins, hacks and inactive chains, landed with a note that the market now recognizes. Another reminder that the industry’s early optimism has given way to a far more demanding reality. Zeroland is not alone. Several DeFi protocols and adjacent crypto platforms
DeFi’s shakeout is a stress test, not a death sentence Read More »
