Cryptocurrency
Strategy’s $13 billion paper loss dwarfs dogecoin, BlackRock’s BUIDL and hundreds of other tokens
Strategy (MSTR) is sitting on one of the largest unrealized losses in corporate history and it’s bigger than some of crypto’s most prominent projects.The software-turned-bitcoin-treasury company holds roughly 844,000 BTC, acquired at an average price near $75,600, according to...
Cryptocurrency
Tether Flips Ether as USDt Becomes Second Largest Crypto
Tether stablecoin USDt has become the second-largest cryptocurrency by market capitalization as Ether fell to its lowest price of the year on FridayEther’s market capitalization dropped below $185 billion following a 5.2% price crash over 24 hours, sending the...
Cryptocurrency
No Crypto Allowed: Brazil’s Public Prosecutor’s Office Tightens Vigilance on Election Funding
Key TakeawaysThe MPF reaffirmed a crypto donation ban on Monday, shielding Brazil’s election market from fraud.Under a Dec 17, 2019, court ruling, candidates must use Pix or traditional banking to verify 100% of funds.Brazil allows digital crowdfunding from May...
Cryptocurrency
Bitcoin Rebounds Off Yearly Lows But US Stocks Flash Warning Sign
Key takeaways:Surging spot Bitcoin ETF outflows and a put-heavy options expiry point to fading institutional demand.Risk-reward shifts toward tech stocks, leaving crypto traders to seek catalysts beyond macroeconomic tailwinds.Bitcoin (BTC) traded down 9% in three days, hitting its lowest...
Cryptocurrency
Grayscale Says Revenue-Generating Crypto Protocols Look Attractively Valued
Grayscale says several revenue-generating crypto protocols may be trading at attractive valuations as regulatory clarity becomes a bigger market catalyst.TL;DRGrayscale has highlighted revenue-generating crypto protocols as potentially attractively valued.
The list includes DeFi and infrastructure names tied to real usage...
Cryptocurrency
SBI Expands Digital Asset Push With Bitbank Acquisition
Japan’s SBI Holdings has signed agreements to acquire full control of crypto exchange Bitbank through a 46.7 billion Japanese yen ($289 million) transaction, advancing a deal first disclosed in May that would create the country's biggest crypto exchange.On Thursday,...
Cryptocurrency
Forget max pain. Bitcoin is well below the $72,000 magnet ahead of $10 billion options expiry
Bitcoin’s BTC$61,650.42 price drop ahead of Friday's quarterly options settlement has once again cast doubt on the popular “max pain theory."The max pain level for this expiry stands at $72,000, significantly above current spot prices of around $61,700. On...
Cryptocurrency
House Democrats Probe SEC On AI Agent Advisors
A group of Democratic US House lawmakers is questioning the US securities regulator over how it is overseeing investment advice and trading powered by artificial intelligence.In a letter to SEC Chair Paul Atkins dated Tuesday, the lawmakers said that...
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U.S. men beat Bosnia and Herzegovina in round of 32 for second ever World Cup knockout round win
The United States is through to the round of 16 after taking down Bosnia and...