Strategy (MSTR), the largest public holder of bitcoin BTC$64,731.25, won’t panic unless BTC sinks to the $8,000-$10,000 range, its CEO has said.Phong Le identified that range as when the company “would have to consider some of the risk associated with our debt,” in an interview with Bloomberg TV on Tuesday.Such a drop would represent a drop of around 85% based on bitcoin’s current price of around $64,500 as of writing. “Until that point in time, we feel very secure about the balance sheet,” Le said. “What we need to do is build a capital structure that can withstand bear markets…

Researchers at Stanford University and Singapore Management University found that Polymarket’s five-minute Bitcoin prediction markets create incentives for traders to manipulate spot prices around settlement, allowing sophisticated participants to profit at the expense of retail traders.The study examined contracts in which traders bet on whether Bitcoin’s price would end above or below a predetermined level after five minutes. Because the contracts settle using Chainlink price feeds based on Bitcoin’s price at the end of each trading window, traders have an incentive to influence the spot market immediately before settlement.Analyzing trading activity before and after Polymarket introduced the contracts in July…

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