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View More NewsStrategy (MSTR), the leading corporate holder of bitcoin, has described the launch of its Perpetual Stretch Preferred Stock (STRC) as the firm’s “iPhone moment,” and despite its support in BTC accumulation, risks remain.Before digging into these risks, it’s worth noting that while the focus is on STRC, specifically over its larger liquidity and adoption, they also apply to similar preferred offerings, including another bitcoin treasury company, Strive’s preferred offering, SATA.These instruments are “not well understood through the lens of traditional credit or equity,” and instead require a different analytical framework, said NYDIG’s Global Head of Research Greg Cipolaro in a…
Key takeaways:Bitcoin traders are turning cautious as high oil prices and Middle East tensions fuel inflation and stall US interest rate cuts.The $254 million in spot Bitcoin ETF outflows is too small to confirm a bearish flip, yet options markets show heavy hedging.Bitcoin (BTC) price stagnated near $70,000 during the Friday trading session after failing to reclaim the $75,000 level on Tuesday. The decline marked two days of net outflows from US-listed Bitcoin spot exchange-traded funds (ETFs), reversing the trend from the prior seven days. Traders are now wondering if institutional investors are turning bearish, especially as the US stock…
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Iran has never confined its interference in other countries to the Middle East, nor have its activities been restricted to attacks on Israel. Long before the horrors of 7 October 2023, Argentina had already become a target of the Islamic Republic.On 17 March 1992, a suicide bomber drove a Ford F-100 pickup truck packed with explosives into the Israeli embassy in the Retiro neighbourhood of Buenos Aires. The blast destroyed the embassy building and surrounding structures, including a Catholic church and a school, killing 29 people and injuring more than 200. The victims included both Israeli embassy staff and Argentine…
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An early Ethereum wallet known as thomasg.eth is steadily rebuilding his exposure, according to Arkham Intelligence data.Arkham data shows that, over the past week,…
A long-dormant Bitcoin whale wallet has reactivated after 13 years and seven months of inactivity, shifting 0.00079 BTC ($56), a tiny fraction of a…
After a strong start to the week, Bitcoin (BTC) is down nearly 5%, alongside the S&P 500, DOW, Nasdaq, and Gold. Crude oil, on…
While it isn’t clear whether the trader will offload the $148 million worth of Bitcoin, whales have been partially blamed for causing considerable sell-side…
In brief Bitcoin surged to $74,157 on Monday as the U.S.-Iran conflict heightened geopolitical uncertainty. The exhaustion of selling pressure, conviction from long-term holders,…
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XRP just reclaimed a ranking it hasn’t held in weeks, and the derivatives market suggests traders are positioning for more.The token surged to $1.53…
Texas-based apparel company Beba and crypto lobby group DeFi Education Fund have withdrawn a 2024 lawsuit against the US Securities and Exchange Commission (SEC)…
In brief Strategy notched its largest Bitcoin purchase of the year. The Bitcoin-buying firm meanwhile issued nearly $1.2 billion worth of STRC. Shares jumped…
Strategy (MSTR), the world’s largest publicly traded holder of bitcoin, continued with its large string of weekly purchases, adding $1.57 billion worth of BTC,…
A former Los Angeles County Sheriff’s Department deputy has been sentenced to more than five years in prison for helping Adam Iza, a jailed…
In brief Ethereum treasury firm BitMine Immersion Technologies added another $138 million worth of ETH last week. The firm’s purchase comes as BitMine Chairman…