Strategy won’t be forced to sell Bitcoin if stock drops, Bitwise CIO says
Strategy has $1.4 billion in cash, no debt due until 2027, and Bitcoin’s price is above the company’s cost basis, making a sale unlikely, argues Matt Hougan.
Category: Stock Market
Cease and Desist Hits Robinhood, Crypto.com, Kalshi in Connecticut
Connecticut moved to block several major platforms after officials said they offered unlicensed sports wagering, signaling escalating scrutiny of online gambling services that allegedly sidestep state rules and expose residents to significant consumer risks. Connecticut Orders Unlicensed Gambling Platforms to Stop Operations Connecticut’s Department of Consumer Protection (DCP) Gaming Division issued on Dec. 3 cease…
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SOL price capped at $140 as altcoin ETF rivals reshape crypto demand
SOL struggles to extend its gains as declining activity, falling leverage demand and competition from newly launched spot altcoin ETFs challenge Solana’s price rebound.
Crypto Is Edging Further Into Mainstream Finance, BlackRock and Coinbase Chiefs Say
BlackRock and Coinbase executives discussed Bitcoin, U.S. legislation, tokenization, and market trends on during a joint interview.
Coinbase Explains Why Bitcoin Price Dumps With Whale Selling Pressure
Bitcoin’s latest drop stems from structural strains, Coinbase Institutional explained, as weakening trend signals, thinning liquidity, whale selling and ETF outflows pressured the market despite normally supportive easing monetary conditions. Market Volatility Rises as Bitcoin Breaks Support With Liquidity Compression Coinbase Institutional, a division of crypto exchange Coinbase (Nasdaq: COIN), explained on social media platform…
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Bitcoin just got completely absorbed by traditional finance and it happened in like nine days.
Between November 24 and December 2nd we saw three massive moves. JPMorgan filed to launch leveraged products tied to BlackRock’s Bitcoin ETF. Nasdaq proposed to quadruple the limits on Bitcoin ETF options from 250,000 to 1 million contracts. Then Vanguard, who always said no to crypto, suddenly reversed course and opened Bitcoin and other crypto…
IREN stock rebounds following $3.6B debt and equity fundraising move
IREN closed trading on Wednesday up nearly 7%, slightly recovering from a major drop on Tuesday after sharing plans for its latest capital raising effort.
21shares Nears XRP ETF Breakpoint With SEC Decision Hanging Tight
Escalating demand for an XRP ETF is sharpening focus on 21shares as it awaits key SEC action that could set the stage for another major entrant in the fast-moving regulated crypto market. XRP ETF Fever Builds With 21shares Teasing SEC Verdict Ahead Growing anticipation around an XRP exchange-traded fund (ETF) has intensified as 21shares US,…
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Robert Kiyosaki Sells Bitcoin Amid Market Crash—Says ‘Practicing What I Teach’
Rich Dad Poor Dad author Robert Kiyosaki has disclosed a multimillion-dollar bitcoin sale that unlocks fresh momentum for his next wave of cash-flow expansion, turning a headline exit into a powerful setup for greater growth. Robert Kiyosaki Sells Bitcoin and Moves BTC Proceeds Into a Bold New Cash-Flow Play Robert Kiyosaki, author of the best-selling…
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BlackRock’s Bitcoin clients aren’t ‘underwriting’ the case for global payments
Bitcoin being widely used for daily payments in the future is just “out-of-the-money-option value upside,” according to BlackRock’s head of digital assets Robbie Mitchnick.