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Michael Saylor's company purchased an additional 2,932 bitcoins for $264 million, bringing its total to 712,647 BTC. Despite this acquisition, the company's stock has fallen significantly, and its market cap is now below the value of its bitcoin assets.
This article analyzes FTX's $5 billion venture investments prior to its collapse, revealing that many holdings appreciated significantly while the bankruptcy estate sold them at fire-sale prices. It also highlights the misleading recovery claims made to creditors, emphasizing their real losses compared to the inflated nominal recovery rates.
BlackRock predicts Ethereum will maintain its dominance in tokenization, holding 66% of the market despite current price struggles. Even with Ethereum trading 40% below its all-time high, major financial firms are investing heavily, including plans for an Ethereum ETF and significant corporate purchases.
This article highlights various cryptocurrency projects offering airdrops, emphasizing the importance of points over tokens. It provides step-by-step guides to help readers earn from confirmed airdrops and navigate the crypto landscape effectively.
Morgan Stanley is expanding access to cryptocurrency investments for all clients, effective October 15, allowing them in various account types, including retirement accounts. Previously limited to high-net-worth clients, this change reflects the bank's ongoing adaptation to the evolving crypto landscape and the U.S. government's shifting stance on digital assets. Advisors will still be restricted to recommending specific bitcoin funds from BlackRock and Fidelity while monitoring client exposure to crypto investments.
Coinbase Global reported a profit of $1.4 billion in the second quarter, a significant increase from $36 million the previous year, largely due to gains from its investment in Circle Internet Group. However, the company's revenue fell short of Wall Street expectations, leading to a 6% drop in its stock during after-hours trading.
BitMine Immersion Technologies has increased its ether holdings by 179,251 tokens, bringing its total to over 2.83 million, making it the largest ether treasury firm. The company's total cash and crypto reserves are now valued at $13.4 billion, as it aims to control 5% of ether's supply while benefiting from the rising crypto market. Chairman Thomas Lee expressed confidence in the future potential of ether, viewing it as a key asset for the firm's treasury.