Large asset managers have quietly trimmed massive positions in Strategy (previously MicroStrategy) this year. According to new disclosures, institutions cut around $5.4 billion in MSTR exposure in Q3. This happened even as Bitcoin traded near the $95,000 level. Names like Vanguard, BlackRock and Fidelity reportedly reduced their stakes. That selling helps explain recent pressure on
Billionaire tech entrepreneur Jack Dorsey has a big vision for Bitcoin. He wants people to use it for daily payments, not just as an investment. For him, Bitcoin should be as easy to spend as cash or a debit card. Moreover, now he is working hard to make this happen. Dorsey’s Vision for Bitcoin Dorsey
A cluster of major US inflation and jobs reports due this week could spike volatility in stocks and crypto, with Fed policy expectations in focus as liquidity drops. Summary US Producer Price Index, jobless claims, and PCE inflation data will be released this week ahead of Thanksgiving. Crypto and traditional markets may experience heightened volatility
In a stunning development that has captured the cryptocurrency world’s attention, Tron founder Justin Sun has executed a massive $150 million Bitcoin transfer from BitGo to his personal address. This significant movement of digital assets raises important questions about market strategy and personal wealth management in the volatile crypto space. What Does This Justin Sun
Bitcoin prices returned to $88,000 twice over the past few hours, but it was rejected there and sharply retreated on both occasions. The asset was hovering around $87,000 at the time of writing and has started to recover from its dump below $82,000 last week as Federal Reserve rate cut odds increase again. Analysts are
BlackRock, one of the world’s largest asset managers, held its first board meeting in Abu Dhabi. This shows that the financial behemoth is increasingly focused on the UAE and the broader Middle East, according to Ripple’s Reece Merrick. The executive has implied that BlackRock’s increased focus in Abu Dhabi could create more avenues for Ripple’s
The United States has added $2.1 trillion in new debt since the Department of Government Efficiency (DOGE) was formed on January 20, according to analysis circulating in the latest Kobessi Letter. The figure translates into a staggering $6.5 billion of debt every single day for 326 consecutive days. The Kobeissi Letter reported the big debt
Pension funds are known for being very careful with money. They focus on safety and long-term growth. But today, many of them face new challenges. Inflation is rising in many countries, and global tensions continue to affect markets. Because of this, several pension funds are now looking at Bitcoin again and asking if it can
Shocking news has emerged from the cryptocurrency world as the Trump family crypto holdings have suffered a devastating blow. Recent reports reveal that approximately $1 billion has evaporated from their digital asset portfolio since early September. This massive loss highlights the extreme volatility that even wealthy investors face in the crypto markets. How Did Trump
The government of the UAE completed the first transaction using digital dirhams, its CBDC, to make a cross-border payment to China. The development, which leveraged the Mbridge platform, opens new horizons for cooperation, said the UAE Vice President Sheikh Mansour. UAE Enters The Digital CBDC Age: Completes Landmark Transaction Using Digital Dirham The Facts The