Key Takeaways Owen Gunden transferred 500 BTC worth about $52 million to Kraken. The move continues Gunden’s pattern of selling activity as an early Bitcoin adopter. Early Bitcoin investor Owen Gunden moved around 3,600 Bitcoin, valued at approximately $372 million, on Friday, according to data tracked by Lookonchain. Of this amount, 500 BTC worth nearly
The stablecoin sector finally hit a speed bump this week, trimming $1.925 billion from its market cap after a long winning streak. Leading the cutback was Ethena’s USDe, which slipped 7.91%. To make matters spicier, two stablecoins also lost their dollar composure, wobbling off their $1 targets like rookies at a balancing act. Stablecoin Watch:
Crypto-focused treasury companies are facing renewed strain as the latest market downturn erodes asset values and erases equity cushions that once appeared durable. In a November 7 post on X, crypto analysis platform CryptoQuant reported that falling token prices have narrowed financial buffers across the sector. That contraction has weakened company valuations, pushing several treasuries
Short-seller James Chanos has closed his short position against Strategy after the firm’s premium over its bitcoin holdings shrank, validating his bearish thesis. James Chanos Takes Profit on Strategy Short After Price Compression James Chanos, founder of Kynikos Associates and one of Wall Street’s most recognizable skeptics, has long criticized Strategy for what he calls
The Director of the Financial Services and the Treasury Bureau, Xu Zhengyu, believes that AI, blockchain and tokenization are the future of Hong Kong’s fintech industry, as the Chinese special administrative region (SAR) celebrates a decade of steady growth in its FinTech ecosystem. The Director of the Financial Services and the Treasury Bureau, Xu Zhengyu,
Michael Burry, the investor (of “The Big Short” fame) who correctly predicted the 2008 housing crisis, disclosed a $1.1 billion short position against Nvidia and Palantir Technologies through put options on Monday, triggering an immediate sell-off across tech markets this week. Palantir dropped as much as 16% on Tuesday before closing down approximately 8%. The
While Bitcoin and Ethereum funds shed assets, Bitwise’s fledgling Solana ETF racked up more than $126 million in net inflows in its first full week of trading, an auspicious sign for the SOL-tracking product and potentially for other altcoin funds. The Bitwise Solana Staking ETF (BSOL) has generated more than $545 million in net inflows