Bitcoin has remained under pressure below $78,000 after four straight days of ETF outflows, and a derivatives flush earlier this week which has continued to weigh on market sentiment. According to SoSoValue data, US spot Bitcoin ETFs recorded another $70.5 million in net outflows on May 20, extending a selling streak that has now lasted
Michael Saylor, the co-founder of Strategy, has maintained his stance that Bitcoin will outperform the S&P 500 over time. Saylor reiterated this at his appearance on CNBC’s Squawk Box on Thursday. According to the Bitcoin maxi, the crypto leader will “go up” more than the S&P 500, one of the most watched financial benchmarks in
MicroStrategy Chairman Michael Saylor and CEO Phong Le made some pressing statements regarding current events and Bitcoin. The duo, who made striking statements about the company’s Bitcoin strategy, new digital credit instruments, and macroeconomic developments, argued that the global financial system is on the verge of an irreversible digital transformation. Michael Saylor, stating that traditional
Nasdaq-listed Solmate Infrastructure, a Solana-focused treasury and infrastructure company, has raised about $11.4 million via a registered direct offering of Class B common stock. According to Businesswire, Solmate Infrastructure is issuing a total of 2,298,000 shares of Class B common stock in a registered direct offering priced at $4.97 per share. The company expects to
$REAL Technologies Inc., the parent company of $REAL Finance, has signed its first securities tokenization agreement with Factori AD, an EU-regulated investment broker offering brokerage, OTC execution, custody, and investment advisory services. The agreement represents the first live implementation of $REAL Finance’s infrastructure for regulated securities tokenization and activates an institutional pipeline exceeding $100 million
Bitcoin options open interest on Deribit has reached $31.3 billion, overtaking BlackRock’s IBIT ahead of a $6.25 billion expiry. Deribit’s Bitcoin options open interest climbed to $31.3 billion on May 21, overtaking BlackRock’s IBIT at $27 billion. The reversal comes after IBIT briefly surpassed Deribit in April for the first time since ETF options launched
Billionaire investor Mark Cuban said he has sold most of his bitcoin holdings after losing confidence in the cryptocurrency’s role as a hedge against weakening fiat currencies and geopolitical instability. Cuban, who’s net worth is about $10 billion, said bitcoin’s price behavior during the recent Iran conflict challenged one of the core reasons he owned
Recently Strategy made headlines by saying that it might sell some bitcoin to meet business objectives. This came as a surprise to many people because of what was previously regarded as a hard-lined stance to never sell. Saylor even (jokingly) tweeted stuff like “Sell a kidney if you must, but keep the bitcoin.” The reality
Profit is one factor that helps keep miners, stakers, and developers engaged with a blockchain. When returns are strong, participation often increases. But what happens when rewards shrink or disappear? The promise of easy gains can fade quickly, and a once-busy network can slow down in a short period of time. Imagine the thrill of