Strategy, formerly MicroStrategy, misrepresented its business to investors when measuring itself against S&P 500 firms last month, according to Damped Spring Advisors CEO and CIO Andy Constan. It is “100% fraudulent” that the Bitcoin-buying firm compared its price-to-earnings ratio to the likes of Apple and NVIDIA on a slide during its second-quarter earnings presentation, the
Story Highlights More than $1 billion was liquidated from the crypto leveraged market today following hotter-than-expected producer cost data. Bitcoin price is likely to rebound to a new ATH after filling the CME gap at around $117.5k. Kalshi traders have made a bet on a Fed rate cut in September despite the hotter-than-expected PPI data.
OKX Ventures has released its newest report on its crypto investment, which details the movement of capital involving big caps and newbies in the crypto space. According to the report conducted by $ENA, the company led in the number of weekly investments with an investment volume of 5.54 million, with a 19.4% price rise, and
This is a segment from the Forward Guidance newsletter. To read full editions, subscribe. It’s amazing how quickly things can change in one week. It feels like only yesterday that the Fed appeared unlikely to cut rates at all in September. Now, we’re beginning to price in the chance of not just a 25 basis
Hong Kong’s top financial regulators have warned investors to exercise restraint amid a flurry of speculation surrounding stablecoin licensing and the expansion of cryptocurrency exchange-traded funds (ETFs) in the city. In a joint statement on Thursday, the Hong Kong Monetary Authority (HKMA) and the Securities and Futures Commission (SFC) said they had observed “abrupt market
The world of finance is constantly evolving, and a significant shift is now underway in the United Arab Emirates’ property market. Get ready for a truly groundbreaking development: DWF Labs, a prominent global Web3 venture capital and market-making firm, has announced its intention to facilitate the first-ever crypto-backed mortgage in the region. This exciting news,
Bitcoin and other cryptocurrencies slipped on Thursday after rising producer prices blunted rate-cut hopes, and U.S. Treasury Secretary Scott Bessent said the government wouldn’t start cutting checks to flesh out its strategic Bitcoin reserve. Bitcoin changed hands around $118,000 on Thursday, a 2.9% decrease over the past day, according to crypto data provider CoinGecko. Ethereum
Citigroup plans to offer custody and settlement services for stablecoins and crypto ETFs, according to a senior executive who spoke to Reuters. While the bank primarily focuses on custody of high-quality assets backing stablecoins, it is also exploring custody of digital assets backing cryptocurrency-based investment products such as Bitcoin spot ETFs. Citigroup also aims to
Charles Schwab, Fidelity and other traditional companies based in the United States are hiring for senior crypto positions to seemingly make a push into the industry. The open positions come as regulatory clarity has increased, paving the way for TradFi to enter the space. The open positions indicate a solid push into the crypto space.