Michael Saylor, co-founder and chairman of Strategy, one of the largest institutional buyers of Bitcoin, has strongly denied allegations that the company sold thousands of BTC. The rumors were fueled further after MSTR shares fell to their lowest levels in a year. The allegations came to light with a note shared by Walter Bloomberg on
BlackRock’s tokenized U.S. Treasury fund (BUIDL), issued by Securitize, will now be accepted as collateral for institutional trading on Binance, the world’s largest crypto exchange by volume, the firms said in a Friday press release. Using BUIDL as off-exchange collateral means traders can post the token with a custody partner, rather than directly on the
A Washington man was convicted in a federal jury trial this week for taking tens of millions of dollars from the company he worked for—and losing nearly all of it in a botched crypto play. Nevin Shetty, 41, was found guilty Thursday on four counts of wire fraud for taking and misusing some $35 million
Ignore the noise, says Strategy (MSTR) Executive Chairman Michael Saylor. With bitcoin BTC$96,318.31 and Strategy’s stock continuing their steep slides, Saylor in a Friday morning CNBC appearance said his company remains committed to its BTC accumulation strategy. “We are buying bitcoin, we’ll report our next buys on Monday morning,” Saylor said, adding that the company
CoinDesk Indices presents its daily market update, highlighting the performance of leaders and laggards in the CoinDesk 20 Index. The CoinDesk 20 is currently trading at 3051.08, down 2.6% (-80.64) since 4 p.m. ET on Thursday. Three of 20 assets are trading higher. Leaders: DOT (+1.2%) and APT (+1.0%). Laggards: AAVE (-7.8%) and UNI (-5.5%).
Bitcoin’s 24-hour-long nosedive continues in full force as the asset just dug a new six-month low of under $96,000 after losing more than ten grand in just three days. Although there are no evident significant reasons behind this market-wide calamity, unlike the April crash that was fueled by tariff uncertainty, a new rumor is circulating
Stablecoins are no longer confined to crypto trading platforms. Tether Holdings SA, the issuer of the world’s most circulated stablecoin USDT, is entering the world of physical goods by reshaping how traders finance global shipments of commodities like oil, wheat, and cotton. A Bloomberg report states that with $1.5 billion already issued in loans, the
Bitcoin price fell Sharply today, sliding from an intraday high of $104,000 to $94,480, wiping out earlier gains and marking a decisive breakdown in price action. Twelve hours ago, the Bitcoin price hit above $100,000 and then consistently bled down from the upper $101,000s to lows of $94,480. Ethereum dropped below $3,100 at times and
Institutional players seem to be buying the dip aggressively, which is the exact opposite of retail sentiment, even though Bitcoin broke below the $100,000 mark and caused a wave of market panic. Some of the biggest trading companies and liquidity providers in the industry — including Coinbase, Cumberland, DRW, Galaxy Digital and Wintermute — have