Bitcoin has continued to rally as market sentiment begins to turn extremely bullish, putting its long-term holders, especially treasury companies like MicroStrategy, back in profit. MicroStrategy, the world’s largest Bitcoin treasury firm, is back in profit as the lingering rally has pushed Bitcoin to surge past its one-month high. MicroStrategy returns to profit zone On
Leading bitcoin treasury company Strategy (MSTR) has filed a proxy that, if approved, would allow for semi-monthly dividends on its STRC “Stretch” series of preferred stock. The move would have no effect on STRC’s annual dividend obligations or dividend rate (currently 11.5%), noted Executive Chairman Michael Saylor. Instead, he said, “[the] proposed changes are intended
Jim Esposito, president of Citadel Securities, has publicly said his firm is considering entering the prediction market space as a liquidity provider. Speaking at the Semafor World Economy Summit, he described a “sound industrial logic” for institutional clients to use these markets and called the firm’s involvement “certainly possible.” For the B2B financial industry, the
Alejandro Grisanti, head of Ecoanalitica, proposed issuing a national USD stablecoin as part of a series of measures to lift currency controls in Venezuela. This system would complement the current auction system, allowing the excluded sector to receive dollars via blockchain rails. Key Takeaways: Ecoanalitica proposes a stablecoin to fix local dollar shortages, driving future
Cardano founder Charles Hoskinson predicts the potential fate of Satoshi’s coins, drawing from his experience in post-quantum cryptography. On the Rollup podcast, Hoskinson laid out his credentials in quantum cryptography. The Cardano founder worked on NIST standards and participated in over 250 research publications. He was also part of the team that wrote the first
Two Tether-related entities, German former crypto miner Northern Data and US-based video streaming service Rumble, are set to begin the merger process, with Rumble offering equity for shares of Northern Data. The merger, which was announced in November of last year, will end with Rumble taking over data center sites and receiving thousands of GPU
Circle’s new $USDC Bridge aims to turn cross‑chain transfers into a near‑invisible backend plumbing layer for on‑chain dollars, replacing fragmented bridges with a single bank‑style ledger experience operated end‑to‑end by Circle itself. Circle turns $USDC into a single ledger across chains Circle has rolled out a native $USDC Bridge that lets users burn $USDC on
In brief Rep. Sheri Biggs (R-SC) disclosed on Friday that she purchased up to $250,000 worth of BlackRock’s spot Bitcoin ETF (IBIT) last month. The U.S. lawmaker “strongly supports crypto,” according to the Stand With Crypto Alliance, a grassroots advocacy group launched by Coinbase. Biggs also bet on Bitcoin last July, disclosing another IBIT purchase
In brief Bitcoin funding rates have remained negative for over a month even as BTC touched $76,000, signaling heavy bearish positioning. A potential uptrend could see Bitcoin revisit $125,000 in 30-60 days, Decrypt was told. Despite bullish catalysts, analysts remain cautious, highlighting $80,000 as a key trigger level; failure risks a double-digit sell-off similar to
Bitcoin ($BTC) price is now eyeing a rally towards $80,000 after breaking above a major multi-week sell wall on April 17. After getting rejected around $76,150 since its capitulation in early February, $BTC price jumped 6.95% in the past seven days and was trading at about $77,380 at press time. As a result, the flagship