Although they’d hate to admit it, even Michael Saylor’s biggest fans would agree that Jim Chanos’ bearish Strategy (MSTR) trade this year has been exceptionally profitable. Chanos sold shares short and fully hedged that short-sale with a long bitcoin (BTC) position. In other words, rather than betting against MSTR’s overvaluation on an absolute basis, he
Bitcoin’s price is on the rise again. It dropped to $108,600 on Tuesday, but it quickly, but briefly, rebounded above $112,000. Selling pressure briefly increased, causing a spike in exchange inflows. Now, those inflows are falling again. Crypto analyst CryptoOnchain sees the dips stopping and believes a further Bitcoin drop is unlikely, citing CryptoQuant data
Bitcoin is back on every trader’s radar after slipping to its lowest level in seven weeks, hovering near the $111K handle. The move caps a sharp pullback from early-August highs and lands right as macro tensions spike over the Federal Reserve’s independence. It’s the perfect cocktail for a high-volatility week: price weakness, political shock, and
America’s ruling class is about to get cut off by the very system they helped build. Arthur Hayes, writing in his latest essay Buffalo Bill, says the rise of artificial intelligence, the decay of U.S. dollar supremacy, and the full deployment of stablecoins will erase the need for debt-ridden college grads chasing prestige jobs. According
Michael Saylor, a co-founder of Strategy and a vocal Bitcoin supporter, has taken to the X social media network to publish a post as he reacted to BTC’s reversal to the $110,000 level after it failed to stay above $112,000. Saylor’s tweet ignited the global crypto community, triggering a discussion. Saylor makes big Bitcoin reminder
Bitcoin price dropped below the $110,000 threshold again today after it made an attempt to climb past $110k. Analysts discovered that the 30-day moving average has fallen to its lowest level. Summary Bitcoin price fell below $110,000 ass its 30-day moving average plummets to the lowest level since 2018. The downward trend may be a
Lumia, the oracle layer of Web3, which also acts as the liquidity layer, has announced a strategic partnership with Alchemy, a top-level blockchain development platform. This partnership aims at upgrading the existing core infrastructure of Lumia by using Alchemy’s Remote Procedure Call (RPC) nodes. This upgrade will greatly enhance the speed and credibility of Lumia
As Bitcoin (BTC) seeks to maintain its price above the $110,000 mark, technical indicators suggest further losses may be looming. Specifically, the threat of an additional downturn is highlighted by a ‘death cross’ on the Moving Average Convergence Divergence (MACD) indicator, according to insights from cryptocurrency analyst Ali Martinez in an X post on August
Thailand just made a big move in digital finance by launching the world’s first tokenized government bonds, called G-Tokens. The Ministry of Finance has backed the initiative, and KuCoin Thailand is the first exchange officially handling listings, subscriptions, and redemptions. The initial issuance is worth 5 billion baht, roughly $150 million, and the bonds are
Oasys Blockchain, a popular tokenized asset gateway, has partnered with Babylon, a prominent Web3 and blockchain infrastructure firm. The partnership aims to redefine the Oasys Blockchain ecosystem into a Bitcoin Supercharged Network (BSN), permitting $BTC stakers to take part within the chain. As the platform revealed in its official social media announcement, this move denotes