Author: Admin-aX9d7
Strategy, the corporate bitcoin treasury firm formerly known as Microstrategy, revealed plans for a $21 billion at-the-market (ATM) common stock offering to acquire additional bitcoin ( BTC), even as it reported a first-quarter net loss of $4.2 billion, or $16.49 per diluted share. Strategy Wants More Bitcoin The company’s net loss included a $5.9 billion […]
The U.S. Senate may soon vote on legislation that would establish U.S. regulations for the issuers of stablecoins, also marking the first time the chamber has considered a major crypto bill.Senate Majority Leader John Thune, a South Dakota Republican, started the ball rolling to fast-track the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act, which is the Senate’s version of two similar bills rolling through both chambers of Congress. The House of Representatives is expected to follow closely behind on its own voting. Thune’s move to expedite the bill is meant to limit delays and floor action in…
Sachs explained that the Trump administration’s emphasis on applying tariffs on rival governments would not impact the growth of China and Russia if international trade continues to follow WTO rules. Jeffrey Sachs Labels Tariffs as a Mistake, Disregards Effects in Global Trade The Trump administration’s tariff move and its subsequent effects on global trade continue […]
What may or may not have been a blow-off top last week in the price of gold appears to have benefitted bitcoin (BTC) and that trend could be set to continue.Already among the best-performing global assets in recent months, gold’s rally powered to new heights in the weeks following President Trump’s Liberation Day tariffs in early April.The price ultimately peaked above $3,500 per ounce on April 21, with bitcoin at the time changing hands at $87,000 — roughly flat from Liberation Day, but lower by about 20% from its record high hit in January.Since, though, gold has tumbled nearly 10%…
In brief Canary Capital filed paperwork with the SEC for an ETF that would give investors exposure to Sei. Sei is a layer-1 blockchain with the 85th most valuable cryptocurrency by market cap. The SEC has a growing stack of crypto ETF applications awaiting review. Crypto funds issuer Canary Capital has applied for the first exchange-traded fund based on the performance of SEI, the token of the Sei layer-1 blockchain, according to a filing with the U.S. Securities and Exchange Commission on Thursday.The Canary Staked Sei ETF includes staking, allowing investors to earn extra yield on their investment.“The Trust’s investment…
Disclaimer: The analyst who co-wrote this piece owns shares of Strategy (MSTR).Strategy (MSTR) reported a first-quarter 2025 loss of $16.49 after posting a $5.9 billion writedown on its bitcoin stack thanks to a sizable decline in the price of BTC during the year’s first three months.Led by Executive Chairman Michael Saylor, the company, though, shows no signs of slowing its pace of bitcoin acquisitions. Having used up nearly all of its previous $21 billion common stock offering with its most recent BTC buys last week, the company alongside earnings announced a fresh $21 billion at-the-market offering.Turning to its software business,…
The U.S. Treasury Department proposed cutting off the Cambodia-based Huione Group from the U.S. financial system, citing the cyber-crime help the illicit marketplace gives to North Korean hackers and other criminal groups.The Telegram-based operation has been a “critical node for laundering proceeds of cyber heists” and aiding in so-called “pig butchering” scams that typically use fraudulent romantic ties to tap people for crypto assets, according to the Treasury’s Financial Crimes Enforcement Network (FinCEN) that proposed severing it from the financial system on Thursday.Huione, which offers personal data and money laundering services, has been said to handle as much as $24…
Bitcoin’s volatility curve saw a sharp swing in April. Realized volatility measures the actual day-to-day variability in Bitcoin’s price over a set window instead of the market’s expectations. It is the annualized standard deviation of daily logarithmic returns, so it shows how turbulent trading has been. This lets analysts benchmark option prices against recorded moves, flags regime shifts earlier than price trends, and helps judge whether implied premiums or leverage levels look stretched. Bitcoin’s realized volatility from Jan. 1, 2022, to April 30 (Source: Checkonchain) One-week realized volatility printed 94 % on April 12, the highest reading since Jan. 10,…
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This is a segment from the Blockworks Daily newsletter. To read full editions, subscribe. “It looks a little bit like crypto keeps playing a prank on the stock market, and the stock market keeps falling for it.”— Matt Levine on bitcoin treasury companies Q: Will you let Worldcoin scan your eyeballs? Now that it’s finally available in the US, I will — enthusiastically. That might put me in the minority because Worldcoin has gotten a chilly reception in crypto circles, mostly because its eyeball-scanning orb looks like surveillance tech straight out of Minority Report. But how else are you going to…