The Swiss National Bank (SNB) owns about $72 million worth of MicroStrategy shares, giving it indirect exposure to Bitcoin. Although SNB's president has publicly stated Bitcoin is unsuitable as a reserve asset, the bank's stake in MicroStrategy, a company known for its large Bitcoin holdings, acts as a proxy for Bitcoin investment. This position, which has been managed actively and fluctuated over the past year, is a byproduct of SNB's currency intervention strategy rather than a direct bullish bet on Bitcoin. The SNB's indirect exposure avoids direct crypto risks but still participates in Bitcoin's price swings through MicroStrategy's leveraged treasury strategy.
An analyst initiates coverage of Taiwan Semiconductor Manufacturing Company (TSMC) with a strong buy rating and a price target of $577, suggesting a 37% upside from current prices. The positive outlook is driven by TSMC's strategic position to benefi...
Pharaoh Exchange accounted for nearly 75% of Avalanche decentralized exchange (DEX) volume in a recent 30-day period, handling $3.135 billion out of $4.184 billion total. Two linked wallet clusters generated 65% of DEX trading dollars over eight days...
Shares of MARA, a major Bitcoin mining company, fell sharply by 10.12% intraday to $7.48. This decline reflects a significant loss in the company's stock value during the trading session, distinct from the price of Bitcoin itself. The drop indicates ...
Deutsche Bank is set to begin offering custody services for bitcoin, ether, and three e-money tokens to institutional clients within weeks, starting in Germany. This service, pending regulatory approval, targets asset managers, corporations, and stat...
Bitcoin briefly fell below $80,000 before recovering above $82,000 amid inflation data and ETF flows. Ledger tightened reseller rules after discovering hardware implants used to steal recovery phrases, enhancing device security. MSCI introduced new e...
