Jiang Zhuoer, CEO of China's BTC.TOP mining pool, stated that Strategy can survive a bitcoin price drop to $30,000 without needing to sell its bitcoin holdings. He argued that speculation about Strategy selling 45,000 BTC to meet obligations is overblown, noting the Fidelity wallet involved also holds assets for ETFs. Strategy's debt is low, about 5% of assets, rising to 10% even if BTC falls to $30,000, allowing it to maintain a net buyer position. Strategy funds dividends by selling older bitcoins but continues buying new ones, supporting its long-term bitcoin accumulation strategy despite market fluctuations.
Ireland's Criminal Assets Bureau (CAB) transferred 500 BTC worth $38 million from a decade-old wallet tied to cannabis dealer Clifton Collins. This marks the fourth known recovery from Collins' Bitcoin stash, totaling 2,000 BTC valued at $155 million...
The United States government has filed a civil forfeiture case against approximately 225.36 million USDT, a stablecoin pegged to the U.S. dollar issued by Tether. This legal action names the stablecoins themselves as the defendant property, a method ...
Aptos has integrated Circle's Cross-Chain Transfer Protocol V2 (CCTP V2), enabling USDC transfers to settle in seconds instead of minutes. This upgrade connects Aptos to nine other blockchains and uses a burn-and-mint system to issue native USDC dire...
Uber Technologies maintains a Buy rating amid stock volatility, driven by strong core business and strategic investments. The company is tackling autonomous vehicle risks by investing $10 billion and planning to integrate 120,000 AVs. Uber's global e...
XRP dropped about 5% to $1.38 following Federal Reserve Chair Kevin Warsh's remarks at Jackson Hole, highlighting that 54% of inflation components rose over 3% in the past year. This fueled speculation of a possible rate hike at the September Fed mee...
