Ripple CEO Brad Garlinghouse criticized Michael Saylor’s Strategy for using preferred stock financing to buy Bitcoin, arguing this approach fails to create lasting value. He emphasized that long-term value in crypto should come from real-world utility, not financial engineering. Strategy’s preferred shares have dropped about 25%, reflecting investor doubts amid ongoing scrutiny including a shareholder investigation and insider sales. Despite these concerns, market options do not indicate an imminent crisis for the company.
Bitcoin has recovered to around $64,400 after dropping near $57,000 earlier this summer, reclaiming its 200-week moving average. Analyst Benjamin Cowen warns this rebound doesn't end the bear market yet, predicting the cycle low will come in the four...
Binance co-founder Changpeng Zhao argued that Bitcoin offers protection against inflation, a benefit he says artificial intelligence (AI) investments cannot provide. This comes as Wall Street anticipates AI spending to reach $725 billion this year, d...
Cryptocurrency markets saw a general decline with Bitcoin priced near $64,223, down 0.99%, and Ethereum falling 2.65% to around $1,874. Other major coins like Binance Coin and Solana also dropped slightly. This reflects ongoing market volatility and ...
Ethereum is gaining investor interest, with its price climbing 2.32% to approach $2,000 due to steady capital inflows. The ETH/BTC ratio has broken a 301-day resistance, signaling a rotation of funds from Bitcoin to Ethereum. This momentum is support...
Cryptocurrency markets show a general downward trend with Bitcoin trading around $64,396, down nearly 1%, and Ethereum falling over 2% to about $1,876. Other major coins like Binance Coin and Solana also saw slight declines. Stablecoins remain steady...
