Michael Saylor revealed that Strategy's recent sale of 32 Bitcoin, worth about $2.5 million near $59,000-$60,000, was intended to demonstrate that the company can liquidate BTC holdings without causing a market crash. This move was designed to counter fears that selling Bitcoin would force the company into a 'doom loop' of issuing more stock to pay dividends. Saylor emphasized that Strategy's treasury is flexible enough to support dividends through modest Bitcoin appreciation (around 3.2%) without relying on stock issuance. Bitcoin remains cautiously bullish above $65,000, with resistance near $65,200-$65,300 potentially signaling the next price move. The sale challenges the idea that large institutional Bitcoin holders are trapped and unable to monetize their holdings without destabilizing the market.
Taiwan has enhanced its defense by deploying drone swarms and unmanned boats to increase the difficulty and cost of a potential Chinese invasion. This move supports Taiwan's asymmetric defense strategy focused on area denial, aiming to deter military...
PYTH Network's price has surged with strong bullish sentiment (+4.64) and rising long positions, pushing open interest up 7.8% to $28.5 million. This shows growing trader confidence despite a drop of over 3,000 holders since January. However, a clust...
Pump.fun surged 14.4% to $0.002707, pushing its market cap to $1.07 billion, leading Thursday's crypto gainers. Despite no specific news, its gamified DeFi staking rewards continue to attract attention. Other notable gainers include Canton (+7.7%), B...
A major Ethereum investor sold 7,323 ETH, realizing losses over $19 million after holding and staking the tokens for more than three years. The investor bought Ethereum at an average price of $2,723 but sold at around $1,906 per token, reflecting a n...
Oil prices increased as talks between the US and Iran to reopen the Strait of Hormuz remain stalled. Iranian officials deny direct negotiations are ongoing, while the US claims a deal is near. Iran demands compensation and sets conditions including a...
