MicroStrategy CEO Michael Saylor introduced new Bitcoin treasury metrics as the company's stock trades below its modified net asset value, reflecting concerns over its leveraged Bitcoin strategy. The new metrics, including CEBE BPS and Amplification, aim to better measure shareholder value by accounting for debt and leverage effects, but they are not part of official filings. Despite holding about 845,256 BTC valued at $54 billion, the company faces unrealized losses due to Bitcoin's current price below its average purchase cost. The future of MicroStrategy depends heavily on Bitcoin's price movement, with a rally potentially validating its strategy, while stagnation could worsen financial pressures.
Crinetics Pharmaceuticals presented positive Phase 2 trial results for atumelnant, an oral ACTH receptor antagonist, showing it effectively lowers androgen levels and allows reduction of glucocorticoid doses in adults with classic congenital adrenal ...
Charles Hoskinson, founder of Cardano, clarified that the 1,096 Bitcoin linked to Cardano's early ADA crowdsale were used to pay auditors who reviewed the fundraising process in 2016. The audit, requested by then-Cardano Foundation chairman Michael P...
The United States and Iran have reached a historic peace agreement, ending all military operations and easing tensions in the Middle East. This breakthrough, announced by Pakistani Prime Minister Shehbaz Sharif, is set to be formally signed on June 1...
Bitcoin is expected to recover toward $70,000 by July, driven by growing institutional demand and improving market sentiment, according to crypto leaders Anthony Scaramucci and Mike Novogratz. They highlight that current bearish sentiment may signal ...
The Commodity Futures Trading Commission (CFTC) staff has issued a no-action letter regarding digital commodity perpetual futures. This guidance means the CFTC will not take enforcement action against certain digital commodity perpetual futures under...
