Strategy, formerly MicroStrategy, sold over $200 million in Bitcoin without causing a price drop; instead, Bitcoin rallied to around $64,000. Bitwise CIO Matt Hougan explains this shows strong buy-side demand and market saturation at current prices, reducing fears of forced liquidation by Strategy. The company is shifting from aggressive Bitcoin accumulation to strategic sales to support dividends and cash needs. Hougan also notes that institutional investors are expected to become the main buyers, lessening Strategy's influence on Bitcoin's price going forward.
A major crypto market deleveraging saw over 118,000 traders liquidated, with $815-$821 million wiped from leveraged positions, mainly longs. Bitcoin fell below $80,000 and Ether approached $2,350, signaling a market correction and reduced confidence ...
BioNTech and Bristol Myers Squibb reported promising Phase 2 results for pumitamig combined with docetaxel in advanced non-small cell lung cancer (NSCLC) patients who progressed after immunotherapy plus chemotherapy. The treatment showed a confirmed ...
US households' inflation expectations for the next year increased to 4.7% in October, the highest since May, while long-term expectations also rose. Consumer sentiment remained nearly unchanged, with mixed shifts in economic conditions and expectatio...
Tether has frozen 2,212,850.3 USDT across nine addresses connected to a security incident involving CoinDCX, following the detection of roughly 15.99 million USDT in unusual transfers. The investigation began after identifying these large suspicious ...
Andreessen Horowitz founder Shaw announced that 90% of the reverse-engineering work on all Pump.fun smart contracts is complete, with the remaining 10% expected to finish by October 25. Shaw emphasized the importance of making all contract code open ...
