Galaxy Digital CEO Mike Novogratz attributes Bitcoin's recent price decline to financial stress at MicroStrategy, the largest public corporate Bitcoin holder. Concerns over MicroStrategy's capital structure, especially its preferred stock (STRC) trading below par and rising dividend obligations, have shaken investor confidence. Additionally, macroeconomic factors like a strong U.S. dollar and hawkish central bank policies have reduced demand for risk assets including Bitcoin. Novogratz highlights a critical support zone around $59,000 to $60,000 for Bitcoin, warning a break below could lead to a drop toward $45,000, though the next move remains uncertain.
Bitcoin is trading near $60,000 after a volatile week marked by Middle East tensions and concerns over Strategy, the largest corporate Bitcoin holder. The cryptocurrency failed to sustain gains above $65,500 and tested support near $58,000, with anal...
Michael Saylor, executive chairman of Strategy (formerly MicroStrategy), teased another Bitcoin purchase on June 28, continuing the company's aggressive accumulation despite $11.7 billion in unrealized losses. Strategy funds these buys through equity...
Adobe reported better-than-expected Q2 fiscal 2026 results with double-digit revenue and annual recurring revenue (ARR) growth, driven by rapid adoption of its AI-first product suite. AI-driven ARR surged over 200% year-over-year, surpassing $500 mil...
TRON has reached a new milestone with 3.93 million daily active addresses, setting an all-time high. This surge indicates growing user engagement on the TRON network, outpacing competitors like Solana and Ethereum in daily activity. The increase high...
Ripple has achieved significant institutional milestones, including a five-second tokenized Treasury settlement with JPMorgan and Mastercard, and expanded stablecoin use across Latin America. However, these deals use RLUSD, Ripple's dollar-pegged sta...
