Legendary trader Peter Brandt reacted to MicroStrategy's new legal framework allowing a potential $1.25 billion Bitcoin sale, warning this could be just the start of a larger cascade of Bitcoin liquidations. The company, led by Michael Saylor, faces heavy unrealized losses of $14.3 billion due to Bitcoin's price drop and is under significant debt pressure, with debt servicing costs rising sharply. Brandt suggests if MicroStrategy uses the sale to cover urgent debts, further rounds of selling could follow, especially if Bitcoin prices remain low, potentially triggering a broader market downturn amid weak liquidity conditions. This development marks a shift from Saylor's previous stance of never selling Bitcoin, raising concerns among investors about the stability of Bitcoin holdings linked to MicroStrategy.
Borders & Southern Petroleum is progressing discussions with multiple parties to farm out its Darwin oil discovery in the Falkland Islands, amid growing investor interest driven by accelerated development of the Sea Lion oil project. The company owns...
Solana (SOL) has surged more than 24% in the past week and 43% over the last month, reclaiming the $100 price level. Institutional and whale investors, including DeFi Development Corp (DFDV), which added 19,000 SOL to its 2.3 million token holdings, ...
Dunkin' and BARK opened their first official dog drive-thru in Quincy, Massachusetts, on National Dog Day, offering dog treats, limited-edition bandanas, and plush toys inspired by Dunkin's menu. The event supports the Dunkin' Joy in Childhood Founda...
US-listed XRP ETFs attracted $28.14 million on August 26, marking the second-largest daily inflow in 2026, led by Bitwise with $13.12 million. Whale wallets accumulated about 460 million XRP tokens, the strongest since February, signaling strong inst...
At Bitcoin Asia 2026 in Hong Kong, former Binance CEO Changpeng Zhao predicted Bitcoin will overtake gold's significance during the next bull market cycle. While gold's market cap is about $32.4 trillion, Bitcoin currently holds $1.6 trillion, with Z...
