Bitcoin fell nearly 14% last week after Strategy disclosed selling 32 BTC, sparking concerns that more sales may follow to cover preferred share dividends. Strategy's chairman Michael Saylor blamed the selloff on AI capital rotation, but Arca's CIO Jeff Dorman disputes this, attributing the market drop to fears of forced selling by Strategy. Dorman suggests the market could stabilize if Strategy raises $2-4 billion to cover dividends long-term, but doubts this will happen, predicting continued selling pressure. Despite the selloff, Bitcoin's initial isolated drop shows growing market maturity as other crypto assets held steady before joining the downtrend.
Ireland's Criminal Assets Bureau (CAB) transferred 500 BTC worth $38 million from a decade-old wallet tied to cannabis dealer Clifton Collins. This marks the fourth known recovery from Collins' Bitcoin stash, totaling 2,000 BTC valued at $155 million...
The United States government has filed a civil forfeiture case against approximately 225.36 million USDT, a stablecoin pegged to the U.S. dollar issued by Tether. This legal action names the stablecoins themselves as the defendant property, a method ...
Aptos has integrated Circle's Cross-Chain Transfer Protocol V2 (CCTP V2), enabling USDC transfers to settle in seconds instead of minutes. This upgrade connects Aptos to nine other blockchains and uses a burn-and-mint system to issue native USDC dire...
Uber Technologies maintains a Buy rating amid stock volatility, driven by strong core business and strategic investments. The company is tackling autonomous vehicle risks by investing $10 billion and planning to integrate 120,000 AVs. Uber's global e...
XRP dropped about 5% to $1.38 following Federal Reserve Chair Kevin Warsh's remarks at Jackson Hole, highlighting that 54% of inflation components rose over 3% in the past year. This fueled speculation of a possible rate hike at the September Fed mee...
