MicroStrategy CEO Phong Le stated the company feels secure about its balance sheet as long as Bitcoin's price stays above $8,000-$10,000, a level that would trigger concerns about debt risks. The company is focusing on increasing its U.S. dollar reserves to support recovery of its preferred stock STRC, which funds Bitcoin purchases and has recently fallen below its $100 par value. Despite a 36% drop year-to-date in MicroStrategy's stock price, the CEO emphasized building a capital structure resilient to market fluctuations. The preferred stock's recovery to around $90 is seen as a key factor in maintaining financial flexibility for future Bitcoin acquisitions.
Ethena (ENA) experienced a significant breakout above its $0.14 resistance, reaching $0.1707, driven by strong buying momentum. A $1.5 million whale deposit of 9.776 million ENA tokens into Binance introduced supply pressure, but was counterbalanced ...
Tether CEO Paolo Ardoino highlighted growing reliance on the USDT stablecoin in countries like Venezuela, Argentina, Bolivia, and Turkey due to inflation, currency depreciation, and limited access to physical dollars. These economies use USDT for dom...
Upbit will launch a South Korean won (KRW) trading market for Lighter's LIT token on August 24 at 1:00 pm KST. Initially, buy orders will be restricted for about five minutes and only limit orders will be allowed for the first two hours to prevent di...
US spot Bitcoin ETFs attracted nearly $1.92 billion in net inflows over the week ending August 22, marking their strongest weekly inflow since October 2025. This surge coincided with Bitcoin's price rally of 18% to 25%, testing levels near $80,000. B...
Different major cryptocurrencies use distinct consensus algorithms to validate transactions and secure their blockchains. Bitcoin pioneered Nakamoto Consensus, relying on proof-of-work mining and cumulative computational effort to confirm transaction...
