Strategy sold about 7,000 Bitcoin near $60,000 to fund preferred dividends, reducing net debt from $7 billion to zero and increasing dollar reserves to $7 billion. The sale was a capital management move, not a market timing decision. After strengthening its balance sheet, Strategy resumed buying Bitcoin near $80,000, viewing accumulation as a long-term plan with potential purchases up to $130,000. The company also opposed MSCI’s proposal to exclude firms with non-operating assets like Bitcoin from stock indexes, arguing for consistent asset treatment.
Shibarium's transaction count jumped 151% from 970 to 2,438 on October 9, but dropped to 1,142 the next day, indicating no sustained recovery. The network operates at just 0.027% capacity, with low fees reflecting minimal demand. This low activity li...
THORChain's native token, RUNE, is now fully unlocked with its supply reduced from 1 billion to 500 million. The network allocates 59% of its revenue from cross-chain swap fees to node operators who secure the network by bonding RUNE. Another 20% of ...
FFAI announced the rescheduling of the Investor Weekly Report by FF Founder and CEO YT Jia to October 14, coinciding with a joint product launch event with FFR. The event will unveil four new AI robotics products including the FF Nova humanoid robot,...
Data from CoinGlass on Oct. 12 shows a notable 14 percentage point drop in XRP coin-margined long positions to 64.28%, while Ethereum's coin-margined longs increased by 6.17 points to 70.50%. Solana also saw a decline in coin-margined longs. USDT-mar...
MAGIC token rose sharply by 38.96% to $0.1359, outperforming other layer-2 scaling and modular blockchain assets during a mostly flat crypto market. Other notable gainers included S (27.81%), W (24.26%), LUMIA (21.44%), PLUME (21.21%), and STRK (20.5...
