Strategy, the largest corporate Bitcoin holder, has paused Bitcoin purchases for five consecutive weeks. Instead of buying more Bitcoin, it sold $544.5 million worth of its stock last week, increasing its cash reserve to $3.75 billion. The company's Bitcoin holdings remain steady at 843,775 BTC, purchased at an average price of $75,476. This move reflects a shift toward strengthening its balance sheet amid Bitcoin trading below its average purchase price, as funding challenges have impacted its preferred stock value. Strategy will report its Q2 earnings soon, signaling cautious financial management over further Bitcoin accumulation.
Ripple has introduced a four-phase strategy to secure the XRP Ledger against quantum computing risks, aiming for full quantum resistance by 2028. This move follows Google's research showing that 500,000 qubits could break current blockchain cryptogra...
Ethereum's price fell 3.6% to around $2,420 following a strong rally in August, driven by profit-taking as prices surpassed the average acquisition cost of $2,306. Despite the dip, U.S. spot Ethereum ETFs attracted $234.51 million in inflows on Augus...
G Mining Ventures Corp. is rated a long-term value Buy due to its strong operational cash flow from the Tocantinzinho mine and credible expansion plans, including the Oko Gold project which is 28% complete and fully permitted. Oko Gold is expected to...
Hyperliquid leads the perpetual DEX market with a notional volume of $249.2 billion, more than double its closest competitor. Nasdaq-listed Hyperliquid Strategies has heavily invested in HYPE tokens, holding $1.9 billion worth and staking many for yi...
Bitcoin fell sharply to $78,442 following Federal Reserve Chair Kevin Warsh's cautious comments at the Jackson Hole Economic Symposium, where he downplayed recent inflation improvements and signaled a likely September rate hike. This hawkish tone inc...
