Category: crypto
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Bitcoin boost fails to elevate Strategy’s stock valuation
Strategy, the largest public holder of Bitcoin, continues to expand its reserves with a recent purchase of 525 BTC for $60.2 million. This brings their total holdings to 638,985 BTC, valued at $73.97 billion. While their market net asset value has fallen to its lowest level since January 2024, Strategy remains a strong player in…
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Bitcoin longs bleed 1% daily as BTC leverage persists, price drifts sideways Research 3 hours ago
Bitcoin long positions are decreasing by 1% each day while leverage on BTC continues. The price of Bitcoin remains stable and is moving sideways. This data was collected from research conducted 3 hours ago.
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ENA holders eye potential yields over 5% as Ethena confirms fee switch thresholds met
Ethena plans to activate the ENA fee switch pending final approval after meeting preset parameters requiring a USDe supply above 6 billion and protocol revenue above 250 million. Distribution details will be shared with ENA holders for confirmation via vote. The switch aims to optimize revenue sharing for ENA holders based on staking percentages.
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ENA holders eye potential yields over 5% as Ethena confirms fee switch thresholds met
Ethena plans to activate the ENA fee switch pending approval by the Risk Committee and tokenholder vote after meeting set parameters. The switch aims to distribute revenue to sENA holders based on staked ENA amounts. The Foundation will provide implementation details and seek confirmation from ENA holders before activation.
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France moves to block crypto firms despite MiCA licensese due to lax standards in some jurisdictions
France is considering challenging the right of some crypto firms operating in other EU countries. The country’s financial regulator is concerned that firms are exploiting differences in regulations to gain market access. France, Italy, and Austria are pushing for centralized EU oversight to ensure consistent rules and protect investors and market stability.
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Dragonfly’s Haseeb proposes holder scores, crowdsales to replace current airdrop model
Dragonfly managing partner Haseeb Qureshi proposed a reputation system to reward users on token distributions through airdrops. He shared a plan to filter airdrop farmers who dump tokens immediately after launches. Qureshi responded to critiques and advocated for meta-incentives based on historical token behavior to promote long-term commitment. He proposed standardized holder scores to track…
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Bitcoin faces $107,000 or $125,000 move as FOMC meeting determines market direction
Bitcoin is trading near the upper edge of its $108,000-$116,000 range ahead of the Federal Reserve meeting. The price is currently at $115,046.29, down by 0.2% in the past 24 hours. On-chain data shows short-term holders realizing profits, creating selling pressure. Market positioning is driven by potential rate cuts and monetary policy signals. Bitcoin’s direction…
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Ethereum positioned to replace Wall Street infrastructure, yet remains undervalued by investors
SharpLink CEO Joseph Chalom and EigenLayer founder Sreeram Kannan believe investors have not fully recognized Ethereum’s potential to replace outdated settlement systems on Wall Street. They highlight Ethereum’s atomic settlement capabilities and programmable nature, positioning it as a universal settlement layer for financial and economic systems. Institutional adoption is increasing, with Ethereum ETFs launched in…
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Japanese TradFi giant Credit Saison launches $50M blockchain fund to bridge US startups with Asia
Credit Saison, Japan’s third-largest credit card company, has launched a new venture fund called Onigiri Capital to support early-stage blockchain firms in the real-world asset sector. The fund has raised $35 million so far and aims to reach $50 million. It focuses on connecting US startups with Asia’s digital asset markets. Despite a slowdown in…
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NAKA shares plunge 54% in a day, reinforcing investor exhaustion toward Bitcoin treasury companies
KindlyMD’s NAKA shares dropped to $1.28, down 54% in 24 hours and over 90% in a month. The healthcare-turned-Bitcoin company faces pressure from equity dilution plans and investor fatigue. Grayscale’s report shows growing exhaustion towards digital asset treasury companies. Despite this, new altcoin treasuries are emerging, diluting existing shareholders.