๐ #BTC Adam Back: Strategy Selling BTC to Pay Dividends Is Not a Bearish Signal
Blockstream CEO Adam Back stated in a Bloomberg interview that concerns regarding Strategy's sale of 32 BTC to pay preferred stock dividends are exaggerated. He emphasized that this move showcases Strategy's capability to fulfill investor obligations using Bitcoin while decreasing leverage, rather than indicating any weakness in its Bitcoin treasury strategy.
Blockstream CEO Adam Back stated in a Bloomberg interview that concerns regarding Strategy's sale of 32 BTC to pay preferred stock dividends are exaggerated. He emphasized that this move showcases Strategy's capability to fulfill investor obligations using Bitcoin while decreasing leverage, rather than indicating any weakness in its Bitcoin treasury strategy.
๐ #MSUSD MainStreet stated that their assets remain fully backed and the issue is related to the closure of a third-party reserve confirmation panel, not insolvency.
They also announced allocating over $8 million to support liquidity and are seeking alternative reserve proof providers.
They also announced allocating over $8 million to support liquidity and are seeking alternative reserve proof providers.
๐ #MSUSD MainStreet stated that their assets remain fully backed and the issue is related to the closure of a third-party reserve confirmation panel, not insolvency.
They also announced allocating over $8 million to support liquidity and are seeking alternative reserve proof providers.
They also announced allocating over $8 million to support liquidity and are seeking alternative reserve proof providers.
๐บ๐ธ๐ฃ President Trump claims the US has the "best economy ever," citing record job numbers and a strong stock market.
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๐ฎ๐ท๐ฃ According to reports from Saudi media citing the Pakistani Foreign Minister, during the four-party negotiations involving Egypt, Turkey, Saudi Arabia, and Pakistan, the minister stated that Iran will not obstruct the passage of ships through the Strait of Hormuz. Iran will also not charge any fees for this service for the next 60 days.
๐ฐ #ICO A single SpaceX IPO ($75B) raised 8.3 times more than all 10 biggest crypto ICOs in history combined (approximately $9B).
10 vs 10, side by side: capital raised, day-1, +1 year, where they trade today.
10 vs 10, side by side: capital raised, day-1, +1 year, where they trade today.
โ๏ธ #BTC For the first time since 2021, Bitcoinโs annual percentage change in both Difficulty and Hash Rate has turned negative. This indicates weakening mining power compared to one year ago, suggesting a period of Bitcoin miner capitulation where many miners may reduce or shut down operations due to current market conditions. Interestingly, whenever the Hash Rate variation turned negative, it was associated with local price bottoms.
๐ Top 5 News for 24 Hour:
1. MEV bot exploited for $7.5M, funds moved via TornadoCash. โ
๐ 377 | โค๏ธ 5 | ๐ 9
2. James Wynn reopens 12.57 BTC short position with 40x leverage. โ
๐ 284 | โค๏ธ 0 | ๐ 3
3. Bitcoin mining power weakens, may lead to miner capitulation. โ
๐ 213 | โค๏ธ 0 | ๐ 3
4. Suspected insider profits $24.25M from WorldCup betting. โ
๐ 274 | โค๏ธ 0 | ๐ 2
5. Polymarket accused of fake trading wins. โ
๐ 265 | โค๏ธ 0 | ๐ 2
| |
1. MEV bot exploited for $7.5M, funds moved via TornadoCash. โ
๐ 377 | โค๏ธ 5 | ๐ 9
2. James Wynn reopens 12.57 BTC short position with 40x leverage. โ
๐ 284 | โค๏ธ 0 | ๐ 3
3. Bitcoin mining power weakens, may lead to miner capitulation. โ
๐ 213 | โค๏ธ 0 | ๐ 3
4. Suspected insider profits $24.25M from WorldCup betting. โ
๐ 274 | โค๏ธ 0 | ๐ 2
5. Polymarket accused of fake trading wins. โ
๐ 265 | โค๏ธ 0 | ๐ 2
| |
๐ต๏ธโโ๏ธ #HYPE A newly created wallet "0xaea" deposited $6.68M $USDC into HyperLiquid and opened a 20x short position of:
- 430.64 $BTC ($27M)
- 181,245 $SOL ($13M)
- 4,280 $ETH ($7M)
- 430.64 $BTC ($27M)
- 181,245 $SOL ($13M)
- 4,280 $ETH ($7M)
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