It has come to light that Kerrisdale Capital recently released a report suggesting that MicroStrategy’s shares are currently trading at an unjustifiably high premium. This premium, which represents over two and a half times the spot price of Bitcoin, has raised concerns about the true value of the company’s stock. Kerrisdale Capital argues that for
The Binance Women in Technology Academy, in partnership with the Women in Technology Association (Wtech), recently made a significant shift in its focus in response to the devastating earthquakes that hit Turkey on February 6. The Academy conducted a two-day program on March 26-27 in Hatay’s Antakya district, specifically targeting young female university students in
The recent outflows from the Grayscale Bitcoin ETF sent shockwaves through the market, causing a significant drop in the price of Bitcoin. However, as the new week begins, a change in sentiment is starting to emerge as investors once again show bullish tendencies towards Bitcoin. The outflows from the Grayscale ETF have slowed down significantly,
Recently, the Securities and Futures Commission (SFC) website announced the closure of the Binance-linked HKVAEX exchange. Despite its initial application for an operational license in Hong Kong, the exchange chose to withdraw its application on March 28. This decision came just three months after submitting the application, raising questions about the future of the platform.
Ethereum has been maintaining its position above the $3,500 level, with investors eagerly anticipating a return to $4,000. The surge in open interest, reaching new highs, is seen as a bullish sentiment indicator but also carries a warning of a potential shift in market direction. Open interest serves as a tool to track the total
Recently, Prisma Finance fell victim to a malicious attack where $11.6 million was stolen from the decentralized finance (DeFi) protocol. The hacker behind this act claimed that it was a “whitehat rescue” and expressed a desire to return the funds. This term refers to ethical hackers who identify and remedy security flaws in software code.
Parallel, the groundbreaking sci-fi NFT card game, has recently secured an impressive $35 million in funding from a diverse group of investors. The game, which utilizes the Ethereum blockchain and Base layer-2 chain, made the exciting announcement in a recent post on March 28. Notable entities such as Distributed Global, The Operating Group, VanEck, Solana
Bitcoin (BTC) is showing signs of a potential surge as it recently surpassed the $70,000 mark. Analyst Ali Martinez has identified a bull flag pattern on Bitcoin’s 4-hour chart, indicating a consolidation phase after a significant price increase. The decreasing trading volume during this period suggests a temporary pause rather than a reversal, potentially leading
Coin Bureau’s host, Guy Turner, recently shared his bullish outlook on SOL with his two million YouTube followers. Turner predicts a potential breakout of 35% to 45% above the $300 mark for SOL, citing promising weekly and monthly charts from the beginning of 2024. He describes SOL as “incredibly bullish” on both timeframes, despite facing
Matt Hougan, the Chief Investment Officer of Bitwise, has made some interesting observations regarding the adoption of Bitcoin exchange-traded funds (ETFs). According to him, the influx of investments into Bitcoin ETFs is expected to continue in the coming years as more investors and institutions embrace these products. Variation in Adoption Pace During a recent 20-day