Kerrisdale Capital Is Short MicroStrategy Stock, Long Bitcoin: ‘Things Have Gotten Carried Away’
Short-selling investment firm Kerrisdale Capital has MicroStrategy Inc (NASDAQ:MSTR) in its crosshairs. The short seller released a bearish report on the stock Thursday and announced a short position as part of a pair trade. What To Know: MicroStrategy serves as…
US and UK investigate Russian cryptocurrency transactions worth $20 billion – Bloomberg
The US and UK have begun scrutinizing cryptocurrency transactions totaling over $20 billion that have passed through a Russian exchange, reports Bloomberg. It is noted that payments were processed through the Moscow-based cryptocurrency exchange Garantex using the Tether cryptocurrency, which…
Bitcoin: Here’s how far along we might be in the bull cycle
BTC ETF flows could impact Bitcoin’s “cyclicality” Popular analyst claimed we’re less than 40% into the bull cycle Traditionally, Bitcoin [BTC] has a strict four-year market cycle that surges during the halving event. Based on this market cycle theory, altcoin season always starts…
Rethinking Retirement: BlackRock CEO Shares Ideas on Fixing It
This content was originally posted on Valuewalk.com The CEO of the largest investment-management firm in the world has some thoughts on fixing what’s broken about the retirement … Read more
BlackRock CEO’s ETF comments boosts Ethereum (ETH) and Algotech (ALGT)
BlackRock CEO Larry Fink believes a spot Ethereum ETF is possible even if SEC designates ETH a security. Markets are upbeat amid this outlook despite current weakness. Meanwhile, investors eyeing new gems have identified new token Algotech (ALGT). BlackRock CEO…
Bankman-Fried sentenced to 25 years in prison
Sam Bankman-Fried has been sentenced to 25 years in prison. FTX imploded in November 2022, with customers losing billions of dollars in assets. Sam Bankman-Fried, the founder and former CEO of collapsed crypto exchange FTX, has been sentenced to 25…
If You Invested $1,000 In Bitcoin When Sam Bankman-Fried Was Arrested, Here’s How Much You’d Have Now
Former FTX CEO and co-founder Sam Bankman-Fried was sentenced to 25 years in prison on Thursday in a highly publicized criminal fraud case. Here’s a look back at the downfall of FTX and Bankman-Fried and how much you could have…
Ethereum whale cashes out 17,000 ETH – Here’s what it means for you
An investor holding a large amount of ether (ETH), a so-called whale, who began trading the Ethereum blockchain’s native token in 2017 moved a large chunk of it to crypto exchange Binance on Wednesday, in a possible precursor to liquidating the…
BlackRock’s Spot Bitcoin ETF Amasses 250,000 BTC As Fidelity’s Crosses $10 Billion AUM
BlackRock’s (NYSE: BLK) IBIT (NASDAQ: IBIT) spot Bitcoin exchange-traded fund crossed 250,000 BTC ($17.7 billion) in assets under management on Wednesday, just 11 weeks after trading began on Jan. 11. BlackRock’s Bitcoin ETF had already accumulated 245,951 BTC as of…
Bitcoin: Analyst predicts more ‘upside’ for BTC despite THIS ‘net neutral’
Grayscale’s GBTC total cumulative outflows hit $14.15 million Coinbase analyst sees GBTC selling linked to Gemini as “net neutral” The new U.S spot Bitcoin [BTC] ETFs recorded net outflows throughout last week. Grayscale’s GBTC led the outflows, totaling $2.1 billion. As Q1…