MicroStrategy eyes more Bitcoin with potential $2B preferred stock offering
If market conditions are not favorable this quarter, MicroStrategy may choose to not proceed with their perpetual preferred stock offering. This decision could be influenced by various factors, such as economic trends and investor sentiment. The company may opt to wait for more favorable conditions before moving forward with the offering, in order to ensure the success and profitability of the venture. This decision would be made in the best interest of the company and its stakeholders.
Solana is now quantum-resistant, Solana dev claims
The Solana Winternitz Vault offers an additional layer of security for Solana users, providing protection against potential quantum computing threats. However, it is not mandatory for users to utilize this feature, as it is completely optional. Those who wish to take advantage of the Winternitz vaults can choose to store their funds there, ensuring their assets remain safe and secure from any potential quantum attacks.
Aave proposal to peg Ethena’s USDe to USDT sparks community pushback
The Aave community has responded with skepticism to a recent proposal, raising concerns about its effectiveness in mitigating key risks. The proposal, which has been met with pushback, has been called into question for its ability to adequately address the core risks at hand. Additionally, members of the community have expressed doubts about the proposal’s potential impact and effectiveness. This pushback highlights the importance of thoroughly evaluating and addressing potential risks in any proposed solution.
Suspected insider wallets net $20M on Solana’s Focai memecoin launch
A group of at least 15 suspected insider wallets have been identified as the top holders of the FOCAI token, owning over 60.5% of the total supply. These wallets were able to acquire the tokens before the public launch, resulting in an incredible 136,000-fold return on their initial investment.
Bitcoin ETF inflows rebound to 6-week highs as BTC price reclaims $97K
As the first week of Wall Street trading comes to a close, Bitcoin is showing a distinct change in attitude. However, despite this shift, the price of BTC still needs to win over cautious traders. This is evident in the latest market trends, as seen in the image on the right, which shows a graph of Bitcoin’s performance. The cryptocurrency has been on a rollercoaster ride, with its value fluctuating greatly in recent times. While some investors remain skeptical, others are optimistic about the future of Bitcoin and its potential for growth. Only time will tell if BTC can truly win over the hesitant traders and solidify its position in the financial world.
Crypto’s record-breaking year sees spike in kidnappings and ransom schemes
As the cryptocurrency industry continues to grow, traders and investors are facing an increasing number of risks, including ransomware attacks, kidnappings, and extortion. This trend is highlighted by recent incidents of cybercrime, such as the rise in ransomware attacks and the targeting of crypto traders and investors for extortion and kidnapping. These threats serve as a reminder of the importance of staying vigilant and taking necessary precautions to protect oneself and one’s assets in the ever-evolving world of cryptocurrency.
$19 trillion in transactions settled on the Bitcoin network in 2024
With a current market capitalization of approximately $1.9 trillion, Bitcoin has surpassed silver’s market cap of $1.6 trillion in 2024. This milestone further solidifies Bitcoin’s position as the leading cryptocurrency in the market, with its value continuing to rise and outpace traditional assets like silver. As more and more investors turn to Bitcoin as a store of value and a hedge against inflation, its market cap is expected to continue growing and potentially surpass even larger assets in the future.
BTC exchange inflow and miner outflow drop — BTC to reclaim $100K?
On December 17, 2024, the value of Bitcoin reached an unprecedented peak of $108,000. However, in the weeks following this milestone, the cryptocurrency has experienced a significant decrease of over 10%. This fluctuation in price has caused speculation and uncertainty among investors and enthusiasts alike. Despite this recent dip, Bitcoin remains a highly sought-after digital asset with a strong track record of growth and resilience. As the market continues to evolve, it will be interesting to see how Bitcoin’s value will be impacted in the future.
BTC exchange inflow and miner outflow drop — BTC to reclaim $100K?
On December 17, 2024, the value of Bitcoin reached an unprecedented peak of $108,000. However, in the weeks following this milestone, the cryptocurrency has experienced a significant decrease of over 10%. This fluctuation in price has caused speculation and uncertainty among investors and enthusiasts alike. Despite this recent dip, Bitcoin remains a highly sought-after digital asset with a strong track record of growth and resilience. As the market continues to evolve, it will be interesting to see how Bitcoin’s value will be impacted in the future.
Elon Musk announces change to X algorithm, faces backlash
After the announcement of the proposed alteration, freelance reporter James Li inquired of Musk, “What criteria does the algorithm use to identify ‘negativity’?” Additionally, Li’s question was accompanied by a visual representation, as seen in the image on the right, which shows the CEO of Tesla and SpaceX, Elon Musk, responding to the query.