News list for " Tres"
10X Research said in a post on the X platform that it has been emphasizing that MicroStrategy is overvalued in recent weeks. Investors have a significant premium for indirect bitcoin exposure, rather than as a true leveraged investment in bitcoin. The stock's underperformance, despite the large number of bitcoin acquisitions, suggests that investors are no longer willing to buy bitcoin at an implied price of $200,000 (or more) through MicroStrategy, and can directly buy it.
On December 24th, according to CNBC, a person familiar with the matter said that several large banks are planning to sue the Federal Reserve over the annual bank stress testing. The person said that the lawsuit is expected to be filed this week, possibly as early as Tuesday morning local time. The Fed's stress testing is an annual routine that requires banks to reserve sufficient buffers for non-performing loans and stipulates the size of stock repurchases and dividends. After the market closed ...
Anthony Scaramucci, founder of SkyBridge Capital, stressed in an interview that bitcoin needs to be held for four years, despite the recent decline from about $103,900. He pointed out that the largest pullback in bitcoin history was 82%, but the average positive return in four years. He also said that bitcoin is moving towards mainstream institutional investment, predicting that if its market value approaches gold levels, the price could rise tenfold. Scaramucci and MicroStrategy founder Michael...
Federal Reserve Chairperson Jerome Powell once again stressed that the economy is performing well and inflation continues to progress, so there is room for continued caution in cutting interest rates.
According to CryptoSlate, the mayor of Rockdale, Texas, USA, Ward Roddam, has emphasized the critical role of Bitcoin in revitalizing the city's economy. In an op-ed on October 7, Roddam explained that the world is approaching a new economic era, which he called the "digital energy boom", powered largely by Bitcoin. He noted that rural communities, including Rockdale, have already benefited from it.
Alexander Deschatres, head of sponsor responsibility for Asia at Standard Chartered, said stablecoins could mitigate the negative impact of the Federal Reserve's rate cuts on Treasuries and money market tokens. "The $170 billion stablecoin supply is equivalent to a sum of money that can be converted into money market tokens and treasury security tokens, potentially providing a buffer against the negative impact of the Federal Reserve rate cut," said Alexander DeShatres. He believes that accordin...
Powell issued the strongest signal for a rate cut in September, but stressed that the timing and pace would depend on the latest data, the changing outlook, and the balance of risks. Click to view the full text of his speech > >
Powell issued the strongest signal for a rate cut in September, but stressed that the timing and pace would depend on the latest data, the changing outlook, and the balance of risks. Click to view the full text of his speech > >
Epic Games, the maker of Fortnite, said on Friday that it would launch an alternative app store for iPhone users in Europe. Spotify this week began directing European users on its iOS music streaming app to the company's website to sign up for a subscription, which was previously not allowed. In addition, Apple also said on Wednesday that it plans to allow developers in the United States and several other countries to offer secure contactless payments through their apps on iPhone. Apple has prev...
IG Markets analyst Tony Sycamore emphasized in an interview that this week's sharp decline is a reminder that cryptocurrencies are largely on the "cusp" of risky assets. Sycamore believes: "This is a position wash, driven by some recession and hard landing fears, as well as some war fears, as Israel and Hezbollah clashed over the weekend and the United States is also strengthening its military presence in the region.
On July 31st, according to Cointelegraph, after American actress Sydney Sweeney suffered a cryptocurrency hack, independent on-chain detective ZachXBT revealed more details and linked the incident to convicted British hacker Gurvinder Bhangu. On July 2nd, Sweeney's X account was hacked, and the hackers pulled up shipments by promoting Solana token SWEENEY. ZachXBT's investigation revealed that Bhangu was one of the masterminds behind the attack. In addition, on July 8, Breaking Bad and...
A few weeks after American actress Sydney Sweeney suffered a major cryptocurrency-related hack on X, on-chain detective ZachXBT posted on X his investigation into the recent hack of Sydney Sweeney's X account and the alleged connection of convicted hacker Gurvinder Bhangu to the incident. On July 2, the actress's X account was hacked, and the attackers promoted Solana-based token SWEENEY by driving up the share price. According to ZachXBT's findings, Gurv is the latest in the...
On July 29th, according to Decrypt, as the pressure increases after the bitcoin halving, bitcoin mining companies are experiencing an "identity crisis", and some companies are starting to dabble in AI and chip manufacturing to diversify their revenue. At last week's Bitcoin 2024 conference, Ryan Rasmussen, head of research at Bitwise Asset Management, said: "The block reward halving will have a detrimental impact. The bitcoin mining industry is expected to see consolidation in the next 18 months...
Richard Teng, chief executive of Binance, emphasised that spot Ethereum ETFs could provide stable and sizeable capital inflows over time. "While we expect capital investment in these ETFs to be stable, it may not be too dramatic at first and will fluctuate according to various macroeconomic factors," Mr. Teng said. However, Mr. Teng believes liquidity in these ETFs is likely to grow exponentially.
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