Kerrisdale Capital recently released a report claiming that MicroStrategy’s shares are currently overvalued. They believe that MicroStrategy’s shares are trading at a premium to the actual spot price of Bitcoin, which the company views as unjustifiable. This assertion led to a significant 14% decrease in MicroStrategy’s shares following the report’s publication. Analysis of the Premium
Crypto
The recent hack of Prisma Finance, where $11.6 million was stolen from the decentralized finance (DeFi) protocol, has raised questions and sparked discussions within the cryptocurrency community. The attacker behind the hack claimed that it was a “whitehat rescue” and expressed a desire to return the funds back to the platform. This raised eyebrows as
The Chief Investment Officer (CIO) of Bitwise, Matt Hougan, recently shared insights on the future of spot Bitcoin exchange-traded funds (ETFs) during a 20-day road trip he embarked on. His observations shed light on the current state of adoption and allocation trends among investors and institutions. Hougan’s encounters with financial advisors revealed a stark contrast
A recent event in the world of cryptocurrency has left many investors scratching their heads. Over the weekend, the fifth richest Bitcoin address made a massive move by transferring a staggering $6 billion worth of the asset to three new wallets. This unprecedented transfer has raised eyebrows and sparked speculation about the motives behind such
The long-standing legal battle between Ripple and the US Securities and Exchange Commission (SEC) is approaching its trial phase, scheduled for April 23. This legal dispute, which has spanned over three years, has captured the attention of the cryptocurrency community and the broader financial industry. Recently, both Ripple and the SEC demonstrated a collaborative effort
In a recent legal proceeding, U.S. District Judge Robert Shelby imposed sanctions on the Securities and Exchange Commission (SEC) for its misconduct in a case against Utah-based cryptocurrency firm DEBT Box. The judge accused the SEC of a “gross abuse of power” in handling the case, citing misrepresentation of key facts to obtain a temporary
In a recent incident in Hong Kong, a 46-year-old housewife found herself in a devastating situation after investing in a fraudulent crypto investment platform. The woman reported losses of 7.1 million Hong Kong dollars, highlighting the risks associated with the rapidly growing cryptocurrency market. The victim was contacted by fraudsters through Instagram and lured into
Coinbase, the derivatives arm of the largest American cryptocurrency exchange, has announced its intention to launch futures trading contracts for Dogecoin (DOGE), Litecoin (LTC), and Bitcoin Cash (BCH) by April 1, 2024. The move comes as part of the company’s strategy to expand its offerings and provide more options for traders in the cryptocurrency market.
The meme coin sector has seen a surge in popularity recently, with various assets experiencing significant price increases and attracting the attention of investors. These assets have not only performed well in terms of price, but they have also become the focus of intense discussions on social media platforms. Top Performers in the Meme Coin
The Super Sushi Samurai, a blockchain game built on the layer-2 solution Blast, recently fell victim to a devastating exploit just hours before the launch of its highly anticipated gaming product. The exploit, carried out by a white hat hacker, exploited a bug in the smart contract code, resulting in a staggering loss of $4.6
