Hedge Fund Goes Long Bitcoin, Short MicroStrategy: Details

Kerrisdale Capital, a hedge fund, today disclosed a nuanced investment thesis: going long on Bitcoin while concurrently taking a short position on MicroStrategy shares. This move is predicated on the assessment that MicroStrategy, which has positioned itself as a de facto Bitcoin investment vehicle, is trading at a significantly unjustified premium to the underlying cryptocurrency read more

PEPE whale reaps 8x profit amidst new ATH: Should you sell as well?

PEPE’s price has experienced a notable surge to a new peak, bringing a whale to massive profits. read more

US Lawmakers Urge Treasury Action on Russian Crypto Exchange Sanctions Evasion

U.S. Congressman Gabe Amo (D-RI), along with Congressmen Brad Sherman (D-CA) and Gerald E. Connolly (D-VA), sent a letter to U.S. Treasury Secretary Janet Yellen regarding the Moscow-based cryptocurrency exchange Garantex. They expressed concerns that Garantex is reportedly facilitating sanctions evasion and funding Russia’s invasion of Ukraine. The letter cited reports indicating that $20 billion read more

Bitcoin crosses $66K as traders eye 2 key indicators for $70K target

The Gann Fanns model and an emerging Inverse Head and Shoulders pattern are top of mind for traders to see if Bitcoin can “bounce” above its all-time high. read more

CoinGate Integrates SHIB on Polygon and Binance Smart Chain, Expanding Crypto Payments to Major Brands like Airbnb and Nike

CoinGate, a leading cryptocurrency payment gateway, has recently expanded its offerings by integrating SHIB (Shiba Inu coin) for use on both the Polygon and Binance Smart Chain networks. This strategic move significantly broadens the utility of SHIB, allowing holders to transact with major brands such as Airbnb and Nike. This development marks a pivotal step in SHIB’s growing presence in the market, highlighting its transition from merely a speculative asset to a viable medium for everyday transactions. By incorporating SHIB on these platforms, CoinGate enhances the coin’s accessibility and usability. The selection of Polygon and Binance Smart Chain for this read more

Boothbay Bitcoin ETF Investment Now Accounts For The Largest Proportion Of IBIT With $150M

Boothbay Bitcoin ETF investments include $149.8 million in BlackRock’s Bitcoin ETF, $105.5 million in Fidelity’s Bitcoin ETF, and $69.5 million in Grayscale Bitcoin Trust. read more

Millennium Management Bitcoin ETF Accounts For 3% Of Its Portfolio

Millennium Management Bitcoin ETF investment currently reaches nearly $2 billion, signaling strong institutional interest. read more

Analyst Predicts NEAR’s Market Movement

Bitcoin continues its rise amidst discussions of an altcoin rally. Analyst Credible compares NEAR's market outlook to meme coin PEPE. Continue Reading: Analyst Predicts NEAR’s Market Movement read more

Brothers Arrested for Allegedly Exploiting Ethereum Blockchain to Steal $25 Million in 12 Seconds

Two brothers, both graduates of the prestigious Massachusetts Institute of Technology (MIT), have been apprehended and charged with exploiting a vulnerability in the Ethereum blockchain. The post Brothers Arrested for Allegedly Exploiting Ethereum Blockchain to Steal $25 Million in 12 Seconds appeared first on Cryptonews . read more

BDAG X1 App Revolutionizes Mining, Surpassing SOL & Avalanche with $2.5M in Sales

BlockDAG’s X1 App Surpasses Avalanche & Solana Transactions, Garnering $2.5M in Miner Sales Avalanche has impressively logged a billion transactions, signifying its substantial growth in the decentralized finance sector. Despite fluctuations in the market, Solana has maintained its strength, indicating a potential uptick in its value. With these trends, BlockDAG read more

FTX Customers Express Frustration Despite 118% Payouts In Bankruptcy Case—Here’s Why

Customers of the defunct FTX crypto exchange find themselves at the center of a complex bankruptcy case with potentially promising outcomes. While the process has been far from smooth, the recent surge in the crypto market has bolstered the value of FTX’s assets, resulting in the possibility of customers receiving payouts that exceed their initial read more