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
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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
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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
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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
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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
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