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BREAKING: MicroStrategy buys another 3000 Bitcoin!!
Microstrategy, a leading business intelligence firm, has made another significant investment in Bitcoin, purchasing an additional 3,000 Bitcoins. This acquisition increases MicroStrategy's total Bitcoin holdings to approximately 10,300, which are currently valued at over $10.3 billion.
The decision to acquire more Bitcoin comes amidst growing institutional interest in cryptocurrencies as a hedge against inflation and economic uncertainty. With central banks around the world implementing unprecedented monetary policies, many investors are turning to Bitcoin and other cryptocurrencies as alternative assets that offer protection against currency devaluation and inflation.
MicroStrategy's continued accumulation of Bitcoin also reflects its bullish outlook on the future of cryptocurrency markets. Despite recent price fluctuations and market volatility, MicroStrategy remains confident in the long-term potential of Bitcoin as a digital store of value and an asset class with significant growth prospects.
Moreover, MicroStrategy's strategic investments in Bitcoin have positioned the company as a key player in the cryptocurrency space, garnering attention from both traditional investors and the broader financial community. As more companies and institutional investors recognize the value proposition of Bitcoin, MicroStrategy's bold moves could pave the way for further adoption and mainstream acceptance of cryptocurrencies in the financial industry.
Overall, MicroStrategy's latest $BTC purchase reaffirms its commitment to digital assets and underscores the growing importance of cryptocurrencies in the global financial landscape. As institutional adoption of $BTC continues to accelerate, MicroStrategy stands poised to benefit from its early mover advantage and solidify its position as a leader in the crypto space.
#microstrategy #crypto #marketnews
Trade Bitcoin on Binance
- Vanessa Sierra Crypto
Microstrategy, a leading business intelligence firm, has made another significant investment in Bitcoin, purchasing an additional 3,000 Bitcoins. This acquisition increases MicroStrategy's total Bitcoin holdings to approximately 10,300, which are currently valued at over $10.3 billion.
The decision to acquire more Bitcoin comes amidst growing institutional interest in cryptocurrencies as a hedge against inflation and economic uncertainty. With central banks around the world implementing unprecedented monetary policies, many investors are turning to Bitcoin and other cryptocurrencies as alternative assets that offer protection against currency devaluation and inflation.
MicroStrategy's continued accumulation of Bitcoin also reflects its bullish outlook on the future of cryptocurrency markets. Despite recent price fluctuations and market volatility, MicroStrategy remains confident in the long-term potential of Bitcoin as a digital store of value and an asset class with significant growth prospects.
Moreover, MicroStrategy's strategic investments in Bitcoin have positioned the company as a key player in the cryptocurrency space, garnering attention from both traditional investors and the broader financial community. As more companies and institutional investors recognize the value proposition of Bitcoin, MicroStrategy's bold moves could pave the way for further adoption and mainstream acceptance of cryptocurrencies in the financial industry.
Overall, MicroStrategy's latest $BTC purchase reaffirms its commitment to digital assets and underscores the growing importance of cryptocurrencies in the global financial landscape. As institutional adoption of $BTC continues to accelerate, MicroStrategy stands poised to benefit from its early mover advantage and solidify its position as a leader in the crypto space.
#microstrategy #crypto #marketnews
Trade Bitcoin on Binance
- Vanessa Sierra Crypto
âïž Celsius Sues Tether - The $3,500,000,000 Bitcoin Battle Begins!
Celsius, the now-defunct crypto exchange, is taking Tether to court, seeking around $3.5 billion in Bitcoin, damages, and legal fees. This lawsuit stems from what Celsius claims was a misappropriation of assets during its bankruptcy proceedings.
The Allegations đ
Celsius alleges that during its bankruptcy, it provided Tether with 39,542.42 BTC as collateral for a loan in Tetherâs stablecoin, USDT. As Bitcoin's price plummeted, Celsius was supposed to post more collateral to avoid liquidation. However, according to the lawsuit, Tether sold off the Bitcoin collateral at a price point that covered Celsiusâ debt almost exactly, without giving Celsius a chance to provide the additional collateral.
Tether's Defense
Tether is not backing down, calling the lawsuit a baseless "shake down." The company asserts that the liquidation was carried out at Celsius' request, not in violation of their agreement. Tether claims Celsius chose not to post more collateral and instead directed Tether to liquidate the BTC to close out an $815 million USDT position.
What's at Stake?
The amount Celsius is seeking includes 57,428.64 BTC, which, as of Aug. 10, is worth about $3.48 billion, plus at least $100 million in damages. This lawsuit is one of the largest of its kind, with Tether stating that even in the remote scenario where Celsius wins, USDT holders will not be affected due to Tetherâs $12 billion in consolidated equity.
The Bigger Picture
This legal battle highlights the intense scrutiny and high stakes involved in crypto transactions, especially when companies face financial distress. The outcome of this case could set a significant precedent for how collateralized loans and liquidations are handled in the crypto space.
Stay tuned as this high-stakes legal drama unfolds & follow @Professor Mende - Bonuz Ecosystem Founder !
#tether #celsius #legal #bitcoin #marketnews
$BTC
Celsius, the now-defunct crypto exchange, is taking Tether to court, seeking around $3.5 billion in Bitcoin, damages, and legal fees. This lawsuit stems from what Celsius claims was a misappropriation of assets during its bankruptcy proceedings.
The Allegations đ
Celsius alleges that during its bankruptcy, it provided Tether with 39,542.42 BTC as collateral for a loan in Tetherâs stablecoin, USDT. As Bitcoin's price plummeted, Celsius was supposed to post more collateral to avoid liquidation. However, according to the lawsuit, Tether sold off the Bitcoin collateral at a price point that covered Celsiusâ debt almost exactly, without giving Celsius a chance to provide the additional collateral.
Tether's Defense
Tether is not backing down, calling the lawsuit a baseless "shake down." The company asserts that the liquidation was carried out at Celsius' request, not in violation of their agreement. Tether claims Celsius chose not to post more collateral and instead directed Tether to liquidate the BTC to close out an $815 million USDT position.
What's at Stake?
The amount Celsius is seeking includes 57,428.64 BTC, which, as of Aug. 10, is worth about $3.48 billion, plus at least $100 million in damages. This lawsuit is one of the largest of its kind, with Tether stating that even in the remote scenario where Celsius wins, USDT holders will not be affected due to Tetherâs $12 billion in consolidated equity.
The Bigger Picture
This legal battle highlights the intense scrutiny and high stakes involved in crypto transactions, especially when companies face financial distress. The outcome of this case could set a significant precedent for how collateralized loans and liquidations are handled in the crypto space.
Stay tuned as this high-stakes legal drama unfolds & follow @Professor Mende - Bonuz Ecosystem Founder !
#tether #celsius #legal #bitcoin #marketnews
$BTC
đš URGENT: READ THIS OR SUFFER IN THE FUTURE đš
The result of largest American controlled experiment in Universal Basic Income (UBI) was released.
You havenât heard about it because the findings are terrifyingly bad.
- It was funded by the founders of ChatGPT, presumably to mitigate the potential job losses anticipated through AI and AGI
- 1,100 randomized households making under $29,900 were given $1,000 per month for three years. Essentially, their income increased by 40%. The UBI participants lived in urban, suburban and rural towns in Texas and Illinois.
- Result 1: UBI participants ended up earning $1,500 less despite being given $12,000 more annually. For every one dollar received, total household income dropped by at least 21 cents.
- Result 2: UBI participants stayed unemployed for an extra month compared to those unemployed in the control group
- Result 3: UBI participants worked less and there were no substantive changes in quality of employment. UBI participants did little to improve their education or training to improve their income
- UBI participants self-reported increased rates of disability to limit the work they can do
Two ways to look at these results:
The American Underclass is so worn down that when thrown a life preserver, they could only float rather than paddle to safety. UBI advocates will argue that $1k/mo wasnât enough or...
...Universal Basic Income and its collectivist derivatives are never enough. Work is intrinsically tied to human dignity, happiness & progress
MY OPINION?
Giving handouts NEVER worked, we already saw this during covid when US citizens received $1,2k cash assistance and Amazon sales peaked.
BE PREPARED, this paper shows that AI taking over job will 100% happen and that WE DON'T have a solution for the unemployment shift.
Conclusion: There will be a MAJOR crisis and I think 2008 was nothing compared to what's gonna happen!
Stay updated with @mende and drop a follow!
#economy #alert t #cryptonews #marketnews #bullorbear
$BTC
The result of largest American controlled experiment in Universal Basic Income (UBI) was released.
You havenât heard about it because the findings are terrifyingly bad.
- It was funded by the founders of ChatGPT, presumably to mitigate the potential job losses anticipated through AI and AGI
- 1,100 randomized households making under $29,900 were given $1,000 per month for three years. Essentially, their income increased by 40%. The UBI participants lived in urban, suburban and rural towns in Texas and Illinois.
- Result 1: UBI participants ended up earning $1,500 less despite being given $12,000 more annually. For every one dollar received, total household income dropped by at least 21 cents.
- Result 2: UBI participants stayed unemployed for an extra month compared to those unemployed in the control group
- Result 3: UBI participants worked less and there were no substantive changes in quality of employment. UBI participants did little to improve their education or training to improve their income
- UBI participants self-reported increased rates of disability to limit the work they can do
Two ways to look at these results:
The American Underclass is so worn down that when thrown a life preserver, they could only float rather than paddle to safety. UBI advocates will argue that $1k/mo wasnât enough or...
...Universal Basic Income and its collectivist derivatives are never enough. Work is intrinsically tied to human dignity, happiness & progress
MY OPINION?
Giving handouts NEVER worked, we already saw this during covid when US citizens received $1,2k cash assistance and Amazon sales peaked.
BE PREPARED, this paper shows that AI taking over job will 100% happen and that WE DON'T have a solution for the unemployment shift.
Conclusion: There will be a MAJOR crisis and I think 2008 was nothing compared to what's gonna happen!
Stay updated with @mende and drop a follow!
#economy #alert t #cryptonews #marketnews #bullorbear
$BTC
đđ THIS WEEK'S CRUCIAL EVENTS: MARK YOUR CALENDARS! đ
Monday, May 6:
đșđž The US Securities and Exchange Commission (SEC) to deliver its verdict in the Ripple case â brace for impact!
Tuesday, May 7:
đ International Masturbation Day â a day of... self-reflection.
đ Robinhood to unveil its earnings report post-market closure, shaping investor sentiment.
đąïž The Department of Energy to release Oil Market Short-Term Forecasts at 19:00, influencing oil prices.
đąïž API Oil Stocks data to be disclosed at 23:30, impacting oil market dynamics.
Wednesday, May 8:
đąïž EIA Oil Stocks data announcement at 17:30, offering insights into oil supply trends.
Thursday, May 9:
đčđ· TĂŒrkiye's unemployment rate reveal at 10:00, shedding light on economic conditions.
đ Initial Unemployment Applications data release at 15:30, a key indicator of labor market health.
Friday, May 10:
đŒ Eigenlayer launches the EIGEN token â a potential game-changer in the crypto sphere.
đ Michigan Consumer Sentiment (May) data unveiling at 17:00, gauging consumer confidence.
đ° Inflation Expectations (May) data to be announced at 17:00, influencing market expectations.
Stay tuned for these pivotal developments shaping the week ahead & ftop a follow! đ
@Professor Mende - Bonuz Ecosystem Founder
#marketnews #news #bitcoinnews #sec #bullorbear
$btc $Shib $Floki
Monday, May 6:
đșđž The US Securities and Exchange Commission (SEC) to deliver its verdict in the Ripple case â brace for impact!
Tuesday, May 7:
đ International Masturbation Day â a day of... self-reflection.
đ Robinhood to unveil its earnings report post-market closure, shaping investor sentiment.
đąïž The Department of Energy to release Oil Market Short-Term Forecasts at 19:00, influencing oil prices.
đąïž API Oil Stocks data to be disclosed at 23:30, impacting oil market dynamics.
Wednesday, May 8:
đąïž EIA Oil Stocks data announcement at 17:30, offering insights into oil supply trends.
Thursday, May 9:
đčđ· TĂŒrkiye's unemployment rate reveal at 10:00, shedding light on economic conditions.
đ Initial Unemployment Applications data release at 15:30, a key indicator of labor market health.
Friday, May 10:
đŒ Eigenlayer launches the EIGEN token â a potential game-changer in the crypto sphere.
đ Michigan Consumer Sentiment (May) data unveiling at 17:00, gauging consumer confidence.
đ° Inflation Expectations (May) data to be announced at 17:00, influencing market expectations.
Stay tuned for these pivotal developments shaping the week ahead & ftop a follow! đ
@Professor Mende - Bonuz Ecosystem Founder
#marketnews #news #bitcoinnews #sec #bullorbear
$btc $Shib $Floki
đ„ Rally Report đ„
LIDO DAO
The price of LDO has rallied by 30% in the past 24 hours.
WHY?!
đ Part of a larger rally among Ethereum ecosystem projects as favourable regulatory developments have increased the likelihood of approval for Spot Ethereum ETFs.
âŒïž Notably, sources have stated that the SEC is asking exchanges to update 19b-4 filings on an accelerated basis, suggesting potential progress toward spot Ether ETF approvals.
#newsdaily #marketnews $LDO
LIDO DAO
The price of LDO has rallied by 30% in the past 24 hours.
WHY?!
đ Part of a larger rally among Ethereum ecosystem projects as favourable regulatory developments have increased the likelihood of approval for Spot Ethereum ETFs.
âŒïž Notably, sources have stated that the SEC is asking exchanges to update 19b-4 filings on an accelerated basis, suggesting potential progress toward spot Ether ETF approvals.
#newsdaily #marketnews $LDO
đš ALERT: BITCOIN SET FOR THIRD WORST WEEK OF 2024 đš
Bitcoin prices continue their downward spiral on Monday, positioning the premier cryptocurrency for its third-worst week of the year.
đ§ Analyzing Market Trends:
Several factors contribute to this decline. Notably, the Japanese crypto exchange Mt. Gox, infamous for its hack over a decade ago, announced it would begin repaying Bitcoin and Bitcoin Cash in July. This has raised concerns about a potential sell-off by creditors, which could flood the market with additional Bitcoin.
đž Investor Sentiment Shifts:
Investors might be reallocating their funds into other asset classes, especially as the tech sector outperforms this month, pushing markets to new highs. U.S. spot Bitcoin ETFs have seen six consecutive days of outflows, coinciding with preparations for ETFs investing directly in Ethereum.
đ Key Levels to Watch:
Bitcoin dropped more than 5% and is hovering just above the $61,000 mark, after touching near $60,000 earlier in the day. Despite recent setbacks, Bitcoin remains up nearly 40% year-to-date, having ended last year around $43,000.
đŒ Impact on Crypto Stocks:
Crypto-related stocks are also feeling the heat. Over a 10-day chart, these stocks have faced substantial pressure correlating with Bitcoinâs sell-off.
đ Year-to-Date Performance:
While Bitcoin is currently facing challenges, itâs crucial to remember its robust performance throughout the year, with a significant increase from its previous year-end value.
đ Broader Market Context:
The current market environment reflects a complex interplay of regulatory developments, market sentiment shifts, and broader economic factors. As the landscape evolves, both investors and analysts are closely monitoring these dynamics to gauge future movements.
Stay informed with @Professor Mende - Bonuz Ecosystem Founder and make strategic decisions in this volatile market!
#markettrends #btc #bitcoin #marketnews #marketanalysis.
$BTC $ETH $SOL
Bitcoin prices continue their downward spiral on Monday, positioning the premier cryptocurrency for its third-worst week of the year.
đ§ Analyzing Market Trends:
Several factors contribute to this decline. Notably, the Japanese crypto exchange Mt. Gox, infamous for its hack over a decade ago, announced it would begin repaying Bitcoin and Bitcoin Cash in July. This has raised concerns about a potential sell-off by creditors, which could flood the market with additional Bitcoin.
đž Investor Sentiment Shifts:
Investors might be reallocating their funds into other asset classes, especially as the tech sector outperforms this month, pushing markets to new highs. U.S. spot Bitcoin ETFs have seen six consecutive days of outflows, coinciding with preparations for ETFs investing directly in Ethereum.
đ Key Levels to Watch:
Bitcoin dropped more than 5% and is hovering just above the $61,000 mark, after touching near $60,000 earlier in the day. Despite recent setbacks, Bitcoin remains up nearly 40% year-to-date, having ended last year around $43,000.
đŒ Impact on Crypto Stocks:
Crypto-related stocks are also feeling the heat. Over a 10-day chart, these stocks have faced substantial pressure correlating with Bitcoinâs sell-off.
đ Year-to-Date Performance:
While Bitcoin is currently facing challenges, itâs crucial to remember its robust performance throughout the year, with a significant increase from its previous year-end value.
đ Broader Market Context:
The current market environment reflects a complex interplay of regulatory developments, market sentiment shifts, and broader economic factors. As the landscape evolves, both investors and analysts are closely monitoring these dynamics to gauge future movements.
Stay informed with @Professor Mende - Bonuz Ecosystem Founder and make strategic decisions in this volatile market!
#markettrends #btc #bitcoin #marketnews #marketanalysis.
$BTC $ETH $SOL
đš Why Bitcoin Dumped Below $56K? - 4 Reasons
Bitcoin hit a new weekly low of $55,600. Hereâs a breakdown of the factors contributing to this decline:
1. US Stock Market Crash
- S&P 500: Dropped 2.1% today.
- NASDAQ: Fell 3.26%.
- NVIDIA: Plummeted nearly 10% due to a DOJ subpoena.
The stock market downturn is largely attributed to economic slowdown concerns, particularly related to recent job data.
2. Japan Stock Market Decline
-The Yen carry trade has not fully unwound, causing a significant drop in the Japanese stock market. This decline in Japan's market has impacted global markets as well.
3. Massive Outflow
-Bitcoin ETFs experienced a $288 million outflow yesterday, marking the largest outflow in 4 months. This reflects a broader shift away from Bitcoin investments.
4. Massive Liquidations
- In the past 24 hours, $170 million worth of long positions were liquidated. This forced selling by exchanges exacerbates the price drop, creating a cascading effect.
As anticipated, September is proving to be a challenging month for Bitcoin and the broader crypto market. The hope is that Bitcoin won't set a new low during this period.
Looking Ahead: Q4 historically tends to be more bullish for Bitcoin and crypto. With Septemberâs volatility behind us, thereâs optimism for a potential recovery as we move into the final quarter of the year.
Stay informed and prepared with @Professor Mende - Bonuz Ecosystem Founder for potential shifts in the market!
#marketnews #nvidia #stockmarket #btc #bitcoin
$BTC
Bitcoin hit a new weekly low of $55,600. Hereâs a breakdown of the factors contributing to this decline:
1. US Stock Market Crash
- S&P 500: Dropped 2.1% today.
- NASDAQ: Fell 3.26%.
- NVIDIA: Plummeted nearly 10% due to a DOJ subpoena.
The stock market downturn is largely attributed to economic slowdown concerns, particularly related to recent job data.
2. Japan Stock Market Decline
-The Yen carry trade has not fully unwound, causing a significant drop in the Japanese stock market. This decline in Japan's market has impacted global markets as well.
3. Massive Outflow
-Bitcoin ETFs experienced a $288 million outflow yesterday, marking the largest outflow in 4 months. This reflects a broader shift away from Bitcoin investments.
4. Massive Liquidations
- In the past 24 hours, $170 million worth of long positions were liquidated. This forced selling by exchanges exacerbates the price drop, creating a cascading effect.
As anticipated, September is proving to be a challenging month for Bitcoin and the broader crypto market. The hope is that Bitcoin won't set a new low during this period.
Looking Ahead: Q4 historically tends to be more bullish for Bitcoin and crypto. With Septemberâs volatility behind us, thereâs optimism for a potential recovery as we move into the final quarter of the year.
Stay informed and prepared with @Professor Mende - Bonuz Ecosystem Founder for potential shifts in the market!
#marketnews #nvidia #stockmarket #btc #bitcoin
$BTC