Author: Coindesk
“MicroStrategy shareholders are a unique cohort. Typically, when shareholders get diluted, this is a bad thing,” said James Van Straten, senior analyst at CoinDesk. “However, as a MicroStrategy shareholder, I celebrate being diluted as I know MicroStrategy are going out and buying bitcoin, which increases the bitcoin per share as a company which is accretive for shareholder value.” Read the full article here
Initially launching as a layer-2 solution on Ethereum, Atlas is designed to plug into both Ethereum and Solana’s liquidity pools. Key features will include low-latency transaction processing, reliable oracle updates, and robust sequencing for non-custodial, on-chain price discovery, according to Haun Ventures. Read the full article here
At press time, World Liberty’s website reflected the old sales target of $300 million. The company sold just under 1 billion of the 20 billion WLFI tokens available. It sold them at a valuation of $1.5 billion. But sold tokens remain frozen until further notice, meaning no one who bought WLFI can cash out on secondary markets. Read the full article here
The caveats are many, including that Paradigm’s hired survey firm, Dynata, tapped a limited number of 1,000 people and applied weighting to the responses to mold the results into something that better reflects the U.S. electorate. The margin of error is stated at 3.5% overall, but that necessarily rises as subsets of those surveyed are more closely analyzed, which was the case for that central question. The survey only asked the single-issue question of the 20% of people who said they had crypto investments, and since a quarter of those said yes, that their crypto enthusiasm made them single-issue voters,…
Unlike traditional stock markets, which close at 4 p.m., aren’t open on weekends, and take holidays off, crypto markets never sleep. This gives investors the freedom to trade at any time, regardless of where they are in the world. For many, this freedom may seem overwhelming and, paradoxically, may limit their participation. After all, who wants to be on alert around the clock, monitoring prices and making snap decisions? In traditional markets, significant events, partnerships or regulatory updates can be researched and synthesized during non-market hours. This allows investors to create a well-formulated plan and be prepared to act accordingly…
The layer 2, which went live in 2022, represented a big step in the evolution of Coinbase, opening a new venture for the exchange beyond being a marketplace for crypto. It has since become a fast-growing part of the company’s business, handling 55% more transactions in the third quarter than in the second. Read the full article here
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Bitcoin appears to be taking a breather as October draws to a close, trading around $72,500 during the late European morning, about 0.3% higher in the last 24 hours. The broader digital asset market has fallen nearly 0.9%, as measured by the CoinDesk 20 Index, with ETH and SOL lower by 1.15% and 0.3%, respectively. Bitcoin has gained over 6% in the last week, so the temporarily muted price action may point toward profit-taking. Nevertheless, spot bitcoin ETFs registered $893 million of inflows on Wednesday, a second consecutive day of over $850 million. The strong showing was almost entirely attributable…
The company missed many important revenue metrics including “account growth, new net assets, trade pricing, new gold account subscriptions,” the Wall Street bank said. Still, it is managing expenses well, and this supported earnings per share (EPS) for the quarter, the bank said. Read the full article here
A breather in the market from a wider pump earlier in the week came amid a second straight day of strong inflows for U.S. bitcoin exchange-traded funds (ETFs). The ETFs recorded over $893 million in inflows on Wednesday after taking in $879 million on Tuesday, the first back-to-back inflows of more than $850 million. Cumulative net inflows since their introduction in January now total $24 billion, according to data tracked by Farside Investors. Read the full article here