Business

Michael Saylor’s MSTR Adds $715 Million in BTC Buying Power to European Supply

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Michael Saylor and his team at Strategy (MSTR) have officially expanded across the Atlantic as they look to tap into new funding markets in their quest to acquire even more bitcoin. BTC$100,446.85. Strategy, the largest publicly traded company holding bitcoin, has priced its IPO of 7.75 million shares of Series A 10% Perpetual Flow Preferred […]

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Lantern Ventures, the former Alameda co-founder’s cryptocurrency trading firm, is reportedly on the verge of shutting down operations

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Lantern Ventures, a London-based proprietary trading firm founded by former members of Sam Bankman-Fried’s Alameda Research, is winding down its funds after seven years in business, according to two people familiar with the project. The crypto investment firm is in the process of returning capital to investors and is closing its external funds, a person

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US BTC ETF flows turn positive after six days of outflows

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U.S. exchange-traded funds (ETFs) saw inflows of $240 million on Thursday, marking the first day of positive flows since October 28, according to Farside data. No outflows were reported by any ETF provider, ending a streak of six consecutive days of outflows. The longest period of outflows since the ETFs’ launch remains eight consecutive trading

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Filecoin (FIL) soars 70% after surpassing $2 as DePIN sector rallies

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Filecoin SON$2.2111 made one of the cryptocurrency’s most explosive moves in a 24-hour period, rising from $1.33 to $2.27 in a rally that established the token as an undisputed industry leader, according to CoinDesk Research’s technical analysis model. The 70% increase occurred over a total range of $0.95, with FIL demonstrating sustained momentum through three

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IREN Reports Record First Quarter Revenue and Profit as Microsoft Deal Accelerates AI Cloud Growth

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IREN (IREN) reported record first-quarter profit as it expanded further into AI cloud computing and bitcoin revenue. BTC$102,012.68 mining boomed. Net profit for the period ended Sept. 30 was $384.6 million, reversing a loss of $51.7 million a year earlier, the company said on its website. Total revenue increased 355% to $240.3 million, with Bitcoin

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Robinhood (HOOD) Lack of Crypto Revenue Tempers Strong Quarter: JPMorgan

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Wall Street bank JPMorgan (JPM) called Robinhood’s (HOOD) third-quarter results strong but substandard, as weak crypto revenue and tax benefits dragged down much of the profit. The bank said the roughly 15% rise in earnings per share (EPS) was mainly due to a lower tax rate linked to stock-based compensation compared to the 52% rise

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Market Maker Flowdesk Says Crypto Credit Strikes a Fragile Balance

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According to a new note from Flowdesk, Stream Finance’s recent disclosure of a $93 million default and loss, combined with the $20 billion crypto crash in October, has digital asset lenders scrambling to reduce risk while maintaining strong credit lines. Flowdesk says leverage declines as traders re-evaluate counterparties, but credit is not frozen. Borrowing demand

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