Analysis News TheBitTimes.com

1. The Trump Media and Technology Group Embarks on the Decentralized Finance Domain link The Trump Media & Technology Group has announced the introduction of TruthFi, a brand in the realm of financial services and fintech, marking its foray into the decentralized finance domain. The board of directors has given the green light for investments amounting to as much as $250 million, which can be earmarked for separately managed accounts (SMAs), exchange — traded funds (ETFs), along with Bitcoin and analogous cryptocurrencies or crypto — related securities. 2. Former US SEC Chairman Gary Gensler Resumes Teaching at the Massachusetts Institute of Technology link Gary Gensler, the former Chair of the US Securities and Exchange Commission (SEC), has returned to the Massachusetts Institute of Technology (MIT) to serve as a Practice Professor in the Global Economics and Management Group and the Finance Group. As per the university, he will engage in teaching and research on artificial intel...

In 2023, Protos interviewed Fabio Frontini, the fund manager of Malta-based Heka Funds. Heka is one of the biggest Tether whales, and with its Elysium Global Arbitrage Fund, it arbitrages tether (USDT) by buying and selling around its intended $1 peg. Protos recently interviewed Frontini again, this time about the latest developments in crypto, including the effect of MicroStrategy’s (MSTR) historic acquisition spree of 447,470 bitcoins (BTC) – 2.2% of the world’s circulating supply. We began by asking Frontini whether he thinks MicroStrategy poses a structural risk to the BTC market.  “That is a very good question!” he said. “We are trying to dig into MicroStrategy to understand if an arbitrage is possible given the MSTR shares look particularly expensive compared to the value of the underlying BTC but at the moment it is not a clear-cut trade.” He added, “Generally speaking, their position is very significant indeed. However, in the past,...

MicroStrategy (NASDAQ: MSTR) has been the great beneficiary of the other 2024 boom – the one in the cryptocurrency market. The company’s strategic investment in Bitcoin (BTC), paired with BTC’s own stellar performance, has led to a share price skyrocketing of 384.87% in the year-to-date (YTD) chart and a press time price of $332.23. MSTR stock YTD price chart. Source: Google However, on December 24, 2024, MicroStrategy stock is facing an increasing danger of an imminent plummet, with at least one cause being by the firm’s own design. Specifically, a recent Schedule 14A document filed with the Securities and Exchange Commission (SEC) revealed that Michel Saylor is hoping, with stakeholder approval, to increase the number of MSTR shares by approximately 11 billion. Picks for you Crypto millionaire sells more Ethereum for Bitcoin in ...

The theory that the cryptocurrency market tends to ‘pump’ on Sundays has been prevalent for a long time and has, relatively recently, received a ‘tail’ stating that the issue with such a weekend rally is that it is followed by a ‘Monday dump.’ When it comes to Bitcoin (BTC), Monday, December 16, appears particularly fertile ground for a downward correction. The world’s premier cryptocurrency has recorded multiple highs since Friday and even briefly crossed above $106,000 on December 15. BTC 1-day price chart. Source: Finbold BItcoin Sunday-Monday price action in late 2024 Looking at Bitcoin’s recent price history, the truth behind the saying appears, at best, dubious. Picks for you Xandeum wraps up Solana staking program with 205M XAND distributed in rewards 6 mins ago ...

As the stock and the leading crypto continue to soar to new heights this year, Michael Saylor’s MicroStrategy has purchased another $5.4 billion worth of Bitcoin. Indeed, the business intelligence firm announced that it added 55,500 BTC to its stash in what is its biggest purchase to date. Saylor announced the purchase on X (formerly Twitter), with the firm paying $97,862 per BTC during the record-setting sale. The move only adds to the company’s ongoing Bitcoin acquisition strategy. To date, the firm holds a remarkable 386,700 BTC acquired for $21.9 billion. https://twitter.com/WatcherGuru/status/1861034136221159902 Also Read: Here’s Why You Need to Buy MicroStrategy Stock Before BTC Hits $100k MicroStrategy Keeps Growing BTC Stash, Adds $5.4 Billion in Bitcoin There is little argument that 2024 has been the biggest year in Bitcoin’s history. Not only did it completely change US investments into cryptocurrencies in becoming the first digital asset-based ETF, but...

Hoth Therapeutics, a publicly-traded biopharmaceutical company, has adopted Bitcoin (BTC) as a treasury asset. The clinical-stage biopharmaceutical company announced on Nov. 20 that its board of directors had approved adding BTC to its balance sheet. In the first step of this significant move, Hoth Therapeutics will buy up to $1 million in Bitcoin, according to details in a press release. Big move as Hoth buys Bitcoin Hoth points to Bitcoin’s traction as an investment asset, global adoption and rising institutional purchase as key to its decision. Bitcoin ETFs and options approval, increased ETF inflows and assets as well as plans for strategic BTC reserves has also buoyed several platforms. The Hoth management team also looked at BTC as a hedge against inflation and store of value as crucial Features . “As Bitcoin continues to grow, gaining investor attention and acceptance as a major and primary asset class, we believe that Bitcoin will serve as ...