Kerrisdale Capital recently released a report questioning the valuation of MicroStrategy shares, stating that the shares have become overvalued. The company argues that the premium at which MicroStrategy’s shares are trading, which represents over two and a half times the spot price of Bitcoin, is unwarranted. According to Kerrisdale Capital, BTC would need to be
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The Binance-linked HKVAEX exchange recently made headlines after it announced the closure of its services and the withdrawal of its application for an operational license in Hong Kong. The decision came approximately three months after the exchange applied for the license with the Securities and Futures Commission (SFC) in Hong Kong. The exchange, operating as
Last week, the market experienced significant turbulence due to the outflows from the Grayscale Bitcoin ETF, causing a sharp decline in the BTC price. However, the following week has shown a shift in sentiment as investors have become more bullish on Bitcoin. The outflows from the Grayscale ETF have slowed down considerably, reaching one of
Ethereum has been showing strength in maintaining its position above the $3,500 mark, indicating a bullish sentiment among investors who are hopeful for a return to the $4,000 level. However, this optimism has fluctuated, as Ethereum recently fell from the $4,000 price level and is currently trading below $3,600. This price volatility showcases the uncertainty
Parallel, the groundbreaking sci-fi NFT card game, recently secured $35 million in funding from a variety of investors. The game, which utilizes the Ethereum blockchain and Base layer-2 chain, made the announcement in a post dated March 28th. The investment round attracted support from reputable entities such as Distributed Global, The Operating Group, VanEck, Solana
Bitcoin (BTC) has recently hit the milestone of surpassing the $70,000 mark, sparking speculations of a potential surge in the near future. Analysts like Ali Martinez have identified a bullish technical pattern on Bitcoin’s 4-hour chart, known as a bull flag. This pattern typically follows a significant price increase and signals a consolidation phase with
Matt Hougan, Chief Investment Officer at Bitwise, has recently shared his observations on the increasing adoption of spot Bitcoin exchange-traded funds (ETFs). According to him, the inflows into these ETFs are set to continue for years as more investors and institutions embrace the products. During a 20-day road trip, Hougan interacted with financial advisors who
The recent surge in meme coin markets on Solana has been nothing short of astounding, with CHRIST experiencing an incredible increase of over 770,000% in just 24 hours. The token, Christ is King, quickly gained viral success on X, leading to a major breakout. Despite this impressive growth, CHRIST is currently trading at a market
The recent surge in Bitcoin prices has brought back the bulls into the crypto market, with the spotlight shining on Spot Bitcoin ETFs once again. According to Farside Investors, the Spot Bitcoin ETFs have seen a remarkable amount of inflows, with a total of $243 million recorded on March 27. Interestingly, this influx of funds
As we look ahead to the second quarter of 2021, there are several exciting game releases in the world of blockchain gaming that have the potential to shake up the industry. Games like Illuvium’s The Overworld component, Guild of Guardians, and Big Time are generating a lot of buzz due to their innovative gameplay, strong