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(Bloomberg) — Michael Saylor’s decision in 2020 to start buying Bitcoin paid off in a big way this year for the MicroStrategy co-founder and executive chairman.Most Read Articles on BloombergBased on data compiled by Bloomberg, Saylor earned an estimated $400 million or so from pre-planned daily sales of about 5,000 shares of the enterprise software company between January and last week. The sale of shares is in conjunction with the exercise of options granted in 2014 that expire. The stock has doubled this year to around $1,290, outpacing the original cryptocurrency's record gains over the same period. At the end…

In a letter to senior government officials on April 28, a coalition of U.S. Congressional leaders issued a letter to senior government officials saying they are alarmed by the use of digital currencies such as Tether (USDT) by countries such as Russia, Iran, and North Korea to circumvent international sanctions. expressed concern.The letter, signed by Sens. Elizabeth Warren (D-Mass.) and Roger Marshall (R-Kansas), was signed by Secretary of Defense Lloyd Austin, Treasury Secretary Janet Yellen, and Under Secretary for Terrorism and Financial Intelligence Brian. Addressed to Secretary Nelson. Andrea Gacki of the Financial Crimes Enforcement Network and National Security Advisor…

ETH/BTC is a sign of the next altcoin explosion Recently, experienced crypto investor Daan Crypto Trades provided a new perspective on assessing altcoin market sentiment. Dern believes that the ETH/BTC ratio is a better indicator of altcoin market sentiment than the SOL/BTC ratio and presents data that hints at a possible upcoming altcoin season. ETH/BTC vs. SOL/BTC: Decoding the true Artzbarometer Daan Crypto Trades disputed the emerging view that SOL/BTC might be a better measure of altcoin strength and instead argued for the enduring relevance of ETH/BTC. Dern said that while Solana's performance was noteworthy, it did not significantly impact…

Ethereum transaction fees are currently the lowest since October 2023, according to on-chain data. Here's what this means for cryptocurrencies. Ethereum transfer fees recently fell to a low of $1.12 According to data from an on-chain analytics company Santimento, the average fees on the Ethereum network have recently fallen to low levels. Fee here refers, of course, to the amount that every sender must attach to a transaction as compensation for processing the move through the blockchain. The fees investors need to pay to expedite the transfer will depend on the network conditions at the time. During periods of high…

We do the research so you can get the alpha!Get exclusive reports and access key insights on airdrops, NFTs, and more! Subscribe to Alpha Report now and get ahead of the game!Go to alpha reportMicroStrategy is BitcoinI'm buying it again.On Monday, the software company and “Bitcoin Development Company” Financial results for the first quarter of 2024And he used the opportunity to note that he has bought even more Bitcoin since the end of March, amid a tough few weeks for the cryptocurrency market.micro strategy Purchased an additional 122 Bitcoins A total of $7.8 million was paid between April 1 and…

Bitcoin (BTC) dips below $63,000 as the crypto market overall slumps, with the impending debut of Hong Kong's crypto spot exchange-traded fund (ETF) failing to spark investor excitement. It shook nearby.BTC fell during the day from $64,000 at the weekend and briefly fell to $61,800, but recovered to nearly $63,000 by mid-afternoon US time. The largest cryptocurrency by market capitalization recently hovered around $63,000, down about 1% in the past 24 hours, compared to the broader CoinDesk Market Index (CD20), which fell 3% in the same period. is also holding up.Most of the altcoin majors also gave up their weekend…

MicroStrategy (MSTR) reported a net operating loss of $53.1 million, or $3.09 per share, in the first quarter after recording a $191.6 million digital asset impairment charge, according to a press release Monday afternoon. .Some expected the company to adopt a new digital asset fair value accounting standard and report huge profits due to Bitcoin (BTC)'s first-quarter rally, but the company won't. I chose that. Under the old standard, MicroStrategy valued his Bitcoin holdings at $23,680 ($5.1 billion) per coin at the end of the quarter, rather than the March closing price of $71,028 ($15.2 billion). Ta.The company also announced…

A CoinShares report revealed that there were $435 million in weekly outflows from crypto investment products for the week ending April 26. Cryptocurrency exchange-traded products (ETPs) have now been experiencing outflows for three consecutive weeks as Bitcoin prices remain in the low $60,000 range.cointelegraphBitcoin BTCUSD Funds led the outflows, with $423 million exiting the market after the halving event, while Ether ETHUSD Investment products also saw withdrawals of $38 million, marking the seventh consecutive week of negative flows.Solana SolUSD and litecoin LTCUSD ETPs had deposits and recorded net inflows of $4.1 million and $3.1 million, respectively. cointelegraphCoinShares said the negative…

The second largest crypto token by market capitalization, Ethereum (ETH), which rose to $3,300 over the weekend, finally showing some form of vitality.This move is believed to be the beginning of the next situation. trend reversal There are some bullish signals on the chart for the crypto token. Ethereum has a bullish chart Crypto analyst Derek revealed on X (formerly Twitter) post Ethereum signal is Moving Average Convergence/Divergence (MACD) The index “seems to have ended its decline and turned upwards,” he added. Ethereum dominance chartconfirmed three bottoms and gave a strong rebound. The analyst explained, “The fact that the stock…

Mobile major supercellThe company behind the hit mobile games “Clash of Clans” and “Clash Royale” has invested in a cryptocurrency gaming startup. games for life As part of a broader $3.2 million seed funding round. games for life (GFAL) was co-founded by Trip Hawkins, founder and CEO of video game giant Electronic Arts (EA). As Chief Strategy Officer, this startup is developing games based on: NFT and cryptographic tokens. With the new capital injection, the startup plans to expand its core team and accelerate its production plans. This comes after the launch of the GFAL token sale, which brought in…