PREDICT BITCOIN
Micah Zimmerman
65% of Corporate Bitcoin Treasuries Are Underwater: Report
Corporate Bitcoin treasuries swung into widespread unrealized losses in November, as Bitcoin’s brief drop below $90,000 left roughly 65% of measurable corporate holders in the red.
Bitcoin Price Briefly Pumps Above $94,000 As Fed Cuts Rates
Bitcoin price jumped above $94,000 after the Federal Reserve cut its benchmark rate 25 basis points to 3.50%–3.75% to support jobs and curb elevated inflation.
Federal Reserve Cuts Interest Rates by 25 Basis Points
The Federal Reserve cut its benchmark interest rate by 25 basis points to 3.50%–3.75% to support maximum employment and curb somewhat elevated inflation amid moderate economic growth and slowing job gains.
SpaceX Moves $95M in Bitcoin Ahead of Potential Mega IPO
SpaceX moved 1,021 BTC worth $94.5, part of a series of transfers this year totaling 8,910 BTC as the company consolidates and upgrades its bitcoin holdings.
Strategy Formally Urges MSCI to Keep Digital Asset Treasury Companies on Global Indexes
Strategy released a letter to MSCI arguing that their proposed digital asset threshold is “misguided” and would have “profoundly harmful consequences."
American Bitcoin Adds 416 BTC, Holdings Near 4,800; ProCap Hits 5,000 Bitcoin Club
American Bitcoin Corp. added 416 bitcoin to its reserve, bringing total holdings to 4,783 BTC, while ProCap Financial increased its stack to 5,000 BTC.
Strive Lines Up $500 Million Stock Offering to Buy More Bitcoin
Vivek Ramaswamy's Strive is looking to raise $500 million via sales of its Variable Rate Series A Perpetual Preferred Stock to buy more bitcoin.
22-Year-Old Pleads Guilty in $263 Million Bitcoin and Crypto Theft
Evan Tangeman, 22, pleaded guilty to laundering $3.5 million for a multi-state social engineering and crypto scheme that stole 4,100 Bitcoin worth $263 million at the time.
Bitcoin Bulls Trim Near-Term Price Targets as BTC Demand Slows
Wall Street’s top Bitcoin bulls have lowered near-term price targets amid fading corporate demand and ETF outflows. Long-term Bitcoin sentiment remains strong.
OCC Confirms Banks Can Act as Intermediaries in Crypto Transactions
The Office of the Comptroller of the Currency (OCC) clarified today that national banks may conduct crypto-related “riskless principal” transactions.
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