Bitcoin24h $101,662.13-4.54%

Ethereum24h $3,296.88-8.38%

XRP24h $2.21-4.03%

BNB24h $938.93-5.36%

Solana24h $154.48-6.78%

TRON24h $0.2855+1.55%

Dogecoin24h $0.1629-2.49%

Cardano24h $0.5220-5.37%

Hyperliquid24h $39.15-2.03%

Chainlink24h $14.75-3.20%

TUSD up to 99.7% backed by speculative assets despite SEC settlement

Dollar-pegged stablecoin TUSD may still be up to 99.7% backed by speculative assets, despite an SEC settlement that alleged this behavior.

Michael Saylor has lost voting control of MicroStrategy

Michael Saylor’s Class B MicroStrategy stock outvoted Class A 10:1, but so much Class A now exists that he has lost voting control.

Coinbase has announced that it intends to delist Wrapped Bitcoin (WBTC) from December 19 because it no longer meets the listing requirements.

Whether bitcoin will destroy all models or only some is up for debate. But for most publicized models, it seems intent on a destructive path.

In 2023, MicroStrategy’s average bitcoin purchase price was near $30,000. Today, that average has jumped to near $50,000.