— Michael Saylor, MicroStrategy
Strategy needs to pay $689M a year to not sell bitcoin
Strategy has to pay $689M to not sell any of its BTC, and those costs have increased every quarter since 2021.
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LLM crypto trading contest finds LLMs can’t trade crypto
Four out of the six large language models in the Alpha Arena crypto trading competition finished in the red.
China is sentencing pig butchering scammers to death
China has sentenced nearly 20 people, including members of prominent mafia families, to death over pig butchering scams in recent months.
— Michael Saylor, MicroStrategy
STRE is nothing like what Michael Saylor promised on Thursday
Strategy founder Michael Saylor repeatedly promised a roll-out of STRC counterparts but instead he launched STRE.
Tenerife to make 100,000% profit on BTC bought for research
Tenerife's Institute of Technology and Renewable Energies bought the BTC in 2012 for €10K and plans to invest the profits in new projects.
Stream Finance halts withdrawals after $93M loss, xUSD depegs 75%
DeFi platform Stream Finance has halted deposits and withdrawals in response to the loss of $93M of “Stream fund assets.”
— Michael Saylor, MicroStrategy
Strategy diluted MSTR by $54M but only bought $46M of bitcoin
Strategy diluted shareholders by $69.5M but bought $45.6M of BTC. These 183,501 extra shares accreted less than the proceeds to its treasury.
‘Crypto President’ Donald Trump sort of knows CZ, but he doesn’t get crypto
Trump claims he has a vague understanding of who CZ is but he doesn’t know, or even care, about the charges against him or his guilty plea.
Bitcoin mining industry mostly uninterested in spam controversy
While many Bitcoiners have gone to war over the use of node-level “spam” filters, those in BTC mining have stayed in their lanes, unbothered.
Balancer exploit drains $129M in DeFi disaster
The exploit, which hit Balancer's v2 liquidity pools on multiple blockchains, reportedly affected projects that "forked" the exchange's code.