Crypto News
MicroStrategy Retail Investors Caught Out On the Wrong Side of MSTR Trade
Disclaimer: The analyst who wrote this piece owns shares of MicroStrategy (MSTR).Bitcoin (BTC) development company MicroStrategy (MSTR) has been one of the stocks to watch in 2024. The company is up 416% year-to-date, up as much as 600% at one point last week.However, since the short report from Citron Research came out on Nov. 21, the stock has dropped almost 40%, subsequently burning retail in the process. This drop coincided with bitcoin dropping almost 10% to $90,000 from its all-time high of just shy of $100,000.According to a post on X by the Kobeissi Letter, which is an industry-leading commentary on global markets, on Nov. 20 retail investors bought up to $42 million worth of MicroStrategy common stock....
Binance Expands Offerings with Thena (THE) on Multiple Platforms
Binance announces the addition of Thena (THE) to its Simple Earn, Buy Crypto, Convert, Margin, and Futures platforms, enhancing trading options and opportunities for users. (Read More)Source link
TORN Jumps 380%, Privacy Coins Railgun, Zcash Surge After Tornado Cash Ruling
Privacy-focused cryptos saw double-digit gains as a U.S. court ruling declares immutable smart contracts exempt from Treasury sanctions.Source link
BitMEX Implements Fair Price Marking for HSKUSDTX24
BitMEX has transitioned the Mark Method for HSKUSDTX24 to Fair Price marking, enhancing price precision by using a robust index from Gate.io, Kucoin, and MEXC. (Read More)Source link
Rapid Response and Transparency Key to Building Trust in Digital Assets, Says Kucoin MD
Alicia Kao, Kucoin’s managing director, has emphasized the importance of security and regulation in the digital asset space. Rapid Response to Security Breaches Helps Restore User Trust Although hacks and breaches have hindered the adoption of digital assets, Alicia Kao, Kucoin’s managing director, said the rapid response to incidents, combined with transparency in sharing information,Source link