Changpeng Zhao Predicts China’s Inevitable Move to Establish a Bitcoin Reserve
Former Binance CEO Changpeng “CZ” Zhao suggested that China might eventually establish a strategic Bitcoin reserve, potentially following the lead of the incoming United States presidential administration. Speaking at the Bitcoin MENA conference in Abu Dhabi on Dec. 9, Zhao predicted that smaller countries would likely adopt Bitcoin reserves first, but emphasized that China’s approach […]
MicroStrategy Adds 21.5K Bitcoin Amid Record-High Prices
MicroStrategy, a major corporate Bitcoin investor, continues to amass BTC despite the cryptocurrency reaching unprecedented highs, surpassing $100,000. Between December 2 and December 8, MicroStrategy added 21,550 BTC to its reserves, investing $2.1 billion at an average price of $98,783 per Bitcoin, as revealed in a December 9 announcement. By December 8, the company’s Bitcoin […]
Bitcoin Surge Predicted to Persist Through 2025 — Analyst
Bitcoin has achieved a significant milestone, surpassing the $100,000 mark for the first time on Dec. 6, marking a historic moment in the cryptocurrency’s journey. This remarkable rise comes despite lackluster performance across traditional markets. Over the past month, Bitcoin’s value climbed by 32%, contrasting sharply with declines in other key assets such as oil, […]
El Salvador’s Bitcoin Profits Exceed $300M — President
Salvadoran President Nayib Bukele recently took to social media to highlight the country’s substantial unrealized profits from its Bitcoin holdings after the cryptocurrency hit an unprecedented milestone of $100,000. On December 5, Bitcoin broke past the $100,000 mark for the first time, setting off celebrations across the global crypto community. That day, a popular crypto-focused […]
National Center for Public Policy Research Suggests BTC Treasury Strategy for Amazon
The National Center for Public Policy Research, a free-market think tank based in Washington, D.C., has submitted a proposal to Amazon urging the company to consider incorporating Bitcoin into its corporate treasury. This suggestion is slated for discussion during Amazon’s shareholder meeting in April 2025. In the proposal, the think tank criticized the Consumer Price […]
Possible Charges Haliey Welch May Face if SEC Investigates HAWK Launch
Influencer Haliey Welch’s launch of the Hawk Tuah (HAWK) memecoin faced heavy scrutiny after it plunged 91% in just three hours, with allegations of insider trading, sniping, and fee extortion. Welch denied these claims, but if the SEC or Department of Justice (DOJ) investigate, she and her team could face serious legal consequences. If the […]
SEC Expected to Deny Applications for Spot Solana ETFs — Report
The U.S. Securities and Exchange Commission (SEC) is poised to reject several applications for spot Solana exchange-traded funds (ETFs), according to reports. Fox News reporter Eleanor Terrett shared that the SEC has already informed at least two of the five companies seeking approval for Solana ETFs. Terrett mentioned on December 6 that the prevailing sentiment […]
US Bitcoin ETFs Surpass Satoshi Nakamoto’s BTC Holdings
In a historic achievement, the United States’ spot Bitcoin exchange-traded funds (ETFs) have now amassed more Bitcoin than the cryptocurrency’s mysterious creator, Satoshi Nakamoto. Since the launch of spot Bitcoin ETFs in January 2023, these funds have surpassed 1.1 million BTC for the first time. Bloomberg’s ETF expert, Eric Balchunas, shared the milestone on December […]
Financial Times Publishes ‘Apology’ to Bitcoiners After 13 Years of Criticism
The Financial Times’ “apology” via its Alphaville section has ignited a firestorm within the crypto community, primarily because of its sarcastic tone and continued skepticism toward Bitcoin despite its historic rise to $100,000. Bryce Elder’s op-ed, published on the milestone day, highlights the publication’s consistent crypto cynicism, even as Bitcoin’s price has skyrocketed since FT […]
MicroStrategy’s Bitcoin Investments Yield $17B in Profit
MicroStrategy (MSTR) has reaped over $17 billion in unrealized profits from its massive Bitcoin acquisitions, according to data from MSTR Tracker. Originally focused on software, the company transitioned into a high-profile Bitcoin investor under founder Michael Saylor’s unconventional approach to corporate treasury management. Since 2020, MicroStrategy has accumulated more than $23 billion worth of BTC, […]