@MicroStrategy’s Michael Saylor signals a resumption of Bitcoin purchases after a three-week pause, hinting at an announcement on Monday. The firm sold 32 BTC recently but remains the largest corporate holder with 843,706 BTC. #Update #Crypto $BTC
US nonfarm payrolls estimated at 85K signal cooling job growth, while unemployment remains at 4.3%. This slowdown may heighten expectations for a Fed rate cut and impact $BTC. #Update #Crypto $BTC
@Revolut is set for a secondary share sale aiming for a $115 billion valuation, allowing early investors to liquidate shares. An IPO isn’t expected until 2028. #Update #Crypto $BTC
Michael Saylor’s post refocuses attention on @MicroStrategy’s bitcoin strategy after a rare sale. The company holds 843,706 BTC, valued near $52.2 billion. #Update #Crypto $BTC
@Abra’s Bill Barhydt announces plans for a public listing via SPAC, valuing the company at $750M, with a focus on tokenization and crypto banking services. #Update #Crypto $BTC $ETH
Bitcoin ($BTC) faces potential further losses as realized losses of $174B remain below the 2022 record of $211B, indicating a possible need for additional capitulation before a market bottom is reached. #Update #Crypto $BTC
This week, @MicroStrategy executives sold over $15 million in MSTR stock, raising insider selling concerns. SEC filings clarify the sales were for tax obligations, not insider trading. #Update #Crypto $BTC
Bitcoin ($BTC) risks further losses as realized losses of $174B in 2023 remain $35B below the 2022 record, suggesting potential capitulation may be needed for a market bottom. #Update #Crypto $BTC
James Wo, CEO of DFG, predicts Bitcoin’s market bottom at $60K-$62K before reaching new highs, while expressing skepticism about Ethereum hitting $250K. He remains optimistic about Bitcoin outperforming major stock markets. #Update #Crypto $BTC
Bitcoin’s RSI-14 at 24 signals oversold conditions as 13 of 15 moving averages indicate a bearish trend; BTC must close above $63,000 to challenge the downtrend. #Update #Crypto $BTC
Bitcoin drops 26.8% since May 15, entering an extreme undervaluation zone per Power Law model; trading at $61,592 with market fear high. #Update #Crypto $BTC
Anthropic’s Claude Opus 4.8 excels in coding and math but struggles with creative writing, consuming excessive tokens, making it costly for large projects without a Max plan. #Update #Tech
@JoeLubin defends Ethereum Foundation’s recent budget cuts and staff departures as necessary for evolution, emphasizing a focus on protocol stewardship amid competition from AI #Update #Crypto $ETH
A New York court has scheduled a July 14 hearing for a lawsuit seeking control of 39,069 dormant Bitcoin wallets, potentially linked to Satoshi Nakamoto, valued at $226 billion. #Update #Legal $BTC
