Coinbase

Coinbase

Bitcoin bet made on ‘pussy terms’ is about to make both parties bank

Peter McCormack looks set to pocket $20,000 thanks to a bitcoin bet made on “pussy terms” with Simplify Asset Management’s Michael Green. Source link

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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. Source link

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The math behind MicroStrategy’s bitcoin bet

Bitcoin and MicroStrategy are both rallying with win-win math for bondholders and shareholders. Of course, the party can’t last forever. Source link

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World Network wants $100 deposit from users to work its orbs

World Network — previously Worldcoin — is offering anybody willing to pay $100 the chance to operate one of its eye-scanning orbs. Source link

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MicroStrategy down 16% after short-seller’s report

Andrew Left tweeted negatively about MicroStrategy 13 minutes into Thursday’s trading session. Within 90 minutes, the stock had declined 16%. Source link

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Polymarket bans French users but still can’t stop VPNs

A reporter used a VPN to bypass Polymarket’s French ban that was put in place after one gambler made $85M betting on the US election. Source link

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Shock! Two thirds of memecoins now ‘worthless’ says new research

New research corroborates earlier findings that the vast majority of memecoins crash after their initial promotion and never recover. Source link

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Pump Fun livestreams spark backlash from disgusted traders

Controversial Pump Fun content, including gunplay and animal beheadings, has led many users to call for the end of its livestream feature. Source link

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Justin Sun’s HTX redeems $500M in WBTC it wasn’t supposed to have

Justin Sun-advised HTX recently redeemed approximately $500 million worth of WBTC, despite having no WBTC on its proof-of-reserves. Source link

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Coinbase

Michael Saylor buys 55,500 more BTC, average price nears $57,000

In the 1980s, a single family manipulated the price of silver. Critics think that situation is similar to MicroStrategy and bitcoin. Source link

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