Renowned Short-Seller James Chanos Closes Short Against Strategy as Bitcoin Premium Narrows
Short-seller James Chanos has closed his short position against Strategy after the firm’s premium over its bitcoin holdings shrank, validating his bearish thesis. James Chanos Takes Profit on Strategy Short After Price Compression James Chanos, founder of Kynikos...
Cryptoquant Warns Bitcoin’s 365-Day Average Break Could Spark Deeper Correction
Bitcoin has fallen below the $100,000 threshold for the first time in months, and data published by Cryptoquant researchers suggest the move may echo signals that preceded the 2022 bear market. Bitcoin’s Price Action Mirrors 2022 Bear Market Setup, Cryptoquant...
Stablecoin Shake-Up: $1.9B Drop Hits Market as XUSD and USDX Break Peg
The stablecoin sector finally hit a speed bump this week, trimming $1.925 billion from its market cap after a long winning streak. Leading the cutback was Ethena’s USDe, which slipped 7.91%. To make matters spicier, two stablecoins also lost their dollar composure,...
Countdown begins for XRP spot ETF as 21Shares files amended prospectus
21Shares triggers 20-day countdown for potential SEC approval of spot XRP ETF. Canary Capital’s XRP ETF also enters countdown window, may trade under ticker XRPC. Ripple gains momentum with new partnerships and RLUSD stablecoin milestone. The countdown for a potential...Interesting 13
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