Strategy earnings puts tiny STRC front and center
Strategy released its Q3 earnings yesterday, spending vast amounts of time on its newest, (and relatively small) preferred stock, STRC.
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Billion-dollar scammer Chen Zhi arrested in Cambodia, extradited to China
Chen Zhi is head of the Prince Group and had previously laundered around $15B in BTC, revealed to have been seized in October.
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CHART: Every crypto sponsor in this year’s Premier League
The number of Premier League football teams entering into partnerships with crypto sponsors fell this year from 14 to 13.
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Strategy’s bitcoin premium vanishes as mNAV crashes to 1x
The colloquial metric of investor confidence in Strategy, its multiple-to-Net Asset Value or mNAV, has fallen to 1x its BTC holdings.
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Balancer exploit drains $129M in DeFi disaster •
The exploit, which hit Balancer’s v2 liquidity pools on multiple blockchains, reportedly affected projects that “forked” the exchange’s code.
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Hyperliquid unlocks 12M HYPE tokens, dilutes holders by $330M
A token unlock for Core Contributors increased the supply of Hyperliquid by 5.5% overnight, diluting all other investors.
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Venezuela-focused neobank Kontigo pays back users after $340K USDC hack
Kontigo, which allows Latin American users to dodge inflation by using “digital dollars” has been forced to reimburse over 1,000 accounts.
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Bitcoin mining industry mostly uninterested in spam controversy
While many Bitcoiners have gone to war over the use of node-level “spam” filters, those in BTC mining have stayed in their lanes,...
‘Crypto President’ Donald Trump sort of knows CZ, but he doesn’t get crypto
Trump claims he has a vague understanding of who CZ is but he doesn’t know, or even care, about the charges against him...
Strategy diluted MSTR by $54M but only bought $46M of bitcoin
Strategy diluted shareholders by $69.5M but bought $45.6M of BTC. These 183,501 extra shares accreted less than the proceeds to its treasury.
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