SBI said the purchase of the crypto exchange is set to close in October.
The real estate investor pitched his model as a treasury company backed by cash-flowing property rather than stock sales, framing the slide in bitcoin as a chance to accumulate.
Strategy’s paper loss exceeds the market caps of hundreds of tokens, highlighting the extreme concentration of risk in the crypto market right now.
Bitcoin slipped near $58,000 before recovering, and CF Benchmarks says the $50,000 to $60,000 zone is where buyers have always stepped in.
BTC sees a relief bounce as Asian stocks wilt following sharp losses on Wall Street.
The $2.5 trillion asset manager deepens its blockchain push after taking over Superstate’s tokenized money market fund as fund manager earlier this year.
The incident temporarily halted transaction processing on one of Ethereum’s largest layer-2 networks.
Micron Technology surged after blockbuster earnings and strong guidance, lifting AI memory stocks.
The popular max pain theory isn’t working out as bitcoin trades far from the $72K level a day ahead of a $10 billion quarterly options settlement.
A liquidation flush took bitcoin to its lowest since early June before Micron’s blowout earnings and SK Hynix’s U.S. listing plans steadied the AI trade that crypto had been sliding alongside.
The token fell from nearly $3 to about $0.50 in hours, wiping out close to $3 billion in market value, with no exploit or announcement to explain it. Onchain investigator ZachXBT warned in April that M’s price had been propped up by insiders.
Japan’s financial regulator cleared the U.S. dollar-backed token as a new category of payment instrument, letting SBI VC Trade offer it to institutions and retail. RLUSD remains small, at about $1.7 billion.