Conversations about Bitcoin’s price drop should include the impact of crypto treasury companies, which have contributed to the decline, argues Omid Malekan, a blockchain author and adjunct professor at Columbia Business School. “Any analysis of why crypto prices continue to fall needs to include DATs [digital asset treasuries],” Malekan said in an X post on…
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Columbia Business School adjunct professor Omid Malekan claimed there are a few crypto buying companies that tried to “create sustainable value. But I can count them on one hand.” Source link
Crypto analyst Willy Woo says it would need to be “one hell of a sustained bear market” to force Strategy to liquidate any of its Bitcoin. Source link
Michael Saylor’s Strategy (MSTR) won’t have to sell off part of its Bitcoin stash to cover its debt in the next significant crypto market downturn, according to Bitcoin analyst Willy Woo. “MSTR liquidation in the next bear market? I doubt it,” Willy Woo said in an X post on Wednesday. Strategy’s debt consists mainly of…
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White House press secretary Karoline Leavitt says Donald Trump’s pardon of Binance founder went through a “thorough review process” before the president signed it off. Source link
The White House carefully considered Binance founder Changpeng Zhao’s pardon and went through the standard processes before sending it to President Donald Trump for his approval, says White House press secretary Karoline Leavitt. Trump defended the pardon in an interview with CBS News’ 60 Minutes on Sunday, saying he had “no idea” who Zhao is…
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Zohran Mamdani has won the New York City mayor’s race, and the city’s crypto industry is waiting to see how his administration will affect business. Source link
Zohran Mamdani has won the New York City mayoral election after a long campaign. Over the past year, the city’s crypto industry has been watching closely to see what a Mamdani mayorship could mean for the blockchain space. The Associated Press called the race in favor of Mamdani on Wednesday. He beat out former Governor…
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Canada is set to introduce legislation regulating fiat-backed stablecoins under its federal budget for 2025, following the footsteps of the US, which passed landmark stablecoin laws in July. Stablecoin issuers will be required to hold sufficient reserves, establish redemption policies and implement various risk management frameworks, including measures to protect personal and financial data, according…
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Canada’s government unveiled a plan to regulate stablecoins, requiring fiat-backed issuers to maintain sufficient reserves and adopt robust risk management measures. Source link