🚨CIRCLE SHARES FALL AS OUSD POSE A THREAT TO USDC
Circle shares fell sharply after Open Standard launched OUSD, a stablecoin backed by more than 140 firms including Stripe, Coinbase, Visa, Mastercard and BlackRock.
Unlike USDC, OUSD would share reserve yield with partners, directly challenging Circle’s core economics.
Dragonfly’s Rob Hadick says the OUSD's partner names suggest a “real threat” to Circle’s business.
solana:2zMMhcVQEXDtdE6vsFS7S7D5oUodfJHE8vd1gnBouauv
6 months of basing on declining volume, double bottom, looks a lot like accumulation
most memes have 0 moat, pengu got their IP + brand which receives billions of views like clockwork
if/when SOL marks up, hard to see pengu not following along
🚨BREAKING: STRATEGY AUTHORIZES UP TO $1.25 BILLION IN BITCOIN SALES
Strategy has authorized a “BTC Monetization Program” that allows it to sell Bitcoin to fund its $2.55 BILLION USD Reserve and cover preferred stock dividends.
The company also authorized $1 BILLION buyback programs for both its preferred securities and MSTR common stock.
Saylor says Strategy “remains committed to Bitcoin as its primary treasury reserve asset.”
🔥ROBERT KIYOSAKI: “I WAS WRONG” AS GOLD CRASHED, BUT STILL SEES $35K
Kiyosaki says gold is still crashing, but he still sees $35,000 in about 5 years.
He argues, “all markets go up and down,” adding that profits are made when you buy, not when you sell.
In July 2024, he predicted gold would rise from $2.4k to $3.3k by August 2025, a call that later proved directionally right.
🔥GRAYSCALE: STRATEGY SHOULD SELL $3 BILLION IN BTC
Grayscale’s Zach Pandl said Strategy should SELL at least $3 BILLION in $BTC could cover most of its cash obligations for the next two years and restore market confidence.
Strategy now faces around $1.2 BILLION in annual preferred dividend obligations, while $STRC trades nearly 29% below par.
Ansem being very bullish on Solana & solana memecoins
Have affirmed my belief that Solana will trade below $30 within the next few months
Just do the opposite of whatever that dude does or says.
🚨BRUTAL: BITCOIN ETFS POST THEIR WORST WEEKLY OUTFLOW EVER
A record $1.79 BILLION exited U.S. spot Bitcoin ETFs this week, with BlackRock's IBIT alone accounting for $1.3B of the outflows.
coinbase spot BTC has traded at a discount to offshore exchanges for 51 consecutive days, longest streak on record. last two times this happened: march 2021 before the 50% may crash, november 2021 before the bear market. this time it's running alongside $12b in IBIT outflows over 7 weeks and MicroStrategy selling BTC for the first time since 2022 to cover preferred stock dividends. MSTR down 82% from ATH sitting on $14b+ unrealized losses across 846,842 BTC. the biggest corporate accumulator turned seller. meanwhile power-law quantile hit 6.2%, a level only touched in 2015, 2020, and 2023 cycle lows. exchange reserves at 2.709m BTC, 7-year low. 16.6m BTC held by long-term holders, 79% underwater, refusing to sell. one side of this breaks in Q3
🔥SAYLOR COULD BE A “BIGGER VILLAIN” THAN SBF
Peter Schiff says the collapse of Strategy would have far BIGGER consequences for Bitcoin and crypto than the collapse of FTX.
He claims Michael Saylor could soon be viewed as an even BIGGER VILLAIN than Sam Bankman-Fried.
🔥 CZ: BITCOIN SHOULD FREEZE SATOSHI'S COINS IF THEY DON'T MOVE WITHIN A YEAR
CZ suggests the Bitcoin community should give Satoshi a 12-month window to move his coins before a quantum upgrade, and freeze them permanently if they don't move.
"On the new protocol, there will be like only 20 million coins because we're just going to lock them."
He warned that doing nothing means "we're basically giving to somebody who's going to hack it" once quantum computing catches up.