Bitcoin ETF Fever Drives MicroStrategy’s Stock Price Up by 350% in 2023

Key Takeaways MicroStrategy’s stock has surged by 350% in 2023, primarily due to expectations of a Bitcoin ETF approval; The company holds a substantial amount of Bitcoin, making its stock akin to a leveraged Bitcoin ETF; MicroStrategy’s financing strategy includes low-interest debt and share issuance, positioning Bitcoin as a hedge against fiat currency devaluation.

Bitcoin Tensions Rise as Ordinals.com Falls Victim to DDoS Attack

Key Takeaways Ordinals.com faces persistent disruptions due to a distributed denial of service (DDoS) attack, impacting its accessibility; Critics find irony in the attack, given allegations that Ordinals inscriptions have spammed the Bitcoin network, sparking debates within the Bitcoin community; The incident highlights the ongoing tensions surrounding Ordinals and their impact on Bitcoin, with …

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Bitcoin Tensions Rise as Ordinals.com Falls Victim to DDoS Attack

Key Takeaways Ordinals.com faces persistent disruptions due to a distributed denial of service (DDoS) attack, impacting its accessibility; Critics find irony in the attack, given allegations that Ordinals inscriptions have spammed the Bitcoin network, sparking debates within the Bitcoin community; The incident highlights the ongoing tensions surrounding Ordinals and their impact on Bitcoin, with …

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ARK Invest Takes the Lead in Bitcoin ETF Amendment Race

Key Takeaways ARK Invest and 21Shares lead the race by submitting their final amendments for a Bitcoin ETF ahead of the SEC’s December 29 deadline; The SEC set the deadline during meetings with representatives from various firms, emphasizing the importance of timely filings to be part of the initial wave of potential approvals; More …

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ARK Invest Takes the Lead in Bitcoin ETF Amendment Race

Key Takeaways ARK Invest and 21Shares lead the race by submitting their final amendments for a Bitcoin ETF ahead of the SEC’s December 29 deadline; The SEC set the deadline during meetings with representatives from various firms, emphasizing the importance of timely filings to be part of the initial wave of potential approvals; More …

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PancakeSwap Seeks to Slice CAKE Token Supply: A Billion-Dollar Move

Key Takeaways PancakeSwap is proposing a reduction in its CAKE token supply from 750 million to 450 million tokens. The proposal aims to align CAKE’s total supply with its current circulating supply, enhancing deflationary dynamics; PancakeSwap seeks to pivot away from a hyperinflationary model towards ultrasound CAKE and clearer growth targets.