Bitcoin

Normally, a $21 billion equity offering by a company only worth just over double that amount would tank the issuer’s stock price. But the economics around corporate America’s biggest bitcoin bull are different.

Crypto-linked stocks such as MicroStrategy, Coinbase, Robinhood and bitcoin miners MARA, RIOT also suffered sizable declines.

The goal of allowing greater utility on the Bitcoin blockchain is one of almost existential importance, according to Citrea.

The latest price moves in crypto markets in context for Oct. 31, 2024.

BlackRock CEO Larry Fink appearing on CNBC means more to QCP’s founder and chief investment officer rather than presidential candidates promoting crypto

The company reported its third quarter earnings results after the close of trading on Wednesday afternoon.

In this week’s issue of The Protocol, our newsletter on blockchain tech, we’re covering the Optimism’s $42.5M token pledge to Kraken, crypto VC funding, grants for Bitcoin open-source developers, and Polymarket’s (negligible) impact on Polygon’s bottom line.

BOB’s aim is to create bridges between itself and layer-1 blockchains like Ethereum, with the ultimate goal of making Bitcoin the center of DeFi.

The latest price moves in crypto markets in context for Oct. 30, 2024.

Over-the-counter desks hold 416,000 bitcoin valued around $30 billion, a level that has remained stagnant for the past month.