South Korean Crypto Exchange Accidentally Gave Away $43 Billion in Bitcoinhttps://t.co/uOqpqAw4qj ...

Core Insights - The price of Bitcoin (BTC) has stabilized after a significant drop, impacting companies like Strategy, BitMine, and Coinbase positively [1][3] Group 1: Strategy (MSTR) - Strategy's stock price increased by 22% to $131, despite holding 713,502 BTC acquired at an average price of $76,047, putting the company underwater on its BTC holdings [2][4] - MSTR reported a substantial Q4 loss of $12.4 billion, with co-founder Michael Saylor emphasizing the company's commitment to Bitcoin and digital credit [4] - Analysts have reduced their price forecasts for MSTR significantly, with Canacord Genuity lowering it by 60% to $185 and BTIG cutting it to $250, while maintaining buy ratings due to potential upside [5] Group 2: BitMine (BMNR) - BitMine's share price rose by 15% to approximately $20, with a treasury of 4,285,125 ETH valued at about $8.7 billion, despite an unrealized loss of $7.5 billion [6] - The company has staked $6.7 billion worth of ETH and anticipates earning over $1 million per day in rewards once fully staked [6] Group 3: Coinbase - Coinbase's stock price increased by 10% to $161, benefiting from market volatility that drives higher trading volumes, which is favorable for its financial performance [7]

South Korean Crypto Exchange Accidentally Gave Away $95 Billion in Bitcoinhttps://t.co/uOqpqAw4qj ...

Bithumb, South Korea’s second-largest crypto exchange, said an internal error during an event payout led to some users receiving an abnormal amount of Bitcoin, triggering brief price volatility after partial selling. Bithumb quickly restricted affected accounts, restored prices within five minutes, and confirmed no hacking or security breach, with trading and withdrawals operating normally. https://t.co/wjEe5pEkN4 ...

Core Insights - Gemini is shutting down operations in the UK, EU, and Australia, and reducing its workforce by 25% to cut operating expenses and focus on profitability [1][3] - The company aims to concentrate on prediction markets, which it believes have significant growth potential [5] Company Operations - Gemini, founded in 2015, expanded to over 60 countries but faced challenges in foreign markets, leading to a decision to streamline operations [2] - The closure of accounts in the affected regions will occur over the next two months, with all accounts closing by April 6 [2] Workforce Reduction - The company is reducing its headcount by 25% to enhance efficiency, particularly by leveraging artificial intelligence [3] Prediction Market Focus - Gemini received a CFTC license in December to launch a prediction market platform in the U.S., attracting over 10,000 users and generating $24 million in trading volume [4] - The founders believe prediction markets could rival or surpass traditional capital markets in size and opportunity [5] Market Reaction - Following the announcement, Gemini's shares fell over 7.5%, trading at $6.77, significantly lower than the IPO price of $28 [5]

Convicted sex offender Jeffrey Epstein made an early investment in crypto exchange Coinbase Global, years after he was first charged and imprisoned by US authorities https://t.co/6jUP4Uz1Pk ...

A new special purpose acquisition vehicle (SPAC) tied to crypto exchange Kraken completed its IPO, raising $345 million. https://t.co/FAaTkIV1C9 ...

Blank Check Firm Linked to Crypto Exchange Kraken Raises $345 Million in Upsized IPOhttps://t.co/PeXBJGMxdz ...

Binance announced it will convert its $1 billion SAFU fund from stablecoins to Bitcoin reserves within 30 days, responding to mounting community criticism that intensified after prominent Wall Street investor Cathie Wood publicly attributed recent market weakness to a Binance-related deleveraging event. The exchange pledged to maintain the fund’s value at $1 billion through regular rebalancing, replenishing it with additional Bitcoin if price fluctuations push the fund below $800 million. The move comes ...

RT Ous (@DangaWrites)Crypto exchange @Bybit_Official to launch IBAN accounts next month, CEO @benbybit confirms U.S. listing plans in focus. 🏦Zhou said the feature will support transfers across 18 currencies via a partnership with Georgia-licensed Pave Bank. ...