Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Bitcoin critic Peter Schiff has renewed his criticism of Michael Saylor after the Strategy (NASDAQ:MSTR) executive outlined his aggressive plan to buy as much Bitcoin (CRYPTO: BTC) as possible and convert it into BTC-backed digital credit. What Happened: Speaking at the Bitcoin MENA 2025 conference, Saylor argued that "Bitcoin is digital capital," a form of pristine collateral now effectively endorsed by t ...

Funding & Investment - Strategy's €100 euro STRE offering doubles initial target to $715 million [1] - Extends bitcoin funding pipeline [1]

Market Trends & Cryptocurrency Performance - Crypto majors experienced a decline of 3-8%, with Bitcoin (BTC) at $104,000, Ethereum (ETH) at $3,520, Binance Coin (BNB) at $955, and Solana (SOL) at $162 [1] - DCR (+111%), DASH (+50%) and ICP (+30%) led top movers [1] - Memecoins showed significant losses, including DOGE (-5%), SHIB (-5%), PEPE (-6%), PENGU (-9%), BONK (-9%), TRUMP (-7%), SPX (-17%), and FARTCOIN (-18%) [2] - Jelly Jelly (+77% to $195 million) led Solana movers [2] - Crypto Fear & Greed Index entered Extreme Fear [1] Security Incidents & Protocol Halts - Balancer was exploited for approximately $128 million [1] - Berachain halted its blockchain due to cascading pool drains related to the Balancer hack [1] - Stream Finance paused withdrawals after acknowledging a $93 million loss [2] Corporate & Regulatory Actions - Ripple launched prime brokerage services for digital assets in the US [1] - Strategy plans to issue 35 million shares of 10% Series A Perpetual Stream Preferred Stock ($STRE), with proceeds earmarked for Bitcoin purchases [1] - US prosecutors are seeking the maximum 5-year sentence against Samurai Wallet founders [1] - Nasdaq reprimanded TON Strategy for its $558 million stock-for-crypto raise lacking shareholder approval [1] Investment Products & Fund Flows - Bitcoin ETFs saw $1855 million in net outflows, while ETH ETFs experienced $1357 million in outflows [1] - Solana Bitwise ETFs saw $70 million in net inflows despite SOL's 8% price decrease [1] - MegaETH will refund $13 billion over the next 2 days coming out of its ICO oversubscription [2] Company Treasury Updates - Strategy added 397 BTC last week (approximately $456 million), bringing its treasury to approximately 641,205 BTC [1] - BitMine bought 82,353 ETH last week (approximately $294 million) [1]

Core Insights - The Crypto Fear & Greed Index has dropped to "Extreme Fear" territory with a score around 21, indicating a significant shift in market sentiment from "Greed" levels just a month ago and neutral ratings a few days prior [2][4]. - Long-term Bitcoin holders sold approximately $40 billion worth of Bitcoin in October, totaling around 405,000 BTC, contributing to the current market sentiment [3][7]. - Elevated volatility and collapsing volume/momentum are observed, with Bitcoin dominance increasing as investors move funds from altcoins to Bitcoin [6]. Market Sentiment - The current "Extreme Fear" level suggests that investors are overly worried, which could present a potential buying opportunity [4]. - Historical trends indicate that deep dips into fear can precede market recoveries, provided other factors align, signaling a "buy the fear" opportunity [7]. Market Dynamics - The market has seen a 3-8% decline in major cryptocurrencies, with Bitcoin trading around $104,500 [5]. - The outflow of $40 billion from long-term holders has occurred with only about $4 billion in ETF and DAT buy pressure to counterbalance it, yet Bitcoin has maintained a level around $107,000 [7]. Liquidity and Risk Factors - Extreme fear often leads to liquidity stress, including liquidations and forced selling, as seen in previous market downturns [8]. - The narrative surrounding the market has shifted from "institutional adoption" and "ETF expansion" to themes of "survival, consolidation, and risk management" [8].

🔥 LATEST: Strategy launches $STRE, its first Euro-denominated perpetual preferred stock offering 3.5M shares at €100 each with 10% annual dividends, with proceeds going toward Bitcoin acquisition. https://t.co/fAJrZwDaUu ...