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The US Bitcoin reserve proposal aims to legitimize BTC as a state-backed asset, sparking global debate on its risks and transformative potential.
As Dogecoin's trading volume shrinks, analysts worry about the sustainability of its 300% YTD growth, especially with DOGE struggling to break past $0.48.
Messari predicts that Solana will continue to lead its rivals in several important areas, helping to boost SOL's price over time.
Pudgy Penguins has officially launched its PENGU token on the Solana blockchain, with burning set up in 88 days.
Metaplanet's stock price surged 51% after announcing plans to issue 4.5 billion yen in bonds to fund additional Bitcoin purchases.
- 17:06Peter Schiff: Someone has already created USAcoin, but I do not recommend buying itGold advocate Peter Schiff posted on the X platform saying: "Someone has actually created USAcoin, my previous post was ironic, so don't buy USAcoin. But the previous view was that if the U.S. government created a similar token and committed to establishing strategic USA coin reserves, it would make more sense than storing Bitcoin, this part is not a joke." Earlier news reported that Peter Schiff tweeted that the United States could save a lot of money by creating USA Coin instead of creating Bitcoin strategic reserves. Like Bitcoin, its supply cap can reach 21 million, but only after upgrading blockchain can USA coin truly be used for payment.
- 17:04Analysis: MicroStrategy's valuation has dropped to twice the market value of its BTC holdings, and its stock price may face a downward trendAccording to Barron's, the Bitcoin premium of MicroStrategy's stock (measured by the ratio of enterprise value - i.e., market capitalization plus net debt - to the company's holdings in Bitcoin) continues to shrink. The company is currently valued at about twice its Bitcoin holdings, which are approximately 439,000 Bitcoins (estimated by Barron's). This ratio has dropped from a peak of 3.5 times in November to the current double, indicating that MicroStrategy's share price has not been able to keep up with the recent surge and subsequent correction in Bitcoin prices after breaking through $100,000. Given that there is still a high bitcoin premium in stocks, MicroStrategy shares may face more downside space. Currently, MicroStrategy has a market capitalization of about $79 billion USD; it holds around $43 billion USD worth of bitcoins and carries $7 billion USD in debt. An excessively high premium could make MicroStrategy shares prone to corrections as premiums continue shrinking.
- 17:03BTC breaks through 96,000 US dollarsBitget market data shows that BTC has broken through $96,000, currently reported at $96,044.43, with a 24-hour drop of 1.4%.