Bitcoin's Spent Output Profit Ratio (SOPR) is currently above 1, indicating that investors are selling at a profit. This could potentially lead to a short-term recovery in Bitcoin's price, according to a CryptoQuant analyst. The analyst also noted that the longevity of the SOPR's current position is similar to the conditions in 2017 and 2019, which led to Bitcoin's previous all-time highs. Meanwhile, the Estimated Leverage Ratio (ELR) has been rising, indicating that investors are taking big bets on Bitcoin's derivative traders despite the current market environment.
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Bitcoin's SOPR Could Repeat History, Helping Investors Stay Profitable
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Strive Launches $450 Million Public Offering to Further Increase Bitcoin Holdings
Bitcoin treasury company Strive (Nasdaq code ASST) announced the launch of a $450 million public offering plan to increase its Bitcoin holdings and raise the proportion of Bitcoin per share. This issuance is part of the company's total $950 million capital initiative, which also includes a $500 million stock buyback plan to enhance balance sheet flexibility. Strive currently holds 69 Bitcoins, worth approximately $7.9 million, and can raise an additional $750 million in the next 12 months through warrants. The company stated that it will issue preferred shares through a registration structure to purchase additional Bitcoins, increasing shareholder exposure to Bitcoin and enhancing shareholder value. -
Coinbase CEO clarifies: No clear plans for Base network tokens at this time
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Base Network Considers Issuing Tokens
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Google's stock price rose by more than 3%, setting a new record high, and its total market value exceeded US$3 trillion for the first time.
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U.S. stock market opened, with the Dow rising 0.03%, the S&P 500 rising 0.34%, and the Nasdaq rising 0.45%. Tesla (TSLA.O) rose 6.74%, with Musk investing about $1 billion to buy over 2.5 million shares of the company's stock last Friday. Nvidia (NVDA.O) fell 1.32%, while Oracle (ORCL.N) rose 4.12%. -
Reliance Global establishes digital asset treasury strategy, with initial investment of $60 million to purchase BTC, ETH, etc.
Nasdaq-listed company Reliance Global Group announced that its board of directors has approved a strategic expansion into the digital asset and blockchain fields, and is establishing a digital asset treasury that includes portfolios of BTC, ETH, and SOL. The company plans to purchase up to $60 million worth of digital assets in the first phase, followed by another $60 million, totaling up to $120 million. These assets will be managed by its newly formed cryptocurrency advisory committee. -
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Ethereum Foundation has established an artificial intelligence team "dAI", led by Davide Crapis, aiming to collaborate with Silicon Valley giants and cryptocurrency developers to build Ethereum as the foundational layer of the artificial intelligence ecosystem. The team will initially have two additional full-time positions, and the Ethereum Foundation is currently recruiting. It is reported that in the short term, the team will focus on implementing proposals such as ERC-8004, which will create a standard for AI agents to seamlessly discover, verify, and transact throughout the Ethereum ecosystem. -
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The first #Bitcoin whitepaper draft written by Satoshi Nakamoto 16 years ago.
Title: Electronic Cash Without a Trusted Third Party
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