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MicroStrategy’s stock is no longer closely tracking Bitcoin’s price, marking a potential turning point for the company’s Bitcoin-driven strategy. New competitors and market changes threaten to erode the unique financial model that has allowed MicroStrategy to accumulate Bitcoin at scale.
Ethereum's recent dip has led to widespread liquidations, with millions lost in the process. However, institutional investors are capitalizing on the market downturn, purchasing significant amounts of ETH, suggesting long-term confidence in the asset.
Share link:In this post: Wyoming launches the Frontier Stable Token (FRNT), becoming the first U.S. state to issue a blockchain-based stablecoin. FRNT is backed by US dollars and Treasuries, with reserve interest funding Wyoming’s School Foundation Fund. The token debuts across seven blockchains, supported by partners including LayerZero, Fireblocks, and Franklin Advisers.
Share link:In this post: Google’s proposal will allow Android developers to direct users to external sites for payments. It is also proposing to slash its first-year developer fee from 10% to 3% under the new program. Brussels has accused Google of unfair restrictions and could impose multibillion-euro fines.
Share link:In this post: Xpeng posts record quarterly revenue as deliveries surge despite price war. Net loss narrows to five-year low, helped by cost cuts and new models. The carmaker expects revenue to almost double in the third quarter on strong demand.
- 22:55Nvidia CEO Jensen Huang completes $1 billion stock saleJinse Finance reported that Nvidia CEO Jensen Huang has sold more than $1 billion worth of shares since June, completing a large-scale pre-planned stock sale. Friday's report showed that Huang recently sold 25,000 shares.
- 22:41Federal Reserve Governor Waller: The correct policy path now is to continue with interest rate cutsJinse Finance reported that Federal Reserve Governor Waller stated that despite the risk of a government shutdown, the Federal Reserve will still obtain a large amount of data. Monetary policy should be advanced based on data guidance. He further pointed out that all data indicate that the correct policy path at present is to continue with interest rate cuts.
- 22:02Analysts are optimistic about Strategy's long-term bitcoin strategy, expecting accelerated accumulation to resume in 2026.Jinse Finance reported that although Strategy's bitcoin accumulation slowed in the third quarter and the mNAV premium dropped to about 1.2 times, a nearly two-year low, analysts from several institutions still maintain a bullish outlook, believing that the company's long-term model of exchanging capital for bitcoin remains robust. An exchange maintained its "outperform" rating on Strategy with a target price of $586, noting that Strategy holds about 640,000 bitcoins, accounting for 3.1% of the total supply, and bitcoin's year-to-date return has reached 26%, close to the full-year target of 30%. TD Cowen believes that the B- credit rating granted by S&P will open up an institutional capital channel of about $4.9 trillion for the company, potentially tripling its financing capacity, and expects capital activity to rebound in 2026. Benchmark regards the premium compression as a cyclical adjustment, maintains a target price of $705, and states that the company still has long-term potential to attract institutional funds.