Author: Kryptonews

Strategy, the largest public holder of Bitcoin, has expanded its reserves even as the premium on its stock continues to fade.The company revealed on Sept. 15 that it purchased 525 BTC for about $60.2 million, paying an average price of $114,562 per coin.The latest buy pushed Strategy’s 2025 Bitcoin yield to 25.9% and lifted its total holdings to 638,985 BTC. The stash, acquired for $47.23 billion at an average of $73,913 per coin, is now valued at $73.97 billion, giving the firm an unrealized profit of roughly 57%.Strategy said it financed its latest Bitcoin purchase through proceeds from ongoing share…

Sotheby’s has landed one of the biggest consignments announced yet for the November sales in New York: $400 million in art from the collection of Leonard Lauder, who died in July at 92. The crown jewel of the tranche of artworks is likely to be the crown jewel of the November auctions more broadly: Gustav Klimt‘s Portrait of Elisabeth Lederer (1914–16). According to the New York Times, which first reported the news, the painting is expected to more than $150 million and is thought to be one of the few full-length Klimt portraits still held privately. Related Articles The Klimt…

Crypto Finance, a subsidiary of Deutsche Börse Group, unveiled AnchorNote, a system designed for institutional clients who want to trade digital assets without moving them out of regulated custody.The system integrates BridgePort, a network of crypto exchanges and custodians, enabling off-exchange settlement and connectivity to multiple trading venues. By keeping assets in custody while allowing real-time collateral movement, AnchorNote aims to improve capital efficiency and reduce counterparty risk, according to a press release.The service allows clients to set up dedicated trading lines, with BridgePort handling messaging between venues and Crypto Finance acting as collateral custodian, the press release said. Institutions…

Ethena said it expects to activate the ENA fee switch, pending final implementation approval by its Risk Committee and a tokenholder vote, after the pre-set parameters were met.Those parameters, agreed in late 2024, require USDe supply above 6 billion, lifetime protocol revenue above 250 million, and USDe integration on four of the top five centralized derivatives venues.The Foundation plans to publish implementation details before submitting a framework to ENA holders for confirmation via vote, per the group’s official communications.Thresholds track core protocol economics.USDe revenue is driven by futures funding and basis, while sUSDe distributes part of that to holders. In…

It’s a risk-on environment, with stocks leading major cryptocurrencies higher, but Wall Street’s fear gauge, the VIX, is stirring up some nerves.On Monday, Wall Street’s benchmark index, the S&P 500, set a record high for the fourth consecutive trading day, reaching 6,519 points. The tech-heavy Nasdaq index also hit lifetime highs, and the Dow Jones traded near the peak recorded on Thursday.Equities rose, disregarding the bearish September manufacturing survey, as bond yields fell in anticipation of a 25-basis-point Fed rate cut on Wednesday. According to the Fed funds futures, traders expect rates to drop to 3% from the present 4.25%…

Market watchdogs in France, Austria and Italy want the European Union to tighten its approach to crypto regulation, warning that uneven enforcement of the bloc’s landmark MiCA legislation could leave investors exposed to risks that aren’t covered by the rules.In a joint statement, France’s Autorité des Marchés Financiers (AMF), Austria’s Finanzmarktaufsichtsbehörde (FMA) and Italy’s Consob said the first months of MiCA’s rollout revealed “major differences” in how national supervisors apply the law. Without changes, they argued, firms may shop around for lenient jurisdictions, undermining both investor protection and Europe’s competitiveness in digital assets.The regulators set out four proposals. Chief among…

“With 95% of total supply soon to be in circulation, the market may be shifting from an era of abundance to one defined by scarcity,” wrote Fidelity Digital Assets researcher Zack Wainwright in a report released on Monday. The report identified two cohorts that defined the threshold of illiquid supply. These were entities with Bitcoin that last moved seven or more years ago, and public companies holding at least 1,000 BTC. “We estimate that this combined group will hold over six million Bitcoin by the end of 2025 — or over 28% of the 21 million Bitcoin that will ever…

The United Nations Development Programme is set to launch a “Government Blockchain Academy” to teach the public sector about crypto and other emerging tech.The agency said on Monday that it would partner with the blockchain and artificial intelligence advocacy not-for-profit Exponential Science Foundation to launch the academy next year.“The Academy will provide specialized education and implementation programs that harness blockchain, AI, and other emerging technologies to help governments drive transformative change,” the UNDP said.The agency is tasked with helping countries create long-term economic growth to tackle poverty. Developing countries, including India, Pakistan and Vietnam, were among the top adopters of…

Key takeaways:Michael Saylor transformed MicroStrategy from a business intelligence firm into the world’s largest corporate Bitcoin holder.Saylor’s conviction redefined corporate strategy, turning volatility into opportunity through long-term, dollar-cost averaging purchases.His approach set the standard for institutional Bitcoin adoption despite concerns over dilution and debt.Saylor’s playbook highlights research, perseverance, risk control and long-term thinking in Bitcoin investing.Saylor’s Bitcoin awakeningIn August 2020, Michael Saylor transformed from a technology executive into a symbol of corporate crypto adoption.Saylor, long known as the co-founder and head of enterprise-software firm Strategy (previously MicroStrategy), made his first bold move into cryptocurrencies by allocating $250 million of the…

Key Takeaways Industry leaders, including Michael Saylor and Fred Thiel, will attend a Capitol Hill roundtable to support the BITCOIN Act. The BITCOIN Act, reintroduced by Sen. Cynthia Lummis, proposes the US government acquire 1 million Bitcoin over five years. Share this article Strategy co-founder Michael Saylor, Marathon Digital CEO Fred Thiel, and other industry leaders will attend a Capitol Hill roundtable on Tuesday to advocate for the BITCOIN Act.The bill, reintroduced by Sen. Cynthia Lummis in March, proposes the US acquire 1 million Bitcoin over five years through “budget-neutral strategies.”The roundtable brings together prominent figures from the crypto industry…