📊 Bitcoin Fever: Jetking Joins the Club!
🇮🇳 Indian company Jetking saw its stock soar 20% after CEO Avinash Bharwani announced a Bitcoin strategy for their treasury, kicking off with a purchase of 12 BTC—the first move of its kind in India. 🚀
🔨 Meanwhile, MARA Holdings bought a whopping 11,774 BTC for $1.1B at $96K per coin, pushing their total stash to 40,435 BTC worth $3.9B.
The purchase was funded through zero-coupon convertible bonds.
👀 But not all is rosy: MicroStrategy, a pioneer of corporate Bitcoin adoption, warns in its filings of "significant financial risks" due to BTC’s volatility.
A major price drop could hit liquidity hard, with cash access LIMITED. ⚠️📉
👻 Freeze Satoshi's 1M BTC? Avalanche CEO Says Yes!
Avalanche's CEO suggests freezing 1M BTC linked to Satoshi Nakamoto to protect against future risks from quantum computing. 🤯
Early Bitcoin transactions, including Satoshi’s wallet, used the P2PK format, exposing public keys directly in UTXOs.
This makes them potentially vulnerable to quantum computers cracking private keys.
Modern wallets now use the P2PKH format, relying on hashed public keys for extra security.
But for Satoshi’s coins? The risk is real! 🚨🛡
🔎 Bitcoin: Newbies Take Over the Market!
The realized cap of BTC under 1 month old has skyrocketed by +909%, reaching $343B since the start of the cycle. 📈
Translation? Long-term holders are cashing out, while fresh buyers are eagerly scooping up their Bitcoin. The new wave of investors is here! 🚀🪙
📊Bitfinex: the Bitcoin market shows signs of cooling down
Bitfinex reports that despite recent chaos, the market shows signs of stabilization.
💰Realized profits dropped from $10.5B to $2.5B, easing sell pressure, while futures funding rates normalized, reducing speculative leverage.
ETF inflows have slowed but continue to support Bitcoin’s bullish outlook.
With conditions calming, deep corrections like last week could become less frequent, paving the way for steady growth if ETFs keep flowing and HODLers remain strong. 🚀📈
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