Investors dismiss lawsuit against Strategy over $6B Bitcoin unrealized loss

Key Takeaways Strategy investors dismissed their lawsuit alleging misleading claims about Bitcoin investments. The company was accused of downplaying the impact of new crypto accounting standards on its financial statements. Share this article A lawsuit against Michael Saylor’s Strategy, initiated by investors who alleged the company misled them over its Bitcoin strategy and accounting rules, […]

1 min read

Ethereum Foundation pauses grants to align with strategic goals

The Ethereum Foundation has paused new grant applications to its Ecosystem Support Program (ESP) as it reconsiders how it funds builders and projects. The pause, announced Aug. 29, comes as the Foundation restructures its approach to ecosystem development and looks to align its grantmaking with longer-term priorities. A detailed roadmap outlining new funding priorities is […]

2 mins read

#9 – “Institutions Can’t Beat A Basic Buy and Hold Allocation” – Meb Faber Research

Pension funds’ annualized aggregate returns since 2000 have been virtually identical to a simple 60-40 index portfolio.  That feels somewhat expected it seems, but what about the true crème de la crème, the top institutions. Surely they could beat a simple buy and hold allocation? Turns out, they really can’t. Below we recall an article […]

12 mins read

Metaverse developer The Sandbox lays off 50% of staff and pivots to meme coin launchpad

Key Takeaways The Sandbox is laying off over 50% of its workforce and moving away from metaverse projects. The company will soon unveil a meme coin launchpad on Base. Share this article The Sandbox, the high-profile metaverse and NFT platform backed by Animoca Brands, is undergoing a large-scale restructuring and executive transition, according to a […]

1 min read

YZY token aftermath sees 105 traders lose $100k-$1M each in $75M wipeout

Kanye West’s YZY token launch has left 105 traders with significant losses between $100,000 and $1 million each, totaling $26 million in combined losses at an average of $250,000 per wallet. According to data shared by Bubblemaps analysis published on Aug. 27, 70,201 traders interacted with the token, resulting in 51,862 tanking losses. West’s controversial […]

1 min read