MicroStrategy’s bitcoin empire signals structural challenges

Strategy Inc. (formerly MicroStrategy) spent 2025 building the largest corporate Bitcoin reserve the public markets have ever financed, but the scale of that ambition ended up colliding with the logic of its own stock. What began as an aggressive accumulation strategy, powered by the company’s appetite for leverage and a willingness to dilute existing shareholders, […]

7 mins read

My medium term Bitcoin bear thesis – and why this winter could be the shortest yet

For all the talk that this cycle is somehow “different,” the structure of Bitcoin’s market still looks unmistakably cyclical to me. Each top brings the same chorus claiming the cycle model is dead, and each cooling phase renews the idea that liquidity alone now sets the trajectory. But the evidence keeps pointing the other way. […]

10 mins read

New Bitcoin ‘top signal’ is in – The bear market indicator you hate to see

Are crypto IPOs the most accurate top signal, or just a tell investors keep retesting because it feels true during late-cycle heat? The tape offers a clean cluster to examine. Coinbase’s direct listing arrived on April 14, 2021, the precise day Bitcoin set a then record near $64,000. Stronghold Digital Mining priced its IPO on […]

5 mins read

How would native staking reshape XRP’s role in a DeFi economy?

For more than a decade, the XRP Ledger (XRPL) has, for one reason or another, stood apart from the rest of the blockchain industry. Built in 2012, long before the rise of modern DeFi, it embraced a minimalist design of fast settlement, deterministic consensus, and no economic incentives for validators. That architecture helped XRPL grow […]

7 mins read

Cardano wallet activates after 5 years, loses $6 million in disastrous ADA-to-USDA swap

Key Takeaways A dormant Cardano wallet lost over $6 million in a low-liquidity ADA-to-USDA swap. The wallet had not been active for five years before the disastrous transaction. Share this article A Cardano wallet holder lost over $6 million today in a disastrous swap after five years of inactivity, according to on-chain data reported by […]

1 min read

It’s foolish to pretend Bitcoin’s story doesn’t include $79k this year

Bitcoin is slipping again, and the mood across the market is shifting. Traders who were celebrating six-figure prices only weeks ago are suddenly watching key levels evaporate. The move below $106,400 was the first real warning sign, the collapse through $99,000 confirmed that the market is no longer treating those supports as serious areas of […]

6 mins read

Aerodrome and Velodrome merge into Aero, expanding to Ethereum and Circle’s Arc

Key Takeaways Aerodrome and Velodrome are merging into a unified decentralized exchange platform called Aero, launching on Ethereum Mainnet and Circle’s Arc blockchain in Q2 2026. Aero will introduce advanced technical features, including MEV auctions and cross-chain MetaSwaps, aiming to serve the broader Ethereum ecosystem and compete with Uniswap. Share this article Aerodrome and Velodrome, […]

2 mins read

Why Strategy keeps buying Bitcoin at local peaks

Strategy (formerly MicroStrategy) has earned a reputation for making its weekly Bitcoin acquisitions near the local top in recent weeks. On Nov. 10, CryptoQuant analyst JA Marturn noted that the firm’s most recent acquisition disclosure from Michael Saylor followed the same script. According to an SEC filing, Strategy announced that it had acquired 487 BTC […]

7 mins read