Analysis Crypto by Thebittimes.Com

Michael Saylor, founder of MicroStrategy, announced that his company added 5,445 Bitcoin to its massive crypto holdings between Aug. 1 and Sept. 24. MicroStrategy spent $147.3 million on its latest BTC acquisition, according to a form 8-K filing with the U.S. Securities and Exchange Commission (SEC).  Following its BTC accumulation between August and September 2023, MicroStrategy now boasts $4.6 billion worth of crypto’s top token on its balance sheet .  MicroStrategy began purchasing BTC in 2020 as former chief executive officer Michael Saylor sought to reduce the company’s cash holdings and hedge against inflation. MicroStrategy has acquired an additional 5,445 BTC for ~$147.3 million at an average price of $27,053 per #bitcoin. As of 9/24/23 @MicroStrategy hodls 158,245 $BTC acquired for ~$4.68 billion at an average price of $29,582 per bitcoin. $MSTR https://t.co/GbJtUoQfXv — Michael Saylor️ (@saylor) September 25, 2023 Since then, Saylor’s company has bought 15...

The next batch of token unlocks for The Sandbox is on Feb. 14, 2024, and will unfreeze over 200 million SAND for its team, company reserve and advisors. Metaverse platform The Sandbox (SAND) has unlocked a total of 332 million SAND tokens, which is around 16% of the digital asset’s current circulating supply. The unlocked tokens are worth around $133 million at the time of the unlock.  On Aug. 14, The Sandbox proceeded with its scheduled unlock for over 300 million token s. According to the vesting schedule tracker Token Unlocks, The Sandbox unlock ed 71 million for its team, 37.5 million for its advisors, 96.8 million for its company reserve, 24 million for its strategic sale buyers and almost 103 million token s for its seed sale participants. Each of these holders are now able to trade their token s into the open market. Unlock progress for The Sandbox token. Source: Token Unlocks A token unlock is normally very bearish for digital asset prices, as it unfreezes liquidity and in...

Conor Grogan tracked down $322,000 worth of dormant ETC and returned it to its owner, who was unaware the money ever existed. It’s not every day that one discovers they've suddenly become $322,000 richer — but for one lucky crypto investor, this is exactly what happened in the waning hours of July 5. In a recent Twitter thread, Conor Grogan, the head of product at Coinbase explained how he uncovered hundreds of thousands worth of dormant crypto and even managed to contact its unaware owner. I found $322k for a stranger who previously lost their life savings in a hack pic.twitter.com/K1gUqEkAPh — Conor (@jconorgrogan) July 5, 2023 When the Ethereum blockchain forked in 2016, Ethereum Classic (ETC) was created. Any investor who held the now-standard Ether (ETH) on-chain was airdropped an identical amount of ETC. Many never touched these new funds, said Grogan. “Forgetting you have funds on chain (or not keeping track of airdrops) is common,” Grogan said, sharing how he’d recov...

Brian Armstrong and CZ have seen respective net worth losses of 11.8% and 5.1% since the SEC sued Coinbase and Binance. The net worths of Coinbase CEO Brian Armstrong and Binance CEO Changpeng Zhao (CZ) have suffered heavy blows due to recent lawsuits by the United States securities regulator. Armstrong’s net worth was slashed by $289 million and Zhao’s by $1.33 billion within a span of 30 hours after the Securities Exchange Commission (SEC) sued Binance on June 5 and then Coinbase on June 6, according to data from the Bloomberg Billionaires Index and Forbes. Zhao — the richest man in the crypto industry and the 54th richest person overall — had his net worth fall 5.1% to $26 billion this week. The SEC’s lawsuit against Binance has contributed to Zhao falling two spots in Bloomberg's Billionaire Index. Source: Bloomberg While the Binance CEO’s net worth has rebounded by over 106% this year, he is still down over 73% from his highest net worth of $96.9 billion in January 2022. ...

To distance themselves from the failed exchange, some politicians have already resorted to donating funds they received from FTX to charity. Following the collapse of FTX and its bankruptcy filing on Nov. 11, $73 million worth of its political donations are currently at risk of being recalled to repay the failed exchange’s creditors, according to a report by Bloomberg. Speculators online allege that the former FTX CEO and his executives sought to influence industry regulations with their generous multi-million dollar donations to politicians and super-PACs. Sam Bankman-Fried, along with his executives Ryan Salame and Nishad Singh, are believed to have been among high paying donors to both the Republican and Democratic U.S. political parties.  Many politicians who were at the receiving end of FTX’s generosity now face difficulty on what to do next, as they may be forced to return the money to the bankruptcy trustee.  In order to distance themselves from the disgraced and fraudu...

Bitcoin is always open and the BTC price is constantly changing — find out how to track it and understand more about Bitcoin price action with the Cointelegraph crypto price indexes. Bitcoin (BTC) trades 24 hours a day, seven days a week. It is a market that never sleeps, and the BTC price is constantly changing. It doesn’t matter which currency or commodity is used to measure how much a bitcoin is worth — BTC is always live and the market is always open. It wasn’t always that way — in the beginning, before around 2010, there were no exchanges or even reliable price information, and BTC/USD traded at tiny prices — at one point even less than a single U.S. dollar cent. Since those days, however, the Bitcoin price has gone up millions of percent. As of December 2022, one Bitcoin is worth (BTC). It’s also easy to compare different prices across the crypto market — there’s no need to rely on a single source, and the market is always at work finding consensus. Want to know how much Bitcoi...

In around half-an-hour’s time [i.e. at 8:00 AM UTC on Friday] Bitcoin worth approximately $621.687 million is set to expire . Traders seem to be divided at the moment, with nearly equal bets placed on both the sides of the spectrum. The call OI at press time for November 18’s expiry stood at 18,164.72 BTC. The put OI, on the other hand, stood at 18,884.6 BTC. Resultantly, the call/put ratio stood at the brink of 1 [at 0.96, to be precise]. Source: Coinglass As illustrated below, most bearish bets have been placed at lower strike prices, while bullish bets have been placed towards upside targets. Nevertheless, the $18k psychological level seemed to be the most attractive one to traders. At the said price, bullish bets for an aggregate of 2.03k BTC were made. Sell-side bets, at the same level, stood slightly lower, around 1.9k BTC. Source: Coinglass Bitcoin Price At press time, bears seemed to be in control of control. BTC registered a streak of back-to-back red candl...