Recent #Cryptocurrency news in the semiconductor industry

7 months ago
➀ Bitcoin has reached a new milestone, nearing the $100,000 mark after a significant price rally from $80,000 to $90,000; ➁ The rise has been linked to the election of President Trump, with a 30% increase since he was elected; ➂ The price of Bitcoin isn't the only cryptocurrency-related thing rising in value, as shares of the cryptocurrency exchange Coinbase increased by approximately 75%.
BitcoinCoinbaseCryptocurrencyDigital CurrencyMarket RallyPrice IncreaseTrump Election
3 months ago
1. BITO has underperformed Bitcoin significantly due to structural issues like contango, high expense ratios, and tax burdens. 2. BITO tracks Bitcoin futures, not spot prices, leading to inefficiencies and higher costs compared to spot ETFs. 3. Despite favorable political and economic factors for Bitcoin, technical indicators suggest potential volatility, making it uncertain for BITO's future performance.
Cryptocurrencyinvestmentmarket analysis
3 months ago
1. In October, the author recommended a 'long Bitcoin, short MicroStrategy' trade due to MSTR's high NAV premium and reduced borrowing capacity. 2. Since then, Bitcoin has increased by 21%, while MSTR has mostly been flat, validating the trade idea. 3. However, MSTR's NAV premium has significantly shrunk, and the company's recent convertible issuance indicates a strong interest in zero-cost convertible bonds, suggesting it's time to close the trade.
CryptocurrencyInvestment Strategymarket analysis
4 months ago
1. Coinbase's FY 2024 earnings report showed a 115% YoY revenue increase, but the stock dropped 13% due to market conditions and competition concerns; 2. Robinhood's acquisition of Bitstamp and its 700% crypto revenue jump makes it a strong competitor to Coinbase; 3. Both stocks fell recently despite Bitcoin's rise, influenced by broader economic concerns; 4. Current price dips in Coinbase might be a buying opportunity due to its rising efficiency and potential fee structure rationalization.
CryptocurrencyFinancialsstock market
4 months ago
1. Coinbase is expected to exceed Wall Street revenue estimates by 26% and EPS estimates by 407% for Q4 2024. 2. Consumer volumes surged in Q4 2024, supported by institutional adoption and diversified revenue streams. 3. FASB accounting changes are expected to boost profits by an additional ~$600M. 4. Coinbase's anticipated inclusion in the S&P 500 in March will trigger significant buying from ETFs and mutual funds, driving at least $2.5 billion in demand.
CryptocurrencyFinancial Resultsmarket analysis
5 months ago
1. Cryptocurrencies surged in 2024, with Bitcoin gaining 121% due to favorable regulations and Trump's election, driving smart money into Bitcoin-related stocks like Riot Platforms. 2. Riot Platforms significantly expanded its mining capacity, achieving a 155% YoY increase in hash rate, making it the fastest-growing Bitcoin miner globally. 3. Riot's strategy includes acquiring ready-to-run mining sites and diversifying energy sources, reducing reliance on Texas and benefiting from Kentucky's energy-saving programs.
BitcoinCryptocurrencymining
5 months ago
1. Despite recent volatility, the iShares Bitcoin ETF has outperformed the S&P 500, showcasing crypto's resilience and potential for future gains. 2. Regulatory changes and a crypto-friendly SEC leadership could enhance Bitcoin ETF efficiency, making IBIT more appealing and reducing costs for investors. 3. Short-term volatility persists, but demand-supply dynamics and miners' HODLing behavior support a bullish outlook for Bitcoin and IBIT by 2025.
BitcoinCryptocurrencyETF
7 months ago
➀ Larry Dean Harmon, the operator of a darknet-based Bitcoin laundering service called Helix, has been sentenced to three years in prison and ordered to forfeit $400 million. ➁ The service, popular among online drug dealers, processed approximately 354,468 bitcoins. ➂ Harmon's sentencing was considered lenient due to his cooperation and guilty plea.
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