LUNC: Could Short-Term Bounce Lead to Medium-Term Gains?

• Terra Luna Classic (LUNC) is an underperformer, down 5.5% in the last 24 hours and 20% from its weekly highs. • Its recent pullback suggests a near-term technical outlook may not be too great, but there is some reason to be optimistic and there may be a short-term rally back to its recent highs. … Read more

MicroStrategy Invests $42.8M in Bitcoin, Bolstering Its Total Holdings to $5.3B

• Michael Saylor, the founder and former CEO of software firm MicroStrategy, recently purchased approximately 2,395 bitcoins for approximately $42.8 million. • The firm also sold some of its crypto assets over the past week for cash proceeds of approximately $11.8 million. • Following these transactions, MicroStrategy’s bitcoin holdings have increased from about 130,000 bitcoins … Read more

Galaxy Digital Invests $35M Into Argo Blockchain to Help Restructure Operations

• Galaxy Digital, Michael Novogratz’s crypto-focused financial services firm, has bought Argo’s Helios Bitcoin (BTC) mining facility and provided an additional $35 million loan to help with restructuring efforts. • The cash proceeds from the sale will be used by Argo to repay existing debts and prepayment interest, and other fees of approximately $84 million … Read more

Cryptocurrency Fraudster Avraham Eisenberg Arrested for Stealing $110 Million

• A man named Avraham Eisenberg was arrested for attempting to steal around $110 million from the decentralized cryptocurrency exchange Mango Markets. • He allegedly manipulated the Mango native token MNGO to artificially inflate the price of the token, enabling him to borrow and withdraw $110 million worth of different cryptos. • Following talks with … Read more

Explore the Possibility of Stablecoins with Ripple Labs: Find Better Investment Opportunities with FGHT

•Republic of Palau is working with Ripple Labs to explore the possibility of developing a national stablecoin. •XRP is currently trading sharply lower near the 0.3576 level, and a break below that level may further exert bearish pressure. •Alternative coins like FightOut (FGHT) may offer investors better short-term investment opportunities. The global crypto market has … Read more

FSA of Japan to Lift Ban on Foreign-Issued Stablecoins in 2023

• The Financial Services Agency of Japan will lift the ban on the domestic distribution of foreign-issued stablecoins in 2023. • The new regulations will allow local exchanges to handle stablecoin trading under the condition of asset preservation by deposits and an upper limit of remittance. • None of the 31 crypto exchanges registered with … Read more