Billionaire Endorses Binance: Mike Novogratz Urges Success for CZ

• Michael Novogratz, founder of Galaxy Digital Holdings, expressed his support for Binance and CEO Changpeng Zhao (CZ) • He noted that the world’s largest crypto exchange by trading volume has a “giant percentage of liquidity” and a loyal retail following • Novogratz believes that the success of Binance would help bring more institutions and … Read more

Bitcoin Breaks $23K, Cryptocurrency Market Soars Above $1 Billion!

• Bitcoin reached an all-time high above $23,000 in January 2021, pushing the total cryptocurrency market capitalization above $1 billion. • The bullish momentum was driven by positive CPI data, indicating a decrease in overall inflation, and a weakening US Dollar Index. • Analysts are optimistic about a possible new bull market, as Bitcoin prices … Read more

Former FTX US President Reveals Why He Left Crypto Exchange

• Brett Harrison, former president of FTX US, revealed he left the crypto exchange due to a deteriorating relationship with Sam Bankman-Fried and his deputies over management practices. • Harrison detailed that SBF asked him to join FTX US “casually over text” in late March 2021 and his first few months at FTX US were … Read more

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