);)
As the stablecoin issuer Circle went public and listed on the New York Stock Exchange (NYSE), Paolo Ardoino, Tether's CEO, dismissed the possibility of Tether's IPO on the 8th. Circle, the issuer of USDC, was listed on the NYSE on the 5th and successfully achieved a stock price increase of about 167% on the listing day. With Tether's market capitalization reaching $51.5 billion, Ardoino stated, "Tether does not need to go public" and "Tether's market capitalization is slightly overvalued when considering the Bitcoin (BTC) and gold it holds."
2. "Bitcoin: Large Liquidations Likely During Price Changes"
As Bitcoin has been trading sideways for several weeks, data has been released suggesting large amounts will be liquidated based on the accumulated bets in the futures market. Crypto trader Cas Abe pointed out on the 8th via his X account that approximately $15.11 billion was bet on long positions and $9.58 billion on short positions in the Bitcoin futures market.
3. Michael Saylor "Buying More Bitcoin This Week!"... "9 Weeks of Consecutive Purchases"
Michael Saylor, founder of Strategy, has predicted additional Bitcoin purchases for the 9th consecutive week. On the 8th, Saylor shared a chart from the 'Saylor Tracker' website, revealing Strategy's plan to soon make additional Bitcoin purchases.
4. Bitcoin Attempts to Surpass $107,000 Despite US Political Instability
Bitcoin rose 1.22% intraday on the 9th despite political instability in the United States. Former President Trump approved the deployment of 2,000 National Guard troops to Los Angeles in response to an immigrant protest.
Reporter Seung-won Kwon ksw@blockstreet.co.kr
