随着 2024 年最后一个季度的临近，市场显示出潜在牛市阶段即将到来迹象。

去年，我们发布了 2021 年种子阶段回顾，以清晰地了解当年种子阶段的趋势。

金色周刊是金色财经推出的一档每周区块链行业总结栏目，内容涵盖一周重点新闻、行情与合约数据、矿业信息、项目动态、技术进展等行业动态。

金色财经不完全统计了加密货币在美国”衣食住用行神“等各个领域的用例，来看看加密货币在美国普通人社会生活中的渗透。

在区块链技术中，142协议犹如一颗璀璨的新星，以其独特的计算方程式和Defi新协议，引领着Web3 Meme币与Defi生态的重新定义与聚合。

近期，华为因大规模进口阿根廷牛肉和红酒而登上各大媒体头条。

加密市场,那些为加密投票的选民们 金色财经,临近大选，特朗普和哈里斯之间的对决无疑更为焦灼。

大多数DeFi协议依赖于预言机喂价来处理衍生品合约、清算不良资产等。

Google has launched a new video search feature that allows users to point their camera at objects and ask questions, providing relevant search results. This initiative, part of their ongoing AI enhancements, aims to improve user interaction and maintain Google’s dominance in the competitive search market.

When Apple announced iOS 18, most attention was drawn to its new artificial intelligence (AI) features, such as personalized AI assistants and enhanced machine learning capabilities. However, a quieter yet potentially more disruptive change—an update to contact sharing—could have a significant impact on the future of social and messaging apps.

According to BlockBeats, on March 30th, 10x Research stated on social media that MicroStrategy's stock is overvalued by 60%, and based on its actual situation, the stock price may even be overvalued by nearly 100%. A year ago, MicroStrategy's stock price did not have a premium compared to Bitcoin, and this stock has become a typical representative of the current Bitcoin bull market, while Grayscale's GBTC discount price is a typical representative of the 2022 bear market. In fact, the trading price of the stock should be close to $1,000, not in the range of $1,700 to $2,000. Market data shows that MicroStrategy (MSTR) closed at $1,919 yesterday, and the current after-hours price has fallen to $1,704.

Quick Take MicroStrategy (MSTR), the business intelligence firm renowned for its substantial Bitcoin holdings, experienced a significant share price decline of over 11% on March 28. The company’s shares are currently trading at $1,704, starkly contrasting the recently anticipated $2,000 mark reported by CryptoSlate just days earlier. Despite the recent setback, MSTR’s year-to-date performance... source: https://cryptoslate.com/insights/analysts-eye-microstrategy-share-price-to-bitcoin-holdings-ratio-closely-as-mstr-falls-11/

According to PANews, hedge fund Kerrisdale Capital has disclosed a subtle investment thesis: going long on Bitcoin (BTC) while shorting MicroStrategy stock. The premise is that MicroStrategy, positioning itself as a BTC investment tool, has an unreasonable premium compared to the underlying crypto asset that mainly constitutes its value. Kerrisdale Capital's analysis states, "MicroStrategy's stock price has soared with the recent rise in BTC prices, but as is often the case with crypto assets, things have gotten out of control." Kerrisdale also highlighted a key difference, pointing out that MicroStrategy's stock price implies a BTC value of "over $177,000, or 2.5 times the spot price of BTC." In discussing the reasons behind MicroStrategy's stock price premium, Kerrisdale refuted some views supporting the company's market valuation. The report bluntly states, "The reasons for giving a premium to MicroStrategy's stock are not enough to justify paying more than double the price for the same coin." This statement emphasizes Kerrisdale's stance on MicroStrategy's overvaluation in terms of direct BTC exposure. Since 1989, under the leadership of CEO Michael Saylor, MicroStrategy has been actively accumulating BTC and making it a core pillar of its investment strategy. From August 2020 to 2023, the company conducted significant financial operations to increase its holdings, currently exceeding 214,000 BTC. Kerrisdale's valuation method considers MicroStrategy's enterprise software business and its BTC reserves. The conclusion drawn from the analysis is that although the software business is still in operation, it "no longer contributes meaningful value to the entire enterprise," highlighting the overwhelming impact of BTC on the company's valuation. A key criticism from Kerrisdale is the high premium of MicroStrategy's stock relative to its net asset value (NAV). The report notes, "MicroStrategy's stock premium is 2.6 times, which is exceptionally high." Kerrisdale believes that if MicroStrategy's stock premium rate is adjusted to a more historically consistent level, the stock will experience a significant decline relative to BTC's performance. The report delves into the potential impact of MicroStrategy's financial strategy, including its reliance on leverage and the dilutive effect of its financing mechanisms. Kerrisdale's analysis indicates that while MicroStrategy has successfully increased its BTC holdings through aggressive capital market activities, the dilutive effects of debt financing and stock issuance have caused the number of BTC per share to stagnate. Finally, Kerrisdale Capital estimates, "If the current 2.6 times premium contract is adjusted to a more historically consistent 1.3 times, MSTR's decline relative to BTC will be 50%." This conclusion is drawn after studying the interactions between MicroStrategy's stock premium, BTC holdings, and broader market dynamics.

In a recent report titled “Long Bitcoin / Short MicroStrategy Inc (MSTR): Know When to HODL, Know When to FODL,” Kerrisdale Capital Management outlines a bold investment strategy. The hedge fund advocates going long on Bitcoin directly while simultaneously shorting shares of MicroStrategy (NASDAQ: MSTR), a publicly traded company known for its aggressive Bitcoin accumulation […] source: https://www.cryptoglobe.com/latest/2024/03/hedge-fund-kerrisdale-capital-shorts-microstrategy-stock-down-11-bets-on-spot-bitcoin-etfs-heres-why/

The Kerrisdale investment firm says that the software company's stock will take a hit because its price is now unjustified. source: https://decrypt.co/223931/bitcoin-btc-versus-microstrategy-mstr-stock-kerrisdale

It's green across the board in crypto stocks today as bitcoin rises to $71,500 following positive inflows. source: https://www.trustnodes.com/2024/03/28/crypto-stocks-green-hut-up-20-mstr-nears-2000

Short-selling investment firm Kerrisdale Capital has MicroStrategy Inc (NASDAQ:MSTR) in its crosshairs. source: https://www.benzinga.com/markets/cryptocurrency/24/03/37985493/kerrisdale-capital-is-short-microstrategy-stock-long-bitcoin-things-have-gotten-carried-aw?utm_campaign=partner_feed&utm_source=cryptopanic.com&utm_medium=partner_feed&utm_content=site

투자업체 케리스데일 캐피털(Kerrisdale Capital)이 최근 보고서에서 "비트코인 현물 ETF 제외 단일 기업 기준 가장 많은 BTC를 보유한 마이크로스트래티지(MSTR)의 주가는 고평가됐다"고 분석했다. 보고서는 "BTC에는 롱 포지션을 취하겠지만, MSTR 주가는 지나치게 과열돼 숏 포지션을 취하고 있다. 주가가 하락하면 이익을 실현할 것"이라고 덧붙였다. 케리스데일 캐피털은 블랙록·피델리티의 BTC 현물 ETF 롱 포지션도 보유 중이다.

Bitcoin (CRYPTO: BTC) advocate and MicroStrategy Inc. (NASDAQ:MSTR) Executive Chairman Michael Saylor has recently shared insights on Bitcoin’s volatility, highlighting its importance as a natural asp source: https://www.benzinga.com/markets/cryptocurrency/24/03/37934316/microstrategys-bitcoin-bet-stock-technicals-align-with-michael-saylors-vision?utm_campaign=partner_feed&utm_source=cryptopanic.com&utm_medium=partner_feed&utm_content=site

Quick Take Recent market data shows that MicroStrategy continues to outperform both Bitcoin equities and Bitcoin itself. The company’s share price saw a significant surge of 22% on March 25, catapulting it up 40 places to the 280th position among US companies by market cap. This increase brings its market cap to a hefty $31.50 […] source: https://cryptoslate.com/insights/pre-market-trading-sees-4-increase-mstr-closing-in-on-the-2000-threshold/