Adam Back opposes Defiance 2X Short MSTR ETF, citing its potential negative impact due to high Bitcoin correlation. Back warns against risks in volatile trading environment and expresses doubts about effectiveness.
Xu LinWith JPMorgan as their authorized participant, the intermediary firm, the ETF can first be realized by converting Bitcoin into cash and vice versa.
JinseFinanceIs Michael Saylor’s side of the story the reality of the situation? Or is he on a damage control tour? ...
BitcoinistPoor earnings coupled with overvalued fundamental metrics pose long-term bearish risks for MSTR.
CointelegraphTether said the hedge funds that saw Terra’s collapse as a reason to short USDT have “a fundamental misunderstanding of both the cryptocurrency market and Tether."
CointelegraphA report from S3 Partners noted that crypto stocks with the highest short interest include Coinbase, Marathon Digital and MicroStrategy.
CointelegraphAccording to Paolo Ardoino, some hedge funds are trying to create "billions of dollars" of pressure to "damage Tether's liquidity" in order to eventually be able to buy back tokens at a much lower price.
CointelegraphDownside pressure for Terraform Labs' LUNA2 mounts amid investigations and rumors from a "Terra insider."
CointelegraphStakeholders believe that the digital shekel would boost competition, but remain divided on the matter of privacy.
CointelegraphAs MicroStrategy stock slumps, Michael Saylor remains confident Bitcoin holdings will cover a potential margin-call on BTC-backed loans.
Cointelegraph