What is Up With the GBTC Negative Premium?
Bitcoin (BTC) is holding up well and trading at support levels after making highs a few weeks back. However, traders are selling GBTC in a panic creating a large negative GBTC premium (a GBTC discount).
Cardano (ADA) Launches on Coinbase Pro (Finally)
After years of waiting since an initial teaser, Cardano (ADA) is coming to Coinbase Pro. Trading is set to start March 18th. ADA will likely come to the Coinbase app shortly after.
Upcoming Ethereum EIP-1559 Means Curved Inflation and More
A long-awaited overhaul to Ethereum fees, EIP 1559, is finally set to launch. The proposal reforms how fees are paid, reduces gas costs, curves ETH inflation, and more.
GBTC Continues to Trade at a Negative Premium
GBTC has traded at a negative premium since tech stocks began to drop and Bitcoin began to find support. The result is you can buy discounted Bitcoin through Grayscale.
MicroStrategy Bought the Dip, Did You?
Microstrategy bought 328 bitcoin for about $15 million with an average price of $45,710 per BTC. That means they basically bought the bottom of the current range.
GBTC’s Premium Went Negative!
GBTC, which often trades at a high premium traded negative today. Right now, BTC is at $48k and Grayscale is trading under $45.
Su Zhu from Three Arrows Capital Imparts Amazing Crypto Wisdom
Everyone should take a moment to check out the crypto whale Su Zhu from Three Arrows capital on “Only up.”
MicroStrategy Buys over $1 Billion BTC
Microstrategy has bought more than $1 billion BTC. They bought 19,452 Bitcoins for an average price of $52,765 per bitcoin. They now have 90,531 Bitcoins at an average price of $23,985.
Square Buys $170 Million BTC
Square bought 3,318 more bitcoins for a total of $170 million. This follows a previous purchase and recent purchases by Microstrategy and Tesla.
Crypto, Tech, Tesla, Etc Curve Down as Rotation Fears Loom
Microstrategy bought, Tesla bought, and we rallied. ETH fees were high, funding was high, longs go squeezed, NASDAQ went down, the yield curve went up, and we crashed.