1h ago
SushiSwap Names New Leader as Synthesis Founder Acquires $3.3M Stake
Decentralized exchange SushiSwap announced a leadership transition on December 1, with Synthesis founder Alex McCurry purchasing over 10 million SUSHI tokens worth approximately $3.34 million and assuming operational control. Outgoing CEO Jared Grey, who led the protocol for three years through regulatory scrutiny and governance disputes, will transition to an advisory role. The platform described the change as part of positioning for expansion, citing profitability goals and product development plans.
SUSHI
SUSHI-12.57%
1h ago
1h ago
Michael Burry Labels Tesla 'Ridiculously Overvalued' at 209× Forward Earnings
Hedge fund manager Michael Burry described Tesla as "ridiculously overvalued" in a Substack post published Sunday, citing the company's trading multiple of 209 times forward earnings. Burry highlighted concerns about shareholder dilution, noting that Tesla dilutes its stock by 3.6% annually through compensation without offsetting buybacks. He warned that Elon Musk's $1 trillion pay package, approved by shareholders last month, will exacerbate the dilution.
1h ago
1h ago
Binance Retail Traders Buy 6,870 BTC Above $91,400 as Long-Term Holders Sell
Binance users purchased 6,870 BTC valued at approximately $628 million when Bitcoin traded above $91,400, while long-term holders reduced positions, data show. Short-term holder realized cap hit $51 billion on November 23, the highest since December 2024, as long-term holder realized cap fell by $47 billion. The pattern has preceded market corrections in December 2024 and March 2024.
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BTC
BTC-7.13%
1h ago
1h ago
Bank of Israel Intensifies Stablecoin Regulation as Digital Shekel Development Accelerates
The Bank of Israel announced enhanced regulatory oversight of stablecoins, with Governor Amir Yaron identifying them as a systemic force in global finance. The move came during a Tel Aviv conference where officials presented an updated timeline for the country's central bank digital currency project. The sector has reached a market capitalization exceeding $300 billion with monthly transaction volumes surpassing $2 trillion, according to Yaron.
1h ago
2h ago
Bitcoin Drop Triggers Three Competing Explanations: BOJ Rate Signals, UTC Rebalancing, Parabolic Cycle Risk
Bitcoin's sharp selloff has prompted three distinct interpretations from market analysts. Arthur Hayes attributes the decline to Bank of Japan rate-hike signals affecting yen liquidity during Asia-Pacific trading hours. Nik Algo argues the drop resulted from algorithmic rebalancing at UTC day, week, and month boundaries. Peter Brandt warns the rally structure mirrors historical parabolic cycles that preceded 75% drawdowns.
BTC
BTC-7.13%
2h ago