Aaron Wise

1 week ago | protos.com | Aaron Wise

As Michael Saylor piles dividend and interest obligations onto MicroStrategy (MSTR) in order to buy bitcoin (BTC), doubts about his strategy are rising. The stock is trading at half the 3.4X BTC premium it enjoyed as recently as November 20, and social media is buzzing about whether the company actually possesses all its BTC.

2 weeks ago | protos.com | Aaron Wise

Yesterday’s attack on Sui’s largest on-chain exchange, Cetus, threatened to cause $200 million or even $1 billion worth of digital asset losses. An initial statement from Sui estimated the stolen dollar value at $223 million, although the value was in flux by the hour as prices moved and crime fighters froze contracts. Other researchers estimated $260 million was stolen from liquidity pools, which saw prices of several assets crash by over 99% during the attack.

2 weeks ago | protos.com | Aaron Wise

Yesterday, the US government had a particularly hard time selling treasuries to fund its operations. That was great news for bitcoin (BTC) as risk-on investment pushed crypto markets to all-time highs. Surpassing $111,000 for the first time in its history, BTC benefited from one of the worst US bond auctions in recent memory. US Treasury Secretary Scott Bessent had to admit that the country’s 6.7% deficit-to-GDP ratio was its highest since the last war or recession.

2 weeks ago | protos.com | Aaron Wise

Around 11am this morning in New York, bitcoin (BTC) made another all-time high above $109,400. Those fortunate enough to be awake to celebrate BTC almost surpassing the threshold overnight cheered the rally and shared celebratory posts across social media. At the same time, however, other metrics measuring the health of the network were nearing all-time lows. For example, Bitcoin’s average transaction confirmation time this month is less than 50 minutes, including many days below 20 minutes.

2 weeks ago | protos.com | Aaron Wise

Cardano (ADA) founder Charles Hoskinson recently denied rumors that he misappropriated over half a billion dollars worth of ADA from a community fund, yet doubts about his financial candor linger. Despite the fact that he’s promised a full audit of ​​Input Output Global (IOG) and even surrendered access to his social media to researchers in the wake of the scandal, skeptics are reinvigorated.