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Bitcoin Miner Marathon Digital Misses Revenue Expectations Due to Production Setbacks
Bitcoin Miner Marathon Digital Misses Revenue Expectations Due to Production Setbacks

Nonetheless, Marathon Digital’s Q1 2024 sees a 223% yoy revenue surge and 142% hash rate increase from new products and acquisitions.

Cryptopotato·2024/05/12 00:34
BlackRock and other bitcoin ETFs rob bitcoin of its room to grow
BlackRock and other bitcoin ETFs rob bitcoin of its room to grow

The vise grip organizations like BlackRock have on bitcoin in order to fill their ETFs is a threat to bitcoin’s adoption

Blockworks·2024/05/11 23:31
Three weeks after its blockbuster launch, Runes faces declining activity
Three weeks after its blockbuster launch, Runes faces declining activity

The Runes protocol, which launched on Bitcoin three weeks ago following its halving event, generated $135 million in fees over its first week, but activity has since fallen dramatically. May 10th was the lowest activity day on Runes by several measures, including new mints and new wallets, blockchain data show, in an early test for the new protocol.

The Block·2024/05/11 22:31
Franklin Templeton CEO says all ETFs and mutual funds will be on blockchain
Franklin Templeton CEO says all ETFs and mutual funds will be on blockchain

She also warned that generative artificial intelligence was like the “kid that got an ‘F’ in math.”

Cointelegraph·2024/05/11 20:34
Bitcoin volatility plunges below Tesla, Nvidia stocks amid $100K price prediction
Bitcoin volatility plunges below Tesla, Nvidia stocks amid $100K price prediction

Lower Bitcoin market volatility often precedes significant bull runs, suggesting that the current trend could propel prices toward the $100,000 to $150,000 range.

Cointelegraph·2024/05/11 15:16
Victim of $71 million 'address poisoning' attack recovers funds following negotiations
Victim of $71 million 'address poisoning' attack recovers funds following negotiations

Blockchain data shows that the victim of a $71 million address poisoning attack last week has recovered nearly all available funds when accounting for the changes in crypto prices. Blockchain cybersecurity firm Match Systems and the Cryptex exchange participated in the recovery negotiations, according to a press release.

The Block·2024/05/11 14:43
Flash
03:01
Metaplanet: Strongly Considering Stock Buyback When mNAV is Less Than 1, Bitcoin Yield is Key Performance Metric
BlockBeats News, June 9th: Bitcoin treasury company Metaplanet CEO Simon Gerovich posted on social media: "BTC Yield is our key performance metric, and our capital allocation is focused on maximizing this metric for our shareholders. Stock buyback is a core element of our capital allocation policy (established on October 28, 2025). As previously disclosed, when the price-to-book ratio is below 1.0x, we will actively consider repurchasing common stock to maximize the BTC Yield, and the lower the price-to-book ratio, the greater the potential appreciation effect. Buyback remains a key tool in our capital allocation policy. Of course, any buyback must comply with applicable insider trading and disclosure rules, including restrictions on material non-public information and monthly disclosure requirements. Therefore, we cannot comment on the specific timing, status, or execution of any buybacks until proper disclosure is made. This statement should not be construed as implying that we are currently or will be conducting buybacks at any specific time."
02:57
Metaplanet CEO: When mNAV is below 1x, stock buybacks help improve BTC yield
Foresight News reports that Metaplanet CEO Simon Gerovich posted on Twitter that BTC Yield is the company's most important KPI, and the core goal of the company's capital allocation is to maximize shareholders' BTC Yield. When the modified net asset value (mNAV) is below 1x, repurchasing company shares may be one of the effective ways to increase BTC Yield, and the lower the mNAV, the more significant the improvement. The company will continue to consider share repurchases as an important capital allocation option. However, he also emphasized that any actual repurchase must strictly comply with insider trading regulations and monthly disclosure obligations, and therefore, no comments will be made regarding specific implementation timing or circumstances until proper disclosure is made. This statement does not indicate that the company is currently undertaking or planning a share repurchase at any particular time.
02:53
Jefferies and Wells Fargo both raise their target price for Alcoa
Goldenway Economic News June 9|Jefferies raised the target price of Alcoa from $82 to $100, and Wells Fargo raised its target price from $70 to $82.
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