"[The] proposed changes are intended to stabilize price, dampen cyclicality, drive liquidity, and grow demand," said Executive Chairman Michael Saylor.
Oil prices slumped as Trump said Iran committed to open the Strait of Hormuz and the U.S. plans to acquire that country's enriched uranium as part of a deal.
The bitcoin price is hovering near a key resistance level with $450 million in sell orders overhead as liquidations surge and derivatives data signal caution.
Bitfinex plans to use the returned coins to redeem all Recovery Right Tokens and devote at least 80 percent of remaining net proceeds to repurchasing and burning its UNUS SED LEO token.
Funding rates at 2023 lows signal the market is heavily short against bitcoin, ZeroStack's Daniel Reis-Faria says, setting up conditions for a forced unwind if prices push higher.
The Cardano founder argues BIP-361 is mislabeled as a soft fork and that its zero-knowledge recovery plan cannot rescue roughly 1.7 million pre-2013 bitcoin, including Satoshi's holdings.