Strategy bought 1,036 Bitcoin for about $81.9 million, taking its holdings past 850,000 for the first time. Scott Melker’s point is that the headlines about Michael Saylor being underwater on his average cost miss what matters, because Strategy is never getting margin called.
Coinbase won full approval for a national trust bank charter from the OCC. The Treasury cut MEXC off from the US financial system over an alleged $16 billion in illicit transactions. Binance will close affected European accounts on December 31. And Circle froze $1.1 billion of USDC tied to the Binance theft.
Timestamps
0:00 Strategy buys 1,036 Bitcoin and holdings pass 850,000
2:08 Why the stories about Saylor’s average cost miss the point
3:33 Coinbase wins a full national trust bank charter from the OCC
5:41 The Treasury cuts MEXC off from the US financial system
8:05 Binance will close affected European accounts on December 31
9:35 Circle freezes $1.1 billion of USDC tied to the Binance theft
10:39 Stablecoin market cap has stalled while payment volume has not
12:16 Russia’s central bank opens retail crypto trading on November 17
13:52 Another wallet is drained through a social login
#MichaelSaylor #Bitcoin #Coinbase #Binance #Crypto #DailyWolf #YahooFinance
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