Michael Saylor Clarifies Strategy's Plan to Sell Bitcoin for Dividends

Plasma's XPL token, once highly anticipated, has plummeted by over 80% since its peak in September, now trading at $0.309. Despite claims refuting market manipulation, XPL faces the risk of dropping out of the top 100 tokens with a market cap of $550 million.

U.S. investors have shown decreased interest in Ethereum and Bitcoin, with Bitcoin experiencing a 2.8% price drop, leading to significant liquidations in the crypto market. Factors such as macro uncertainty, bond yields, and fading speculative appetite are contributing to this shift.

The Australian Federal Police Commissioner disclosed how a data scientist cracked a $6 million crypto wallet, preventing a criminal from profiting. By identifying a pattern missed by computers, the analyst decoded a 24-word recovery phrase, leading to another successful wallet recovery.

Thai authorities apprehended a Chinese national accused of orchestrating a crypto Ponzi scheme that defrauded nearly 100 individuals in China. The suspect, Liang Ai-Bing, was arrested in Bangkok after a raid on a luxurious residence where he had been evading Chinese law enforcement.

Experts suggest that Bitcoin may benefit from gold's recent pullback, potentially leading to a catch-up trade. Gold historically recovers from similar drops within two months, while Bitcoin remains relatively strong this week.

IBM's recent quantum advancement with a 120-qubit entangled state brings the possibility of a quantum computer capable of breaking Bitcoin's encryption closer. The experiment showcases multipartite entanglement, a crucial step towards quantum computers powerful enough to crack modern cryptography.

Michael Saylor remains optimistic about Bitcoin, expecting it to reach $150,000 by year-end due to decreasing volatility and a more structured market. He also predicts a potential rise to $1 million per coin in the next four to eight years and $20 million in the long term.

Consensys, the parent company of MetaMask, has reportedly enlisted JPMorgan and Goldman Sachs to manage its upcoming initial public offering. The Securities and Exchange Commission's decision to dismiss a lawsuit over MetaMask's staking features has paved the way for the potential listing, reflecting a shift in U.S. crypto enforcement.

Bitcoin dropped to $110,000, down 3% after Federal Reserve Chair Jerome Powell's comments on a potential rate cut. The sentiment on prediction markets also fell, indicating a shift in traders' optimism for BTC's short-term future.

A filing by 21Shares with the SEC reveals plans for an ETF tracking the Hyperliquid decentralized exchange token. The proposed fund would utilize Coinbase and BitGo as custodians, offering exposure to HYPE, the 16th largest digital coin.