NEW: Investor Jim Chanos is shorting MicroStrategy while going long on Bitcoin, calling the stock overvalued relative to its BTC holdings. “We’re selling MicroStrategy and buying Bitcoin, basically buying something for $1 and selling it for $2.50,” he told CNBC

Brian Armstrong on Coinbase's inclusion in the S&P500: "It shows crypto is here to stay. People will now have crypto exposure in all of their 401K's"

NEW: Bitcoin Taker Buy/Sell Ratio exceeds 1.00, reaching 1.02 – a level historically associated with price breakouts, per CryptoQuant.

NEW: Bitcoin exchange netflow on the rise as both small and large investors engaged in a selling spree last week.

Popularized by Michael Saylor, “Bitcoin torque” refers to the extra value generated per dollar invested in Bitcoin. Torque = current value of Bitcoin holdings ÷ total dollars spent It applies equally to mining capex, convertible bonds, or spot purchases. Every dollar in counts the same. By this measure, Tesla and Block stand out as top performers thanks to their early buy-in and stack retention.

New data from Alphractal shows short-term Bitcoin holders (those holding for under a month) are largely sidelined, holding just 2.36M BTC. That’s down from 3.94M in March 2024 and 5.44M during the April 2021 peak, suggesting the market may still be in a “disbelief” phase.

American Bitcoin chose a reverse merger with Gryphon Digital instead of an IPO, a faster and simpler method of going public. https://bitcoinnews.com/markets/american-bitcoin-public-merger-gryphon/

JUST IN: Tether buys 4,812 BTC for $458 million ahead of launching its new Bitcoin treasury company, Twenty One.

NEW: The 🇺🇸 SEC allowes Dell Technologies to exclude a shareholder proposal that would have required the company to evaluate Bitcoin as a potential treasury reserve asset.

NEW: The daughter of a French crypto executive narrowly escaped a kidnapping attempt in 🇫🇷 Paris Tuesday morning. Masked assailants tried to force her into a van before being fought off by her partner and bystanders. One of whom grabbed a dropped gun and aimed it back.