T-REX 2X Long GLXY Daily Target ETF(GLXU.US)

Last Updated 19:00:00 ET
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T-REX 2X Long GLXY Daily Target ETF
GLXU.US
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MicroStrategy Doubles Down on Bitcoin Despite Recent Price Struggles

MicroStrategy plans to increase its Bitcoin investments despite recent price challenges, holding 712,647 BTC at an average cost of $76,037 per coin. With Bitcoin trading around $78,000, the company's unrealized gains are minimal. To fund further purchases, MicroStrategy raised its Series A Perpetual Stretch Preferred Stock dividend to 11.25%, attracting fresh capital. Critics caution that servicing these dividends may strain cash flow if Bitcoin prices stagnate. Nevertheless, the firm remains committed to its Bitcoin strategy, indicating a willingness to buy more amid market volatility.

Beincrypto·
US
GLGG
-11.20%
US
GLXU
-11.93%
Beincrypto·
US
GLGG
-11.20%
US
GLXU
-11.93%

Former Top Whale Faces Significant Losses

A prominent cryptocurrency whale, known as '1011 Insider Whale,' has experienced a dramatic shift in fortunes. According to PANews, the whale previously topped profit rankings with gains exceeding $142 million. However, it now ranks first in losses, with total losses amounting to $128.87 million.

CoinLive·
US
GLXU
-11.93%
US
GLGG
-11.20%
CoinLive·
US
GLXU
-11.93%
US
GLGG
-11.20%

Here are Bitcoin's 5 biggest risks that investors can't ignore

The strongest bulls take the time to learn the opposite point of view.

MSN·
US
GLGG
-11.20%
US
GLXU
-11.93%
MSN·
US
GLGG
-11.20%
US
GLXU
-11.93%

Hyperliquid’s market share surges to 33% – Can HYPE target $36 next?

Hyperliquid's market share has surged from 18% to 33% due to increased trading in equity perpetuals, positioning it as a key cross-asset platform. The platform's recent upgrade, HIP-3, has expanded its offerings to include equity and commodities. Notably, 30% of its trading volume now comes from non-crypto assets. The growth in equity perps is expected to positively impact its native token, HYPE, with a 70% price increase observed. However, maintaining support at $28 is crucial for a potential breakout above $36; otherwise, a drop below this level could revert HYPE to previous price ranges.

Amb Crypto·
US
GLXU
-11.93%
US
GLGG
-11.20%
Amb Crypto·
US
GLXU
-11.93%
US
GLGG
-11.20%

Significant BNB Transfer to Galaxy Digital

A substantial transfer of BNB tokens has been reported. According to ChainCatcher, at 12:33, a total of 3,499.99 BNB was moved from an anonymous address, starting with 0x81E4, to Galaxy Digital.

CoinLive·
US
GLXU
-11.93%
US
DECO
-4.29%
US
HECO
-3.33%
CoinLive·
US
GLXU
-11.93%
US
DECO
-4.29%
US
HECO
-3.33%
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