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1Bitget Daily Digest (Dec. 5) | 21Shares Launches 2x Leveraged SUI ETF on Nasdaq; U.S. Treasury Debt Surpasses $30 Trillion; JPMorgan: Strategy’s Resilience May Determine Bitcoin’s Short-Term Trend2Bitcoin looks increasingly like it did in 2022: Can BTC price avoid $68K?3The Chainlink ETF Disappoints Despite $41 Million Inflows — Why?
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- 02:06Strategy CEO: There is no issue with being unable to pay dividends, but some people are spreading rumors.Jinse Finance reported that bitcoin treasury company Strategy posted on X platform the latest CNBC interview with its CEO Phong Le. He pointed out that Strategy does not have any issues paying dividends, but there are rumors being spread that the company cannot fulfill its dividend obligations, which has led the market to short bitcoin. Regarding the establishment of a $1.44 billion dividend reserve fund, Phong Le stated that Strategy raised $1.44 billion in just eight and a half days, equivalent to 21 months of dividend payments. The purpose of this was firstly to eliminate FUD (fear, uncertainty, and doubt), and secondly to prove to the market that even during a bitcoin down cycle, Strategy can still quickly raise funds.
- 01:44Investment bank Cantor Fitzgerald lowers Strategy's target price by 59% to $229, but maintains "Overweight" ratingAccording to ChainCatcher, analysts at investment bank Cantor Fitzgerald have set a 12-month target price of $229 for Strategy stock, about 59% lower than the previous expectation of $560. However, Cantor Fitzgerald has reiterated its "Overweight" rating and remains optimistic in the long term. The analysts now expect that over the next year, Strategy will raise $7.8 billion from the capital markets, instead of the previously expected $22.5 billion.
- 01:31Yield Basis has activated the fee switchOn December 6, it was reported that Yield Basis, a protocol developed by Curve Finance founder Michael Egorov, activated its fee switch on Thursday, becoming the latest crypto protocol to direct revenue to token holders. Some Yield Basis users have four weeks to claim more than 17 bitcoins accumulated since the protocol's launch in September. These bitcoins were worth nearly $1.6 million on Friday. The proposal to activate the fee switch was unanimously approved by Yield Basis token holders on Wednesday.
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