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Coinbase $COIN Conor Grogan believes an $8 billion Bitcoin whale wallet has been compromised. If confirmed, this will be the largest Bitcoin heist in history.

Microstrategy stock recorded massive gains amid its aggressive bets towards Bitcoin (BTC), which has gained notable traction from the market participants. However, the Company has faced legal woes recently, which have sparked discussions in the market. Although the recent movements of the stock indicate that the investors remain optimistic about the future performance of the company. MicroStrategy Stock Stays in Green Despite Recent Setbacks MicroStrategy Stock (MSTR) has added around 0.43% in the pre-market trading session on Friday and exchanged hands at $403.99. Notably, the MicroStrategy stock recently closed with a gain of 7.76% rising to $402.28 on July 1. The stock extended its weekly gains to around 3.5%, while recording a surge of over 8% over the last 30 days. On a year-to-date (YTD) basis, the MSTR stock has added about 39%. Meanwhile, the surge comes amid a rally in the major crypto stocks like Coinbase, Circle, and others. The COIN stock has added about 42% on a YTD basis, while the CRCL stock rocketed about 474% since its Wall Street debut. Notably, Coinbase has also gained traction with its recent move to buy LiquiFi. Besides, the latest reports also indicate that COIN stock might hit the $510 level soon. MSTR Soars Despite Legal Woes MicroStrategy Stock has continued to soar despite a recent class-action lawsuit and a significant unrealized loss on its Bitcoin holdings. MicroStrategy, which has rebranded itself as a “Bitcoin Treasury Company,” has been aggressively accumulating Bitcoin since 2020. However, its adoption of a new accounting standard, ASU 2023-08 has led to a $5.9 billion unrealized loss on its digital assets in the first quarter of 2025. The lawsuit, filed by Pomerantz Law Firm, alleges that MicroStrategy made false and misleading statements about its Bitcoin-focused investment strategy and treasury operations. The company is accused of downplaying the risks associated with Bitcoin’s volatility and the potential losses it could recognize on its digital assets. MicroStrategy’s stock price did take a hit after the company disclosed the $5.9 billion unrealized loss, falling 8.67% to $268.14 per share. However, the stock has since rebounded, suggesting that investors remain bullish on the company’s Bitcoin strategy. The company’s decision to adopt ASU 2023-08, which requires publicly traded companies to measure their crypto assets at fair value, has had a significant impact on its financial statements. Prior to its adoption, MicroStrategy accounted for its Bitcoin holdings under a cost-less-impairment model, which did not reflect the assets’ true market value. Notably, MicroStrategy has recently acquired 4,980 additional BTC for $531.9 million. With this accumulation, its total BTC holding was 597,325 Bitcoin. Can MicroStrategy Stock Rally Sustain? Despite the recent legal drawbacks, analysts have remained bullish on the future performance of the stock. For context, TD Cowen analysts have reiterated their Buy rating and $590 price target, citing the company’s aggressive Bitcoin acquisition strategy as a key driver of growth. The company’s Bitcoin-focused strategy has been a resounding success, with MicroStrategy purchasing 69,140 Bitcoins in Q2 2025. This exceeds TD Cowen’s estimate of 66,000 Bitcoins and has generated over $4 billion in Bitcoin dollar gains. According to TD Cowen’s projections, MicroStrategy’s Bitcoin holdings are expected to continue growing, with the company projected to hold over 850,000 Bitcoins by the end of fiscal year 2027, representing 4.1% of all Bitcoins ever mined. The company’s financial performance is also expected to benefit from its bitcoin strategy. TD Cowen estimates a Bitcoin yield of 26.1% for fiscal year 2025, up from 25.8%, with Bitcoin dollar gains expected to reach $11.9 billion. This growth in bitcoin holdings and yields has contributed to the company’s stock price surge. A review of MicroStrategy’s stock chart reveals several key levels to watch. The stock has been trading above its 50-day and 200-day moving averages, indicating a bullish trend. However, the Relative Strength Index is nearing neutral levels after being oversold, suggesting that the stock may be due for a correction. The Moving Average Convergence Divergence indicator is showing signs of a bullish crossover, which could indicate further upside potential. Key resistance levels to watch include $323.40, $364.95-$444.63, and $542.84. On the downside, support levels include $280.49, $227.28-$200.00, and $182.84-$152.26. These levels will be crucial in determining the stock’s trajectory in the coming months. While MicroStrategy’s Bitcoin-focused strategy has been successful, it also poses significant risks. The company’s high debt-to-equity ratio and reliance on Bitcoin’s performance make it vulnerable to market fluctuations. Regulatory developments and changes in market sentiment could also impact the stock’s trajectory. The post MicroStrategy (MSTR) Stock Soars Despite Legal Hurdles, Rally to Sustain? appeared first on The Coin Republic.

Crypto Stocks: Understand What is Moving in the Market and Why. Strategize Your Digital Asset Investment Strategy Bitcoin (BTC): Bitcoin climbed to $110K, buoyed by ETF inflows, corporate demand, and macro optimism from trade developments and new ETF products. Its technical trend remains bullish above key moving averages. MicroStrategy (MSTR): MSTR rose with Bitcoin’s surge and Q2 optimism, though insider sales raised concerns. Its aggressive BTC accumulation and profit expectations supported strong momentum. Marathon Digital (MARA): MARA soared 19% as optimism over BTC holdings and growth plans outweighed short-term mining declines. Strong call volume reflects bullish sentiment. Riot Platforms (RIOT): RIOT jumped on a big YoY production gain despite a MoM dip, bolstered by favorable sales and power credits. The overall outlook is positive with strong profitability drivers. Bitfarms (BITF): Bitfarms gained on restructuring plans and institutional optimism, though legal issues and share sales caused brief setbacks. A pivot toward AI boosted outlook. Bitdeer Technologies (BTDR): BTDR rallied on strong BTC accumulation, an AI innovation award, and surging call volume. Momentum remains supported by its operational strength. Cipher Mining (CIFR): Cipher exploded higher after smashing hashrate expectations and expanding its infrastructure. Investor confidence surged on execution and scale. CleanSpark (CLSK): CLSK rallied on new divisions to monetize BTC holdings and major infrastructure expansions. Call options spiked alongside sentiment and stock price. Galaxy Digital (GLXY): Galaxy rose on a successful fundraise, AI partnerships, and Solana ETF optimism. Heavy call activity reflected rising institutional and retail confidence. Coinbase (COIN): COIN rose on acquisitions and regulatory hopes despite a temporary Ark Invest selloff. New U.S. regulated futures further supported its momentum. HIVE Digital Technologies (HIVE): HIVE rallied strongly on booming AI earnings and robust financial results, despite an earnings miss. Call volume reflected investor excitement. Hut 8 (HUT): HUT surged on major power agreements and a record mining site launch. Strong fundraising added to bullish investor positioning. Iren (IREN): Iren rose sharply on record revenues, major GPU investments, and leadership changes. Its AI-focused strategy fueled investor enthusiasm. TeraWulf (WULF): WULF spiked as BTC gains boosted its mining value and infrastructure developments increased capacity. Investor sentiment was highly bullish. Robinhood Markets (HOOD): HOOD hit a record on tokenized stock offerings and crypto product expansion. Call activity and analyst upgrades signaled bullish momentum. Metaplanet (3350.T): Metaplanet climbed on BTC purchases, zero-interest bond financing, and strong earnings. Regulatory concerns in Japan slightly tempered gains. Northern Data (NB2.FT): Despite a weekly decline, Northern Data’s AI data center plans and energy partnerships sparked optimism. Market reaction was cautious amid energy cost concerns. Bit Digital (BTBT): BTBT rallied on Ethereum staking plans and strategic shifts despite short-term uncertainty. Insider buying and IPO plans supported long-term confidence. Core Scientific (CORZ): CORZ surged on acquisition rumors and a massive AI deal with CoreWeave. Investor excitement is evident in sharp price gains and heavy call trading. Circle (CRCL): Circle dropped on JPMorgan’s downgrade but rebounded on stablecoin leadership optimism. Mixed analyst sentiment and insider activity created volatility. The full breakdown - and what is likely to happen next - is available exclusively in our latest subscriber 'Strategy' report. Click the link in our bio to access the full analysis.

In the past few days when Silly Brother went to Hong Kong, currency stocks are the biggest theme in the market. Currency stocks are roughly divided into two parts: currency theme stocks + stocks on the chain: Theme stocks in the currency circle: Ouke Cloud Chain, New Goods, Hood, Coinbase, Circle, Mara, Mstr These little brothers. There is also Trump's DJT, which not only raised 2 billion to buy flatbread, but also directly applied for a btc/ETH hybrid ETF. Recently, many small-cap stocks are planning to hype the theme of the currency circle. Rub on stablecoins, RWA, and other themes. There are also special brokerages that support U deposits, such as Shengli Securities, Guotai Junan, etc. In addition, the brokerage that does this cryptocurrency trading service has made a lot of moves recently. If you can't rub these things up, and you have no relationship or business ability, you can also buy ETH or BTC directly. For example, the brightest boy recently, the brave little brother Bmnr financed to buy eth; It pulled 30 times faster, fiercer than a soil dog. Stock on-chain: The stock on the chain is actually a breakthrough in supervision, and there is no need for KYC + tax exemption. At present, GMGN, debot and other first-class earth dog platforms are engaged in it. But the 1% commission for playing stocks is too high. Robinhood's solution is to do stock trading on its own. Robinhood is also a broker itself and has an advantage. The biggest change in robinhood is the listing of non-tradable shares on the chain, giving retail investors the opportunity to participate in private placements of companies such as openAI. Gate started to make contracts for U.S. stocks, providing ultra-high volatility. The core of the stock chain is the private placement of the public + the stock itself + the platform that provides trading services. Thinking more long-term, stocks come to the crypto world without KYC + tax exemption. Whether it is a superimposed contract or a private placement, this variety may evolve into a more attractive variety than the original stock. A large number of stock derivatives were born. Another side effect is that all crypto assets, including BTC, ETH, copycats, and MEMEs, will be diverted. Some analysts believe that copycats will be diverted while BTC will not. Will BTC be shunted by NVIDIA? From the perspective of logical self-consistency, all crypto assets are bearish, without exception.