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Financial Times: A Half-Baked Apology to the Bitcoin Community After 14 Years of Criticism
This publication investigates the mixed reactions from the Bitcoin community in response to Financial Times’ so-called “half-baked” apology after 14 years of relentless criticism of cryptocurrencies (Financial Times: arguably the world’s most respected financial newspaper). In a shocking about-face, FT—via its Alphaville column—admitted that it may have influenced the investment decisions of its readers but stopped short of changing its previous stance. The article looks at both positive and negative angles of this issue while providing an overall insight into the complicated relationship between the mainstream media and the cryptocurrency market. The apology was an instant talking point on social...
‘China’s MicroStrategy’ Exits Bitcoin, Cashes Out Before $100K Milestone
Meitu sold all its Bitcoin and Ethereum just before Bitcoin hit a record US$100k, realising a significant profit from the sale. The company plans to use 80% of the net proceeds for a Special Dividend and the remainder to boost its core imaging and design business. The profit from the cryptocurrency sale allows Meitu to focus more on its growing photo, video, and design products business. With Meitu’s exit from the crypto scene, Japanese firm Metaplanet and others in Asia remain as significant Bitcoin holders. Japanese company Metaplant has just become the ‘MicroStrategy of Asia’ after China’s version of the...
Memecoin Sector Captures 11% of Market, Reaching $127B Market Cap
Memecoins captured an 11% share of the crypto market in 2024, valued at US$127.6 billion, amid broader sector growth. The influence of Memecoins is unusually strong early in the bull cycle, persisting even as Bitcoin consolidated. Mog Coin and GmeStop surged by 46% and 55%, respectively, partly driven by influencer activity. Dogecoin remains a major player, holding the seventh market cap rank, with significant gains but still below its peak price. The Memecoin-boom of 2024 has been dominating the crypto-sector and if it wasn’t for the approval of Spot Bitcoin and Ethereum exchange-traded funds (ETFs) not much notable would have...
