Microstrategy has a new rival

In addition: Ledger wants your nanos to retire with grace

GM. The markets are like a pineapple today, pointed, confusing, but still part of the cocktail. We cave.

👀 strategy vs twenty -one.

🍋 News Delipations: Mango market exploiter judgment

🍍 Market taste today

I could well start calling it PtoBecause we have finished cryin ‘😎

While exaggeration has cooled a bit compared to yesterday, in general the mood is still Quite glonky – Bitcoin It remains above $ 90K, and the feeling of investors remains in the greedy zone.

Basically, things are becoming comfortable again, and is appearing in the way people handle their BTC. Much is moving off Exchange – matter of fact, It is the Greater output flow Bitcoin exchanges since February 2023.

Translation: people do not plan to sell in the short term, and that generally means less volatility and a more stable market.

And it’s not just where Bitcoin goes – it’s Who holding it.

Bitcoin is moving From short -term headlines to long -term holders.

• Since January, people who have celebrated their BTC for more than 155 days have added more than 635k BTC;

• In contrast, short -term holders have reduced their exposure by 461k BTC.

This reallocation is important because long -term holders tend to be Less reactive to price swings. More supply in constant hands = less panic sales.

That type of configuration is a solid place to be. Let the glonkiness continue.

🧃 Don’t let your wallet become sour

• Why use a washing machine when I have hands and the local pond?

• Why call a taxi when I have a thumb and the gift of conversation?

• Why update my biggest book when my Nano S is still kicking?

Well, uhh … Why will it be better for you? 🤔

And now is the perfect moment – Ledger giving Nano S users 20% discount New devices.

It is his way of saying “thanks for staying” and also “maybe it’s time to level your safety.”

Update your nano s – He has done his job. Let it retire in peace.

🥝 Memecoin harvest

If stupidity is a superpower, these coins are the Avengers 🦸

Data at 06:40 am est.

Check out these memecoras and much more here.

Each gym has that Brother gym. You know, he who has always been flying has a protein schedule, stops at 3 am on a random Tuesday: he is there. The staff does not even verify their membership, he is The gym.

Now imagine a new boy arrives. It is not huge (yet), but it has that look. That Dawg in him. That “Give it three months and I will hit you” attitude.

In this story, The Og Gym bro is Strategy (Microstrategy, if you are traditional) – The heavyweight champion of Bitcoins retention companies.

And the new arrival? That is Twenty-one.

Twenty One is a new Bitcoin treasure company founded by Jack Mallers, the guy behind the strike, and supported by some serious names: Tether, SoftBank Group, Bitfinex and Cantor.

Your game plan? Go to public through a white fusion with singer Equity Partners. In simple English, they are associating with a Shell company to jump all the traditional OPI and Speedrun disaster in Nasdaq.

If everything goes as planned, you will see them merchant under the ticket XXIbut only after raising $ 585 million.

Now, the juicy part: they want Launch with 42,000 BTC (around $ 3.9b for value). This would be the third largest head of Bitcoin Corporate Bitcoin, behind Just Strategy and Mara.

Quite bold. And Mallers is not shy about it, he said they are not here to “defeat the market,” they are here to build a new one.

To make things even more juicy – Twenty -one straight said it could be a Best option for investors who want efficient exposure to Bitcoin than the strategy.

The logic is that the strategy is already maintained A Lotta bitcoin – More than 534k BTC – Therefore, any new purchase does not make a big difference in terms of value per action (also known as BPS: Bitcoin per action). Basically, the more BTC they have, the more difficult it will be to make each share more valuable.

Meanwhile, twenty -one is small (for now), which means that each bitcoin they add could have a much greater impact on the value of the shareholders.

Apart from the attitude below, Let us break down the gains and pains of twenty -one.

Pros:

• Start small = more potential relative growth;

• Built for BTC from scratch: Everything in the company is measured in BTC;

• No existing debt = flexibility from the beginning.

Cons:

• New execution not proven;

• It may need to collect aggressively capital (debt/dilution risk);

• Small compared to the strategy: MSTR has deep pockets and name recognition;

• There is no history vs. Microstrategy high profile BTC strategy and strong followers.

So, yes, it could be promising, but it is not objectively superior to Mstr, it is only positioned differently.

Mstr has scale, impulse and trust. Twenty -one have potential and a better starting point on paper.

And you know what is the best part? No matter who wins this flexion, It will still be optimistic for Bitcoin. More players, more attention, more corporate BTC stacking.

Enjoy the profits.

🍋

🇿🇦 Binance is adding some additional rules for users in South Africa. As of April 30, you must share details about who is sending crypto or obtaining it, otherwise, no deposits or retreats will be made.

⚖️ The former president of SEC, Jay Clayton, is now the United States Temporary Prosecutor for the Southern District of New York. However, it can only remain on paper for up to 120 days because Senator Schumer did not approve the usual appointment process.

⛓ Avraham “Avi” Eisenberg, who was declared guilty of stealing $ 110 million of mango markets, will be sentenced soon. Prosecutors want to get between 6.5 and 8 years in prison.

🙊 Yuga Labs wants almost $ 400k in wallet cryptography tied to Jeremy Cahen (also known as Pauly0x). They are still fighting for a 2022 demand where Cahen and Ryder Ripps launched an NFT collection that looked a lot like boring apes.

🇹🇭 Kucoin is growing his presence in Southeast Asia. They are planning to launch an encryption exchange in Thailand.

🍌 Juicious memes