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21:34
The relative position premium of Strategy MSTR has fallen below 1, and Bloomberg reports that the trade is unraveling.
According to Odaily, BitcoinTreasuries.NET stated on X that Bloomberg reports fewer people are willing to pay the high premium for Strategy MSTR as they did before due to the decline in Bitcoin. The premium of Strategy MSTR relative to its holdings once reached 200%, but has now fallen below 1, indicating that this trade is unwinding.
21:33
James Wynn was liquidated twice within 24 hours while shorting the S&P 500 Index.
Arkham monitoring shows that James Wynn has shifted from cryptocurrency trading to traditional finance and was liquidated twice within 24 hours while shorting the S&P 500 Index. (Cointelegraph)
21:29
Extreme heat puts heavy pressure on the US power grid, causing electricity prices in New York to soar
Electricity prices are already on an upward trend. As of 3:25 p.m. local time, New York City’s electricity price has risen above $1,100 per megawatt-hour, and it is expected to increase further in the evening. In the area covered by the largest U.S. power grid operator, PJM Interconnection LLC, electricity prices have soared to the highest level since the historic winter storm that hit the East Coast in January this year. Read more
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