PRO

MicroStrategy shares fell more than 14% amid volatility over concerns about inclusion in the S&P 500: here's what happened

Shares of Michael Saylor's #MicroStrategy Inc. MSTR have fallen over the past five sessions amid concerns over barriers to inclusion in the S&P 500 and #bitcoin . The company's shares have fallen over the past five sessions amid heightened volatility due to a drop in the price of the BTC/USD coin
What Happened: MicroStrategy meets S&P 500 requirements for market capitalization and trading volume, but does not meet the criteria for revenue, according to Benchmark. Benchmark, according to a report on Investing. com.
To qualify for the S&P 500 list, a company must be profitable in the most recent quarter. In addition, according to the listing criteria, the company must also be profitable for the last four quarters.
the company also faces the challenge of not being able to include its bitcoin assets in its financial statements. According to Benchmark analyst Mark Palmer, MicroStrategy is poised to adopt the Financial Accounting Standards Board's new guidance on bitcoin accounting in Q1 2025.
This change is expected to immediately boost the company's revenue and potentially bring it into compliance with the S&P 500's inclusion criteria.
This criteria will allow MicroStrategy to significantly expand its investor base. This includes institutional investors and index funds tied to the S&P 500 index, which could increase demand for the company's stock.
Why it matters: According to Benzinga #Pro , MicroStrategy's stock price has fallen 14.44% over the past five sessions. On Friday, it fell and closed at $364.20.As a backdrop, bitcoin has fallen 9.95% over the past five days to $93,912.90. The iShares Bitcoin Trust #ETF IBIT has fallen 4.32% over the same period. LINE_. BREAK MicroStrategy now controls about 2.1% of the total bitcoin supply.

Read us at: Compass Investments
#GlobalCrypto

On Wednesday, Apple released long-awaited updates to its mobile and desktop operating systems. Pro

The new features announced today work on iPhone 15 #Pro or newer, iPad A17 Pro or M1 or newer, and Macs M1 or newer. Below is an overview of the new features. Generative Artificial Intelligence allows users to create images in posts. These images can be based on photos from the user's photo library and presented in a variety of themes, including animations and illustrations. Apple said Image Playground is also available from other apps, including Freeform and Keynote. Users can now create "genmoji" emoji, which are generated from text descriptions or photos.
Unlike traditional emoji, genmoji can be customized with accessories like hats and glasses, and themes that can be shared in the form of stickers and, of course, reactions. Siri finally got the brains of OpenAI's popular ChatGPT chatbot, without having to create a Chat Assistant account. Apple announced its partnership with OpenAI in June, and the ChatGPT integration, along with text responses, will also allow users to create images without having to navigate to the ChatGPT iOS app. For example, using the texting tool, users can ask ChatGPT to generate content and add images to documents. Note that as part of Apple's privacy protections (see below), requests sent to the chatbot will not be saved and will not be used to train the OpenAI model. Users can now find content by mood, genre, actor, or even decades of description, making the search more intuitive. Apple emphasized its commitment to user privacy, specifically, the IP addresses of users using the new ChatGPT integration are hidden to prevent communication between sessions. However, Apple said that users connecting to ChatGPT Plus/Pro accounts are subject to OpenAI data usage rules.
Read us at: Compass Investments
#CryptoNews #CryptoMarketTrends #TrendingTopic #BlockchainFuture

Amidst growing fears of stagflation in the US, inflation data is due to be released, including the Fed's "preferred" rate

Gold looks set to hit another all-time high, and the U. S. dollar will turn around after weeks of declines. #Bitcoin implied volatility has fallen to a #rare all-time high.
Bitcoin's implied volatility has fallen to a rare all-time high.
Analysts warn of trouble ahead as market sentiment worsens and network activity declines.
Bitcoin is poised to hit a new record high, according to Cointelegraph As data from Markets #Pro and TradingView shows, bitcoin has hovered in a narrow range since the Bybit hack last week, spoiling an attempted breakout.
However, the current liquidity situation in the order books of exchanges also shows that there is potential for a new breakout for both bulls and bears, CrypNuevo trader wrote in the February 23 thread X about his forecast for the coming week.
Probably more to the upside given that prices are in a LTF downtrend; $94.7k and $92.5k levels are key;
Another trader, Roman, is less optimistic and expects a return to the lower end of the multi-month trading range
attempts at growth have failed many times already, and there is not enough strength, he told subscribers.
Support at 90,000 seems to be approaching; a break of 98.4 and a close above it would invalidate it. The range is very narrow, so expect a quick move.
Meanwhile, on the weekly timeframe, trader Luca foresaw an upcoming test of bitcoin's bullish support #band .
This area, formed by two moving averages, is where BTC/USD has been acting as support since early October, when it reached an all-time high of $BTC Luca suggested that bitcoin is poised to rise again amid low interest rates, deteriorating sentiment and shrinking private investors.
US inflation indicators are putting pressure on risk assets, and markets are expecting the "last piece of the puzzle" this week.
Read us at: Compass Investments

However, as Finbold reported on September 7, there appears to have been a failed attempt to manipulate the outcome of a derivative bet between Trump and Harris on the Polymarket platform days after Trump's popularity rebounded in early September.

the end, Investigator X, known by the nickname Dumpster #DAO , at the time cited indicators of an attempted manipulation to artificially increase the odds of a vice presidential victory, and to capitalize on this, placed more than $9 million C on the purchase of Harris' #pro and Trump's anti-Trump stocks.
Overall, while the prediction market provides some insight into the popularity of the candidates, it also illustrates the complex nature of the upcoming US presidential election, where both camps have roughly the same chance of winning unless some shocking events occur, which emphasizes the importance of doing your own research when making important bets.
Read us at: Compass Investments
#transscreen.ru #news #GlobalCrypto