CryptoNews Round-Up : • Kerrisdale Capital Short-Sells Mic | Bitcoin & Crypto Trading

CryptoNews Round-Up :

• Kerrisdale Capital Short-Sells MicroStrategy: Kerrisdale Capital is short-selling MicroStrategy stock, labeling it “overpriced” due to its high premium to Bitcoin holdings.
• Decentralized AI Merger: Fetch.ai, SingularityNET, and Ocean Protocol have agreed to a merger deal to advance decentralized artificial intelligence, with a rebranding of Fetch.ai’s token to ASI.
• Ethena’s Stablecoin Project: Ethena plans to launch a governance token via an airdrop, aiming to enhance its stablecoin ecosystem.
• BlackRock’s Tokenized Fund Success: BlackRock’s first tokenized asset fund, BUIDL, has attracted $245 million in deposits in its first week, marking a significant step in asset tokenization.
• Ethereum Gas Fees Spike: Gas fees for Ethereum “blobs” saw a significant increase following the release of “blobscriptions,” a new minting method for inscriptions, although fees have since stabilized.
• Bitcoin Cash Futures Interest: Ahead of the network’s April 4 halving event, open interest in Bitcoin Cash-tracked futures has surged, indicating growing trader anticipation.
• Short Squeeze on MicroStrategy and Coinbase Stocks: Kerrisdale Capital’s short-selling of MicroStrategy stock and S3 Partners’ report on bearish bets on crypto companies have sparked discussions of a potential short squeeze in the sector.
• SBF’s Sentence: Sam Bankman-Fried has been sentenced to 25 years in prison, with the crypto community reflecting on the implications for the industry and the concept of reform and remorse in the justice system.

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