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Search results for Jan. 30

Crypto

Michael Saylor says bitcoin\'s identity will not change and financial system must adapt

Michael Saylor said bitcoin\'s identity would not change even if bitcoin-linked financial products spread, arguing the capital market structure would adjust while bitcoin remains the same. He said institutional demand can be absorbed in financial layers outside the bitcoin protocol, without staking, protocol changes or new imitation currencies. Strategy said its board approved a digital credit capital framework and detailed it in SEC filings.

Industry

Fake IDs used to steal Tesla batteries in 11 thefts at Gigafactory Nevada

Trailers carrying batteries at Tesla’s Gigafactory Nevada have been stolen at least 11 times since last December. The thefts occurred in a staging area before customer delivery, with nine cases concentrated in January, Electrek reported. Investigators believe the crimes resembled organised cargo theft, with suspects using forged identification and exploiting gaps between brokers and carriers. Three men in their 20s were arrested on Jan. 30 and face felony charges.

Crypto

Bitcoin, Ethereum ETPs see $1 billion outflow; altcoins mixed

Crypto exchange-traded products (ETPs) saw a $1.07 billion outflow last week, ending a six-week run of inflows. CoinShares data showed withdrawals concentrated in bitcoin and ether products. U.S. investors pulled $1.14 billion, while some European markets posted small inflows. XRP and Solana products attracted funds. The moves coincided with a late-week dip in the S&P 500 and concerns about oil shipping disruptions near the Strait of Hormuz.