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01:00
Mark Cuban: Has Sold Most of His Bitcoin Because It Failed to Serve as a Hedge
Foresight News reported that billionaire entrepreneur and former NBA Dallas Mavericks owner Mark Cuban stated on the Front Office Sports podcast that he has sold most of his Bitcoin holdings, as he believes Bitcoin has failed to effectively hedge against risks caused by a weaker US dollar and geopolitical turmoil, especially during the recent Iran conflict. “When the Iran war triggered this chaos, Bitcoin was always regarded as the best alternative to fiat currency devaluation, and I always thought it was superior to gold. However, while gold prices soared, Bitcoin dropped. And every time the US dollar depreciates, Bitcoin should have risen, but it hasn’t.”
00:54
Institution: Europe’s smartphone shipments fell 6% year-on-year in the first quarter of 2026
The memory price crisis has started to impact major smartphone manufacturers, with many brands either raising the prices of new products or reducing their configurations. Additionally, the outbreak of war in Iran has pushed energy prices to soar, further dimming economic growth prospects. These dual negative factors are suppressing consumers' willingness to purchase smartphones, and by the end of this quarter, market consumption weakness has become particularly evident.
00:54
A whale address receives 1,309 BTC from Galaxy Digital and FalconX
Monitoring shows that two newly created wallets (bc1qn and bc1q0) received 500 BTC (about 38.8 million USD) from Galaxy Digital. Another wallet received 809 BTC (about 62.7 million USD) from FalconX. Currently, the two addresses together hold 1,583.6 BTC (about 124 million USD). (Onchain Lens)
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