Bitcoin Buying Warning as Costs Grow

CryptoQuant advised MicroStrategy to stop buying Bitcoin as its ability to cover dividends decreased. Meanwhile, CBOE explores crypto perpetual futures, which are futures contracts with no expiry. Chainlink also joined a project for stablecoin foreign exchange.

CryptoQuant recently suggested that MicroStrategy should pause its Bitcoin purchases. This advice came because the company's dividend coverage, which is how well it can pay its shareholders, was shrinking. In other market news, CBOE, a major options exchange, is looking into offering crypto perpetual futures. These are special trading contracts for cryptocurrencies that never expire. Separately, Chainlink, a decentralized oracle network that provides real-world data to blockchains, has partnered with a new project focused on foreign exchange for stablecoins, which are cryptocurrencies pegged to stable assets like the US dollar.