Bitcoin Fall Was Triggered By .3 Billion IBIT Dark Pool Sale

An unknown trader’s $1.3 billion sale of shares in BlackRock’s Bitcoin exchange-traded fund on Tuesday has coincided with a steep fall in the price of Bitcoin immediately after the sale, according to analysts.A trader sold 29.2 million shares of BlackRock’s iShares Bitcoin Trust ETF (IBIT) at 2:30 pm UTC on a “dark pool,” a private trading platform that institutions often use to discreetly make large trades outside of public markets.The impact of the $1.3 billion…

Politics

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Business

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Strategy Buys Back .5B of Debt at Discount

Michael Saylor’s Strategy, the largest corporate Bitcoin holder, has repurchased $1.5 billion of its 0% convertible senior notes due in 2029 for $1.38 billion at an 8% discount to par, in a move that significantly cuts future debt obligations.The purchase reduces Strategy’s outstanding debt through convertible notes from $8.2 billion…

Lifestyle

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Southern California mall begins transformation into sprawling mega complex — with 2,250 homes and 15 acres of parks

Construction crews have broken ground on Bolsa Pacific, a massive 83-acre mixed-use development set to replace the long-struggling Westminster Mall in Orange County, according to developers and project officials. The sprawling redevelopment promises to transform the site into what developers are calling “a vibrant mixed-use neighborhood with homes, shops, dining and community…