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Exodus Movement selling Bitcoin to fund payments amid losses, illustrated with digital finance graphics and declining charts.
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Exodus sells bitcoin to fund payments push after posting loss

Reported by AI Image generated by AI

Exodus Movement sold more than 1,000 bitcoin in the first quarter to raise cash for its payments acquisitions. The company reported a wider net loss as revenue declined sharply.

US consumer prices rose more than expected in April, sending stocks lower and pushing bitcoin briefly under the key $80,000 level before a modest recovery. The data reinforced bets that the Federal Reserve will hold rates steady.

Reported by AI

CleanSpark posted a net loss of $378.3 million for the quarter ending March 31, more than double the prior year's figure, as a non-cash bitcoin adjustment weighed on results.

The Morgan Stanley Bitcoin Trust completed its first month of trading on May 8 without any net outflows, drawing $193 million in inflows since its April 8 launch.

Reported by AI

Strike CEO Jack Mallers has rejected the notion that Wall Street endangers Bitcoin. He described the digital asset as money for all and insisted it must stay open and accessible to succeed.

Bitcoin briefly fell below $80,000 on Thursday as analysts noted rising profit taking among traders. The move came despite recent technical signals pointing to potential upward momentum.

Reported by AI

Morgan Stanley has started offering clients the ability to trade cryptocurrencies directly inside E*Trade brokerage accounts, executing a partnership announced last September.

 

 

 

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