The Daily: Strategy’s ok unless BTC falls to $8K, Charles Hoskinson’s down over $3B in crypto, Bithumb mistakenly sends bitcoin to users, and more

The daily crypto roundup highlights that Strategy CEO Phong Le stated the company's balance sheet is secure unless Bitcoin drops to $8,000 and stays there for five years. Meanwhile, Cardano founder Charles Hoskinson revealed he has lost over $3 billion in unrealized crypto value but refuses to liquidate. In operational news, South Korean exchange Bithumb mistakenly sent excess Bitcoin to users, causing temporary price fluctuations before accounts were restricted. Other key points include MARA Holdings moving $87 million in BTC amid the selloff, and Polymarket's parent firm filing trademark applications for "POLY" ahead of a native token launch. Analysts also noted Bitcoin's recent steep drop and potential exhaustion.

(Source：The Block)