STRC, Strategy’s variable-rate perpetual preferred stock, ended at $89.15 per share on June 17, more than 11% below its $100 par value. The drop has raised fresh questions about investor appetite for Bitcoin-backed yield instruments. STRC was designed to offer a variable dividend while helping Strategy raise capital for its Bitcoin treasury strategy, but its
Strategy executive chairman Michael Saylor says the company’s core purpose is creating financial products backed by Bitcoin ($BTC), a business model he compared to a reserve bank. According to him, Bitcoin’s next stage of development should be about building a layered capital market around it. From Digital Gold to Digital Architecture In a June 16
Any recovery in the crypto market is likely to take longer than traders expect because Wall Street investors and advisory firms are now focusing on real-world applications, such as tokenization, and artificial intelligence rather than straight digital assets, according to Matt Hougan, the chief investment officer of asset-management company Bitwise. “We’ve lost the attention of
The Federal Reserve kept the federal funds rate locked at 3.50%-3.75% Wednesday in a unanimous decision, but it was the updated dot plot that instantly rewired expectations across rate-sensitive markets. According to the original report, nine of 18 FOMC participants now project at least one additional rate hike this year, with six officials penciling in
NeoPod hosted its first community AMA on June 10, featuring NNT writer and editor Dylan Grabowski, in a wide-ranging text-based Discord session covering Neo’s current state, the ongoing governance dispute between co-founders, and what the ecosystem needs to move forward. The event marks a new chapter for the NeoPod 2.0 refresh, which relaunched earlier this
The two-day meeting of the U.S. Federal Reserve’s open market committee (FOMC) will conclude on the 17th of June. The Fed’s new chair, Kevin Warsh, will make the rate-related decision on the same day. The FedWatch Tool showed that the market has all but decided that the Fed would hold the interest rate steady at
21Shares Says Bitcoin’s Upside Case Starts With a $70K Break Bitcoin could climb to $100,000 by the end of the third quarter if it clears $70,000 resistance, according to Matt Mena, Senior Crypto Research Strategist at crypto asset manager 21Shares. The forecast comes after the Federal Reserve signaled a more hawkish policy outlook. Market reaction
Quick Answer: A blockchain is a distributed digital ledger that records transactions across a network of computers in a way that is secure, transparent, and nearly impossible to alter. No single entity controls it. Every participant holds a copy of the same record. Once data is added, it stays — permanently and verifiably. Key Takeaways
Congressman Nick Begich (R-AK) sat down with the Bitcoin Policy Institute at PubKey in New York for a wide-ranging conversation that touched on his path from startup founder to Capitol Hill, his landmark American Reserve Modernization Act, and the dual promise and peril of artificial intelligence. The interview offered a window into one of Congress’s