Category: Business

Strategy’s First Bitcoin Sale When the largest corporate holder of Bitcoin sells, the market takes notice. According to the latest WuBlockchain Weekly, Strategy (formerly MicroStrategy) executed its first-ever Bitcoin sale this week, signaling a potential shift in how the firm manages its massive crypto treasury. The sale breaks a years-long pattern of accumulation that made

Bitcoin Treasury Capital (BTCB) has announced the upcoming launch of ‘$BTC PREF,’ a preferred stock that the company describes as Sweden’s first Bitcoin-backed preferred equity instrument. The stock will carry a 10% annual dividend and is scheduled to begin trading on the Spotlight Stock Market on July 20. What Is ‘$BTC PREF’ and How Does

In brief Strategy’s stock tumbled to a four-month low on Friday, and its flagship preferred stock slipped again. Benchmark-StoneX analyst Mark Palmer said STRC’s swoon “isn’t a real concern,” noting that the firm can hike its dividend to stoke demand. After Strategy disclosed that it sold 32 Bitcoin for $2.5 million this week, the company’s

Kevin Warsh was sworn in as the 17th Chair of the Federal Reserve on May 22, 2026, after the Senate confirmed him 54-45, the closest vote in the central bank’s modern history. He is, by a wide margin, the most crypto-literate person ever to hold the role. He has called Bitcoin “the new gold” for

Cathie Wood says the biggest IPO opportunity now arrives before a company ever lists, with most investors missing the steepest growth while firms stay private. The ARK founder framed SpaceX’s record filing as the start of a wider late-stage pipeline. Her firm holds six private companies it expects to list, each already at public-market scale.

Securitize has moved closer to entering public markets after securing regulatory clearance for its planned SPAC merger. According to the U.S. Securities and Exchange Commission, the agency has declared effective the S-4 registration tied to Securitize’s proposed combination with Cantor Equity Partners II, clearing the deal for a shareholder vote scheduled for June 29. If

Artificial Intelligence (AI) drove 38,579 US job cuts in May, the highest monthly total since tracking began in 2023, and the third straight month AI topped every other cause of layoffs. AI accounted for 40% of all cuts announced in May, as employers move faster to automate roles and restructure around the technology. AI Now

Financial giant BNP Paribas has predicted three Fed rate hikes as the U.S. labor market holds strong while inflation continues to rise due to the U.S.-Iran war. Notably, crypto market participants are also pricing in a hike, with the Polymarket odds rising to a new high following the latest jobs data.

Wall Street estimated US nonfarm payrolls at 85K, indicating cooling US jobs data after months of job gains. Moreover, the US unemployment rate is projected to hold steady at 4.3%.