STRC, the largest dividend-paying stock from Michael Saylor’s $BTC treasury company Strategy (formerly MicroStrategy), closed for trading yesterday at $87.31. That number is supposed to be $100. Saylor takes great pride in STRC trading at its par value. Its dividend snapshot date is just one week away and he wants it trading at $100 by
Bitcoin price traded near $62,600 at press time, according to crypto.news market data. $BTC was up 0.31% in 24 hours but remained down 4.38% over seven days. Daily trading volume stood near $23.99 billion, while market cap held close to $1.25 trillion. The price action came as CryptoQuant data showed a sharp drop in selling
Bitcoin is flashing conflicting signals, with a short-term breakdown pointing toward $57,500 while long-term support suggests a bottom may be forming. The next major move could decide whether $BTC enters a deeper correction or starts a recovery toward $71,000. Bitcoin Head-and-Shoulders Breakdown Targets $57.5K Bitcoin has broken below the neckline of a four-hour head-and-shoulders pattern,
Matrixdock, a platform specializing in the tokenization of real-world assets (RWAs), has launched its tokenized gold product, XAUm, on the Stellar network. The announcement, made on June 24, marks a significant expansion for the company, which is seeking to bring traditional commodities deeper into the decentralized finance (DeFi) ecosystem. Expanding into the Stellar Ecosystem The
A prominent voice in the cryptocurrency investment space has issued a stark warning about the financial health of MicroStrategy, the largest corporate holder of Bitcoin. Charles Edwards, founder of the crypto hedge fund Capriole Investments, publicly described the company’s current business model as a ‘time bomb’ and proposed a multi-step rescue plan that includes repaying
When Yat Siu addressed the SuperAI summit in Singapore, he didn’t offer a cautious corporate forecast. He laid out a vision where Asia leads the AI-blockchain convergence — and backed it with a $10 million check. Key takeaways Yat Siu, cofounder of Animoca Brands, envisions up to 200 billion autonomous AI agents operating on blockchain
Tokenized stocks have seen tremendous momentum ever since gaining initial traction last year. Weekly transfer volume across all chains crossed $2 billion for the first time last week, landing at $2.2 billion. Apart from this throughput growth, the number of holders is another metric that has shot up in tandem. This number has tripled since
Welcome to our institutional newsletter, Crypto Long & Short. This week: Regardless of which coin wins, infrastructure is the prevailing currency in digital assets, writes Caue Teixeira, CTO of Nonco. Using CoinDesk’s liquidation feed, Alen Pavlović of Liquibit Capital shows how early-June forced selling burned out near $68,000, days and nearly $9,000 above the actual
The recent decline in Bitcoin and altcoins is attributed to the growing interest in artificial intelligence. At this point, AI stocks experienced sharp increases, while $BTC and other cryptocurrencies suffered sharp declines. While many wonder when AI stocks will decline and when money will flow back into $BTC, a BlackRock executive has made some important
Bitcoin BTC$60,333.50 dropped to the $60,000 area on Wednesday for the second time this month, continuing its poor price action in the face of risk market rallies elsewhere. Also continuing to lose ground on Wednesday were gold and oil, each falling below key levels — gold $4,000 per ounce and oil $70 per barrel. Read