Strategy’s STRC preferred stock has fallen as much as 17% below its $100 par value, prompting Arca Chief Investment Officer Jeff Dorman to argue that selling billions of dollars worth of Bitcoin may be the company’s best path to easing pressure on its capital structure. According to a June 18 X post by Dorman, the
Changpeng Zhao (CZ), the founder of Binance, the world’s largest cryptocurrency exchange, made striking statements on a number of critical issues, ranging from Bitcoin cycles and global regulations to the threats of artificial intelligence (AI) and the future of quantum computing, during his appearance on the Galaxy Brains podcast. Evaluating the current state of the
Bitcoin has fallen nearly 3% toward $63,000 after stronger-than-expected U.S. labor market data reinforced the Federal Reserve’s hawkish outlook and reduced expectations for short-term rate cuts. According to U.S. Department of Labor data, initial jobless claims fell to 226,000 for the week ended June 13, down from a revised 230,000 in the prior week. The
Bitcoin price slipped below key support near $64,000 after a hawkish shift from the Federal Reserve erased gains tied to easing geopolitical tensions, placing the market at risk of a deeper pullback toward the $60,000 range. The bitcoin price fell from a June 17 high of $66,315 to an intraday low near $62,000 during early
Bitcoin is at a pivotal moment. Analyst Gareth Soloway has identified $63,500 as the single most important level in the near term. Bitcoin rallied from its double bottom to $67,200 before pulling back to current levels. That pullback is normal and healthy. But the level being tested right now is exactly where the original breakout
Strategy (formerly MicroStrategy), the world’s largest institutional Bitcoin holder, caused a major stir in the cryptocurrency markets with its recent Bitcoin sale. The company’s decision to sell only 32 Bitcoin (worth approximately $2.5 million) has raised questions among investors about whether the company’s strategy is faltering. Speaking on the matter, Strategy CEO Phong Le shared
Evernorth CEO Ashish Birla says blockchain is no longer a futuristic concept but a technology solving real financial problems today. Tokenization As The Next Big Shift In a National Cryptocurrency Association podcast on June 17, Birla highlighted that blockchain’s core value lies in removing intermediaries and replacing them with decentralized trust. Instead of relying on
Range, a fintech company specializing in stablecoin and fiat asset management, has raised $8.3 million in a Series A funding round. The investment was led by TX Ventures and SixThirty, two traditional fintech-focused funds, signaling growing institutional interest in bridging digital and traditional finance infrastructure. Funding Details and Strategic Backing The Series A round brings
Token Terminal recently shared insights on the potential of EUR stablecoins, emphasizing their growing market opportunity. The tweet highlights that on-chain EUR stablecoins have a market cap of approximately $770 million, while off-chain EUR stablecoins boast a staggering $16 trillion. This information was shared in a tweet that can be viewed here. Market Snapshot The
Delphi Digital recently shared insights on the changing dynamics within the cryptocurrency market, particularly concerning Bitcoin’s influence. Jason from Delphi Digital stated, ‘I don’t think crypto will be the market where Bitcoin has to dictate if things can be positive or not.’ This perspective highlights a potential shift in how traders view the broader crypto