Market
Analysis
Michael Saylor’s Bitcoin machine hits $8 billion cash wall as STRC crashes 25% below par
Strategy's STRC slump has raised concerns about the financing model that helped turn the company into the world’s largest corporate Bitcoin holder.
Legislation
Crypto firms race to lock in CLARITY Act rules before the Senate window closes
The crypto industry is widening its lobbying campaign as lawmakers confront a four-week window to settle enforcement and ethics disputes.
Market
These crypto tokens could be the biggest winners from the CLARITY Act
Hyperliquid, Aave, Uniswap and other revenue-generating protocols could benefit if clearer CLARITY Act rules bring more trading, lending and tokenized assets onto public blockchains.
Digital Asset Treasuries
Strategy’s Bitcoin bet sinks $12 billion underwater as STRC traders brace for more pain
Strategy still holds more than $50 billion of Bitcoin, but weaker securities and rising funding costs are leaving it with fewer attractive ways to keep buying.
TradFi
Bitcoin’s bear market struggle is killing crypto jobs but fueling a $10 billion Wall Street-backed M&A boom
BTC's market downturn has weakened hiring but created opportunities for traditional financial firms to buy crypto firms.
Liquidations
Bitcoin crash below $60,000 triggers $1 billion loss as markets now price Fed rate hike by October
Spot selling led the decline before forced liquidations spread losses across Bitcoin, Ether and other major cryptocurrencies.
Politics
Why anti-CBDC Trump refuses to sign bill banning a digital dollar through 2030
The president's opposition to a digital dollar remains intact, even as he delays signing the bill that would codify it.
Analysis
Saylor’s STRC Bitcoin machine is turning shareholders into its cash backstop – causing a dilution trade-off
The company is rebuilding a reserve depleted by a $1.5 billion debt repayment as rising preferred dividends shift more of the burden onto MSTR shareholders.
Liquidations
America’s Bitcoin buying turns negative as BTC drifts closer to the $57,300 liquidation trap
Bitcoin has lost 16% this month while ETF redemptions and weak US trading activity deepen pressure on the market.
Price Watch
Cardano’s scaling overhaul hit by a user confidence gap widened by ADA’s slump and wallet exploit
The network is moving ahead with Leios and Protocol Version 11 while a wallet exploit and a five-year token low overshadow its technical progress.
Culture
Ethereum Foundation cuts 20% of staff as ETH sinks 44% YTD despite record usage
The Ethereum Foundation cut 54 jobs and narrowed its mandate as record user activity collided with falling fees and a 44% decline in ETH.
CBDCs
Elizabeth Warren once said CBDCs have a “great promise” – Now she’s helping block it
The Massachusetts Democrat helped advance legislation preventing the Federal Reserve from issuing a retail CBDC before 2031.