Strategy’s STRC preferred stock slides 11% below par as Bitcoin treasury model faces market skepticism
STRC, Strategy’s variable-rate perpetual preferred stock, ended at $89.15 per share on June 17, more than 11% below its $100…
Category: Financial
Yield Basis Deposits Jump 120% in 2 Weeks as Investors Seek BTC Yield Without Selling
Michael Egorov Says Demand Is Rising for $BTC Yield Strategies That Preserve Exposure Crypto investors have long faced an uncomfortable…
Bitcoin, ether slide after a hawkish Fed, even as Trump’s signed Iran deal lifts stocks
Crypto fell across the board on Thursday, shrugging off a signed Iran peace deal that lifted stocks, after the Federal…
Strategy’s STRC preferred stock hits a record low below par
A preferred stock that Strategy (MSTR) uses to help fund its bitcoin buying has fallen to a record low, constricting…
Bitcoin rises after Bank of Japan hikes interest rates to a 31-year high
Summary The Bank of Japan raised its key interest rate by 25 basis points to 1 percent, the highest level…
Breaking: Bitwise Withdraws Bitcoin & Ethereum ETF amid Focus on HYPE
Crypto asset manager Bitwise has filed with the US Securities and Exchange Commission to formally withdraw its S-1 registration statement…
CoinDesk 20 performance update: Uniswap (UNI) gains 12.9% while index trades lower
CoinDesk Indices presents its daily market update, highlighting the performance of leaders and laggards in the CoinDesk 20 Index. The…
State Street targets stablecoin reserve boom with new money market fund
Summary State Street has introduced a government money market fund tailored for stablecoin issuers, aiming to manage the reserves that…
Ripple invests in Flutterwave, pushing its stablecoin and XRP Ledger into payments across Africa
Summary Ripple invested in African fintech Flutterwave’s new funding round, valuing the company at $3.2 billion. Flutterwave will integrate Ripple’s…
Crypto Market Awaits US FOMC as Fed Rate Hike Odds Jump
The US Federal Open Market Committee (FOMC) interest rate decision is among the top events to watch this week in…