Category: crypto

Grayscale Research Head Zach Pandl is reviewing Strategy’s Bitcoin treasury to ease investor concerns. He suggests that selling over $3 billion in BTC could restore market confidence by covering cash obligations. Strategy’s preferred stock model is under pressure as STRC trades below $100, impacting funding choices. Recent small BTC sales have raised doubts about the…

Coinbase and OKX are targeting European crypto users after Binance suspended some services in the EU due to not having a MiCA license. Both exchanges are offering transfer bonuses and promotions to attract users before the July 1 deadline. Binance is keeping assets accessible while seeking a new EU authorization route.

Galaxy Digital has reduced the estimated chance of the CLARITY Act passing in 2026 to 50% due to Senate scheduling delays, not policy disagreements. Traders on Polymarket also give a 41% chance of the law passing. The Senate calendar and lack of legislative progress are major obstacles to the bill’s passage.

Ripple CEO Brad Garlinghouse criticized Michael Saylor’s Bitcoin funding model, stating that long-term value should come from utility, not financial engineering. Strategy’s preferred stock financing has been criticized for weakening securities. Investor scrutiny includes insider share sales, a shareholder investigation, and CryptoQuant’s advice to preserve cash. Despite concerns, options markets do not predict an immediate…

Securitize is set to raise $400 million through a merger with Cantor Equity Partners II ahead of its planned NYSE debut. Backed by major firms like BlackRock and Coinbase, Securitize continues to expand its tokenization business. The market debut comes as the company faces a patent dispute with tZERO.

Kalshi has secured FIFA World Cup branding exposure through a partnership with ADI Predictstreet. The agreement expands Kalshi’s sports strategy as trading volume exceeds $1 billion per day. Kalshi is not an official FIFA partner but will have visibility at the tournament through the arrangement. The company is also challenging Illinois’ licensing law and pursuing…

SoftBank Group shares dropped 12.5% after reports indicated that OpenAI is considering delaying its IPO until 2027 to potentially reach a $1 trillion valuation. OpenAI’s expanding business and SoftBank’s significant financial commitment to the company have made investors view SoftBank as a proxy for OpenAI’s future value.

ARK Invest, led by Cathie Wood, purchased $25.54 million worth of shares in Coinbase, SpaceX, Circle, Bullish, and Robinhood. The largest investment was in Coinbase, followed by SpaceX and Circle. This buying spree follows previous purchases earlier in the week, with Wood maintaining a positive outlook on the market despite inflation concerns.

Cathie Wood believes that global instability could lead to another Bitcoin rally as investors seek assets to protect wealth across borders. She argues that AI cannot replace Bitcoin in this role. ARK Invest recently added $25.54 million in various shares, reflecting Wood’s positive outlook on financial markets despite inflation concerns.

Metaplanet saw a sharp decline in its stock price on June 26, reaching a new 52-week low of ¥195. Despite this, the company still holds a significant amount of Bitcoin. The stock’s value is being affected by factors beyond its Bitcoin holdings, such as dilution and market sentiment. CEO Simon Gerovich has mentioned the possibility…