Category: crypto

CryptoQuant has advised Strategy to pause Bitcoin purchases and focus on rebuilding its cash reserves due to increasing pressure on its stock structure. Strategy’s dividend coverage has fallen to 14 months, with cash reserves shrinking rapidly. Ki Young Ju suggests that Bitcoin buying by Strategy may not drive new rallies, but rather defend current ranges.

South Korea’s Financial Intelligence Unit has referred 40 unregistered crypto firms to law enforcement and warned consumers about risks related to unauthorized crypto businesses. Overseas platforms were targeting Korean users through messaging apps. New regulations for cross-border digital asset transfers are being implemented as regulators increase oversight of the crypto sector.

Reece Merrick from Ripple compared the current state of crypto payments to the early stages of e-commerce in 2000, where online shopping was not widely trusted or used. He believes that with the right infrastructure, including stablecoins and scalable blockchains, crypto payments can eventually become mainstream like online shopping did.

Investors who sued Mark Cuban and the Dallas Mavericks over promoting Voyager Digital have appealed a federal court ruling dismissing the case on jurisdictional grounds. The appeal challenges the dismissal and a later order, with Cuban and the Mavericks remaining as defendants after other celebrity promoters settled with investors in 2024.

Robinhood’s stock has moved away from Bitcoin’s recent weakness, indicating investors may now focus on the company’s broader business growth. Robinhood has raised $2 billion through convertible notes, used for various purposes including buybacks and acquisitions. The company’s expansion into prediction markets and AI trading tools may reduce its correlation with Bitcoin.

Halborn has completed a re-audit of Ripple’s XRP Ledger lending protocol, finding no critical or high-risk flaws. The review focused on code changes for fixed-term loans and Single Asset Vaults. Ripple addressed all reported findings as the protocol expands towards lending and institutional DeFi tools. The protocol aims to support on-chain, uncollateralized loans using pooled…

Binance will pursue authorization in another EU country if its Greek licensing application does not advance before the MiCA compliance deadline on July 1. Regulators in Greece, Ireland, and Latvia have expressed concerns about Binance’s compliance history, corporate structure, and executive oversight. Binance remains committed to operating in Europe despite setbacks.

STRC and SATA, Bitcoin-linked preferred stocks, are gaining attention with Strive CEO Matt Cole projecting a $3 trillion digital credit market tied to Bitcoin income products. Strive recently purchased 759 BTC using funds from SATA, but concerns arise as STRC trades below its $100 par value and Strategy may need $2.8 billion in cash reserves.

Kalshi has expanded its CFTC-regulated crypto perpetuals lineup with Zcash, Near, and Shiba Inu contracts. Legal battles over the platform’s products are escalating, with CME Group challenging the CFTC’s approval of similar products and the regulator fighting Kentucky over market oversight. Traditional finance firms are exploring perpetual and prediction-style trading products.

Bitcoin skeptic Peter Schiff criticized Strategy’s falling stock price, warning that further declines could force the company to sell Bitcoin to fund stock buybacks. Concerns over Strategy’s balance sheet have emerged, with CryptoQuant urging the company to pause Bitcoin purchases and focus on rebuilding cash reserves amidst rising dividend obligations.