Morgan Stanley Wealth Management and Galaxy Digital have partnered to let eligible clients lend crypto in exchange for crypto ETP shares.
The Maryland Democrat says bipartisan crypto legislation is close, but ethics and illicit finance concerns remain unresolved.
Several headwinds converged over bitcoin recently as its largest buyer turned seller, ETF investors headed for the exits, and rate-hike fears rose.
Grayscale’s head of research says Strategy’s leveraged business model has come under pressure, and that pressure could make it harder for the company to keep adding Bitcoin to its holdings. Related Reading: Bitmine Seeks $300M Raise To Accelerate Ethereum Accumulation Strategy A Dividend Problem Taking Shape Zach Pandl made the assessment Thursday after Strategy sold 32 Bitcoin — a tiny slice of its 843,706 BTC stockpile — triggering a wave of selling that has knocked Bitcoin down 16% since the transaction. Strategy also offloaded $128 million in shares, and its stock has dropped nearly 13% to a two-month low of $126. At the center of the concern is STRC, a variable-rate preferred equity instrument that Strategy designed to trade at $100 per share and pay an 11.5% dividend. It is now trading around $95 — below the target price — a sign that investors are demanding a higher return than the instrument currently offers. If Strategy responds by raising the dividend to pull STRC back to par, cash obligations grow. Higher cash obligations could push the company toward selling more Bitcoin. More Bitcoin sales could weigh further on prices. Pandl put it plainly: Strategy’s levered model is under pressure, and that has increased volatility for the Bitcoin market as a whole. What Saylor’s First Sale Changed Until this week, Strategy had operated under a strict buy-and-hold approach, treating Bitcoin accumulation as a one-way strategy. The sale of 32 BTC — however small — broke that pattern and shook confidence among investors who had built a bullish thesis around the assumption that Saylor would never sell. Augustine Fan, a partner at crypto software firm SignalPlus, said markets are blaming the sales and STRC’s discount for driving the latest downturn, but added that even committed supporters are finding fewer reasons to stay structurally bullish. All eyes, Fan said, are on how Saylor manages liquidity by balancing STRC dividend payments against Bitcoin holdings. Related Reading: Bitcoin Faces Pressure As Investors Rotate Capital Into AI Buildout: Saylor A Healthier Market Without The Concentration Grayscale’s Pandl sees a broader upside to a potential shift away from concentrated, leveraged BTC holdings. Less Bitcoin sitting on the balance sheets of highly indebted companies, and more spread across diversified corporate holders, would benefit the Bitcoin ecosystem over the long run, he argued. Featured image from Unsplash, chart from TradingView
The default signals increased risk in the municipal bond market, prompting investors to reassess the reliability of similar securities.
The post Nassau County agency defaults on $36M tobacco bond payment, marking first-ever default in $80B sector appeared first on Crypto Briefing.
XRP lost another 5% after a high-volume breakdown overwhelmed support near $1.20, leaving traders focused on whether the latest washout marks capitulation or the start of a deeper slide.
Crypto markets are in freefall. Bitcoin has crashed to a four-month low of $60,951, down 18% in just four days and shedding $13,500 in value since Strategy’s 32 Bitcoin sale triggered the first wave of panic selling last week. The total crypto market cap has fallen to $2.11 trillion, down 4.81% on the day, and …
A direct peace dialogue could stabilize global markets, easing energy and agricultural disruptions, and potentially reshape geopolitical dynamics.
The post Volodymyr Zelenskyy proposes direct peace talks with Vladimir Putin in open letter appeared first on Crypto Briefing.
Visa is testing private stablecoin settlement on Canton with Brale, exploring whether institutions can use blockchain without exposing sensitive transaction data.
Charles Hoskinson, the founder of Cardano, has broken his silence in what he described as one of the most difficult periods of his decade-long career, addressing ADA’s price, the Cardano Foundation’s accountability problems, and his own future role in the ecosystem in a raw and deeply personal video address. On ADA Getting Back to $3 …
Putin's stance sidelines Europe, potentially reshaping global diplomatic dynamics and impacting geopolitical stability and economic markets.
The post Putin rebuffs European leaders on Ukraine talks, seeks Trump deal appeared first on Crypto Briefing.
The shift from tech to healthcare and banks signals a potential long-term sector rotation, impacting investment strategies and market dynamics.
The post Dow surges 900 points in final hour to record high as investors ditch tech for healthcare and banks appeared first on Crypto Briefing.
The reconvening of U.S.-Iran talks signals potential progress in easing regional tensions and could influence global diplomatic dynamics.
The post US envoy Witkoff, Iran’s Araghchi to reconvene talks next Saturday appeared first on Crypto Briefing.
The Ethereum price is plunging. The second-largest crypto has dropped to $1,658, recording a loss of over 6.62% in the past 24 hours. The recent breakdown below the crucial support has strengthened the bearish outlook, raising the possibility of a deeper correction. Moreover, the volume has also decreased by 15%, hinting towards reduced trader participation. …
Geopolitical tensions highlight vulnerabilities in global oil supply chains, potentially driving sustained higher prices and market volatility.
The post OPEC oil production hits decades-low amid US-Iran tensions appeared first on Crypto Briefing.
Bitcoin's sharp decline highlights market volatility, influencing investor sentiment and potentially impacting future institutional involvement.
The post Bitcoin drops below $61,000, losing $18,000 in 10 days appeared first on Crypto Briefing.
Increased redemption pressures highlight liquidity challenges in private credit, potentially impacting investor confidence and market stability.
The post Blackstone, Cliffwater face heightened redemption pressures in Q2 as private credit liquidity fears grow appeared first on Crypto Briefing.
The cap on withdrawals highlights liquidity challenges in semi-liquid funds, emphasizing the need for steady inflows amid rising investor options.
The post Blackstone caps withdrawals from $45B private credit fund as investors rush for the exits appeared first on Crypto Briefing.
The anticipated arrival of AGI by 2030 could revolutionize industries, necessitating urgent societal and infrastructural preparations.
The post Google DeepMind CEO predicts AGI arrival by 2030, urges preparation appeared first on Crypto Briefing.
The FCA's warning highlights the risks of using unregulated platforms, emphasizing the need for consumer protection in decentralized finance.
The post Hyperliquid flagged by UK FCA as unauthorized firm targeting British users appeared first on Crypto Briefing.
The exploit that nearly broke Zcash originated inside the zero-knowledge proof circuit that powers Orchard, Zcash's newest shielded pool, and the cryptographic core of its private transaction system. Taylor Hornby, a security researcher at Shielded Labs, found it on May 29 during a targeted protocol security review. Within hours, ZODL engineers confirmed the flaw, and […]
The post AI-assisted Zcash flaw exposes the supply integrity gap an emergency fork could not fully close appeared first on CryptoSlate.
The ruling strengthens SEC's enforcement capabilities, potentially increasing financial recoveries and impacting regulatory strategies in emerging markets.
The post Supreme Court rules SEC can recover illegal gains without proof of investor loss appeared first on Crypto Briefing.
Nvidia's AI-driven growth reshapes tech industry dynamics, challenging competitors and solidifying its influence over the AI ecosystem.
The post Nvidia leads net income growth among major tech firms at 2,900% appeared first on Crypto Briefing.
Pinterest's $4B AWS deal underscores its AI-driven transformation, potentially boosting user engagement but risking financial strain if growth falters.
The post Pinterest deepens Amazon partnership with $4B cloud deal appeared first on Crypto Briefing.
Bitcoin has spent the better part of the past several weeks delivering a painful lesson to bulls. The largest cryptocurrency by market capitalization has shed more than 22% over the past month, slicing through support levels that many traders had considered established. Bitcoin is still trapped below a descending trendline, and the current structure still favors sellers unless price can reclaim important resistance levels. However, technical analysis projection leaves room for a recovery move if Bitcoin breaks out of the bearish trend and starts building momentum above confirmation levels. Bitcoin Inside A Bearish 4-Hour Structure Bitcoin’s 4-hour chart shows price action moving inside a bearish structure, with lower highs and lower lows forming under a descending resistance line since the swing high above $82,800 in May. The rejection from that swing high has now pushed Bitcoin below a weak low / liquidity sweep at $66,000, and the chart’s break of structure and change of character labels show how control moved from buyers to sellers. Related Reading: Analyst Calls Out Stagnant Logic Being Used On XRP, Predicts When Price Will Rally To $300 The bullish case does not come from a confirmed reaction at $66,000 but from the possibility that Bitcoin can reclaim lost structure after the recent breakdown. However, if Bitcoin begins to push back above the nearby confirmation area around $66,948 and then breaks above the descending trendline, the move could open the way for a climb into the higher resistance levels shown in the 4-hour chart below. Bitcoin 4-Hour Chart. Source: TradingView The Targets Stacked Above And What Each One Means A trendline break, confirmed alongside a strong 4-hour close above the descending structure, would not immediately resolve the current bearish mood Bitcoin is trading in. It would, however, initiate a move to resistance price levels that increasingly change the momentum in the favor of Bitcoin bulls. A stronger bullish signal would come only if Bitcoin pushes back above the descending trendline. The technical chart places this descending trendline around $71,495, and this is the level that could decide whether the recovery has enough strength to continue. A rejection below that price area would keep the bearish structure in place, but a clean break above it would challenge the current trend and allow bulls to trend higher price levels. Related Reading: Pundit Says Dogecoin Is About To Do Something Insane, Here’s What The next level is around $75,952. This is an intermediate resistance and breakdown level, which means it could become the next major test if Bitcoin breaks the resistance trendline. The highest and most significant target on the current structure is around $79,453, where the major resistance and bearish control level is located. Above that, the premium supply zone and institutional sell area stretches from approximately $77,000 to just above $82,000. Therefore, according to the projection drawn on the chart, a confirmed break of the current bear trend could send Bitcoin back into its May high of $82,000, where it could face another test of resistance. Featured image created with Dall.E, chart from Tradingview.com
Zcash developers are weighing a new shielded pool and turnstile accounting after the Orchard bug raised supply verification questions.
AI-driven accessibility to blockchain data enhances transparency and compliance, crucial for stablecoin regulation and market participant engagement.
The post TRON enables natural language queries for stablecoin data via Dune MCP appeared first on Crypto Briefing.
Forward Industries' asset shift highlights the volatility and strategic challenges faced by firms heavily invested in digital currencies.
The post Forward Industries moves $32M in Solana to exchange after nursing nine-figure losses appeared first on Crypto Briefing.
The US maintains trade stability with EU and Japan, but future tariff hikes could disrupt markets if manufacturing probes justify increases.
The post United States upholds tariff caps in trade deals with EU, Japan appeared first on Crypto Briefing.
All twenty constituents in the CoinDesk 20 index were trading lower since yesterday.