Strategy co-founder Michael Saylor has defended the company’s Bitcoin-backed capital strategy after its STRC preferred stock fell well below its $100 par value and triggered fresh criticism from market participants. Summary Michael Saylor defended Strategy’s Bitcoin strategy as STRC plunged below its $100 par value. Peter Schiff floated fraud allegations while questioning Strategy’s promotion of
Ripple’s dollar-pegged stablecoin RLUSD made two concrete infrastructure moves this week: cross-chain routing platform Squid integrated RLUSD for single-transaction swaps across more than 100 blockchains and 20,000-plus tokens. Ripple took a strategic stake in African payments giant Flutterwave at a $3.2Bn Series E valuation to embed RLUSD and the XRP Ledger into payment rails spanning
In contrast, XMR and WLD have declined by over 4% in the past day. Bitcoin’s price was rejected at $67,000 earlier this week, and the intense pressure from sellers brought the asset south toward $62,000 on Friday, where it finally found some support. Many of the larger-cap alts have posted more impressive gains today,
The Philippine SEC has reinforced its support for real-world asset tokenization as four companies, including a tokenized real estate project, advance through its regulatory sandbox. Summary Philippine SEC says existing laws can support tokenized real-world assets and related investment products. Four companies are testing new financial products in the SEC’s Strategic Sandbox, including tokenized real
Two Texas brothers have pleaded guilty to federal robbery charges after prosecutors said they kidnapped a Minnesota family and forced the transfer of more than $8 million in cryptocurrency. Summary Two Texas brothers pleaded guilty after prosecutors linked them to an $8 million crypto kidnapping and robbery. Victims were allegedly held at gunpoint for hours
The Federal Reserve didn’t change the interest rates, as expected, while the US-Iran deal uncertainty still hinges despite promises. It was another eventful and volatile week in the cryptocurrency markets (and beyond), which began with promising news on the war front in the Middle East that all concerned parties had agreed to a deal.
Zcash has gained renewed attention after discussions around Europe’s planned crypto compliance rules pushed the privacy-focused cryptocurrency back into the spotlight. Summary Mert highlighted Zcash as a leading privacy-focused crypto amid debate over Europe’s upcoming compliance rules. Analysts disputed claims that every Bitcoin transaction will require identity verification under the EU framework. Technical analysts are
A former EF contributor says underinvestment today could create costly development setbacks that become visible within 18 months. Ethereum may be heading toward a funding crisis that could begin to emerge within the next three to nine months, according to former Ethereum Foundation contributor Trent Van Epps. In a recent article on X, Van
The European Union has approved anti-money laundering rules that will ban regulated crypto firms from supporting privacy coins while leaving direct Bitcoin transfers between private wallets outside the scope of mandatory identification requirements. Summary EU AML rules will bar regulated crypto firms from supporting privacy coins starting July 2027. Bitcoin transfers between self-hosted wallets remain
In crypto news today (June 19), Bitcoin has fallen another -2% overnight, dropping below $64,000, with ETF flows bleeding once more, while Michael Saylor’s STRC stock continues to crash, fueling fears that Strategy will be forced to dump Bitcoin to stabilize the STRC price. Liquidations have picked up, with over $452M over the past 24-hours