Author: John Smith

Michael Saylor has again hinted at a possible Strategy Bitcoin purchase after posting the company’s Bitcoin tracker with the line, “We’re gonna need more charts.” Summary Saylor’s latest Bitcoin tracker post arrived as Strategy’s mNAV fell below 1 this cycle. Strategy’s old equity-funded buying model faces pressure because issuing shares below NAV can hurt holders. Investors now watch whether Strategy keeps buying BTC or rebuilds its market premium first. The timing has drawn attention because Strategy’s mNAV has fallen below 1.0 for the first time this cycle. That means the company now trades below the market value of the Bitcoin…

Strategy is roughly $12 billion underwater on its Bitcoin, its stock has fallen below its net asset value, and its STRC preferred shares have crashed to a record discount as a law firm opens a fraud probe. Michael Saylor says nothing is wrong. The machine that bought 847,000 Bitcoin is being tested like never before. Here is what is actually happening. Summary Strategy holds 847,363 Bitcoin, the largest corporate stockpile in the world, bought at an average cost near $75,650, leaving the position roughly $12 billion underwater with Bitcoin below $60,000. MSTR stock has fallen below $100 for the first…

Grayscale Research Head Zach Pandl has put Strategy’s Bitcoin treasury under fresh review. His comments focus on whether a larger BTC sale could ease investor concern better than another increase in STRC dividends. Summary Pandl says a larger Bitcoin sale could clear doubts around Strategy’s cash obligations and dividends. STRC trading below $100 keeps pressure on Strategy’s preferred stock model and future funding choices. Crypto.news reports tied Strategy’s small BTC sale to wider concerns about leverage and liquidity risk. Pandl said Strategy raising the STRC dividend by 50 basis points next week would add about $100 million in dividend obligations…

Coinbase and OKX are trying to win European crypto users after Binance moved to suspend several services in the European Union. The shift comes before the July 1 MiCA deadline, when crypto firms must hold approval from one EU state to keep serving the bloc. Summary Coinbase and OKX moved fast as Binance prepared to restrict several EU services under MiCA. Transfer bonuses show licensed exchanges are competing for users before Europe’s crypto rulebook fully starts. Binance says assets remain accessible while it searches for a new EU authorization route elsewhere. The campaigns add a commercial race to a regulatory…

Galaxy Digital has lowered its estimated probability of the CLARITY Act becoming law in 2026 to 50%, citing a shrinking Senate calendar and the absence of visible legislative progress ahead of the August recess. Summary Galaxy Digital has lowered its estimated odds of the CLARITY Act passing in 2026 to 50%, citing Senate scheduling delays rather than policy disagreements. Polymarket traders now assign only a 41% chance of the CLARITY Act becoming law this year as legislative momentum weakens. Galaxy said a July floor vote commitment and release of the final Senate bill could improve the legislation’s prospects. According to…

Securitize has secured commitments expected to deliver about $400 million ahead of its planned New York Stock Exchange debut through a merger with Cantor Equity Partners II. Summary Securitize expects to raise about $400 million ahead of its planned NYSE listing through a merger with Cantor Equity Partners II. Backed by BlackRock, Morgan Stanley, Coinbase, and Circle, the firm continues expanding its tokenization business with new institutional products. The market debut comes as Securitize grows its on-chain asset platform while defending itself in a patent dispute with tZERO. According to Securitize, fewer than 30% of shareholders in Cantor Equity Partners…

SoftBank Group shares have plunged more than 12% after reports suggested OpenAI is considering delaying its planned initial public offering until 2027 to preserve a potential valuation of up to $1 trillion. Summary SoftBank shares fell 12.5% after reports suggested OpenAI may delay its IPO until 2027. OpenAI is reportedly weighing a lower-valued IPO this year against pursuing a $1 trillion valuation later. SoftBank’s $64.6 billion OpenAI commitment has made its stock increasingly sensitive to the startup’s listing plans. According to reports, SoftBank shares dropped as much as 13% during trading in Tokyo on Friday before closing 12.53% lower, making…

Cathie Wood has said that rising global instability has created the conditions for another Bitcoin rally as investors increasingly look for assets that can protect wealth across borders. Summary Cathie Wood says capital leaving unstable countries could drive Bitcoin’s next major rally. Wood argues AI cannot replace Bitcoin’s role as a tool for protecting wealth during uncertainty. ARK Invest added $25.54 million in Coinbase, SpaceX, Circle, Bullish, and Robinhood shares. According to a June 27 X post by ARK Invest founder Cathie Wood, capital leaving economically and politically unstable countries is likely to provide fresh momentum for Bitcoin and other…

Hong Kong has confirmed that its first regulated stablecoins are expected to enter circulation between the middle and second half of 2026 after two bank-backed institutions secured issuer licenses earlier this year. Summary Hong Kong expects its first regulated stablecoins to launch between mid and late 2026 after licensing two bank-backed issuers. The HKMA says licensed issuers must hold eligible reserve assets and will remain under ongoing regulatory supervision. Hong Kong plans to expand crypto oversight with new rules for trading, custody, advisory, and management service providers. According to a written reply by Secretary for Financial Services and the Treasury…

Providing liquidity to a decentralized exchange looks like easy passive income, until you withdraw and find you have less than if you had simply held your tokens. That gap is impermanent loss, the most misunderstood risk in DeFi. This guide explains what causes it, how to calculate it, and how to limit it. Summary Impermanent loss is the opportunity cost a liquidity provider suffers when the value of tokens deposited in a liquidity pool ends up lower than if the same tokens had simply been held in a wallet. It is caused by price divergence: as the prices of the…