STRC Falls 5% Below Par: Normal Preferred Behavior or Warning Sign?
Strategy’s preferred stock STRC closed Wednesday at $94.65, about 5% below its $100 par value, touching off a wave of alarm on social media. While some critics have aired concern about the sustainability of the structure that has helped fund Strategy’s Bitcoin buying spree, a few supporters argue that...
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Why is Jim Cramer calling Bitcoin’s latest crash a murder?
Bitcoin has fallen below $64,000 after Strategy’s small BTC sale intensified pressure on a market already facing ETF outflows and renewed criticism from high-profile skeptics. According to Strategy’s latest disclosure, the Michael Saylor-led Bitcoin treasury firm sold 32 BTC after…...
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Bybit launches support for Western Union’s USDPT stablecoin
Bybit has added support for Western Union’s USDPT stablecoin, becoming the first major cryptocurrency exchange to list the dollar-pegged token for trading, transfers, and custody. According to an announcement released on Thursday, users can now hold, transfer, and trade USDPT…...
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Alex Imas: The human-only economy is shrinking, automation will redefine job structures, and we need better data for economic predictions | Dwarkesh
Automation’s rise could shrink the human-only economy, but human touch remains valuable in certain sectors. The post Alex Imas: The human-only economy is shrinking, automation will redefine job structures, and we need better data for economic predictions | Dwarkesh appeared first on Crypto Briefing....
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CoinShares report reveals 17% drop in institutional Bitcoin holdings as hedge funds flee
The shift in Bitcoin holdings highlights a growing divergence in institutional strategies, potentially impacting market stability and future adoption. The post CoinShares report reveals 17% drop in institutional Bitcoin holdings as hedge funds flee appeared first on Crypto Briefing....
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US challenger job cuts rise to 97K in May as S&P 500 futures slide on labor data
Rising job cuts and market reactions highlight economic uncertainty, urging investors to closely monitor employment trends and labor reports. The post US challenger job cuts rise to 97K in May as S&P 500 futures slide on labor data appeared first on Crypto Briefing....
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Ether.fi bets $100M on Plume as tokenized RWA demand accelerates
Plume and Ether.fi have launched a yield-bearing real-world asset vault with a $100 million exclusive allocation from Ether.fi. According to the press release, the allocation comes from ether.fi’s liquidity provider base, including funds, family offices, and high-net-worth individuals. Charles Mountain,…...
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Broadcom’s AI chip forecast falls short, shares tumble over 13% wiping out $250B in market value
Broadcom’s forecast miss highlights market volatility and raises concerns about the pace of AI infrastructure growth and investment expectations. The post Broadcom’s AI chip forecast falls short, shares tumble over 13% wiping out $250B in market value appeared first on Crypto Briefing....
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Bitcoin Standard Treasury Company aims for Berkshire Hathaway 2.0 model using BTC
BSTR’s active Bitcoin management strategy could redefine crypto investment models but poses significant risks due to market volatility and complexity. The post Bitcoin Standard Treasury Company aims for Berkshire Hathaway 2.0 model using BTC appeared first on Crypto Briefing....
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Expected $1 Billion Crypto Windfall Shrinks To Fraction In Israel Disclosure Program
Only 58 people came forward under Israel’s voluntary crypto disclosure program, leaving the tax authority far short of the billions of dollars it had hoped to collect. Officials had expected a surge in corrected filings and fresh tax payments, but the early results point to a much quieter response....
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