Strive CEO said STRC traded as low as $82.50 during a leverage liquidation event, not a credit-quality deterioration. SATA fell from near par value to the low $90 range before rebounding. Strive CEO said dividend reserves remain intact and the company can meet its obligations.
BitcoinTreasuries.NET said Strategy fell out of the top 250 U.S. companies after its market cap dropped to $39.92 billion. Strategy's Bitcoin holdings have losses exceeding $10.8 billion.
Anthropic pledged in a proposal to U.S. Commerce Secretary Lutnick to work more closely with the White House on Mythos and Fable security issues. Sources said remediation negotiations are progressing smoothly, but no definitive timeline exists for a full resolution.
CME Group filed a lawsuit against the CFTC and Chairman Michael Selig over crypto perpetual futures approvals. CME challenges the CFTC's May 29 approval of a Kalshi Bitcoin-linked perpetual futures contract and a no-action position for a similar Coinbase product.
Hsiao-Wei Wang stepped down as co-executive director of the Ethereum Foundation, effective June 18. Wang said a recent sabbatical gave her time to reconsider her priorities. The foundation has seen an estimated 19 departures so far in 2026.
Polymarket gives South Korea a 24% chance of beating Mexico in its second World Cup Group A match. Betting volume on the match has reached $12.86 million.
Garrett Jin is facing a $16.8 million loss on a 5x leveraged long position of 1,268 BTC. Onchain Lens reported that the position is valued at $79.73 million.
Peter Schiff said he would not bet Bitcoin goes to zero in 10 years, but he would bet Bitcoin underperforms gold. Anthony Pompliano argued that Bitcoin has greater upside because of higher volatility, while Schiff said volatility is not an advantage.
CFTC Permanently Bans Former Celsius CEO Mashinsky From Commodities Trading
The CFTC closed its case against former Celsius Network chief executive Alexander Mashinsky with a permanent commodities trading ban. A U.S. District Court in New York entered a consent order that also bars Mashinsky from registering with the agency again. The agency imposed no new financial penalties in the consent order. Mashinsky is serving a 12-year prison sentence after pleading guilty to commodities fraud and securities fraud.
A bipartisan group of U.S. congressional negotiators is scheduled to meet next week to finalize key points of the Clarity Act. The bill addresses crypto market structure.
Renaiss raised $1.5 million in a funding round led by YZi Labs. The BNB Chain RWA liquidity infrastructure project is building tools to connect physical collectibles with blockchain verification.
Real Vision analyst Jamie Coutts said Bitcoin's recent decline is more likely tied to the Saylor Vortex than U.S. dollar strength. Coutts said the structure involves Strategy raising funds through preferred stock and convertible notes to repeatedly buy Bitcoin.
Strategy’s STRC preferred stock fell well below its intended $100 level this week, putting pressure on a key Bitcoin financing tool. STRC traded near the high-$80s after falling as low as the low-$80s. No confirmed sign shows Strategy must sell Bitcoin because of STRC.
Strategy’s STRC preferred stock stayed under $90 after hitting $82.50 intraday and closing at $88.59 on Thursday. STRC.live data showed about 10.7 million shares traded, above the normal average daily volume of about 3.4–3.5 million shares. Strategy paused STRC’s ATM program while STRC traded under par.
MicroStrategy halted its ATM offering program for STRC after the preferred stock remained weak. STRC fell to an intraday low of $82.50 before closing at $88.59. TD Cowen maintained its buy rating on MicroStrategy common stock and preferred shares.
Bitcoin fell 7% after failing to reclaim $67,200, triggering $330 million in bullish leveraged liquidations. The move came while the Nasdaq 100 traded near its all-time high.
US Agencies Push Stablecoin Issuer ID Rules Under GENIUS
FDIC, Federal Reserve, OCC, NCUA and FinCEN proposed stablecoin issuer ID rules with a 60-day public comment period under GENIUS. The proposed rule would treat stablecoin issuers like regulated financial institutions for user identity checks. GENIUS is expected to go into effect 18 months after it was signed or 120 days after federal authorities finalize implementation regulations. Congress still has no defined timeline for CLARITY.
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