Iran’s new maritime rules in the Strait of Hormuz could destabilize global markets, affecting oil prices and increasing geopolitical tensions. The post Iran mandates designated routes for foreign vessels in Strait of Hormuz, raising oil supply fears appeared first on Crypto Briefing.
Coinbase’s expansion into betting-style products risks regulatory scrutiny and reputational damage, potentially impacting investor confidence. The post Coinbase CEO defends betting promotions amid criticism from Zcash founder appeared first on Crypto Briefing.
Zach Pandl, head of research at Grayscale, said he hopes Strategy will sell at least $3 billion in Bitcoin to cover most of the company’s cash obligations for the next two years.In a Saturday X post, Pandl argued that the move may restore market confidence in the company’s capital structure.Contrary to his hopes, Pandl said he expects a 50-basis-point increase to the dividend rate on Strategy’s preferred stock, STRC, adding roughly $100 million in annual obligations over two years. Pandl added that this scenario “probably does not help market confidence.”Strategy faces an annual preferred dividend obligation of approximately $1.2 billion, driven primarily by STRC.STRC is Strategy’s flagship “digital credit” preferred stock designed to trade near its $100 par value, but has been sliding for weeks. On Friday, it fell to as low as $71.25, a 28.75% discount to par. Strategy’s common stock MSTR fared little better and closed Friday at $82.31, down 26.86% throughout the trading week.Pandl said he expects Strategy to raise STRC’s dividend rate but hopes the company sells Bitcoin instead. Source: Zach PandlStrategy’s cash reserve under pressureStrategy is the world’s largest publicly-listed corporate Bitcoin holder, placing its 847,363 BTC stash and financing decisions under the industry’s microscope. According to Strategy’s latest 8-K filing with the US Securities and Exchange Commission, it acquired 520 Bitcoin for $34.9 million between June 15 and June 21.Blockchain analytics company CryptoQuant argued in a Tuesday report that Strategy should pause Bitcoin purchases and focus on replenishing its cash reserve, which is down 38% in 2026.Related: Bitcoin doesn’t need Ethereum-style yield, says Strategy’s Michael SaylorThe 8-K filing also revealed that Strategy increased its US dollar reserve by $300 million to $1.4 billion. This leaves the company with roughly 14 months of dividend coverage, down sharply from what was once a seven-year cushion.Strategy said on Monday that it plans to continue replenishing its cash reserves to support the credit quality of its “digital credit” securities.Alternatives to a Bitcoin saleCryptoQuant added that the company has no obligation to sell Bitcoin to support STRC’s price, because it can deploy other methods to defend its stock, such as raising the current 11.5% dividend yield.Bitcoin advocate Samson Mow argued in a Monday X post that STRC has a built-in “self-repairing mechanism.” Once the stock falls below its $100 reference price, Strategy halts new ATM issuance, cutting off the supply of fresh shares.At the same time, a lower price mechanically boosts the yield for new buyers relative to what they paid, which Mow said should draw in fresh demand and pull the price back toward par over time.Source: Samson MowMagazine: AI is banking the unbanked in Africa… faster than crypto
Bitcoin has been on an evident downfall since the start of the year as it plunged below $60,000 for the first time since late 2024. The largest funds tracking its performance have lost over $8 billion in weeks. Although gold began the year on a positive note, hitting a new all-time high, its trajectory reversed, […]
OpenAI’s strategic expansion into India under Singh’s leadership could accelerate AI adoption, influence regulatory frameworks, and spur market competition. The post OpenAI hires former Uber executive Prabhjeet Singh to lead India operations appeared first on Crypto Briefing.
Martnez’s decision impacts AC Milan’s $ACM fan token value, highlighting the intersection of player visibility and crypto market dynamics. The post Roberto Martínez criticized for benching Rafael Leão in World Cup appeared first on Crypto Briefing.
K33 Research reported that the Senate has delayed the markup of the CLARITY Act. This postponement follows a lack of bipartisan support from the Banking Committee, which highlighted significant disputes regarding stablecoin rewards and the treatment of decentralized finance (DeFi). Further details can be found in K33 Research’s tweet here. The Story So Far The […]
Delphi Digital amplified a tweet from @ethanyish announcing a successful $40 million Series B funding round. This round was led by prominent venture capital firms including Amplify Partners, Kleiner Perkins, and Theory VC. This funding marks a significant step for Delphi Digital, showcasing the increasing interest and investment in innovative crypto solutions. The Latest The […]
The 24-hour hold period would allow virtual asset service providers to screen the transactions and verify the legitimacy of the funds moved. The funds could be released in a shorter timeframe, provided that the risks associated with the transaction are mitigated. Central Bank of Brazil Proposes Holding Stablecoin Remittances For Screening Purposes The Central Bank […]
tier10k recently announced the launch of the REX-OSPREY Solana ETF, which is set to begin trading on Wednesday. This ETF will provide investors with direct exposure to Solana along with staking rewards, as confirmed in a tweet from the organization. The announcement has garnered significant attention, with over 2,100 likes and 364 retweets, indicating strong […]
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