A preferred stock that was supposed to behave like a steady, high-yield bond fell to 82 cents on the dollar in a single session. The issuer says it was a leverage flush, not a credit problem. Either way, the new world of Bitcoin-backed “digital credit” just met its first stress test. Summary STRC and SATA showed that Bitcoin-backed preferred stocks …
Category:
Crypto
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Crypto
75% of BlackRock IBIT ETF Buyers Were TradFi Virgins: Now They’re Buying SPX Funds
by Trevor Jonesby Trevor JonesIn BlackRock Bitcoin news today, three-quarters of investors in BlackRock’s iShares Bitcoin …
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Crypto
Bitcoin’s Biggest Risk Is Boredom, Not Another Price Crash: CryptoQuant CEO
by Trevor Jonesby Trevor JonesThe popular CEO also weighed in on the hot topic of …
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XRP price traded near $1.14 on June 21, with the token still …
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Crypto
Polymarket World Cup bets raise questions after $24m wallet profits
by Trevor Jonesby Trevor JonesOn-chain tracker Lookonchain said three wallets made $24.25 million in profits from …
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Crypto
‘Bitcoin Looks Dead Now:’ Analyst Reveals When the Next Moonshot Could Begin
by Trevor Jonesby Trevor JonesThe asset has also touched its electrical cost for the fifth …
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GoMining has launched a Bitcoin payment infrastructure stack that settles transactions directly …
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Crypto
Andre Cronje leaves Sonic board as token slump sparks overhaul
by Trevor Jonesby Trevor JonesSonic Labs has announced a leadership overhaul after the S token extended …
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After finding support around $1.5K earlier this month, Ethereum has managed to …
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Bitcoin has climbed more than 2% to $63,770 after a ceasefire agreement …
