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Strategy Inc. (MSTR) fell more than 9% at times on Thursday to its lowest level since March 2024, extending a five-day collapse of nearly 30% as Bitcoin broke below $60,000 and a securities investigation targeting the company became public. Shares of the Michael Saylor-led Bitcoin treasury company hit $85 by midday Thursday, down from above $117 at the start of the week. The stock has now shed roughly 36% over the past month — nearly double the 18.5% decline in Bitcoin over the same period. On top of this, Rosen Law Firm posted a press release saying it is investigating…

In brief Prediction market traders think Bitcoin and Ethereum are headed even lower as markets sell off. Traders now strongly favor dumps to $55,000 for BTC and $1,500 for ETH before any rebounds. The market’s near-term fate may hinge on the performance of STRC, the preferred equity offering from Bitcoin behemoth, Strategy, according to one analyst. Prediction market traders are becoming increasingly bearish on near-term price action for Bitcoin and Ethereum, expecting downwards momentum to carry them further downwards towards $55,000 and $1,500, respectively. Traders on Myriad—a prediction market platform operated by Decrypt’s parent company, Dastan—place odds of a Bitcoin dump…

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure XRP has pushed into an oversold technical setup that some traders are comparing with prior cycle-bottom conditions. TL;DR XRP is testing a key support region after a sharp market pullback. Weekly RSI readings have moved into deeply oversold territory. Traders are watching whether the setup becomes a bounce signal or a continuation warning. XRP Slides Into A Key Technical Zone XRP traders are watching the weekly chart closely after the token moved into a deeply oversold technical setup. Market commentary has focused on the $1.10 region…

SBI Holdings has signed agreements to acquire all shares of Japanese cryptocurrency exchange Bitbank in a deal valued at 46.7 billion yen, or approximately $288.6 million, the companies announced on June 24.  The transaction will make Bitbank a wholly owned subsidiary of SBI Group through its investment arm, SBICAH GK. The deal represents the largest consolidation move in Japan’s regulated crypto market to date. SBI and Bitbank entered into both a basic agreement and a share transfer agreement, with the transaction structured in two phases.  SBI will acquire shares held by Bitbank’s founders and individual shareholders in August. Bitbank will…

The price of Bitcoin continued to turn lower on Thursday as Strategy’s flagship preferred stock notched another record low after U.S. markets opened.Not long after the opening bell, Stretch (STRC), the product that currently offers an 11.5% annual dividend, fell 8% to $74.13, according to Yahoo Finance. That marked a more than 25% drift from its $100 par value, which Strategy engineered the preferred stock to trade at.Meanwhile, Bitcoin plunged. The leading digital asset by market cap fell to $58,188 before ticking back up to $59,273 as of this writing, a 3.3% decrease over the past day, according to CoinGecko.…

In brief Kalshi is in talks to raise at a $40 billion valuation, per the Financial Times, nearly double the $22 billion it was valued at following last month’s $1 billion raise. CEO Tarek Mansour told CNBC the company is “thinking about” an IPO but won’t go public in 2026, with reports pointing to a 2027 or 2028 listing. The raise lands amid an escalating legal battle in the U.S. over whether prediction market sports contracts are CFTC-regulated derivatives or illegal gambling. Prediction market Kalshi is in talks to raise fresh funds at a valuation of about $40 billion, the…

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure AAVE’s rally against a weaker Bitcoin tape suggests traders are still rewarding DeFi names tied to institutional lending and real-world asset narratives. TL;DR AAVE outperformed while Bitcoin traded under pressure. The move followed renewed attention on Standard Chartered’s DeFi and RWA thesis. Traders are watching whether protocol revenue can support stronger DeFi valuations. AAVE Stands Out In A Weak Market Aave’s token has shown relative strength during a difficult stretch for the wider crypto market, with traders pointing to institutional DeFi narratives and Standard Chartered’s recent…

Last night, Bitcoin price was trading at $59,537, down through the $60,000 level that had been the market’s line in the sand and nearly $18,000 below its late-May peak of $77,623.Glassnode’s on-chain data frames the move as a demand failure, with spot markets leading the selling, ETF investors pulling capital across six consecutive weeks of outflows, and a stronger dollar and rising yields keeping buyers on the sidelines.As of press time, Bitcoin has recovered to around $61,600. 1D 7D 1M 1Y ALL Market Cap $1.23T 24h Volume $44.35B All-Time High $126,198.07 What drove the breakGlassnode tracked Spot cumulative volume delta…

In brief Physicist Henry Legg argues Microsoft has not demonstrated a topological qubit. The critique targets the technology underpinning Microsoft’s recently announced Majorana 2 chip. Microsoft rejected the claims and defended its results in a formal response. Weeks after Microsoft unveiled Majorana 2, a quantum chip it said was 1,000 times more reliable than its predecessor and a major step toward practical quantum computing by 2029, a leading researcher is challenging the company’s claims.In a commentary published Wednesday in Nature, University of St Andrews physicist Henry Legg argued Microsoft has failed to demonstrate the existence of a topological qubit, a…

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure MemeCore’s M token plunged in a sudden sell-off, reviving concerns about thin liquidity, insider supply and exchange listing standards. TL;DR MemeCore’s M token suffered a steep intraday crash. On-chain investigator ZachXBT has warned about insider-heavy token structures and exchange listing risks. The move highlights how quickly memecoin valuations can unwind when liquidity disappears. MemeCore’s Collapse Grabs Trader Attention MemeCore’s M token became one of the market’s most watched risk stories after a sudden sell-off erased a large share of its value in a single session. Market…