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Shares of Strategy Inc. (NASDAQ: MSTR) crossed below $100 on Wednesday for the first time since March 2024, extending a collapse that has erased more than 80% of the stock’s value from its all-time high of approximately $474 reached in November 2024. The breach of the $100 threshold carries weight beyond the number itself. Strategy, the Bitcoin treasury company led by Executive Chairman Michael Saylor, built its investment thesis around the premise that its leveraged exposure to Bitcoin would generate returns that outpace traditional assets. That thesis is now under pressure as Bitcoin trades near $61,000 — well below the…
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure TL;DR XRP withdrawal activity on Binance has reportedly reached its highest share since 2024. Withdrawals have exceeded deposits for seven straight days, according to CryptoQuant-linked data. The pattern may point to custody rotation, accumulation or changing exchange behavior during price weakness. XRP Flows Shift Away From Binance XRP withdrawal activity on Binance has reached its highest share since 2024, according to on-chain flow analysis cited in fresh market data. The reported pattern shows withdrawals exceeding deposits across a seven-day stretch, creating a notable shift in exchange…
In brief Reform UK leader Nigel Farage defended an undeclared £5 million ($6.7 million) gift from Tether stakeholder Christopher Harborne, telling interviewers on Tuesday it was “a purely private matter.” The Parliamentary Standards Commissioner is investigating whether the Reform UK leader should have declared the 2024 gift after winning his seat. Farage insisted he “wasn’t in politics” when he received the gift, and rejected accusations that the gift bought crypto-friendly advocacy. Nigel Farage says that what he spends his £5 million gift from a crypto billionaire on, whether it be luxury cars or the horses, is nobody’s business but his…
The Ethereum Foundation has cut roughly 20% of its workforce and slashed its budget by roughly 40% as part of a broad reorganization, even as the blockchain it helps steward has seen its highest-ever levels of user activity and is attracting deeper participation from major financial institutions.On June 23, the nonprofit revealed that it dismissed 54 employees following a months-long review of its structure, spending, and long-term responsibilities.Speaking on this move, Vitalik Buterin, Ethereum co-founder, said:I respect my EF colleagues far too much to pretend that there was not much that is lost. They are brilliant people. They are dedicated…
In brief Catholic leaders urged the Senate to oppose a portion of the Clarity Act, warning it could enable human trafficking and other illicit finance. Protections for decentralized software developers could shield tools used for money laundering, the leaders said. The Clarity Act is facing opposition from multiple directions as boosters seek to pass it in the coming weeks. The crypto industry’s long-coveted Clarity Act has attracted plenty of opponents in recent months, among them Wall Street leaders, consumer advocates, law enforcement groups, and Native American tribes. Now, the market structure bill has attracted the ire of a new and…
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure TL;DR CryptoQuant says Strategy should pause Bitcoin purchases and rebuild cash reserves. The warning focuses on dividend coverage, cash buffers and the risk of buying during range-bound BTC conditions. The analysis adds pressure to the debate over debt-backed corporate Bitcoin accumulation. Strategy’s Bitcoin Model Faces A Fresh Warning CryptoQuant is warning that Strategy should pause its Bitcoin purchases and rebuild cash reserves, adding a new layer to the debate around Michael Saylor’s debt-backed accumulation model. The call is not a bearish statement on Bitcoin itself. It…
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure TL;DR Crypto trade groups are urging Congress to advance H.R. 9175 without changes. The bill would clarify when mined and staked digital assets are taxed, a key issue for validators and miners. Banks are pushing back against provisions they say could give crypto yield products an unfair tax advantage. Crypto’s Tax Fight Moves To Staking And Mining Crypto’s policy fight in Washington is not only about market structure anymore. It is also about tax treatment for miners and validators. According to public records, leading industry advocacy…
A Shavertown, Pennsylvania man faces up to 60 years in federal prison after a federal jury convicted him of bank fraud and conspiracy for his role in a yearslong scheme to conceal mortgage delinquencies at a manufactured housing lender. James Mahon IV, 66, was convicted June 18 following a trial in Scranton, the U.S. Attorney’s Office for the Middle District of Pennsylvania said. Mahon served as executive vice president of Tammac Holdings, a Wilkes-Barre-based company that originated mortgages for manufactured housing before selling the loan portfolios to banks and investors while continuing to service the accounts. Federal prosecutors said that…
In brief Qwable 27B is a full fine-tune of Alibaba’s Qwen3.6-27B, trained on a Fable 5-style reasoning dataset, designed to replicate the structured, deliberate thinking style of Anthropic’s newest flagship model. The abliterated version removes the model’s built-in refusal behavior by surgically modifying its weights using llama.cpp’s cvector-generator. Both models run locally, cost nothing per query, and require neither Anthropic’s API nor its mandatory policies. Anthropic spent last week apologizing for Fable 5’s invisible safeguards, and then the U.S. government ordered the model pulled for all foreign nationals over a disputed jailbreak finding.A few days later, a developer on Hugging…
In brief OpenAI released GPT-5.5-Cyber, a model designed to help find and fix software vulnerabilities faster than previous versions. It outperforms Anthropic’s Mythos on key benchmarks, while Mythos faces a U.S. government ban over national security concerns. The model is being released to trusted defenders with controls, in contrast to Anthropic’s more restricted approach. OpenAI’s cybersecurity model just beat the Anthropic Mythos AI model that the U.S. government yanked offline—and it’s still up and running.On June 22, OpenAI announced the full launch of GPT-5.5-Cyber as part of its Daybreak cyber defense program. On CyberGym—a benchmark developed at UC Berkeley that…