In brief Strive CEO Matt Cole called Thursday’s preferred equity performance the “most difficult day ever” for digital credit products. Strive’s SATA …
Giant
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Scams
Everyday Savers Bet Big on Bitcoin Giant Strategy’s STRC—Now It’s Falling
by shayaanby shayaanIn brief Everyday investors that have allocated savings to Strategy’s STRC have been drawn to double-digit yields, but the preferred stock’s volatility …
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Finance
Insurance giant WTW moves into crypto asset recovery with Redefind buy
by shayaanby shayaanWTW, a global insurance broker and risk advisory company, has acquired crypto insurance platform Redefind and launched a digital asset protection service …
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Scams
NYSE Parent Isn’t ‘Freaked Out’ by Hyperliquid—It’s Learning From the Crypto Perps Giant
by shayaanby shayaanIn brief ICE and Hyperliquid are learning from each other’s models and operations, ICE CEO Jeffrey Sprecher said. Sprecher said SpaceX perps …
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Markets
Digital Asset Giant Tether To Launch ‘Official Stablecoin of Georgia’ in Partnership With Government
by shayaanby shayaanTether has announced plans to launch GEL?, a stablecoin pegged to the Georgian Lari, in partnership with the Government of Georgia. The …
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Scams
SpaceX IPO Filing Shows Musk Building an AI and Space Infrastructure Giant
by shayaanby shayaanIn brief SpaceX publicly disclosed its IPO filing ahead of a planned Nasdaq debut under the ticker SPCX. Elon Musk will retain …
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Smart Contracts
Bitcoin Giant Strategy Gets Price Target Boost From TD Cowen After $2 Billion BTC Buy
by shayaanby shayaanIn short Analysts at TD Cowen have raised their price targets for Strategy (MSTR) stock to $400 per share. The upgrade comes …
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Smart Contracts
Bitcoin Giant Strategy Moves to Retire $1.5 Billion in Convertible Debt, Says It Could Sell BTC
by shayaanby shayaanIn short Strategy has entered into an agreement to repurchase $1.5 billion of its 2029 convertible senior notes for an estimated $1.38 …
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In brief Coinbase posted a $394 million Q1 net loss, marking its second consecutive quarterly loss. Net revenue fell 31% to $1.4 …
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Finance
Wall Street giant DTCC plans tokenized securities platform with July pilot, October launch
by shayaanby shayaanMajor Wall Street operator Depository Trust & Clearing Corporation (DTCC) said Monday it will begin limited production trades of tokenized securities in …