Crypto’s Worst Week Since July 2024, Over $1.2 Billion in Positions Liquidated
Bitcoin fell sharply this week, trading near or below the $60,000 psychological level — its weakest prints in months — as the broader market shed significant value.
Ethereum plunged more than 12% on the day in some reports, approaching critical technical support amid the selloff.
Liquidations exceeded $1.2 billion (with some sessions topping $1.7–1.8 billion), overwhelmingly hitting long positions as leveraged traders were flushed ou…
Strategy Falls Out of Top 200 Largest U.S. Companies Amid Bitcoin Volatility
Strategy Inc. has slipped out of the top 200 U.S. public companies by market capitalization as its valuation declined to approximately $47.9 billion.
The drop in market ranking is closely tied to bitcoin’s r…
Cardano Analytics Platform TapTools to Shut Down as Founder Warns of Ecosystem ‘Wave of Failures’
TapTools, a major analytics and data platform for Cardano, announced it will cease operations within the next two weeks. The decision follows a severe leadership crisis, including the departure of multiple co-…
Bitmine Launches 9.5% Preferred Stock Offering to Fuel Ethereum Treasury Strategy Amid $9 Billion Unrealized Losses
Bitmine plans to raise up to $300 million through 3 million shares of 9.5% Series A Perpetual Preferred Stock.
Proceeds targeted for additional ETH acquisitions, staking expansion via MAVAN, and general corporate purposes.
Company holds over 4.5% of ETH supply with ~$9 billion in unrealized losses as prices hover near recent lows.
Move mirrors Michael Saylor’s Strategy Bitcoin treasury approach but applied to Ethereum.
Bit…
US Sanctions Target Iran’s Largest Crypto Exchanges Amid Bitcoin Market Turmoil
U.S. Treasury sanctions Nobitex, Wallex, Bitpin, and Ramzinex for alleged ties to IRGC and sanctions evasion.
Bitcoin dips amid broader market pressures, trading near $66,000-$67,000 levels.
Action marks intensified economic pressure on Iran amid geopolitical tensions.
The U.S. Treasury Department has imposed sanctions on several of Iran’s largest cryptocurrency exchanges, including Nobitex, as part of its ongoing campaign ag…
Strategy Sells First Bitcoin Since 2022 to Fund Preferred Stock Distributions
Strategy sold 32 BTC for approximately $2.5 million at an average price of $77,135 per bitcoin between May 26 and May 31.
The sale reduces holdings to 843,706 BTC, with proceeds directed toward distributions on its STRC preferred stock.
This is the company’s first Bitcoin sale since a 2022 tax-loss harvest, signaling a shift toward active balance sheet management while maintaining net accumulation.
Strategy, the Bitcoin treas…
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Strategy Sells 32 Bitcoin for $2.5 Million in First Direct Liquidation Since 2022
First Liquidation Since 2022: Strategy Inc. offloaded 32 BTC for approximately $2.5 million, marking its first net sale of the asset since a tax-lo…
Strategy Sells 32 Bitcoin for $2.5 Million in First Direct Liquidation Since 2022
First Liquidation Since 2022: Strategy Inc. offloaded 32 BTC for approximately $2.5 million, marking its first net sale of the asset since a tax-lo…
MicroStrategy Retires $1.5 Billion in Convertible Notes at Discount, Preserving Bitcoin Treasury
MicroStrategy has retired $1.5 billion in aggregate principal of its 0% Convertible Senior Notes due 2029, executing the buyback at an 8% discount to…
Robinhood Launches Beta Support for Third-Party AI Agents to Trade Stocks and Spend Capital
Robinhood introduced beta access to “Agentic Trading” and “Agentic Credit Cards,” enabling customers to connect third-party artificial intelligence a…