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Tag: Bitcoin

brad garlinghouse

Ripple CEO Brad Garlinghouse Slams “Financial Engineering” in Crypto, Stays Bullish on Bitcoin Amid Market Turmoil

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A Sharp Critique in Volatile Times In a pointed CNBC interview amid Bitcoin’s struggles below $60,000, Ripple CEO Brad Garlinghouse delivered a stark message to the crypto industry: sustainable value comes from real utility, not complex financial maneuvers. “Financial engineering does not drive long-term value … long-term value of any digital asset is going to be driven by utility,” Garlinghouse stated. He directly targeted...

Altcoins, Bitcoin, People in crypto

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Bitcoin Slips as Renewed U.S.-Iran Tensions Lift Oil Prices, Weigh on Risk Assets

Bitcoin Slips as Renewed U.S.-Iran Tensions Lift Oil Prices, Weigh on Risk Assets

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Bitcoin and other major cryptocurrencies declined as renewed U.S.-Iran airstrikes pushed oil prices higher, prompting a risk-off move across markets. Kraken is pursuing a full banking license in Europe, targeting Lithuania, which would position it uniquely among crypto exchanges. BlackRock-backed Securitize shares slid sharply post-SPAC debut despite the ongoing tokenization boom. Bitcoin came under pressure Tuesday as...

Bitcoin, Cryptocurrencies, Front page, News

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U.S. Spot Bitcoin ETFs Record Worst Month Ever With .5 Billion in Outflows

U.S. Spot Bitcoin ETFs Record Worst Month Ever With $4.5 Billion in Outflows

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U.S. spot Bitcoin ETFs posted $4.5 billion in net outflows in June 2026, the worst month since their January 2024 launch. BlackRock’s IBIT accounted for the bulk of redemptions, with assets under management across products falling sharply from early-month levels. The outflows coincided with Bitcoin’s roughly 20% decline in June, pushing prices near $58,000 amid broader market pressures. U.S. spot Bitcoin...

Bitcoin, Cryptocurrencies, ETF, Front page, News

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Strategy Unveils Digital Credit Capital Framework Authorizing Up to .25 Billion in Bitcoin Sales

Strategy Unveils Digital Credit Capital Framework Authorizing Up to $1.25 Billion in Bitcoin Sales

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Strategy adopts Digital Credit Capital Framework, authorizing BTC sales of up to $1.25 billion to build USD reserves, fund dividends, and support repurchases. Company holds 847,363 BTC and maintains $2.55 billion USD reserve, providing ~25.9 months of liquidity coverage. STRC preferred stock dividend raised to 12%; $2 billion authorized for buybacks of Digital Credit securities and common stock. Announcement comes as Bitcoin...

Bitcoin, Cryptocurrencies, Front page, News

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Spot Bitcoin ETFs on Track for Record Billion Outflows in June Amid Market Weakness

Spot Bitcoin ETFs on Track for Record $4 Billion Outflows in June Amid Market Weakness

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U.S. spot Bitcoin ETFs recorded roughly $4.06 billion in net outflows in June, surpassing previous records according to SoSoValue data. Last week alone saw $1.79 billion in redemptions, the second-highest weekly outflow since ETF inception. Bitcoin traded near $59,800 as broader market sentiment remains cautious despite geopolitical de-escalation. Cumulative year-to-date outflows approach $5 billion in the first half of...

Bitcoin, Cryptocurrencies, ETF, Front page, News

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