May 26: The company confirmed it had used its cash reserve to finance the bond repurchase. The transaction had reduced the fund to $871 million. The buyback reduced that reserve to roughly six months of STRC dividend coverage. The company had previously said the plan was to maintain about 24 months of dividend coverage. STRC […]
Charles Schwab is working with Cboe Global Markets to launch a new type of options contract that would allow customers to make yes-or-no wagers on the performance of the S&P 500, marking the brokerage’s first move into prediction markets, according to a Wall Street Journal report. The feature is expected to roll out to Schwab […]
Bitcoin BTC$62,709.12 mining company GoMining said it is making it easier for companies to accept bitcoin BTC$62,709.12 payments, bringing it into competition with companies including Block’s (XYZ) Square. Where GoMining says it differs from incumbents is that the entire transaction is completed in bitcoin. Many competitors, including Square, allow customers to pay in bitcoin while […]
The punishments of Alexander Mashinsky, the imprisoned former chief of Celsius until its high-profile collapse, continue with a formal banishment from any ability to seek business with the U.S. Commodity Futures Trading Commission or the trading it oversees. The derivatives regulator didn’t pile any new fines onto Mashinsky, who previously pleaded guilty to accusations he […]
Blockchain infrastructure firm Alchemy said AI agents with its AgentCard now have access to the Visa (V) network with complete identity and payment capabilities, enabling them to make online purchases on behalf of consumers. The integration allows AgentCard, a virtual ID and spending card for AI agents, to access Visa Intelligent Commerce to book a […]
“This action runs counter to the CFTC’s established framework for regulating prediction markets,” the spokesperson said in a statement emailed to CoinDesk. So far, the states that have filed such a challenge against the prediction markets have met with counter suits from the CFTC, where Chairman Mike Selig has taken an aggressive legal stance defending […]
The entire bitcoin market is worth about $1.2 trillion as of Wednesday. SpaceX, at $2.5 trillion, is worth nearly twice that, and it is drawing from the same risk budget that flows to crypto – the point ARK made earlier this week when it funded its SpaceX buying by selling other holdings. The caution is […]
Strategy’s (MSTR) dividend-paying preferred stock, STRC, closed at $91.79 on Tuesday, its third-lowest since trading began in July 2025, amid lower bitcoin prices and debt concerns. The only lower closes occurred during two sessions later that month, when STRC fell to as low as $88.60. The security was initially priced at approximately $90 in its […]
The new fund offering comes as bitcoin struggles to break out of a bear market, trading around $67,000, down about 23% year to date. IBIT, which debuted in January 2024, has amassed nearly $49 billion in assets, making it the largest spot bitcoin ETF on the market. The fund has seen significant outflows since the […]
One of the biggest players that provides trading of private-company stocks on Hyperliquid is closing down, signaling that this hot new market is beginning to consolidate. Ventuals, the project behind perpetual futures tied to OpenAI and Anthropic valuations, said Monday it is winding down and that its team will join another project building within the […]
Strategy (MSTR) last week acquired 1,587 bitcoin for approximately $100 million, increasing its total holdings to 846,842 BTC, according to a Monday morning filing. The latest purchase was made at an average price of $63,024 per bitcoin. The company disclosed it had also increased its USD Reserve by $100 million to $1.1 billion via the […]
Bitcoin BTC$65,690.17 has a unique pattern, and it has held across every major bullish cycle since the cryptocurrency began trading near zero 16 years ago. This pattern suggests that prices could crash to at least $48,000. The pattern works like this. Draw Fibonacci retracements from near zero – BTC began trading at $0.003 in February […]