A hawkish shift from the Federal Reserve is reversing the popular trade that grouped bitcoin with precious metals as hedges against a weakening dollar. As expectations for tighter monetary policy strengthen the dollar, investors are unwinding positions across these so-called safe-haven assets. Bitcoin, often promoted as a digital
US spot Bitcoin ETFs have experienced their longest sustained period of redemptions since launching in 2024, with investors withdrawing approximately $5.94 billion over six consecutive weeks. According to Galaxy Research, the most severe 30-day window saw $6.35 billion exit the funds through June 20. The outflows have
Polymarket has revised the estimated losses from a recent security breach upward to $3.1 million, a notable increase from earlier figures and a development that follows the prediction market platform's commitment to fully reimburse affected users. The updated total emerged just days after that refund promise, raising
With Bitcoin trading just above $60,000 and the network's estimated all-in production cost near $84,300, much of the mining sector is now operating at a loss on a full-cost basis. The roughly 25% gap between price and production cost challenges a long-held assumption
Strategy, the Bitcoin treasury and enterprise software company formerly known as MicroStrategy, has long relied on public markets to finance its Bitcoin acquisitions, becoming the world's largest corporate holder of the asset. That funding model now shows signs of stress, with the company's STRC security reportedly
Bitcoin heads into the weekend trading around $60,000 after failing to defend the $59,000-$62,000 support zone, with traders weighing whether the recent slide to $58,000 marks capitulation or a new accepted price level. The May PCE inflation report provided the initial trigger for selling, with
Strategy's approach of issuing preferred shares to fund bitcoin purchases has drawn criticism from Ripple CEO Brad Garlinghouse, who labeled the model 'financial engineering' that distracted the broader market. Garlinghouse pointed to the slide of STRC, one of Strategy's preferred-stock instruments, to a
As Bitcoin treasury firms face questions about long-term viability, Metaplanet is exploring whether packaging Bitcoin-derived income into regulated securities can provide a sustainable revenue engine. The strategy hinges on tapping established securities infrastructure to create products that generate yield from Bitcoin holdings, potentially diversifying beyond simply accumulating the
Securitize, the tokenization platform backed by asset-management giant BlackRock, is preparing to enter public markets through a merger with a blank-check company, or SPAC. The firm expects to begin trading next week under the ticker symbol 'SECZ' once the deal is finalized. The debut will serve
Ripple CEO Brad Garlinghouse argued that the long-term value of digital assets depends on real-world utility rather than financial structuring, taking aim at Strategy's Michael Saylor and his bitcoin-accumulation strategy. Garlinghouse said such financial engineering does not create durable value and suggested Saylor's
Strategy, the Bitcoin-focused firm led by Michael Saylor, faced renewed investor scrutiny after its common stock (MSTR) and preferred shares, including STRC, fell to fresh 52-week lows. In response, Saylor used X to publicly reaffirm the company's long-term commitment to accumulating and holding Bitcoin, framing
Despite a softer inflation reading that might typically buoy risk assets, persistent outflows from spot Bitcoin exchange-traded funds weighed on the market on June 25. Bitcoin dropped to an intraday low of $58,189 before recovering toward $60,100 by press time. The Federal Reserve's preferred inflation