Ripple CEO Brad Garlinghouse remains bullish on bitcoin but criticized Michael Saylor's preferred-stock funding strategy used by Strategy to buy bitcoin. He called the approach "financial engineering" that distracted the market and pointed to the Strategy's preferred stock (STRC) falling 25% below par as evidence of its failure. The STRC stock, designed to trade near $100 with an 11.5% dividend, hit a record low amid bitcoin's drop below $59,000. Garlinghouse argued that true value comes from usefulness, not financial engineering, and said Saylor's focus hurt the broader crypto market. Strategy has paused issuing preferred shares due to the stock's decline and thinning dividend coverage, though some analysts see the model as less efficient rather than broken.
Major cryptocurrencies fell this week as investors favored AI-related stocks, with Dogecoin and Hyperliquid's HYPE dropping about 10%. Bitcoin was more resilient, dipping 5.3% but quickly rebounding from lows near $58,000 due to aggressive buying. Cr...
XRP closed June near the key $1 level after a 22% drop this month and a tough first half of 2026. Historically, July and the third quarter have been strong for XRP, with average monthly gains over 10% and a median Q3 return of 27.1%. This pattern, co...
The Commodity Futures Trading Commission (CFTC) has approved KalshiEX's Bitcoin perpetual futures contract, making it one of the first U.S.-regulated platforms to offer crypto futures tied directly to Bitcoin's spot price. Kalshi also offers perpetua...
XRP is sliding toward the $1 mark after its weakest weekly performance among major cryptocurrencies, down about 8% in the past week and 21.5% over 30 days. Despite this, $1.44 billion has flowed into XRP spot ETFs, indicating institutional interest t...
XRP has fallen over 70% from its July 2025 peak of $3.66 to a 20-month low near $1.05, trading in a year-long downtrend marked by lower highs and lows. The critical $1 psychological level now defines its near-term outlook, with support at $0.85 and $...
