STRC, Strategy Inc.'s preferred stock tied to bitcoin, dropped to an intraday low of $82.53 on June 18, well below its $100 target. This sharp decline tested the variable dividend rate mechanism designed to keep the stock near par by adjusting payouts to attract buyers. The fall is seen as a leverage-driven selloff amid bitcoin's bear market, not a fundamental failure of Strategy's model. With $10.5 billion outstanding and backed by bitcoin holdings, STRC's volatility highlights risks in bitcoin-linked credit products and raises questions about future dividend coverage and market stability.
Gulf Keystone Petroleum has reduced its monthly cash burn by nearly half while keeping its Shaikan oil field offline since February 28, 2026, due to regional security concerns. The company maintains $66 million in cash after paying a $12.5 million di...
The US government, under the Trump administration, is demanding that AI company Anthropic completely block all jailbreaks of its advanced models, a demand experts say is technically impossible. Jailbreaks are methods to bypass AI safety filters, and ...
Ethereum's price fell over 2% to trade near $1,696 after breaking below key technical supports like its rising channel and the 200-hour SMA. Institutional demand weakened as spot Ethereum ETFs saw $12.77 million in outflows, with large holders reduci...
Solana (SOL) fell below $70 after reaching a recent high of $75.60, pressured by the Federal Reserve's decision to keep interest rates steady and signal possible future hikes. Despite the price drop, institutional demand remains strong with $7.11 mil...
Bitcoin fell to around $62,700, down 1.9% in 24 hours, as global risk-off sentiment and doubts over a US-Iran peace deal pressured markets. Major altcoins like Ether, XRP, Solana, and BNB dropped between 2.3% and 3.2%. Asian equities retreated, led b...
