Ripple CEO Brad Garlinghouse criticized Michael Saylor’s Strategy for using preferred stock financing to buy Bitcoin, arguing this approach fails to create lasting value. He emphasized that long-term value in crypto should come from real-world utility, not financial engineering. Strategy’s preferred shares have dropped about 25%, reflecting investor doubts amid ongoing scrutiny including a shareholder investigation and insider sales. Despite these concerns, market options do not indicate an imminent crisis for the company.
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...
Bitcoin has seen about $1.8 billion in liquidations recently, mostly from long positions, following a price drop from around $60,000. This deleveraging could clear the way for renewed momentum if spot demand returns, supported by easing macroeconomic...
Bitcoin recovered to around $60,000 on June 26, ending a steep two-day decline of nearly $4,500. Despite this rebound, the cryptocurrency remains down over 30% year-to-date, reflecting a prolonged but mild bear market that started in late 2025. Histo...
Bloomberg Intelligence strategist Mike McGlone forecasts that Tether (USDT), a dollar-pegged stablecoin, is likely to overtake Bitcoin as the largest cryptocurrency by market value. He highlights the growing dominance of stablecoins reshaping the cry...
Bitcoin dropped to a new cycle low around $58,075 following a failed recovery attempt that briefly pushed prices to $67,248. The cryptocurrency currently trades near $60,300 but remains down across daily, monthly, and yearly timeframes, reflecting on...
