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Michael Saylor doubles down on Bitcoin as Strategy sits on $14 billion in unrealized losses
Critics warn that Strategy’s financial structure is collapsing under the weight of rising dividend costs and shrinking cash reserves, yet Michael Saylor has reiterated that he will not abandon his Bitcoin strategy. Unrealized losses on Strategy’s Bitcoin reserve have climbed up around $14 billion following Bitcoin’s decline to below $60,000. Does Strategy’s financial strategy still...Cryptopolitan
Fri, Jun 26
AscendEX users report frozen withdrawals as on-chain investigator flags empty hot wallets
Cryptocurrency exchange AscendEX is currently under pressure after multiple users reported stuck withdrawals. Blockchain investigator ZachXBT has also stated that the platform’s known hot wallets hold few liquid assets, raising questions about the Singapore-headquartered exchange capability to meet redemption demands. I recommend your team answers the following questions for the community: 1) Why are AscendEX...Cryptopolitan
Fri, Jun 26
SpaceX plans to sell a Starlink-branded mobile service directly to US consumers
SpaceX is weighing a plan to sell its own Starlink-branded mobile phone service to people across the United States, a step that would pit Elon Musk’s company against the country’s biggest phone carriers. The Financial Times reported on Friday that the company is also thinking about building its own ground-based wireless network down the line....Cryptopolitan
Fri, Jun 26
Crypto Today: Bitcoin at $60,000, Ethereum at $1,500, and XRP at $1 face a make-or-break test
Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) are trading in the red on Friday after three consecutive days of losses, testing their respective make-or-break support levels. The prevailing bearish pressure weighs on the prospects of a rebound despite potential bullish RSI divergences.
Hyperliquid’s HYPE gets $319 price target from Multicoin
On June 25, Multicoin Capital (Multicoin) published a full valuation for HYPE, the native token of Hyperliquid, indicating annual revenues for the protocol will reach approximately $8 billion by 2028, resulting in a price target of $319 — over five times its current trading value of around $63. The firm disclosed that they have been...Cryptopolitan
Fri, Jun 26
Bitcoin Weekly Forecast: BTC hits 20-month low, will the pain continue?
Bitcoin (BTC) recovers slightly, trading at $66,000 on Friday after reaching a new yearly low of $58,115 earlier this week, its lowest level since October 2024. Institutional selling intensified as spot Exchange Traded Funds (ETFs) recorded $1.35 billion in net outflows through Thursday.Fxstreet
Fri, Jun 26
AI agent funding topped $2.9B as deal count reached 50
The analysis of equity rounds done by New Market Pitch shows that there was a notable growth in the investments made in the area of the AI agent enterprise business segment. It jumped from about $1.5B through 31 transactions in 2024 to about $2.9B through 50 transactions in 2025. There is enough evidence to show...Cryptopolitan
Fri, Jun 26
Tokenized equity volume on spot DEXs hits new daily record of over $565 million
Tokenized stocks just had their biggest volume day onchain this week. This record is dropping right after the weekly transfer volume milestone that was hit last week. The latest data from Blockworks shows that spot decentralized exchanges recorded more than $565 million in tokenized equity volume on June 24. This is a daily record for...Cryptopolitan
Fri, Jun 26
Trump Jr. could cash in big as Kalshi targets $40B amid ethics scrutiny
Donald Trump Jr. stands to make a large profit from his share in the prediction market company Kalshi, but the deal is already drawing heavy criticism over possible conflicts of interest. Trump Jr. received roughly $300,000 in Kalshi equity after he signed on as a strategic adviser on January 13, 2025. Just two months after...Cryptopolitan
Fri, Jun 26
Silicon photonics selloff splits AI sector as Serenity backs SIVE, AAOI
The optics industry has seen heavy selling, resulting in a massive decline in the stock prices of Applied Optoelectronics (NASDAQ: AAOI). The same trend was seen in the shares of Coherent (XNYS: COHR), Lumentum (NASDAQ: LITE), and Sivers Semiconductors (STO: SIVE). This proves a marked distinction within the AI industry between stocks that are being...Cryptopolitan
Fri, Jun 26
XRP clings to $1 as long liquidations deepen bearish trend
Ripple (XRP) trades near the key psychological support level of $1 at the time of writing on Friday after losing more than 8% so far this week. CoinGlass liquidation data shows that over 97% XRP long positions were wiped out over the past 24 hours.Fxstreet
Fri, Jun 26
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Today’s Market Recap: U.S. Stocks Rebound as Nasdaq Gains 1.11%, Memory Chip Stocks Rally, SanDisk Jumps 5.5%
US Stocks Close: Nasdaq Rises 1.1% as Tech Stocks Rebound, Memory Stocks Lead Gains With Micron Up Nearly 3%
Tesla Q3 Earnings Preview: Can Auto Margins Stabilize? Wall Street’s Highest Price Target at $550
US Memory Sector Slides Again Pre-Market as Micron, SanDisk, Western Digital Erase Monday Gains
The Week Ahead: Tesla, Meta and WDC Earnings Take Center Stage as US Q3 Earnings Season Enters Key Trading Window
