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SPCX has already turned SpaceX’s post-debut volatility into a crypto-native liquidation event. SpaceX-linked perpetual contracts exceeded $50 million in 48-hour liquidations as the underlying stock tested its $150 Nasdaq opening price, showing how quickly tokenized-stock exposure can shift from an access story to leveraged market plumbing. SPCX perpetual liquidations ranked behind only Bitcoin and Ethereum in … Read more

Strategy (formerly known as MicroStrategy) is discovering that strengthening one part of its increasingly complex balance sheet can expose weaknesses elsewhere. The Bitcoin treasury company spent $1.5 billion in May repurchasing convertible notes, reducing its debt but also draining cash that investors viewed as a backstop for its preferred-stock dividends. Weeks later, its Variable Rate … Read more

Bitcoin’s break below $60,000 on June 24 exposed the market’s timing problem: sellable coins moved closer to exchanges while ETF demand weakened and leveraged traders cut risk. CryptoSlate market data shows Bitcoin trading near $59,340, down 4.05% over 24 hours and 9.03% over seven days. Related Reading America’s Bitcoin buying turns negative as BTC drifts … Read more

Bitcoin’s sustained price correction is deepening as demand from US investors weakens, leaving the world’s largest cryptocurrency increasingly exposed to leveraged positions clustered below $60,000. According to CryptoSlate’s data, the top crypto traded at $59,800 at press time, down 16% this month. This decline has brought the asset closer to price levels where forced liquidations … Read more

The Ethereum Foundation has cut roughly 20% of its workforce and slashed its budget by roughly 40% as part of a broad reorganization, even as the blockchain it helps steward has seen its highest-ever levels of user activity and is attracting deeper participation from major financial institutions. On June 23, the nonprofit revealed that it … Read more