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Strategy’s STRC draws bearish options bets as it falls to new all-time low

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Strategy’s STRC draws bearish options bets as it falls to new all-time low
Options traders are building bearish positions around Strategy’s (formerly MicroStrategy) flagship preferred STRC stock after the security fell to a record low, adding a new layer of pressure to one of Michael Saylor’s main funding tools for buying Bitcoin. Strategy’s Variable Rate Series A Perpetual Stretch Preferred Stock, known by the ticker STRC, closed Wednesday … Read more

SpaceX is trading like a $2T meme stock after its record IPO

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SpaceX is trading like a $2T meme stock after its record IPO
SpaceX’s first week as a public company is starting to look less like a conventional stock-market debut and more like a high-leverage crypto asset. Shares of Elon Musk-led company, trading under the ticker SPCX, extended their post-IPO rally Tuesday as investors piled into one of the smallest public floats ever attached to a company valued … Read more

XRP just beat Ethereum, Solana and others in 90-Day RWA flows as traders pile back into the token

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XRP just beat Ethereum, Solana and others in 90-Day RWA flows as traders pile back into the token
The XRP Ledger (XRPL) drew more new tokenized real-world asset capital than Ethereum, Solana, and other major blockchains over the past three months, giving XRP bulls a fresh network-growth argument as traders rebuild exposure to the token. XRPL recorded $1.9 billion in net real-world asset inflows over the last 90 days, ahead of Ethereum’s $1.6 … Read more

Illinois’ new crypto tax puts users under a burden stocks do not face

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Illinois’ new crypto tax puts users under a burden stocks do not face
Illinois Gov. J.B. Pritzker has signed a $55.9 billion state budget that includes a first-of-its-kind 0.2% tax on crypto assets. The Digital Asset Tax Act, nested deeply within the broader revenue package of Senate Bill 3019, establishes a novel privilege tax on the exchange, transfer, and custody of cryptocurrencies. Beginning January 2027, digital asset brokers … Read more

Solana’s $1B USDC mint collides with DeFi app shutdown as users face unfinished Drift recovery

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Solana’s $1B USDC mint collides with DeFi app shutdown as users face unfinished Drift recovery
As a result of the Drift exploit, crypto payments platform Pyra has stopped accepting new users, canceled existing payment cards, and says withdrawals and private key exports will remain available through a web portal until September 15, 2026, according to Pyra’s shutdown announcement. Pyra also plans to use that portal to facilitate future Drift recovery … Read more

Global Takedown Cripples Dark Web Bitcoin Service After 10,333 BTC Hit Wallets

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Global Takedown Cripples Dark Web Bitcoin Service After 10,333 BTC Hit Wallets
U.S. prosecutors charged two men in a $389 million cryptocurrency laundering case tied to a dark web bitcoin service. Authorities said 10,333 BTC moved through its wallets, while arrests, domain seizures, frozen assets, and extradition efforts now span multiple countries. Global Operation Targets Bitcoin Laundering Service, Domains, and Crypto Assets The U.S. Attorney’s Office for … Read more

Massive Bitcoin Theft Case Draws Guilty Plea in Violent Kidnapping Plot

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Massive Bitcoin Theft Case Draws Guilty Plea in Violent Kidnapping Plot
Federal prosecutors detailed a guilty plea in a violent kidnapping plot tied to an attempted bitcoin robbery. Authorities said the scheme sought to steal bitcoin connected to a theft worth hundreds of millions of dollars and has led to multiple guilty pleas in the broader case. Federal Prosecutors Detail Plea in Violent Bitcoin Kidnapping Plot … Read more